Tag: banking

Tarabut Gateway, the operator of an ‘open banking’ platform, has launched operations in the UAE, with offices at Hub71 in Abu Dhabi and DIFC’s Fintech Hive. Tarabut Gateway already has offices in …
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Tarabut Gateway, the MENA region’s first and largest regulated open banking platform, has launched in the UAE. The company has simultaneously opened two new offices; one each at Abu Dhabi’s global …
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The six-member Gulf Cooperation Council faces a steep economic contraction this year before partially rebounding in 2021, with most countries facing sharper declines than previously estimated, a …
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The UAE Central Bank on Monday said it imposed administrative sanctions on two exchange houses for violating rules pertaining to anti-money laundering and combating financing of terrorism and illegal …
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(Bloomberg) — Aldar Properties PJSC became the biggest listed developer in the United Arab Emirates after its shares rose the most in six years on the back of a deal with a state-owned entity in Abu …
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First Abu Dhabi Bank , the United Arab Emirates’ biggest lender, reported a 19% fall in quarterly profit on Monday, dragged down by a double-digit drop in net interest income and higher …
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The Commercial Bank of Dubai has made a return to the capital markets for the first time since 2015, through a Dh600 million six-year bond issue. More than 100 investors participated in the offer, …
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The UAE’s First Abu Dhabi Bank (FAB) secured the first spot regionally and the 32nd spot globally in Global Finance’ ranking …
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Step forward alternative finance. Simply put … A deal which Shuaa completed in Dubai’s hospitality sector is a case in point. With a project already 85 per cent complete, the developer …
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Saudi Telecom Co (STC) has hired banks to arrange a potential initial sale of shares in its product and services development arm, Solutions by STC, three sources familiar with the matter told Reuters.
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As global markets anticipate a highly contested US election little over a week away, investors will meanwhile await any new hints this week on who will likely win the presidency of a key economy. With …
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The OPEC Fund for International Development, OFID, and the West African Development Bank, BOAD, have signed a Framework Agreement to further strengthen their development cooperation in the member …
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The Israeli delegation features 13 CEOs currently heading leading Israeli technology companies in the fields of cyber, finance, insurance and food.
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Saudi Telecom Co (STC) has hired banks to arrange a potential initial sale of shares in its products and services development arm, Solutions by STC, three sources familiar with the matter told Reuters …
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The listing of BinDawood is a case study of the critical role private equity firms may add to the readiness phase prior to any IPO …
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The United Arab Emirates is folding its Insurance Authority under the central bank and moving some of the stock market regulator’s powers to exchanges to help boost the economy’s competitiveness. Load …
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Dubai: The third quarter 2020 bank results point to sharp decline in profits of UAE banks largely resulting from rise in provisions against bad loans. The pattern has been broadly same for both …
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