Ajman Bank has signed a memorandum of understanding (MoU) with the Emirates Development Bank (EDB) to offer credit guarantee and co-lending for small and medium-sized enterprises (SMEs) in the UAE.
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Aster Healthcare: Moopen plans to demerge Gulf ops, focus on India
Dubai-based Aster DM Healthcare is increasing its focus on India with a target of netting half of the revenue from here over the next five years and plans to hive off its GCC operations into a …
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Dubai wife cleared of hacking husband’s email to obtain his bank statement
Dubai: A Dubai-based wife was cleared of hacking her husband’s email for obtaining his bank statement to use in their divorce case. According to the Dubai Court of Appeal, the 27-year-old woman had …
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Emirates NBD Joins UAE Trade Finance Gateway Project Led by Etihad Credit Insurance To Ease Liquidity Access for Businesses
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed an MoU with Emirates NBD, Dubai’s largest bank and one of the leading b …
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Indian loan defaulters who fled UAE to find going tough in 2022
Indian borrowers who defaulted on their loan repayment commitments in the UAE and fled the country between 2015 and 2021 will find it hard to escape the long arm of law and or loan recovery agents in …
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UAE FTA calls on registrants to redetermine penalties
The UAE’s Federal Tax Authority (FTA) has called on tax registrants to benefit from the redetermination of administrative penalties to be equal to 30 percent of the total unpaid penalties. The FTA …
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UAE – Ajman’s Department of Finance bags ‘Most Innovative Digital Initiative in Finance 2021’ by Global Business Outlook
Ajman’s Department of Finance has been awarded the ‘Most Innovative Digital Initiative in Finance 2021’, for its digital wallet and contributions in supporting digital transformation by Global …
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The Potential of Islamic Finance to SMEs Products Made by Disabilities Community Attracts Investors’ Attention in Dubai
Dr. Sutan Emir Hidayat, Director of Islamic Economy Infrastructure Ecosystem brings sharia economy topics in business forum at Indonesia Pavilio …
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UAE’s Tabreed inks deal to invest $400m in Indian district cooling plan
The National Central Cooling Company (Tabreed) has entered into a partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to invest about $400 million in India …
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Didi’s Early Investors Get Window to Exit After Disastrous IPO
The end of a lock-up period after a new listing is often a triumphant time when pre-IPO investors can cash out and book profits. For Didi Global Inc., whose shares have lost more than half of their …
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Businessman pledges Dh10 million to help fund Dubai’s new cancer hospital
A grateful businessman has pledged Dh10 million for the construction of a pioneering Dubai cancer hospital to commemorate his wife’s own battle with the disease. Yaseen M Jaffer, chief executive of …
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Digital bank Zand set to launch after Dubai Bank acquisition
The shareholders of Zand, a digital bank that caters to retail and corporate clients, have acquired a majority stake in Dubai …
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UAE: New Dh50 polymer note is official currency; here are 13 features that make it special
The new Dh50 polymer banknote is an official currency, the UAE Central Bank said on Thursday. The banknote, released as part of UAE’s Year of the 50th celebrations, has been distributed to banks and …
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New Dhs50 polymer banknote is an official currency, says UAE top bank
The Central Bank of the United Arab Emirates (CBUAE) has announced that the new Dhs50 polymer banknote is an official currency and to be used alongside the paper banknote of the same value, currently …
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UAE: New Dh50 polymer banknote is now an official currency
The Central Bank of the United Arab Emirates (CBUAE) has announced that the new Dh50 polymer banknote is an official currency and to be used alongside the paper banknote of the same value, currently …
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Dubai ruler to pay £550m in UK’s ‘most expensive divorce’, had ‘targeted ex-wife with Pegasus’
Maktoum’s divorce settlement with Princess Haya includes payment of £251.5 million & a £290 million bank guarantee for annual payments.
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UAE: Expat wins Dh10 million in Mahzooz draw; has no plans to quit job
But when I opened the email and realised I had won Dh10 million, I was speechless. I had scored the winning goal of a lifetime! I closed and opened my Mahzooz app multiple times to confirm I actually …
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