Huadi International Group, which manufactures steel pipe and tube products in China, widened the proposed range for its upcoming IPO on Wednesday … the Philippines, UAE and Canada. Huadi …
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UAE: Reader complains against bank agent’s false information on quick cash loan
Bank did not clarify its policy on quick cash … Dear Reader, This section is about Living in UAE and essential information you cannot live without. Register to read and get full access to …
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UAE economic activity recovers partially in Q3 2020, says Central Bank
The UAE economy will grow 2.5 per cent next year, led by 3.6 per cent growth in non-oil sector as the economic activity in the country recovered partially in the third quarter of 2020, the UAE Central …
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Dubai Islamic Economy Development Centre
Unified Global Legislative Framework for Islamic Finance In May 2020, the UAE Ministry of Finance, in partnership with the Islamic Development Bank (IsDB) and DIEDC, announced the launch of a new …
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UAE export credit firm offers $114m trade finance support to SMEs in 2020
Etihad Credit Insurance says support translates to $272m in turnover for smaller businesses in the UAE during pandemic …
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The smart money is on AI in UAE government services
(AI) technology can support Middle Eastern government budgets by up to $7 billion annually. How is the UAE gearing up for that? McKinsey & Company predicts a $5 to $7 trillion potential economic …
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L&T Finance dissolves wholly-owned subsidiary in Dubai, UAE
In July this year, L&T Finance Holdings had proposed a voluntary wind-up of one of its wholly-owned subsidiaries incorporated in Dubai, UAE. The company had been incorporated to carry on the off-shore …
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UAE Central Bank projects real GDP to contract by 6% in 2020
Economic activity in the UAE recovered partially in the third quarter, but the bounce back remained fragile, according to Central Bank of UAE (CBUAE). In its ‘Quarterly Economic Review …
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UAE Economy Seen Contracting More Than Estimated This Year
The United Arab Emirates will likely suffer a deeper economic contraction this year than previously estimated, hurt by disruptions caused by the coronavirus pandemic and lower oil prices.
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Saudi sovereign wealth fund hires new corporate finance head, makes other changes
Saif, the chief executive of the finance ministry’s debt management centre, as its new corporate finance head.
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Bitcoin price spikes, dangers of an imminent massive drop lurks
With prices soaring to unrealistic levels this week, market gurus are sounding the alarm Dubai: With Bitcoin prices … meaning large hedge funds and publicly traded companies are driving these …
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Arabic press review: Saudi Arabia and UAE bankrolling Arab states’ Israel deals
Saudi Arabia, UAE bankrolling normalisation agreements. Saudi Arabia and the UAE are pumping in huge sums of money in order to finance the normalisation agreements that some Arab …
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UAE’s MBZ was known as ‘the boss’ at Banque Havilland
Documents reviewed by Bloomberg News reveal the extent of services the bank provided Crown Prince Mohammed bin Zayed.
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UAE’s stock markets drop their good cheer over new COVID-19 strain
UAE real estate stocks’ rise of recent days come … DXBE hasn’t made a single yearly profit since listing. The IPO was valued at Dh5.75 billion, roughly 9 times more than Meraas’s own estimates.
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L&T Finance Holdings dissolves Middle East subsidiary
LTFH had informed about voluntary winding-up of one of its wholly-owned subsidiary incorporated in Dubai to carry on the off-shore wealth management business, subject to applicable laws of United Arab …
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UAE’s Central Bank launches ‘M-Bills’ to replace certificates of deposit
Dubai: The Central Bank of the UAE has launched a new securities issuance programme – Monetary Bills – for licensed financial institutions and eligible investors. These securities will be …
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Banking, property shares drive UAE markets lower
The benchmark Dubai Financial Market’s General Index dropped four per cent to 2,463.13 during mid-day trading as property and banking shares tumbled. Emaar and Damac shares fell by 4.76 per cent and …
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