Amid this more difficult climate, the aggregator site and its rival Souqalmal are an example of the changing personal finance landscape in the UAE and wider Gulf region, with technology playing a larger role than ever before. Where once applying for an …
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UAE- Why the Blackstone trade idea was a winner
I had declined Morgan Stanley’s offer of dinner with founder Steve Schwarzman when I was the CIO of a royal investment office in Dubai during the June 2007 IPO of Blackstone. I thought the shares were grossly overvalued and refused to bid. The biggest …
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UAE- Financial inclusion is key to development
(MENAFN – Khaleej Times) Financial inclusion development has a socio-economic and environmental impact . April 27th was declared the Arab Day of Financial Inclusion by the Council of Arab Central Banks in 2016. This day is important for the financial …
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Bank loans must be repaid even if you lose your job
Just last month, my company terminated about 200 staff members and more terminations are expected. I currently have a loan with a UAE bank that is to be repaid in 47 months. If my company terminates me, is there any way legally to put the payments on hold.
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OT Provides Instant Card Issuance for Mashreq Bank in UAE
COLOMBES, France–(BUSINESS WIRE)– OT (Oberthur Technologies), a leading global provider of embedded security software products, services and solutions and a forerunner in the payment sector, has been selected by Mashreq Bank to deploy Instant Card …
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Dubai bank first in world to pilot sign language technology
Dubai-based Emirates NBD has become the first bank in the world to pilot KinTrans, a technology that enables easy two-way communication between sign language communicators with hearing disabilities, and people who use spoken languages. The bank said in a …
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Emicool’s IPO likely to take place this year, says Union Properties chairman
The owners of Emicool plan to sell a 30 per cent stake in the district cooling company through an eventual IPO. Joint owners Union Properties and Dubai Investments each plan to sell 15 per cent of district cooling company Emicool by the end of this year …
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Emirates NBD Group becomes official banking partner for Expo 2020 Dubai
Emirates NBD, a leading banking group in the region, has signed a Premier Partnership agreement with Expo 2020 Dubai to become its Official Banking Partner. The partnership marks Emirates NBD’s long-term commitment to supporting the growth and …
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Egypt seeks advisers for IPO programme aimed at boosting revenue
Dubai: Egyptian authorities are in talks with local and international … Egypt has already hired HSBC and EFG-Hermes to advise on the planned IPO of state-owned lender Banque du Caire, while officials have said the program would also include oil companies.
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ENBD becomes banking partner for Expo 2020
Emirates NBD (ENBD), a leading banking group in the region, has signed a premier partnership agreement with Expo 2020 Dubai to become its official banking partner. The partnership agreement was signed by Sheikh Ahmed bin Saeed Al Maktoum, chairman of the …
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To celebrate Mashreq Bank’s 50 year anniversary
Mashreq Bank, the oldest privately owned bank in the UAE, is celebrating its 50 year anniversary alongside the local community. In association with Goumbook, the leading social enterprise promoting sustainability in the UAE, senior executives from the bank …
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Some UAE banks temporarily cut loan interest rates
One bank announced last week its “personal finance sale,” offering UAE residents a chance to borrow money at less than 3 per cent annual interest. The attractive rates, however, are being offered at a very limited period and soon, borrowers may find it …
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UAE- Can we expect more GCC IPOs soon?
For example, the #UAE circulated new draft IPO regulations for feedback from stakeholders, setting requirements increasingly in line with international exchanges. Changes for the better Saudi Arabia’s Capital Market Authority (CMA) announced a number of …
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Guy Hands’ Terra Firma sells aircraft leasing investment to Dubai-based rival
Private equity baron Guy Hands has sold an aircraft leasing business his hedge fund Terra Firma has co-owned for more than … (CPPIB), has sold the Dublin-based aircraft lessor Awas to Dubai Aerospace Enterprise, the largest aircraft lessor in the …
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Dubai-based ADES International plans to raise £133m for IPO as it seeks to ramp up expansion plans
Oilfield services company ADES International announced today it is planning to raise up to $170m (£133m) when it floats on the London Stock Exchange next month. The company has set a guidance price of $16.50 to $19.60 (£12.90 to £18.10) per share and is …
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UAE metal shines in tough business climate
With the UAE’s steel industry poised for further growth in 2017 … launched its operations in Abu Dhabi in the midst of the financial crash. Despite the lack of demand and a significant drop in prices in the sector, the firm set out to supply the …
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New global fund to raise $300 million for digital currency investments
Alphabit is registered in Dubai and the Cayman Islands. Fees include 2.5 percent for management and 45 percent for performance. The latter will only apply if the fund outperforms the price of bitcoin, said Robertson, a former currency trader at hedge fund …
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