In Asia, investors seem reassured by Fed chief Powell’s take on rate hike Dubai: Oil prices are inching closer to $120 a barrel as markets fixate on whether there will be enough supply coming to feed …
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UAE set to create 5,000 jobs for Emiratis in banking by 2026
The Central Bank of the UAE (CBUAE) has approved the Emiratisation of managerial positions in the banking and insurance sectors, with plans to create 5,000 new jobs by the end of 2026, in coordination …
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UAE: 5,000 jobs in banking, insurance to be created by 2026
The board of the Central Bank of the UAE approved the Emiratisation of managerial positions in the banking and insurance sectors, by approving the creation of 5,000 new jobs by the end of 2026. This …
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Central Bank approves creation of 5,000 jobs for UAE nationals in banking, insurance sectors by 2026
The board approved the Emiratisation of managerial positions in the banking and insurance sectors in coordination with the Emirates Institute for Banking and …
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Here’s how UAE banks can protect real-time payments from fraud
Jeremy Wilmot, chief product officer at ACI Worldwide tells Gulf Business how the company is preparing to help UAE banks connect to the nation’s central real-time payments infrastructure …
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Dubai’s Shuaa Capital looks to raise $100m from Nasdaq IPO of SPAC
The SPAC will focus on identifying and merging with a technology or tech-enabled financial services business MENAT region.
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Dubai: New end-of-service savings scheme for expats announced
It will be headed by the General Secretariat of the Executive Council, and members include the Department of Finance, Dubai Government Human Resources Department, Government of Dubai Legal Affairs …
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UAE: What are the risks of purchasing an off-plan property?
Another reward of buying a property off-plan is that you might get the opportunity to influence the inside of the house, by choosing your own fixtures, fittings and finishes. If y …
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5,000 jobs to UAE nationals to be created in banking, insurance sectors by 2026
The board also approved an amendment to notifications regarding maximum fee limits Abu Dhabi: As many as 5,000 new managerial jobs for Emiratis will be created in the banking and insurance sectors by …
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5,000 new jobs for Emiratis in banking and insurance by 2026
The Central Bank has approved the creation of 5,000 jobs for UAE citizens in the banking and insurance sectors under its Emiratisation programme.The jobs, approved by Sheikh Mansour bin Zayed, Deputy …
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Dubai Islamic Bank shareholders approve $490m in dividend payments for 2021
The shareholders of Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, approved Dh1.8 billion ($490 million) in dividend payments for 2021 following the bank’s strong performance …
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Dubai’s SHUAA partners Acquisition Corp I prices downsized $100M IPO
The company has downsized IPO by $100M, originally it intended to raise $200M by issuing 20M units. The units are expected to be listed on the NASDAQ today. Each unit consists of one Class A …
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UAE – Yahsat revenue reaches AED452.7 million in 2021
It reported revenues of AED452.7 million [$123.3 million], exceeding the prior year by 7.9 percent, leading to full-year revenue of just under AED1.50 billion [$408 million], marginally up …
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UAE’s Mashreqbank halts Russian bank loans over credit concerns -sources
Dubai’s Mashreqbank has stopped lending to Russian banks and is reviewing its existing exposure to the country as a result of heightened risks following Moscow’s invasion of Ukraine, two sources …
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UAE: Man ordered to pay Dh3.3 million after defrauding illiterate woman
A real estate agent, who took advantage of an illiterate woman to sell her villa and take all the cash has been instructed to pay the woman Dh3.3 million. The Abu Dhabi Court for Family and Civil …
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UAE FinTech start-up Alaan raises $2.5m
Dubai-based FinTech start-up Alaan raised $2.5 million in a new investment round as the company announced it is coming out of the stealth mode. The multi-currency spend management platform said it …
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Axis loans banker jumps to Mashreqbank
Before joining Mashreq, Subba was an assistant vice president at Axis Bank’s Mumbai-based syndication team. He started his banking career with the Indian lender and stayed there for nearly eight years …
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