LUCKNOW: Will the mega road show of Prime Minister Narendra Modi in Varanasi spin the magic for BJP in the holy city and other constituencies in seventh and last phase of polling in Uttar Pradesh on …
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Impact of Russia – Ukraine conflict on UAE banks will be limited and indirect
Higher interest income, interest margins and lower provisions to drive bank profits Dubai: The impact of war between Russia and Ukraine is likely to have only limited and or indirect impact on the …
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UAE’s to further strengthen its anti-financial crime framework
With the aim of ensuring the success and sustainability of the UAE’s efforts to strengthen its anti-financial crime framework, FATF has announced that it has placed the UAE under increased monitoring.
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UAE committed to working with international community to combat financial crime
The UAE is committed to working with the international community and across sectors to tackle illicit finance and money laundering. That is the overarching message from the UAE government in response …
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Russia-Ukraine conflict unlikely to dent GCC’s IPO boom
High oil prices and abundant liquidity are expected to keep Gulf IPO demand soaring Dubai: The booming market for initial public offerings across the GCC, particularly Saudi Arabia and the UAE are …
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Indian rupee near all-time low against UAE dirham
Image Credit: Bloomberg Dubai: Indian rupee has plunged to a two … in the interbank market the Reserve Bank of India (RBI) did not intervene, signaling further downward pressure on rupee.
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UAE Added to Global Watchdog’s ‘Gray List’ Over Dirty Money
The United Arab Emirates has been added to a global watchdog’s list of countries subject to greater oversight for shortcomings in tackling illicit finance, potentially complicating local operations …
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UPDATE 3-Financial crime watchdog adds UAE to ‘grey’ money laundering watch list
Global financial crime watchdog the Financial Action Task Force (FATF) on Friday said Middle East business hub the United Arab Emirates had been included on a list of jurisdictions subject to …
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Q1 2022 Gift Card and Incentive Card Industry Report UAE – Strong Growth in E-Commerce Shopping Expected to Drive the Market
Dublin, March 04, 2022 (GLOBE NEWSWIRE) — The “United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Q1 2022 Update” report has been added …
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UAE bank lending set to grow in 2022 amid strong economic recovery, S&P says
Banks in the UAE are expected to record an increase in lending growth this year as the Arab world’s second-largest economy charts a strong recovery from the Covid-19 pandemic, according to a new …
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UAE poised for FATF’s ‘gray list’ over allegations of ‘dirty money’
The United Arab Emirates is set for inclusion on a global watchdog’s “gray list” after some of its members indicated that the Gulf nation hadn’t made enough progress in tackling illicit financ …
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For India’s stock markets, an LIC IPO delay would be the right thing
Given global crisis, a mega IPO would have sucked up too much of liquidity Dubai: Are India’s stock markets and investors better off delaying the mega IPO from the Life Insurance Corporation of India …
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Undersecretary of Ministry of Finance Meets With IMF Article IV Consultations’ Mission
His Excellency Younis Haji Al Khoori, Undersecretary of Ministry of Finance (MoF), met with International Monetary Fund (IMF) Article IV consultations’ …
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UAE: 6 savings challenges’ that went viral and will pay off taking on
For Cristina Brown, a self-described savings-challenge designer and founder of the blog Happy Savings Co, money-saving challenges helped her go from spending to saving. “I recognised the need to save …
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UAE: 10 ways expats can invest and grow their money
Dubai’s new savings scheme for expats in the public sector has turned the spotlight on the need to financially prepare for retirement. Studies have shown that many expat employees in the country don’t …
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Dubai’s Emirates NBD’s net profit rises by 34 per cent to Dhs9.3bn in 2021
With 98 per cent of transactions now through digital channels, we continue to be a leader in digital banking and innovation.” Nelson added: “We continue to maintain a strict control on expenses and …
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Capital Bank lists $100m AT1 bond on Nasdaq Dubai market
The bond is the first issuance of its kind for a Jordanian bank on the region’s international financial exchange Capital Bank lists $100m AT1 bond on Nasdaq Dubai market AT1 bond, bond issuance, Bond …
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