Fitch Ratings has affirmed Agricultural Bank of China Limited’s (ABC) Long-Term Foreign-Currency Issuer Defaul …
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CII inks partnership with UAE finance training centre
To boost education within insurance and financial planning sectors across the Middle East #cii #education #uae …
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Gulf Capital weighs IPO of subsidiaries in UAE, Saudi capital markets: CEO
Logo of Gulf Capital Gulf Capital is considering the initial public offering (IPO) of a subsidiary in the local equity markets in Dubai and A …
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Corporate service license Dubai, UAE
The UAE is one of the world’s most prestigious trading locations. Every year, thousands of new businesses head to our emirate to turn their business dreams into reality.
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UAE – Mohamed bin Zayed, Turkish President attend signing of agreements, MoUs
An MoU between the Financial Intelligence Unit (FIU) in the UAE and the Financial Crimes Investigation Board (MASAK) in Turkey, signed by Ali Faisal Ba’alawi, President of the Financial Intelligence …
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United Arab Emirates
Oil Wealth Underpins Rating: The United Arab Emirates’ (UAE) keys credit strengths are a moderate consolidated public debt level, strong net external asset position and high GDP per capita, which …
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UAE announces $10 billion Turkey investment fund
The UAE on Wednesday announced a $10 billion fund for investments in Turkey, the Emirates News Agency (Wam) reported.The announcement came as His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown …
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Emirates Development Bank lends $191m to UAE’s industrial sector
Emirates Development Bank has allocated a financing package worth more than Dh700 million ($191m) to the UAE’s industrial sector since the start of the year, the Ministry of Industry and Advanced …
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UAE – Homegrown founders credit success to supportive local ecosystem
Leading UAE-based founders praised the nation’s startup ecosystem, the ease of access and support it provides to dr …
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UAE – DIB posts Dh3.1 billion net profits in 9 months
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second-largest Islamic bank in the world, has …
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Opportunity awaits UAE banks: 61% of clients set to approach their banks for new services
Successful ‘Super Apps’ converging e-commerce and financial services valued between USD 4 – 40 billion 70% of UAE customers aged 25-44 primed to approach their banks for new offerings New …
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UAE – Pakistani rupee hits all-time low against US dollar
Pakistan’s rupee on Monday hit an all-time low against the US dollar as the demand for the greenback rose in the in …
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UAE: Banks waive over $315 million debts of 4,511 Emiratis
The Nonperforming Debt Relief Fund announced on Wednesday that 20 banks and financial institutions had waived the debts of 4,511 Emirati citizens, with a total value of more than AED 1,157,388,000 …
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Dubai’s Shuaa Capital in talks to sell shares in subsidiaries
Dubai-based investment bank Shuaa Capital is in talks with different stock exchanges to list the shares of its subsidiaries through initial public offerings. These talks are at “very early stages” and …
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UAE banks waive over Dhs1 billion debts of 4,511 Emiratis
Al Suwaidi stressed that what gives this initiative special importance is that the country has defined an ambitious plan vision for the UAE’s next 50 years of success as the country prepares to unite …
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UAE Central Bank, Mohammed Bin Rashid Al Maktoum Creative Sports Award issue coin to mark Year of 50th
The Central Bank of the UAE (CBUAE) and the Mohammed Bin Rashid Al Maktoum Creative Sports Award have issued silver commemorative coins to celebrate the 10th anniversary of the Mohammed Bin Rashid Al …
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Mashreq signs MoU with Dubai South to support SMEs
Mashreq, one of the leading financial institutions in the UAE, and Dubai South will develop a strong financial ecosystem that will benefit SMEs that operate out of the latter’s well-established …
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