First Abu Dhabi Bank PJSC withdrew its billion-dollar bid for Egypt’s biggest investment bank EFG-Hermes, citing market volatility amid Russia’s invasion of Ukraine.Most Read from BloombergUkraine …
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YOURSAY | Punished over no red carpet in UAE?
It’s the usual story that someone down the line got blamed for it.’ Not all seems well at Foreign Ministry over vacancies, says ex-ambassador. Umno VP wants Bersa …
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Burj Khalifa celebrates DEWA’s listing on Dubai Financial Market
Burj Khalifa, the tallest building in the world, celebrated the listing of Dubai Electricity and Water Authority (DEWA) on the Dubai Financial Market (DFM) by showing a 3-minute video on the Burj. The …
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UAE-based expat: ‘Forget what society says, do what’s right for your family’
It’s common, but no one wants to acknowledge it’ 45-year-old UAE-based expat Chaiya talks about her 20th pregnancy and delivery, which took three days Dubai resident and mum of two: ‘The second time I …
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DEWA’s shares surge 20% on first day of trading at Dubai Financial Market
The Dubai utility’s float is the largest listing ever in the UAE, Europe and the Middle East since Saudi Aramco’s listing on Tadawul in 2019 . DEWA’s shares surge 20% on first day of trading at Dubai …
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Working to Close the Climate Finance Gap in the Arab Region
UN Climate Change News, 13 April 2022 In the Arab Region, a large gap in climate finance is yet to be closed in order to meet the needs of local populations. Climate finance is essential to allow …
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Equiti Gains OTC Category One License from UAE’s SCA
Equiti has received an OTC Derivatives and Foreign Exchange Spot Markets license from the UAE Securities and Commodities Authority (SCA).
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Equiti obtains OTC Derivatives and FX Spot Markets license from UAE
“Equiti is thrilled to be one of the first global brokers to be awarded this new category license by the UAE’s Securities and Commodities Authority.” …
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UAE: Veteran doctor who served people for over 50 years dies
Tributes are pouring in for the veteran doctor. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, extended his condolences to the …
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UAE retirement: 45% of residents have not started saving
Retiring early remains out of reach for many in the UAE, with 45 per cent of residents saying they have not yet started saving for their golden years, a survey by insurance company Friends Provident …
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S.Korea, UAE agree to extend currency swap agreement for 5 years
South Korea’s central bank said on Wednesday it has agreed with the Central Bank of the United Arab Emirates (CBUAE) to extend a currency swap agreement for five years.
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FSRA issues discussion paper on Decentralised Finance
As DeFi grows in size and the number of users, a lack of regulation could heighten risks to investors, financial institutions and the financial system …
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Nearly half of UAE residents have no retirement savings: survey
Among those who did manage to put away some funds for retirement, 53 percent said the savings are in the form of general bank deposits. Why are people not saving ? According to FPI’s study, many …
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As The Metaverse And Crypto Economy Grows, Regulation Starts To Catch Up
Cryptocurrency based content platform MContent, based in Dubai, produced a documentary in partnership … a real movement for accessing hedge-fund-type tools has begun. And the results have been …
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ADQ, Chimera Investments partner to launch UAE’s first SPAC on ADX
As part of its endeavours to strengthen and activate means of economic and investment cooperation with various countries of the world, the UAE, represented by the Ministry of Finance (MoF), …
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Dubai Breaks Into World’s Top Five Listing Venues With DEWA IPO
Dubai kicked off a string of planned privatizations on a positive note, with the blockbuster initial public offering of its utility catapulting the emirate into the world’s top five listing venues …
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Swiss banking firm expands into MENASA ‘financial hub’ Dubai as it eyes regional growth
With the acquisition of DIFC-based international wealth and asset management company One swiss private wealth, Geneva-headquartered One swiss bank has entered the UAE market, with plans for regional …
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