ADCB also announced that separate potential merger discussions have commenced with Al Hilal Bank PJSC (AHB) shareholders. The proposed merger, pending approvals by the banks’ boards of directors, shar…
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Three-way merger of UAE banks ‘credit positive’ for industry, says Moody’s
It would also contribute to consolidation of the “overbanked” UAE banking sector, the report added. Abu Dhabi Commercial Bank, the second largest lender in the emirate, said last week it is exploring …
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UAE banking system expands credit to 10 economic sectors
The UAE’s economic sectors have continued their growth since the start of the current year, according to a digital review of relevant indicators, which encouraged the banking system to fund the activi…
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New round of merger to create Dh415 billion bank
The prospects of a new cycle of bank mergers – the fourth round of consolidation in the UAE’s banking history – would be credit positive for the banking sector and serve to further consolidate the ove…
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Mashreq Becomes the First Private Bank in the UAE to Implement Solutions that Utilize Artificial Intelligence and Machine Learning
Virtusa Corporation VRTU, +0.23% a global provider of digital strategy, digital engineering, and IT outsourcing services that accelerates business outcomes for its clients, and Mashreq Bank, the leadi…
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Mashreq Becomes the First Private Bank in the #UAE to Implement Solutions that Utilize #AI Artificial Intelligence and Machine Learning
DUBAI, United Arab Emirates & SOUTHBOROUGH, Mass. – September 11, 2018 (Investorideas.com Newswire) Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, an…
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Huda Kattan ‘not interested’ in IPO for $1bn cosmetics firm
Speaking to Arabian Business, the founder and chairwoman of the Dubai-based company referenced the recent unsuccessful … Mona Kattan, co-founder and global president at Huda Beauty, also said an IPO …
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UAE Approves Plans to Regulate ICO Tokens as Securities
The UAE’s financial regulator is taking the final steps to regulate the way that blockchain start-ups are raising money, or ICOs, but has warned of the many risks involved. The watchdog is proposing a …
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Saudi Arabia leads Mena IPO activity in Q2
IPO activity was relatively slow in H1 2018 … Microsoft More from Khaleej Times Petrol prices in UAE to increase in September Video: Kochi airport resumes operations after 15 days 368 smart buses to …
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What a UAE bank merger might mean for consumers
The next bank merger in the UAE could see a tie-up between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. While analysts have said the move would be a boon for the corporate sector, …
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Are bank mergers good for UAE consumers?
The next bank merger in the UAE could see a tie-up between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. While analysts have said the move would be a boon for the corporate sector, …
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Dh10 million to be awarded to UAE savers
Official statistics indicate a decline in the amount of bank deposits made by UAE residents. As of the latest report, deposits from residents saw a monthly fall in May, although gross non-resident …
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UAE introduces framework for fintech pilot licences
The UAE’s minister of economy has issued a decree adopting a regulatory framework for financial technology (fintech) firms conducting operations under experimental licences. The decree …
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Hindujas eyeing UAE for global HQ, seek to acquire local bank
In the UAE, the group has diversified business interests ranging from petrochemicals, and finance to bus/truck manufacturing. In Ras Al Khaimah, the group’s Ashok Leyland operates a commercial vehicle …
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Leading Middle Eastern Fund Fights Flood of Money
… bank with a fund management arm in Dubai, United Arab Emirates. Since December of 2017, he has been the lead portfolio manager of the $350 million Arqaam Value fund (Arqaam means numbers in Arabic …
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Hinduja Group opens talks to pick up equity in UAE bank
“We had many options offered to us in the UAE financial services — we never know what will follow in your lap. You have to look for synergies, you have to do due diligence. The institutions we …
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Leaders UAE 2018 Preview: Document control can cut financial disputes
RELATED ARTICLES: In pictures: Speakers of Leaders in Construction UAE 2018 revealed | Leaders UAE 2018 Preview: ASGC’s Bishoy Azmy on tech and diversification | GCC construction leaders must learn fr…
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