The Financial Action Task Force, a Paris-based intergovernmental body that audits the ability of nations to detect and disrupt illicit finance, has censured the United Arab Emirates for not doing …
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Dubai’s Biggest Bank to Boost Number of Women in Senior Roles
Emirates NBD plans to fill a quarter of all senior positions with women over the next five years as Dubai’s biggest bank joins a global push for greater gender diversity. Females represent 41% of the …
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UAE’s Aafaq Islamic Finance and Arab Financial Services to back fintech startups
The partnership is part of Bahrain-based AFS’s Regional Partner Program that supports new and existing fintechs to launch operations across the region.
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Dubai’s Medad Technology to invest $100m in patented healthcare and fintech advances
and Zand Bank, one of the new generation of digital banks in the UAE. The company – which is ‘advanced talks’ with a prospective global partner for an entry into Europe and the US – has already …
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Dubai tech unicorn Zeta and Mastercard announce partnership
Dubai-based banking tech unicorn Zeta and Mastercard have signed a five-year global partnership. As part of the agreement, the firms will go-to-market jointly to launch credit cards with issuers …
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UAE – Emirates NBD Capital marks record year
Emirates NBD Capital (EMCAP), the investment banking arm of Emirates NBD, one of the leading banking groups in the Menat (Middle East, North Africa and Turkey) region, led a record number of landmark …
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Meeting discusses IFC’s activities in the UAE, latest developments
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, met on Monday with Hela Cheikhrouhou, International Finance Corporation (IFC)’s regional Vice President for the Middle East, …
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UAE inclusion on FATF ‘grey list’ unlikely to have major impact on economy, says S&P
The inclusion is unlikely to significantly affect the country as it is a net exporter of capital, the firm said UAE inclusion on FATF ‘grey list’ unlikely to have major impact on economy, says S&P …
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Entrepreneurs structure businesses through UAE Foundations: Here’s how the entities help mitigate risks
Knowing what role Foundations play for start-ups and new business ventures in the UAE Dubai: Over the last few years, a rising trend within the entrepreneur ecosystem is an increase in the number of …
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Dubai start-up Quiqup raises $1.36m from Mohammed bin Rashid Innovation Fund
Dubai-based technology start-up Quiqup received a guarantee for a loan worth Dh5 million ($1.36m) from the Mohammed bin Rashid Innovation Fund (MBRIF) as it looks to support the growth of the “quick …
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Tabreed launches Green Financing Framework to fund projects aligned with UAE’s carbon-neutral objectives
and operating district cooling schemes in the UAE, as well as projects related to energy and water efficiency, and wastewater management. The framework will also help the company meet its commitments …
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EDB’s App Gives Banking Access to 500 UAE Firms in 3 Months
In a development that augurs well for meeting one of the goals of the UAE’s national agenda to offer easy financing solutions to the private sector, Emirates Development Bank (EDB) has announced that …
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Some Goldman Sachs Employees Moving Out of Russia to Dubai
A portion of Goldman Sachs Group Inc.’s Russia staff is relocating out of the country as firms react to a global effort to shut off the Russian economy after the invasion of Ukraine. The Wall Street …
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UAE central bank wins top award for its performance
The Central Bank of the UAE has won a top federal entity award for best performance improvement in the sixth cycle of the Mohammed bin Rashid Government Excellence Award, under the umbrella of the …
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UAE – BJP Is Banking On Last Minute Mega Road Show Of Prime Minister To Win
LUCKNOW: Will the mega road show of Prime Minister Narendra Modi in Varanasi spin the magic for BJP in the holy city and other constituencies in seventh and last phase of polling in Uttar Pradesh on …
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Impact of Russia – Ukraine conflict on UAE banks will be limited and indirect
Higher interest income, interest margins and lower provisions to drive bank profits Dubai: The impact of war between Russia and Ukraine is likely to have only limited and or indirect impact on the …
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UAE’s to further strengthen its anti-financial crime framework
With the aim of ensuring the success and sustainability of the UAE’s efforts to strengthen its anti-financial crime framework, FATF has announced that it has placed the UAE under increased monitoring.
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