The IMF also projected a 2.5 per cent growth rate over the next five years till 2024. Meanwhile, the UAE Central Bank, last month, revised the country’s forecast upward by 0.4 per cent to 2.4 per cent …
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UAE lender First Abu Dhabi Bank pulls bid for Egypt’s EFG-Hermes
First Abu Dhabi Bank withdrew its offer to buy a majority stake in Egypt’s biggest investment bank EFG-Hermes, citing global market volatility amid Russia’s invasion of Ukraine. FAB had offered to buy …
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Emirates Islamic Bank launches new business account to support UAE’s SMEs
Small and medium enterprises represent 94 percent of companies operating in the country, contributing over 50 percent to national GDP Emirates Islamic Bank launches new business account to support UAE …
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Millennium Hotels and Resorts partners with the UAE Food Bank
Millennium Hotels & Resorts MEA, one of the fastest-growing regional hotel management companies in the Middle East & Africa, has partnered with the UAE Food Bank, a non-profit charitable organisation …
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Shares of Dubai utility Dewa surge in Middle East’s largest IPO since Aramco
The utility’s float is the largest listing ever in the UAE and the largest listing in the Middle East since Saudi state oil giant Aramco went public on the kingdom’s Tadawul exchange in 2019. Dewa in …
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A. R. M Holding donates Dh2 million contribution to Dubai’s 1 Billion Meals initiative
The 1 Billion Meals initiative gives access to food supplies to the underpriviliged Dubai: A.R.M. Holding has donated of Dh2 million to the 1 Billion Meals initiative. Organised by Mohammed bin Rashid …
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Pallapay Explores How the Emirate’s New Crypto Regulations Would Impact How People Buy & Sell Bitcoin and Other Crypto In Dubai
DUBAI, UAE / ACCESSWIRE / April 15, 2022 / His Highness Sheik Mohammed bin Rashid, Dubai’s ruler and Prime Minister of Dubai recently announced the …
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UAE Announces Three Packages for Hiring Domestic Workers
The Ministry of Human Resources and Emiratisation in the UAE has warned employers and national and resident families of the risks of dealing with unlicensed domestic labour recruitment agenciesTraditi …
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FxPro secures lucrative presence with new Dubai office
Cyprus-based and FCA regulated platform FxPro has opened a new office in Dubai as it seeks to focus on providing customizable liquidity solutions to the region’s diverse clientele.
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Food Banking Regional Network supports UAE’s 1 Billion Meals initiative
Umbrella for tens of food banks in 50 countries committed to expand services Dubai: The Food Banking Regional Network (FBRN) is supporting the 1 Billion Meals initiative, the largest campaign of its …
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Abu Dhabi down as UAE’s biggest bank withdraws offer for EFG Hermes
Major Gulf bourses fell on Thursday and Abu Dhabi’s share index slipped more than 1%, after First Abu Dhabi Bank (FAB) withdrew its offer for a stake in Egypt’s EFG Hermes .
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Top UAE Lender First Abu Dhabi Bank Pulls Bid for EFG-Hermes
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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