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Tag: banking

Posted on 19/12/2021

SocGen, BofA set to adopt Monday-Friday workweek in the UAE

While Dubai is the region’s main business and financial hub, most international banks have staff in Saudi Arabia, the Middle East’s largest economy SocGen, BofA set to adopt Monday-Friday workweek in …
( read original story …)


Posted on 19/12/2021

SocGen, BofA set to adopt Monday-Friday workweek in the UAE

While Dubai is the region’s main business and financial hub, most international banks have staff in Saudi Arabia, the Middle East’s largest economy SocGen, BofA set to adopt Monday-Friday workweek in …
( read original story …)


Posted on 19/12/2021

UAE Central Bank extends economic support until mid-2022

Financial institutions will continue to be eligible to access the collateralised Dhs50 billion zero-cost liquidity facility up to 30 June 2022 to provide new loans and financing to individuals and …
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Posted on 19/12/2021

Highly favourable outcomes can be expected from India-UAE FTA: Goyal

DP World is setting up India Mart Traders Market, a dedicated market for Indian businesses which would enable traders and manufacturers to trade with the UAE local market and regional market …
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Posted on 19/12/2021

UAE Central Bank to increase financial aid to lenders

The Central Bank of the UAE is increasing funding procedures intended at aiding lenders alleviate the impacts of the coronavirus pandemic by six mont …
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Posted on 19/12/2021

Why super apps are the future of retail banking

Majority of UAE consumers are using contactless cards and mobile wallets for transactions Why super apps are the future of retail banking Arabian Business News …
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Posted on 19/12/2021

Why super apps are the future of retail banking

Majority of UAE consumers are using contactless cards and mobile wallets for transactions Why super apps are the future of retail banking Arabian Business News …
( read original story …)


Posted on 19/12/2021

UAE: Extension of stimulus will ensure solid, sustained recovery

UAE economy is expected to grow at a convincing 2.1% this year, thanks to these measures The UAE economy has convincingly bounced back from the pandemic impact faster than expected with the help of …
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Posted on 19/12/2021

UAE – Ajman’s Department of Finance offers top up of ‘Ajman Wallet’ through ATMs of ‘Ajman Bank’

The Ajman’s Department of Finance and Ajman Bank have signed an agreement to provide the Ajman Wallet recharge service for the smart payment platform ‘Ajman Pay’ through the bank’s ATMs across the …
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Posted on 18/12/2021

UAE Central Bank to extend support until June 2022

The regulator extended banks’ capital buffers and liquidity and stable funding requirements until June 30, 2022, under the Targeted Economic Support Scheme (Tess) to aid balance and sustained recovery …
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Posted on 18/12/2021

UAE Central Bank Extends Economic Support Measures Until June 30

The Central Bank of the United Arab Emirates has extended several measures of its Targeted Economic Support Scheme until June 30 help continued recovery of the nation’s economy.
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Posted on 18/12/2021

UAE central bank to extend some support measures until June 2022

The Central Bank of the UAE is extending support measures aimed at helping lenders mitigate the effects of the Covid-19 pandemic by six months until mid-2022 to back the country’s continued economic …
( read original story …)


Posted on 18/12/2021

UAE extends pandemic support scheme for banks until mid-2022

The Central Bank of the UAE (CBUAE) has extended several measures of its Targeted Economic Support Scheme (TESS) until the end of June 2022 to support the continued recovery of the country’s economy.
( read original story …)


Posted on 18/12/2021

UAE c.bank extends Targeted Economic Support Scheme through June

The United Arab Emirates’ central bank has extended several measures of its Targeted Economic Support Scheme (TESS) until June 30 to support the continued recovery of the country’s economy, the bank …
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Posted on 18/12/2021

Citibank UAE: Three Reasons to Open a Citi Account in the UAE

From managing funds to getting easy access to cash, a bank account offers multiple benefits to individuals and busin …
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Posted on 18/12/2021

Billionaire Majid Al Futtaim, who once worked as a bank clerk, passes away

Emirati billionaire Majid Al Futtaim, who once worked as a bank clerk, has passed away. Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum announced Al Futtaim’s death in a post on Twitter on Friday, …
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Posted on 17/12/2021

UAE community pays rich tribute to late businessman Majid Al Futtaim

Members of Dubai’s royal family and the business community paid rich tributes over the demise of prominent Emirati businessman Majid Al Futtaim on Friday night. Majid Al Futtaim, owner and founder of …
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