The balance sheet of the Central Bank of the UAE rose to Dh495.54 billion in July, a year-on-year increase of 4.2 percent or Dh19.93 billion, compared with..
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Dubai slaps $2mn fine on KPMG over Abraaj audit, refers case to Financial Markets Tribunal
Both KPMG LLP and Navalkar denied the DFSA’s allegations and have applied for review of the decisions to the Financial Markets Tribunal (FMT) Dubai slaps $2mn fine on KPMG over Abraaj audit, refers …
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UAE extends National ICV Program to Ras Al Khaimah and Fujairah to support local companies
Agreements signed in the presence of His Excellency Dr. Sultan bin Ahmed Al Jaber and Her Excellency Sarah bint Youssef Al Amiri …
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Saudi Arabia’s SRC extends mortgage benchmark maturity to 30 years
The Saudi Real Estate Refinance Co (SRC), the Saudi equivalent of U.S. mortgage finance business Fannie Mae, said on Monday that it has extended to 30 years the maturity on its benchmark for mortgages …
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Financial needs of UAE nationals continue to be our key focus: says Emirates NBD
As part of its brand proposition, Emirates NBD has strengthened its commitment to empower UAE nationals with tailored solutions that take into account their needs, spending habits and family-based …
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Dubai Financial Market to bring in major changes to its main indices in Q4-2022
Indices such as DFM General Index to be reset each quarter rather than every 6 months Dubai: The Dubai Financial Market (DFM) is bringing about changes in the way its main indices are structured, and …
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World’s financial leaders set to gather for the inaugural Abu Dhabi Finance Week 2022
ADFW will include ADGM’s popular Fintech Abu Dhabi Festival, with previous speakers including $95billion start-up founder John Collison, New York Stock Exchange Chairman Jeff Sprecher, global banking …
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UAE’s ADCB, shareholder exit Alexandria New Medical Center
In a separate statement, the medical company announced that shareholder Yasser Mohammed Ahmed Ali Barakat sold his 536,880 shares (3.44% stake) in Alexandria New Medical Center for EGP 26.30 million, …
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Dubai’s DGCX introduces new physical gold futures and spot gold contracts
These DGCX products provide traders and financial institutions the ability to use physical gold as collateral to access short-term lending …
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UAE: Gold prices inch up, but rate hike fears limit gains
Gold prices edged higher on Monday morning on a softer dollar, although central banks worldwide retained their aggressive monetary policies to tackle soari..
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Ease in pandemic restrictions: Dubai real estate set to pick up growth momentum
But this trend could change due to the rising cost of living, increasing mortgage rates, stronger US dollar, and anticipated new supply,” Tuaima told Khaleej Times. Latest data indicates that the …
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UAE: New service to let users pay bank-related judicial fees through mobile app
It will also allow residents to look for their own cases directly using the financial number of the case, thus providing an easy search mechanism …
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UAE’s Burjeel announces price range, subscription period for IPO
The price for the offering ranges between AED2.00 to AED2.45 per share, implying an equity value of $2.7 billion to $3.3 billion UAE’s Burjeel announces price range, subscription period for IPO Abu …
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Empower Plans Up to $700 Million Dubai IPO in November
It is set to be Dubai’s fourth privatization as part of the emirate’s plans to bolster its capital markets and its standing as a financial center. Details of the IPO such as size and timing are still …
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Mashreqbank leads Dubai index higher, Abu Dhabi falls
Dubai index closed higher on Friday, boosted by a 15% surge in lender Mashreqbank, while Abu Dhabi stocks slipped …
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UAE extends soft loan for power line, Z’bar housing
A power transmission line in Kagera Region and the construction of low cost housing for public employees in Zanzibar will be covered in a $420m soft loan (979.2bn/-) extended by the United Arab …
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UAE HH Shaikha Jawaher Khalifa Al Khalifa launches Green Aventurine Holding to support growth plans
The new company will help consolidate HH Shaikha Jawaher startups in the UAE, GCC, UK, Turkey, drive its future growth and solidify her mission and belief in empowering women. “Green Aventurine …
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