Tag: banking

The Central Bank of the UAE (CBUAE) has raised the base rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective Thursday, June 16, 2022. The decision was taken following …
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Dubai is seeking as much as $454 million from the initial public offering of business-park operator Tecom Group, forging ahead with the second listing this year in the government’s drive to deepen …
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The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective from Thursday, 16 June 2022. This decision was …
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Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has issued a regulation to turn the emirate’s road toll operator Salik into a public joint stock company, ahead of its potential initial …
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Cryptocurrency hedge fund Three Arrows Capital has incurred at least $400M in liquidations in a move that could lead to potential insolvency, according to three people familiar …
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Three Arrows Capital, Singapore/Dubai-based hedge fund that is invested in multiple blockchain firms, is fending off rumors of a possible liquidation event, …
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With a net asset value of $18bn (£14.9bn) in its last public statement, the Singapore-based hedge fund was known for taking large highly … attributed to North Korean state-sponsored hackers. Zhu Su, …
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Dubai: Are you a university student working part-time? Or an international student liv If so, you may have felt the need to have a UAE-based bank account to ensure that you can complete financial …
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Mashreq, the Dubai lender controlled by the Al Ghurair family, launched a digital bank to cater to the UAE’s growing population of tech-savvy youths. The bank, called Neo NXT, will enable parents of …
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The UAE is set to boost its 2022 federal budget spending by an additional AED1.23 billion ($335 million) and it estimates that revenues will be higher by AED374.98 million ($102 million), said the …
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the introduction of some provisions regulating subjecting of government companies to the Public Finance Law, and the introduction of some provisions regulating the accounting standards approved for …
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pic.twitter.com/q7nIHuAASE — المجلس الوطني الاتحادي (@fnc_uae) June 14, 2022 The FNC also approved a law to amend some provisions of Federal Decree Law 26 of 2019 in the matter of public finance. “The …
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The UAE has 642,000 Coursera learners with a median age of 34 years. Of them, 42 percent are women, and 44 percent are pursuing learning on mobile devices UAE tops global list of more than 100 …
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Monthly deductions from pensions of retired senior UAE citizens might be increased to 50 per cent. A top government official has told the Federal National Council (FNC) that these deductions can be …
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Monthly deductions from pensions of retired senior UAE citizens might be increased to 50 per cent. A top government official has told the Federal National Council (FNC) that these deductions can be …
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Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, has launched its first Application Programming Interface (API) developer portal, allowing fintech developers to use Adib APIs.
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Shuaa goes for leveraged buyout of Allianz, one of region’s bigger marine services firms Dubai: Dubai fund manager fancies its prospects in the maritime space, having completed the leveraged buyout of …
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