Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, has launched its first Application Programming Interface (API) developer portal, allowing fintech developers to use Adib APIs.
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Dubai fund manager Shuaa buys out Allianz Marine and Logistics Services after $160m NBF loan
Shuaa goes for leveraged buyout of Allianz, one of region’s bigger marine services firms Dubai: Dubai fund manager fancies its prospects in the maritime space, having completed the leveraged buyout of …
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CBUAE Imposes Administrative, Financial Sanctions On Finance Company Operating In The Country
The Central Bank of the UAE (CBUAE) imposed administrative and financial sanctions on a Finance Company operating in the UAE, pursuant to the Decretal Federal Law No.14 of 2018 regarding the Central …
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UAE: Central Bank Fines Financial Firm For Violating Laws
The Central Bank of the UAE (CBUAE) on Tuesday imposed administrative and financial sanctions on a finance company operating in the UAE for not adhering to the rules and regulations of the regulator.
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Dubai’s Book-Shaped Library Opens To Public On June 16: Will Entry Be Free?
The book-shaped Mohammed bin Rashid Library (MBRL) on the Dubai Creek bank was inaugurated by the UAE Vice-President on Monday evening. The stunning Dh1-billion cultural destination will, however, …
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UAE financial services company fined by Central Bank for non-submission of audited financials by deadline
Dubai: A financial services company in the UAE has been hit with a fine by the central bank for non-submission of audited financial statements within a set deadline. The company, …
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Dubai Government transactions can now be paid by debit cards
The Dubai Government’s Department of Finance (DoF) said that customers with all government entities can benefit from the development in paying transaction fees with direct debit cards linked to their …
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Gold in UAE: Do I buy or hold? Prices seen dropping as inflation runs hot globally
In the UAE, the cost of 24-karat gold was at … US consumer prices accelerated in May, suggesting that the country’s central bank could continue with its 50-basis-point interest rate hikes …
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DIB Bank opens another branch in Nairobi CBD
DIB Bank Kenya Limited has today opened a new branch at JKUAT Towers along Banda Street in Nairobi bringing services closer to customers in the Nairobi Central Business District (CBD).
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Philippines, UAE boost economic cooperation
THE Philippines and the United Arab Emirates (UAE) signed an investment promotion and protection agreement (IPPA) on Thursday in Dubai.According to Trade Secretary Ramon Lopez …
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UAE Ramps Up Extradition Pacts in Bid to Fight Dirty Money
The United Arab Emirates expects to sign seven extradition agreements with countries around the world this year, underscoring a push by officials to cleanse the country’s image since a March …
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Intelligent EV Company NWTN Announced to Establish Its Manufacturing Base in the UAE
DUBAI, UAE / ACCESSWIRE / June 10, 2022 / The intelligent electric vehicle (EV) company NWTN announced its partnership with Sultan Investments in establishing an EV SKD assembly base in Khalifa …
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UAE: Reader complains against bank charges of Dh2,700 for a dormant account
From Ms Junniffer Binas Dubai The management of ADCB responds … that the customer is holding a current account with the Bank since April 11, 2017 and has been getting levied with the monthly …
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UAE: Why do banks check your bank balance when applying for a mortgage?
Here’s why you need to show some savings when applying for a home loan in the UAE Get Breaking News Alerts From Gulf News We’ll send you latest news updates through the day. You can manage them any …
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UAE wealth fund ADIA takes 20% stake in Indian home finance firm
A wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, has taken a 20 percent stake in an Indian home finance company for an investment …
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HSBC boosts Saudi investment banking team amid flurry of deals
HSBC Holdings has hired at least five bankers in Saudi Arabia in recent months and moved one of its Dubai-based managing directors to Riyadh to help handle a surge in dealmaking activity in the …
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UAE tops rankings in Arab world for foreign direct investments (FDI)
Global FDI was up 64 percent last year but could fall this year or remain flat at best says new report UAE tops rankings in Arab world for foreign direct investments (FDI) Arab world, FDI in UAE, FDI …
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