Standard Chartered Bank announced today the successful closure of the region’s first transition trade finance facility for Lafarge Emirates Cement LLC, one of the largest cement producers in the UAE …
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The Debt Panel: ‘Will my bank refund my savings of $12,250 that were lost in a scam?’
When the payment was made, I received an SMS from my bank informing me about a transfer of Dh45,000 to another account. I called my bank immediately to inform them of the scam. They promised to …
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Foreign investments in UAE stocks hit over $4 billion since start of 2022
The volume of investments are a result of the UAE’s continued efforts to attract foreign investors, followed by the strong performance of listed companies Foreign investments in UAE stocks hit over $4 …
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Dubai Financial Market set to permit DGCX licensed brokerage firms to become its derivatives members
This follows DFM obtaining approval from the Securities and Commodities Authority for such a move Dubai Financial Market set to permit DGCX licensed brokerage firms to become its derivatives members …
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Gang who kidnapped man in Dubai over financial dispute given reduced sentences
The members of a gang who kidnapped a Chinese man over a financial dispute have had their prison sentences reduced from three years to six months by the Dubai Court of Appeal. Court records showed …
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UAE’s AD Ports Group sees net profit rise 59% YoY to Dhs300m in Q2 2022
The 22.32 per cent stake in Aramex, which was transferred to AD Ports Group in January 2022, contributed Dhs12m to EBITDA and net profit in Q2.
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UAE leads in MENA venture capital funding, raising $699 million in first half
Pure Harvest Smart Farms’ deal in June $181 million mega round “drove the agriculture industry to the second-most funded rank” in the UAE over the first six months, this year UAE leads in MENA venture …
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Dubai records over $381mln in real estate transactions on Monday
DUBAI: Dubai real estate market recorded 528 sales transactions worth AED1.28 billion, in addition to 91 mortgage deals of AED169.72 million, and 10 gift deals amounting to AED23.06 million on Monday, …
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UAE tops in MENA venture capital funding, raising $115 million in first half
Pure Harvest Smart Farms’ deal in June $181 million mega round “drove the agriculture industry to the second-most funded rank” in the UAE over the first six months, this year UAE tops in MENA venture …
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Dubai records over AED1.4 billion in real estate transactions Monday
Dubai real estate market recorded 528 sales transactions worth AED1.28 billion, in addition to 91 mortgage deals of AED169.72 million, and 10 gift deals amounting to AED23.06 million on Monday, data …
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Dubai Gold and Commodities Exchange brokerage firms can now join DFM as derivatives members
Dubai Gold and Commodities Exchange-licenced brokerage companies can acquire a range of DFM derivatives membership licenses, including trading brokerage, and trading and clearing brokerage …
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UAE: New reporting rules will have no adverse impact on residential units supply
Dispelling an impression that new rules may slow down real estate activity, executives and property developers said the sector will continue to attract foreign …
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Alaan launches UAE’s first business card with up to 2% cashback
Commenting on the launch, Parthi Duraisamy, CEO and Co-Founder of Alaan said: “It’s great to have launched an industry-first business cashback card. Consumers have long had access to such cards in UAE …
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Chasing next UAE’s stock market winners means cutting out herd mentality
Tabreed outperformed in these 3 years – and there are more such winners among UAE stocks What does it take to exploit a market? This is complex query for it requires both methods as well as personal …
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Gold in the UAE: Buy or hold? Prices expected to drop further by mid-week, before rising again
Price of gold drops by Dh1 per gram on Monday morning in the UAE, but is it time to buy? With the price of gold dropping by Dh1 per gram on Monday morning, is it time to buy or hold? Image Credit: …
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How to use credit cards without falling into the debt trap
People have multiple cards to utilise various discounts, cash back or points systems. Others have because they maxed out the ones they have and take out new ones to use further …
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Sheikh Hamdan orders financial aid for 1,100 minors before new academic year begins in Dubai
Ahmad Abdulkarim Julfar, Director General of Dubai Community Development Authority, said: “The directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, refle …
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