FinTech industry veteran Jayesh Patel appointed CEO of Wio Wio granted UAE Central Bank license to establish fully digital bank in the UAE The next-generation digital banking platform set to …
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What Are The Minimum Wages In Dubai?
It enables companies to pay their employees through banks and other financial institutions; the central bank of UAE implemented this system to protect the people and the employees and secure their …
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UAE To Increase Emiratisation Rates In Private Sector
The UAE has adopted a new system to increase Emiratisation rates in the private sector annually to reach 10 per cent by 2026. “We have set a minimum Emiratisation percentage of 2 per cent annually …
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Dubai’s new Debt Management Office comes into being, will handle government financing, debt
New Dubai entity will handle all of the sovereign debt portfolio too Dubai: Dubai’s Department of Finance has formally launched the Debt Management Office to handle all of the government’s financing …
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Filipinos in UAE bank on ‘strong’ president to unite country
Citizens of the Philippines have said they backed a leader to build a strong economy, unite the country and continue the fight against drugs as the nation voted for a new president. Hundreds of voters …
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UAE Cabinet approves housing loan financing prgm. worth AED 11.5bn
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting, which was held at Qasr Al Watan Abu Dhabi.
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UAE’s Mashreq invests in local buy now, pay later start-up
United Arab Emirates buy now, pay later platform Cashew announced on Monday it had secured up to $10 million in debt and equity financing from local lender Mashreqbank PSC which would now help it …
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Abu Dhabi’s ADC Acquisition Corp. to launch UAE’s first SPAC public offer on May 12
Offer for ADC’s shares run until May 19 and will be listed on ADX Dubai: The UAE’s first SPAC (Special Purpose Acquisition Company) will launch its public offer on May 12, offering 36.7 million …
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DEWA IPO to become largest IPO in the UAE and the largest in the Europe, Middle East and Africa region so far in 2022
DEWA IPO to become largest IPO in the UAE and the largest in the Europe, Middle East and Africa region so far in 2022 DEWA IPO becomes second largest in the history of the Middle East, raising AED …
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UAE credit demand and supply remain on the rise: Central Bank
Banks are fuelling credit growth as UAE economy ticks along nicely The latest UAE Central Bank credit sentiment survey offers good tidings for banks and their clients, business and individual.
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From IT professional to one of world’s richest. Now bankers want to join in
In the shadow of Dubai’s sail-shaped Burj Al Arab hotel, crypto executives rubbed shoulders with Emirati royals, Wall Street bankers and Instagram influencers. The festivities in late March were …
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UAE Central Bank follows US Fed move to raise interest rates in effort to curb inflation
Inflation is much too high and we understand the hardship it is causing, and we’re moving expeditiously to bring it back down, the US Federal Reserve Chair said UAE Central Bank follows US Fed move to …
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LIC’s IPO oversubscribed in two days
India’s $2.7 billion initial public offering of insurance giant LIC was oversubscribed by Thursday, exchange data showed, as small investors bid enthusiastically for the country’s biggest IPO to date.
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Arabian Travel Market to open next week in Dubai
Industry professionals will have the opportunity to meet and discuss the latest trends from a cross-section of travel, including technology, transport, sustainability, events and business.
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Dubai one of the most livable expat cities in the world, expert says
In the InterNations study’s ‘Finance and housing’ index, Dubai received mixed results. Of those surveyed, 86 per cent said it’s easy to find housing in the emirate, however 41 per cent consider it …
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UAE Central Bank increases interest rate: How will it affect residents?
In line with the US Federal Reserve’s move, the Central Bank of the by 50 basis points to 2.25 per cent effective from Thursday. Twelve major central banks of emerging and developed markets raised …
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Why API technology is key to tackling financial crime in the UAE
While the UAE’s push to tackle financial crime focuses on regulation, it also provides an opportunity for banks to digitalise and improve their offerings such as adopting APIs that support compliance …
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