Emirates Development Bank (EDB) has held a meeting with the Bank Gospodarstwa Krajowego (BGK), the national development bank of Poland, as part of its m …
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Heavyweight Trio Lead on Latest Big Ticket Middle East IPO
Allen & Overy, Shearman & Sterling and Al Tamimi & Co are acting as legal advisers on the IPO of UAE-based petrochemicals major Borouge. The float will see the company sell a 10% stake for just under …
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Vancouver biotech Zymeworks rejects $10.50 per share hostile bid from Dubai hedge fund All Blue
Zymeworks Inc. has rejected an unsolicited takeover proposal from a Dubai hedge fund, saying it “significantly” undervalues the Vancouver biotechnology company and is not in the best interests of …
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Aggregate Q1 profit of UAE’s 10 largest banks climbs 24% amid economic recovery
The aggregate net income of the 10 largest lenders in the UAE grew more than 24 per cent in the first quarter of 2022, compared with the previous three months, according to professional services …
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Fitch affirms ‘BBB+’ rating for Bank of Sharjah with a stable outlook
For the second consecutive year, Fitch has assigned Bank of Sharjah a Long-Term Issuer Default Rating (IDR) of ‘BBB+’ with a stable outlook …
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Somalia: Govt Releases Nearly $10m Seized From UAE Plane Four Years Ago
The Somali government has released $9.6 million it seized from a United Arab Emirates plane in Mogadishu four years ago, a step aimed at mending relations that have been stuck at a low point ever …
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Dubai dissolves tribunal handling financial settlements related to Dubai World
Dubai said on Friday it is dissolving a special tribunal that was set up in 2009 to resolve disputes pertaining to financial settlements related to Dubai World and its subsidiaries. A decree on the …
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UAE: How British expats calculate taxes on income earned overseas and back home
Here are some tax guidelines to follow back home Are you a UK citizen new to the UAE? Here are some tax guidelines to follow back home Image Credit: Ahmed Ramzan/ Gulf News Dubai: The UAE has …
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ABZ Financial Broker Creates Bespoke Sales Solutions For Organizations In The UAE
ABZ Financial Broker LLC has been touted as the preferred provider of outsourced sales for high-ranking banks and financial institutions. The leading financial services provider c …
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Top UAE banks benefit from better margins, but asset quality may decline in H2
The UAE’s top banks benefitted from better margins in the first quarter of 2022, but there is a risk of deterioration of asset quality in the second half of the year as the government’s economic …
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Top UAE banks see better margins, but asset quality could deteriorate – A&M
Alvarez & Marsal says there is a risk that asset quality will deteriorate later this year when the government’s targeted economic support scheme (TESS) comes to an end …
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UAE top banks’ profits, margin levels ‘take a hit’ in Q1
The report suggests that the Q1’22 results for most of the banks in the UAE highlighted an increase in profitability, despite lower non-interest income …
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Alvarez & Marsal releases UAE Banking Pulse for Q1 2022
The International Monetary Fund (IMF) has revised the UAE’s gross domestic product (GDP) growth estimates for 2022 from 3.5 percent to 4.2 percent. We anticipate domestic lending to grow on the back …
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UAE’s Sheikh Mohammed takes power as dynasty speculation swirls
As world leaders descended on the United Arab Emirates this week to offer condolences on the death of ruler Sheikh Khalifa, diplomatic circles buzzed with speculation over whether his successor Sheikh …
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Ease of doing business for investors and entrepreneurs improves with UAE Ministry’s digital system
In its bid to improve the UAE’s allure as an ideal digitally advanced hub for businesses, the new digital attestation services will streamline procedures and boost the quality of services provided …
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Ease of doing business for investors and entrepreneurs improves with UAE Ministry’s new digital system
In its bid to improve the UAE’s allure as an ideal digitally advanced hub for businesses, the new digital attestation services will streamline procedures and boost the quality of services provided Eas …
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UAE: Pakistan’s First Digital Bank Among Startups To Join Abu Dhabi’s Hub71
Among the cohort is Pakistan’s first digital bank, TAG, UAE-based Trade Capital Partners – a platform that boosts access to working capital for startups and small to medium-sized enterprises in …
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