The finance ministers and central bank governors of the G20 group of the world’s largest economies started on Wednesday a virtual meeting to further address the global challenges presented by the …
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Dubai Weighs Bond and Emirates Loans as Virus Hits Economy
Dubai is in talks with bankers about shoring up its finances and the emirate’s flag carrier is mulling billions of dollars of loans, as the coronavirus pandemic hammers the economy.The government is …
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UAE Reduces Service Fees to Support Economy
Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. The Most Important Ages for Retirement …
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G20 countries agree debt freeze for world’s poorest countries
DUBAI/RIYADH/WASHINGTON – Finance officials from the Group of 20 major economies … Private creditors will join the debt relief effort on a voluntary basis, said the International Institute of …
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H.E. Obaid Humaid Al Tayer participates in second regular meeting for G20 Finance Ministers and Central Bank Governors
H.E. Obaid Humaid Al Tayer stressed the UAE’s keenness to support all international efforts aimed at facing the … Abu Dhabi: H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, …
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NMC creditor files criminal complaint
Most of them are no longer believed to be in the UAE. The bank, the people added … It received a major investment from Emiratis Saeed al-Qebaisi and Khalifa al-Muhairi in 2011 ahead of its initial …
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G20 agrees debt freeze for world’s poorest countries
Finance officials from the Group of 20 major economies agreed on Wednesday to suspend debt service payments for the world’s poorest countries from May 1 until …
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UAE Tire Market, by Vehicle Type , By Radial vs Bias, By Sales Channel, By Region, Competition, Forecast & Opportunities, 2025
Reportlinker.com announces the release of the report “UAE Tire Market, by Vehicle Type , By Radial vs Bias, By Sales Channel, By Region,.
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Saudi Aramco in talks with banks to borrow about $10bln: sources
DUBAI/LONDON: Saudi Aramco, the world’s largest oil producer … Aramco’s shares closed at $31.10 on Tuesday, below the $32 price of its IPO late last year that initially raised $25.6 billion and …
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Exclusive: Saudi Aramco in talks with banks to borrow about $10 billion – sources
Saudi Aramco, the world’s largest oil producer, is in early talks with banks for a loan of about $10 billion to help finance its acquisition of a 70% stake in Saudi Basic Industries Corp (SABIC), …
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Covid-19 may hit UAE businesses badly, say top finance heads
From those in the region, this is especially true for the UAE (92%), it stated. The survey puts spotlight on the region’s CFOs and finance executives and how they plan to react to the Covid-19 …
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The reopening of Wuhan offers hope to the world, say UAE’s China ambassador
The economy in China, just like in the UAE, has faced challenges, however a pro-active approach has mitigated against economic impact. Effective fiscal methods implemented by the Chinese Ministry of …
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COVID-19: Spanish Ambassador to the UAE explains how his country is combating against coronavirus
Image Credit: Dubai: Spain’s fight against coronavirus is making progress as the pandemic … it is very important to succeed in adopting a coordinated and solidary response to the crisis. The EU …
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French economy to contract 8% this year – finance minister
PARIS – The French economy is expected to contract 8% this year, the finance minister said on Monday, revising the governments outlook for the second time in a week. “We will have a growth forecast of …
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Covid-19 crisis: Time for Emirates airline to think again about a trip to the stock market
“Dubai Express!” I said excitedly. “That sounds like a post office,” he said … This subject has been rumoured and denied for the last 15 years – ironically since Arabian Business first called on the …
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Saudi Arabia May Tap Debt Market as Oil Output Cuts Hit Revenues: Sources
DUBAI (Reuters) – Saudi Arabia is likely to sell new international bonds soon as … “It is essential to keep this money in the local economy to maintain banking system stability. The Aramco IPO …
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UAE indexes lead global rally as spread of Covid-19 slows
The Dubai Financial Market jumped 5.54 per cent to 1,785 points … Saudi Aramco edged up 0.2 per cent to 32 riyals, hitting its IPO price. The Bahrain market edged up 0.2 per cent to 1,313 points, …
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