The profitability of the UAE’s banking sector recovered appreciably in 2021 and will grow further in 2022 on the back of anticipated economic recovery and the digital transformation of the banking …
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FRANCHISE IN UAE’s T20 LEAGUE ACQUIRED BY CAPRI GLOBAL
Capri Global has made its first ever historic foray into cricket by acquiring a franchise in UAE’s T20 league.
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ADNOC is UAE’s most valuable brand, while DFM is the fastest growing
Image Credit: Gulf News Archive Dubai: The energy giant ADNOC remains … which recently completed a Dh4 billion IPO, the retail and property conglomerate Majid Al Futtaim, and Emirates Global …
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Profitability of UAE banking sector recovers amidst cautionary winds as deposits outpace loans in 2021
The UAE Banking Pulse for FY 2021 suggests that, overall, banks have performed well on key income categories related to the markets Profitability of UAE banking sector recovers amidst cautionary winds …
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UAE-Based Teen Banking Startup Cashee Joins Visa Fintech Fast Track Program
With the program, Cashee can access capabilities within Visa’s global network, as well as boosts its roll out to offer a digital payment solution to youth in MENA.
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United Arab Emirates Censured for Money Laundering, Terrorism Financing
The Financial Action Task Force, a Paris-based intergovernmental body that audits the ability of nations to detect and disrupt illicit finance, has censured the United Arab Emirates for not doing …
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Dubai’s Biggest Bank to Boost Number of Women in Senior Roles
Emirates NBD plans to fill a quarter of all senior positions with women over the next five years as Dubai’s biggest bank joins a global push for greater gender diversity. Females represent 41% of the …
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UAE’s Aafaq Islamic Finance and Arab Financial Services to back fintech startups
The partnership is part of Bahrain-based AFS’s Regional Partner Program that supports new and existing fintechs to launch operations across the region.
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Dubai’s Medad Technology to invest $100m in patented healthcare and fintech advances
and Zand Bank, one of the new generation of digital banks in the UAE. The company – which is ‘advanced talks’ with a prospective global partner for an entry into Europe and the US – has already …
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Dubai tech unicorn Zeta and Mastercard announce partnership
Dubai-based banking tech unicorn Zeta and Mastercard have signed a five-year global partnership. As part of the agreement, the firms will go-to-market jointly to launch credit cards with issuers …
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UAE – Emirates NBD Capital marks record year
Emirates NBD Capital (EMCAP), the investment banking arm of Emirates NBD, one of the leading banking groups in the Menat (Middle East, North Africa and Turkey) region, led a record number of landmark …
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Meeting discusses IFC’s activities in the UAE, latest developments
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, met on Monday with Hela Cheikhrouhou, International Finance Corporation (IFC)’s regional Vice President for the Middle East, …
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UAE inclusion on FATF ‘grey list’ unlikely to have major impact on economy, says S&P
The inclusion is unlikely to significantly affect the country as it is a net exporter of capital, the firm said UAE inclusion on FATF ‘grey list’ unlikely to have major impact on economy, says S&P …
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Entrepreneurs structure businesses through UAE Foundations: Here’s how the entities help mitigate risks
Knowing what role Foundations play for start-ups and new business ventures in the UAE Dubai: Over the last few years, a rising trend within the entrepreneur ecosystem is an increase in the number of …
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Dubai start-up Quiqup raises $1.36m from Mohammed bin Rashid Innovation Fund
Dubai-based technology start-up Quiqup received a guarantee for a loan worth Dh5 million ($1.36m) from the Mohammed bin Rashid Innovation Fund (MBRIF) as it looks to support the growth of the “quick …
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Tabreed launches Green Financing Framework to fund projects aligned with UAE’s carbon-neutral objectives
and operating district cooling schemes in the UAE, as well as projects related to energy and water efficiency, and wastewater management. The framework will also help the company meet its commitments …
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EDB’s App Gives Banking Access to 500 UAE Firms in 3 Months
In a development that augurs well for meeting one of the goals of the UAE’s national agenda to offer easy financing solutions to the private sector, Emirates Development Bank (EDB) has announced that …
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