RELATED: UAE Cabinet approves use of crowdfunding for public and private sectors The UAE’s decision to permit the listing of co-operative societies on the country’s capital markets will widen the pool …
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UAE to revise service fee structures across ministries and federal bodies
The UAE’s Ministry of Finance is revising the service fee structures across all ministries and federal bodies with the aim of boosting the business environment, bolstering the economy and attracting …
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UBF’s CEOs’ council discusses latest developments on banking fronts
UAE Banks Federation’s CEOs’ Advisory Council held on Tuesday its first meeting of the year 2022, with all Council members joining in virtually. Reflecting the tight collaboration that exists between …
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Nahdi Medical Co trades up 15% after IPO
Saudi pharmacy chain Nahdi has started trading on the Tadawul following the largest IPO in the Kingdom since December 2019 …
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Plastics venture Borouge meets potential IPO investors, bankers say
DUBAI, March 22 (Reuters) – Borouge, a plastics joint venture between Abu Dhabi National Oil Co (ADNOC) and Austria’s Borealis, held its first meetings with investors to gauge interest in its planned …
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Dubai cashes in as Russian bankers move to the Gulf
Dubai warms to Moscow’s money while the UK’s relationship with the city state chills in the wake of Putin’s war …
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DEWA IPO: Retail investor interest for mega-IPO already at a peak ahead of Mar. 24 opening
Dubai: Participating banks in the UAE are all set to hit the ‘Send’ button releasing funds that would allow their accountholders to subscribe to the DEWA IPO, which opens Marc …
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UAE Cabinet adopts new laws on worker’s rights in the private sector, gender parity, and child protection
The Cabinet also approved a decision to establish the “Collective Labour Disputes Committee”, chaired by Dr Abdulrahman Al Awar, the Minister of Human Resources and Emiratisation UAE Cabinet adopts …
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How Many Adib Branches In Uae?
With more than 60 branches, ADIB has one of the largest distribution networks in the UAE. Egypt, the Kingdom of Saudi Arabia, the United Kingdom, Qatar, Sudan, and Iraq are among the 6 strategic …
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10 Fintech Startups to take part in the CATAPULT: Inclusion Africa Special Edition in Dubai, LHoFT
LHoFT Foundation selects two Ugandan startups selected to take part in the 2022 edition of the CATAPULT: Inclusion Africa: Special Edition in Dubai.
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United Arab Emirates Fuel Station Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)
The United Arab Emirates fuel station market is expected to register a CAGR of 2. 3% during the forecast period of 2022-2027. The production of refined products is expected to reach 1,165. 2 thousand …
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UAE asset manager buys majority stake in fintech firm
Dubai-headquartered asset management and investment banking platform Shuaa Capital has acquired a majority stake in UAE-based fintech Souqalmal for an undisclosed sum. The deal will provide the …
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UAE schools run financial literacy workshops during Global Money Week
Payments technology company Visa and children’s money management application Cashee are launching educational workshops in UAE schools to coincide with Global Money Week that runs from March 21 to 27.
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Finastra and Union of Arab Banks to accelerate digital banking together
Finastra today announced its collaboration with Union of Arab Banks to help banks across the Arab League member states offer enhanced digital services to their customers. The partnership combines …
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UAE: Gold prices to not drop too much ahead of Ramadan if no end in sight for Ukraine crisis
Gold prices fell 3.5 per cent last week; analysts see it steadying in the days ahead. Dubai: Gold prices rose on Monday after last recording their worst week since late November, as safe-haven demand …
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How Dewa IPO paves the way for more energy listings in the Gulf
Until recently, it was one of the Gulf region’s paradoxes that domestic equity investors had little access to its colossal oil and gas resources. At the same time, a decade of dismal underperformance …
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UAE – What is Fatca
Including China, 113 jurisdictions have signed the IGA to comply with Fatca, and the UAE is one of them. Fatca in UAE The UAE signed IGA with the US government (US-UAE IGA) on June 17, 2015. Being a …
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