Al Ahli Bank of Kuwait (ABK)-DIFC announced today that it has been awarded a ‘Category 1 Banking Licence’ by the Dubai Financial Services Authority (DFSA). The licence upgrade allows ABK-DIFC to …
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Moelis wins another top Dubai IPO role with Salik mandate
Dubai’s road-toll collection system has picked Moelis & Co. as financial adviser for its local stock exchange listing, according to people familiar with the matter. The so-called Salik toll system …
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UAE bank deposits grew 80 per cent in 10 years
Deposits at UAE banks grew 80 per cent to Dhs1.884 trillion in 2020 from Dhs1.049 trillion in 2010. According to a report by the Federal Competitiveness and Statistics Centre, which documents the …
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Deposits at UAE banks grow 80% over 10 years
Deposits at UAE banks grew 80% to AED1,884 billion ($512 billion) in 2020 from AED1,049 billion in 2010, according to a report by the Federal Competitiveness and Statistics Centre. The report, which …
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Emirates Islamic Bank starts new Islamic fund
DUBAI — Emirates Islamic Bank has announced … The latest offering is the Islamic Alternative Strategies Fund, a hedge fund with the ability to invest across a range of strategies, aiming …
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UAE – 80 percent growth in bank deposits in 10 years: Federal Competitiveness and Statistics Centre
Deposits at UAE banks grew 80% to AED1,884 bn in 2020 from AED1,049 bn in 2010, according to a report by the Federal Competitiveness and Statistics Centre. The report, which documents the developments …
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Dubai DET and HSBC sign MoU to highlight dDubai’s position as a global liveability hub
MoU will pave the way for DET and HSBC to promote Dubai as a leading international destination for leisure, business and events …
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‘Private bank’ vanishes after duping hundreds in UP
A private ‘bank’ that promised Muslims to keep their money secured, has duped hundreds of people of their money and the main accused has reportedly fled to Dubai. According to the police, hundreds of …
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Hedge Funds World Middle East 2009
The GCC equity markets now appear on the radar screen of every large global investor, and many of the international investors flocking to Dubai for Hedge Funds World Middle East are also on a …
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UAE – Minister of State for Financial Affairs meets with Executive Director of the Arab Group at the IMF
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met today with Dr. Mahmoud Mohieldin, Executive Director of the Arab Group at the International Monetary Fund (IMF), on the sidelines …
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UAE banks to report robust results for full year 2021
Improved efficiency, lower provisions and higher margins to reflect in profits Dubai: UAE banks are expected to report robust results for full year 2021 supported by improved economic conditions, …
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UAE: New reforms for workers’ rights approved
The Dubai ruler said a slew of regulations, including those guaranteeing workers’ rights, was approved by the Cabinet on Friday, January 14. One of the first decisions of the meeting was to give …
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Want to pay your traffic fines in installments? Here’s how you link it to your bank account
Taking to its social media channels on3, Dubai Police promoted its service that allows motorists to apply for traffic fine installments by debiting their bank accounts. The service allows vehicle …
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Interview: Gulf IPO boom to continue as governments bring prized assets to market – HSBC
With Dubai announcing plans to kick awake its torpid stock exchange by having state-owned entities list some of their shares on the bourse, the flurry of initial public offering (IPO) activity in the …
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Huspy acquires Home Matters to create the UAE’s largest home financing platform
The combined entity will manage over US$1 billion in gross merchandise value annually and employ over 150 people. Huspy acquires Home Matters to create the UAE’s largest home financing platform.
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Who is Caroline Stanbury? Age, boyfriend and connection to Prince Andrew
Caroline is 45 years old and is the daughter of Anthony Stanbury, a venture capitalist and former managing director of Jaeger, and Elizabeth Stanbury, who ran a cashmere knitwear business. Caroline’s …
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UAE Research Program for Rain Enhancement Science Names Fourth Cycle Awardees
The UAE Research Program for Rain Enhancement Science (UAEREP) announced the winners of its fourth cycle grant during a ceremony held at Expo 2020 Dubai under patronage of His Highness Sheikh Mansour …
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