The hiring outlook for the UAE’s banking and financial services industry is buoyant as it continues to recover from Covid-19 headwinds on the back of economic support measures including the Targeted …
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UAE Central Bank follows US Fed’s biggest interest rate hike since 1994 in attempt to rein in rising inflation
High inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation, the US central bank chairman Jerome Powell …
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UAE Central Bank follows US Fed’s biggest interest rate hike since 1994 in attempt to rein in rising inflation
High inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation, the US central bank chairman Jerome Powell …
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UAE Central Bank raises base rate by 75 basis points
The Central Bank of the UAE (CBUAE) has raised the base rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective Thursday, June 16, 2022. The decision was taken following …
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Dubai Seeks to Raise as Much as $454 Million From Tecom IPO
Dubai is seeking as much as $454 million from the initial public offering of business-park operator Tecom Group, forging ahead with the second listing this year in the government’s drive to deepen …
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UAE central bank increases base rate by 75 bps
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective from Thursday, 16 June 2022. This decision was …
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Dubai establishes Salik as public joint stock company ahead of potential IPO
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has issued a regulation to turn the emirate’s road toll operator Salik into a public joint stock company, ahead of its potential initial …
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Crypto hedge fund Three Arrows faces potential insolvency after liquidations: The Block
Cryptocurrency hedge fund Three Arrows Capital has incurred at least $400M in liquidations in a move that could lead to potential insolvency, according to three people familiar …
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Hedge Fund Three Arrows Capital Hit with Rumors Regarding “Liquiditation” – Report
Three Arrows Capital, Singapore/Dubai-based hedge fund that is invested in multiple blockchain firms, is fending off rumors of a possible liquidation event, …
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Cryptocurrency ‘bloodbath’ threatens multibillion-dollar hedge fund
With a net asset value of $18bn (£14.9bn) in its last public statement, the Singapore-based hedge fund was known for taking large highly … attributed to North Korean state-sponsored hackers. Zhu Su, …
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Working while studying in the UAE? Here is how you can open a student bank account
Dubai: Are you a university student working part-time? Or an international student liv If so, you may have felt the need to have a UAE-based bank account to ensure that you can complete financial …
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Mashreq launches digital-only bank for tech-savvy Gen Z
Mashreq, the Dubai lender controlled by the Al Ghurair family, launched a digital bank to cater to the UAE’s growing population of tech-savvy youths. The bank, called Neo NXT, will enable parents of …
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UAE plans to boost 2022 federal budget spending by $335m
The UAE is set to boost its 2022 federal budget spending by an additional AED1.23 billion ($335 million) and it estimates that revenues will be higher by AED374.98 million ($102 million), said the …
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UAE to increase budget spending by Dh1.23b in 2022
the introduction of some provisions regulating subjecting of government companies to the Public Finance Law, and the introduction of some provisions regulating the accounting standards approved for …
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UAE plans to increase 2022 federal budget spending by $334.9m
pic.twitter.com/q7nIHuAASE — المجلس الوطني الاتحادي (@fnc_uae) June 14, 2022 The FNC also approved a law to amend some provisions of Federal Decree Law 26 of 2019 in the matter of public finance. “The …
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UAE tops global list of more than 100 countries for overall business skills proficiency
The UAE has 642,000 Coursera learners with a median age of 34 years. Of them, 42 percent are women, and 44 percent are pursuing learning on mobile devices UAE tops global list of more than 100 …
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UAE: Monthly pension deduction rates may reach 50% for citizens, official says
Monthly deductions from pensions of retired senior UAE citizens might be increased to 50 per cent. A top government official has told the Federal National Council (FNC) that these deductions can be …
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