Dubai: Commercial Bank International has laid claim to be the first bank in the UAE to have ‘land’ on the Metaverse. It has opened up a presence in Decentraland, a blockchain-based ecosystem. “To keep …
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Investors Flock To Gulf IPOs
A spate of initial public offerings (IPOs) among the Gulf Cooperation Council (GCC) countries has attracted international investors seeking refuge from global markets battered by Russia’s invasion of …
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The missing founders of bankrupt crypto fund Three Arrows are reportedly setting up shop in Dubai
“We feel that it’s just the interest for everyone if we can be physically secured and keep a low profile,” one of the founders told Bloomberg.
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Golden chance for Indian expats to earn more in non-resident bank accounts
Dubai: Non-resident Indians (NRIs) can now earn more from their deposits in certain non-resident Indian bank accounts. This was after the Indian central bank removed the cap on how much interest rates …
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What you need to know about UBA Dubai operations
UBA had extended its operations to the United Arab Emirates with the official launch of its new branch at the Dubai International Financial Centre (DIFC). UBA, which is known as Africa’s global bank, …
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Indian expats: Earn more from deposits made in non-resident bank accounts till end of October
Dubai: Non-resident Indians (NRIs) can now earn more from their deposits in certain non-resident Indian bank accounts. This was after the Indian central bank removed the cap on how much interest rates …
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Three Arrows founders, en route to Dubai, describe ‘Long Term Capital moment’
After 5 weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion of their once high-flying hedge fund, saying their bungled crypto speculation …
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UAE Glucometers Market 2022-2027: Rise in Demand for Non-Invasive Blood Glucose Meters Presents Opportunities – ResearchAndMarkets.com
UAE glucometers market is estimated to grow at a formidable CAGR during the forecast period. The market growth can be attributed to the rising incidences of diabetes and growing awareness among the …
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UAE Lamprell bidders extend $145mln financing, agree to make takeover offer
A consortium of potential buyers has provided a loan to the cash-strapped UAE-based oil rig builder Lamprell Plc that … 28 days from today–also include a $145 million secured bridge finance …
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UAE to support international efforts to curb spread of Covid-19
Al Hashimy participated in the Virtual Covid-19 Global Action Plan Foreign Ministerial Meeting, organised by Japan and the United States, with more than 30 countries and a number of specialist …
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UAE economy to grow at fastest rate in years on rising oil production
The UAE economy is set to grow at its fastest pace in years on the back of higher oil production and commitment to expand its manufacturing sector, according to the central bank. The country’s overall …
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United Bank for Africa Group expands to EMEA
(Executive Director, Treasury and International Banking, United Bank for Africa (UBA), Mr. Ndubisi Chiugo; Chief Executive Officer, Dubai International Financial Centre (DIFC) Authority, Prince Arif …
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Startup Spotlight: Predixa Is Helping Companies Across The UAE Unlock The Financial Value Of Diversity, Equity, And Inclusion
Helping companies realize the social, as well as financial value associated with achieving diversity, equity, and inclusion forms the crux of Predixa’s mission.
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Navya Raises €36m in Convertible Bonds With Stock Acquisition Rights to Finance Its Growth and Large-Scale Industrialization
NAVYA (Paris:NAVYA) (FR0013018041- Navya), an autonomous mobility systems leader, announced the signing of a funding agreement on July 20th with the Negma Group for a total nominal amount of €36 …
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France, United Arab Emirates sign deal on energy cooperation
France and the United Arab Emirates have signed an agreement on energy cooperation to ensure oil and gas supplies from the Gulf country …
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Branch-less banking is here to stay, according to this Dubai bank
With the rise of banking apps, it’s clear that in-person visits to the bank for everyday transactions are largely a thing of the past. Many millennials will tell you the only bank they need is the one …
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Pakistani rupee hits new all-time low against UAE dirham; will it fall further?
The Pakistani rupee’s free-fall continued on Wednesday, plunging below an all-time low of 61 against the UAE dirham due to political turmoil in the South Asian country. The rupee has been consistently …
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