The World Expo awarding body said on Friday its general assembly had approved a one-year postponement of Expo 2020 Dubai due to difficulties posed by the coronavirus pandemic, and the event would now …
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ED attaches Dubai villa, 5 Swiss bank accounts of AgustaWestland scam accused Rajiv Saxena
The value of the villa in Palm Jumeirah (Dubai) is worth 20 million Dirhams and money attached in five Swiss bank accounts is worth US dollars 45.5 million, the ED said in a press statement on Friday.
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Coronavirus: Dubai advises against using banknotes, issues preventive guidelines
The Dubai Municipality has now encouraged people to use electronic payment methods and avoid using bank notes. “Banknotes are an easy surface for the spread of viruses, avoid using it as much as …
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Abu Dhabi’s Mubadala in talks on $1 billion stake in Reliance’s Jio Platforms: sources
Abu Dhabi state fund Mubadala is in talks with Reliance Industries
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Jingle Pay to launch neobank in the UAE
Dubai-based fintech startup Jingle Pay is bringing neobanking to the Middle East, starting with its home turf of the UAE.
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Abu Dhabi’s Mubadala in talks on $1 bln stake in Reliance’s Jio Platforms -sources
Abu Dhabi state fund Mubadala is in talks with Reliance Industries about investing around $1 billion in the Indian conglomerate’s Jio platforms, three sources told Reuters. NEW DELHI/DUBAI/HONG KONG, …
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Video: UAE police show how fraudsters can access your bank account
The video clip shows a cop interrogating a person suspected of stealing bank account details and defrauding people. The man confesses to stealing bank account and credit card details from people …
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Dubai Financial Services Authority to host RegTech Live event
Driving Compliance Through Innovation, will be held in partnership with the Dubai International Financial Centre Authority (DIFCA) …
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Warner Music IPO is priced to sing
The world has stopped but music hasn’t. That’s the tune Warner Music is singing to investors as it prepares to launch its delayed initial public offering in the next week or so. The label behind Lizzo …
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World’s top 2,000 list includes 40 Arab companies; Aramco ranked 5th
This year’s Forbes Global 2000 list saw the inclusion of 40 companies from the Arab world in the magazine’s ranking of the world’s top 2,000 companies, based on assets, profits, revenues, and market …
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UAE’s NMC Health delays May staff salaries – memo
The troubled hospital operator, which usually pays salaries by the 25th of every month, said in an internal email to employees on Monday that this month’s payroll processing will commence only on May …
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$25.44bln loans provided to SMEs in UAE
Recently, a committee was formed that includes representatives of the Central Bank of the UAE, the Ministries of Economy, Finance, Youth Affairs and Justice, in addition to the UAE Banks Federation, …
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Former Pacific Controls finance official detained in Dubai, company confirms
According to information available, the current Pacific Controls management had lodged a complaint with Dubai Police that the finance manager (Narasimhan) and his team fraudulentl …
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70% of Dubai companies expect to go out of business within six months due to coronavirus pandemic, survey says
Nearly half the restaurants and hotels surveyed by the Dubai Chamber and three-quarters of travel and tourism companies expect to go out of business in the next month alone.
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A look at the ‘massive’ digital transformation in UAE’s Mashreq Bank
Subroto Som of Mashreq Bank discusses the goals of digital transformation at the bank, including enhancing its customer experience.
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UAE banks risk rise in bad loans after virus ‘triple whammy’-S&P
United Arab Emirates banks are at risk from a spike in bad loans over the next one to two years as the oil-producing economy is hit by a “triple whammy” of a slump in oil prices, lower economic …
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MOVES-Saudi Aramco appoints new VP of treasury – source
Saudi Aramco has appointed Ashraf Ghazzawi as a new vice president of treasury effective June 1, an industry source said.
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