Ras Al Khaimah; United Arab Emirates:“Aafaq Islamic Finance” announced its participation in the fourth edition of the Ras Al Khaimah Happiness Festival 2022, which is held by the Ras Al …
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UAE – Oil majors face backlash as era of big profits returns
The opposition Labour Party said it was not enough. Finance minister Rishi Sunak’s“energy plans last week left families more worried than ever,” tweeted Labour shadow minister Rachel Reeves …
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Etisalat, ADQ, Alpha Dhabi and FAB to launch UAE-based digital bank ‘Wio’
With its headquarters in Abu Dhabi, Wio will enhance the capital’s growing reputation as a global financial services centre at the leading edge of digital banking. The total invested capital in Wio is …
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Erdogan’s visit set to boost UAE-Turkey ties
Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Ankara in November, during which several agreements in the fields of finance, banking, shipping, energy and …
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UAE – Turkey gold conversion plan faltering
When Turkish finance minister Nureddin Nebati this week announced plans to encourage households to convert their gold holdings into Turkish liras in a bid to shore up Turkish central bank …
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Increased Turkey, UAE collaboration to benefit region: Erdoğan
“In addition to energy, health, agriculture, logistics, infrastructure, finance and tourism, we aim to advance cooperation between Turkey and the UAE on climate change, water and food security as well …
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Abu Dhabi Ports shares surge 15% in debut after raising $1.1 billion in latest UAE IPO
Shares in Abu Dhabi Ports Group surged 15% on its debut on Tuesday, after raising 4 billion dirhams ($1.1 billion) in a share sale, marking the first in a series of highly anticipated listings for the …
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Who brought slavery to the UAE?
The UAE taught us that there is nothing more valuable than human life. Human life is much more valuable than all material goods, finance, rules and regulations. Why is it mandatory for financial …
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CT in UAE Part-2: Detailed laws awaited for key issues on Free Zones
Ministry of Finance (MoF) has stated that further information on CT will … do not conduct business with mainland UAE, will be honoured. a) Whether the technical disqualification i.e. conducting …
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UAE – Anil Ambani banned by Indian regulator from stock market until further notice
Stock market regulator Securities and Exchange Board of India (SEBI) restrained Reliance Home Finance, its promotor Anil Ambani and three others from buying, selling or dealing in securities …
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UAE’s Central Bank Gives Green Light to Launch Digital Bank
The Central Bank of the United Arab Emirates has given the green light to a new digital banking platform known as “Wio” and backed by state holding company ADQ. The bank will soon launch a beta …
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UAE – Adnoc Drilling announces 2021 net income of $604m
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology … in the company’s journey since its record-breaking IPO on ADX. The strong full year results and successful strategic …
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UAE ranked world’s most supportive entrepreneurship environment: GEM Report
The UAE was ranked top in the world in the 2021/2022 Global Entrepreneurship … their share and contribution to the overall gross domestic product (GDP). Access to finance Despite the progress made, …
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EFG Hermes completes advisory on Macro Group’s $83m IPO
The IPO was recently listed on the Egyptian Exchange … Read: EFG Hermes advises TPG’s Evercare Group on $72.4m IDC deal Earlier this week, UAE lender First Abu Dhabi Bank made a non-binding …
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UAE ranks first in Global Entrepreneurship Index 2022
The UAE was the only country in the world participating in the report that achieved sufficient score or more on all axes such as Entrepreneurial Finance; Ease of Access to Entrepreneurial Finance; …
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EFG Hermes completes advisory on Macro Group’s $82mln IPO
EFG Hermes’ investment banking division acted as the sole global coordinator and joint bookrunner for the IPO. Last year, the division served as joint bookrunner on the listings of UAE companies …
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UAE ranks 1st in Global Entrepreneurship Index 2022
The UAE was the only country in the world participating in the report that achieved sufficient score or more on all axes such as Entrepreneurial Finance; Ease of Access to Entrepreneurial Finance; …
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