The Central Bank of the United Arab Emirates lowered its benchmark interest rate by 50 basis points to 1.50 per cent in March this year, but how has this impacted borrowers …
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UAE private bank deposits rise by $4.2mln in 3 months amid COVID-19 uncertainty
A record 15.6 billion UAE dirhams ($4.2 million) increase in cash landed the non-government deposit accounts of banks across the country over the last few months, according to the latest official data …
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The 11 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance
Thousands of leaked documents shared with journalists have shown how some of the world’s biggest banks for years facilitated the movement of dirty money.
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Sports and entertainment are holding back the surge of deglobalisation
The notion of a flat world in which goods and services move seamlessly faces daily assaults from potentially destructive conflicts. In the face of such gloom, it is heartening to see that sports and …
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UAE- DIFC FinTech Hive’s Accelerator Programme to Advance the Role of Women in Financial Services
A female-focused career mentorship accelerator programme to empower women in financial services • 14 young women starting their careers within financial services selected for the programme • Mentees …
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UAE national banks’ total assets reached Dhs2.8 trillion in July
The total value of national banks’ assets rose by around 0.7 per cent on a monthly basis in July to Dhs2.8 trillion, up from Dhs2.78 trillion by the end of June 2020.
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U.S. IPO Week Ahead: Palantir And Asana Direct-List In 9-IPO Week With Tech, Sports, And Avocados
Nine IPOs and two direct listings are scheduled to go public in the week ahead. The diverse group includes three foreign tech issuers, two biotechs, two US tech unicorns, a sporting goods retailer, an …
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DIFC FinTech Hive rolls out AccelerateHer programme to back women in finance sector
Dubai International Financial Centre’s FinTech Hive, the region’s first and largest financial technology accelerator, has begun the second edition of its career mentorship programme aimed at …
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UAE’s Jafza and Israeli Chambers of Commerce sign agreement to promote trade
The pact follows the normalisation of ties between the UAE and Israel that has led to a series of agreements being announced by companies in the two countries …
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US IPO Week Ahead: Palantir and Asana direct-list in 9 IPO week with tech, sports, and avocados
N ine IPOs and two direct listings are scheduled to go public in the week ahead. The diverse group includes three foreign tech issuers, two biotechs, two US tech unicorns, a sport …
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Yalla Group Seeks $149 Million U.S. IPO
Yalla Group Limited has filed proposed terms for a $149 million U.S. IPO. The firm operates a voice-centric social network focused on the MENA region. YALA has produced enviable financial results and …
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$2.5trln Islamic finance sector to rebound gradually
Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s social role …
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10 Most Profitable TV Shows in 2020
From the deadly bushfire in Australia which affected other countries to New Zealand where glaciers turned brown, floods in Dubai and Indonesia … never mentions this but he is one of the first hedge …
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20 Cities with the Most Skyscrapers in the World
Below we presented the list of 20 cities with the most skyscrapers in the world. Click to skip ahead and jump to the top 10 cities with the most …
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IPO Launch: Yalla Group Targets $149 Million U.S. IPO
Yalla Group Limited (YALA) intends to raise $149 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A shares, according to an F-1 registration statement. Dubai, …
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$2.5t Islamic finance sector to rebound gradually
Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s …
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Open for business: How UAE-Israel peace is driving deals at breakneck speed
The news, announced August 13, has led to a slew of deals in recent weeks, with the establishment of a business council and signing of finance, tourism, and other agreements. In what some are calling …
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