An Ariel view of Abu Dhabi skyline. The UAE banking sector is fully prepared to support the UAE economy form the potential adverse impact of coronavirus (COVID-19), said Abdul Aziz Al Ghurair, …
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UAE Central Bank urges lenders to support SMEs and individuals as it disburses Dh10bn of zero interest loans
The UAE Central Bank urged lenders to support the private sector and individual borrowers to cushion the impact of Covid-19, and disbursed Dh10 billion worth of zero interest loans to banks from the …
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Combating coronavirus: UAE Central Bank urges banks to support private sector corporates, SMEs, individuals
The Governor of the Central Bank of the UAE (CBUAE), Abdulhamid Saeed, held his first meeting with CEOs of banks operating in the country to emphasise the systemic significance of extending support to …
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UAE Central Bank urges banks to help private companies, SMEs, individuals
The Central Bank of the UAE (CBUAE) has urged banks to support private sector corporates, SMEs and individuals affected by the coronavirus pandemic. At a meeting with the CEOs of banks operating in …
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The Debt Panel: ‘Will my cheques bounce if the bank freezes my account when I swap jobs?’
In addition, I also pay around Dh10,000 per year for my kids’ education as my employer covers up to Dh60,000 per year. I am from Tunisia and live in Dubai. How do I get around this bank freezing issue …
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UAE central bank’s foreign assets up 11% in July
UAE – Total foreign assets of the Central Bank of the UAE (CBUAE) rose by 11.1% year-on-year or AED 37 billion in at the end of July, a survey conducted by Mubasher showed. The bank’s foreign assets …
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Noor Bank collaborates with Unionpay international to launch EMVCo QR-based mobile payment solution
Dubai-UAE: Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has partnered with UnionPay International, the world’s largest payment scheme, to inaugurate the bank’s first and only …
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National Bank of Bahrain still weighing up Bahrain Islamic offer
Union National Bank and Al Hilal Bank in the UAE. Dubai Islamic Bank, the biggest Sharia-compliant lender in the country, is in the process of taking over its smaller rival Noor Bank, while National …
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Thushar Vellapally arrested in UAE
A bank cheque was given to Nazil to settle this. The case relates to this cheque which had not mentioned a date. Though Keralite lawyers in UAE and social activists in the country intervened for …
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Invest Bank resumes trading on ADX
Omran Abdullah Omran Taryam, Vice Chairman of the Bank welcomed the Government of Sharjah as a strategic shareholder, saying, “As a proven and dynamic investor in the UAE banking sector, the …
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Beijing’s Belt and Road plans could boost the Islamic banking sector
“The Belt and Road is about supporting infrastructure development and economic growth,” said Adnan Chilwan, chief executive of Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, …
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UAE’s AI Minister to inaugurate Artelligence Forum in Dubai
head of Applied Sciences Business Integration – Lloyds Banking Group (UK); along with expected participation from the Prime Minister’s Office, Telecommunications Regulatory Authority, Ministry of …
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Dubai-listed BLME buys $32.6m Edinburgh office building
Abu Dhabi Islamic Bank in the UK (ADIB UK) has provided financing for the Bank of London and the Middle East (BLME), to buy a AED120 million ($32.6m) Grade A office building in Scotland. The Foster …
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Narendra Modi’s economic agenda in upcoming France, UAE, Bahrain’s visit
He will also receive the ‘Order of Zayed’, the highest civilian decoration conferred by the UAE government, during this visit. Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C …
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Dubai’s Averda in talks about IPO on London Stock Exchange
Dubai-based Averda International is conducting preliminary talks with banks about a potential initial public offering (IPO) on the London Stock Exchange (LSE), which could value it at up to $700 …
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Ministry of Finance declare Cabinet amendment on excise tax
The Ministry of Finance has examined the economic and social impact of excise tax, since it was first launched in the UAE in 2017, and has seen a positive impact in reducing the consumption of the …
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Dubai’s Averda International considering potential IPO – sources
Dubai-based Averda International, one of the largest waste management firms in the Middle East and North Africa, is in early discussions with banks about a potential IPO which could value it at up …
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