The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of the Republic of Turkey (CBRT) Wednesday announced the establishment of a bilateral currency swap agreement between the UAE …
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FSS partners with UAE’s first digital banking platform to support global expansion
FSS (Financial Software and Systems) announced its collaboration with YAP, the United Arab Emirates’ (UAE) first independent digital banking platform, to deliv …
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UAE-based trade finance platform 360tf raises $1.5m five months into launch
Dubai: A trade financing platform, 360tf, has raised $1.5 million in new funds five months after going live. The portal connects banks and businesses to manage their letters of credit financing needs.
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Turkey, UAE central banks ink $4.7B currency swap deal
have inked a swap agreement with a nominal size of 18 billion UAE dirhams and TL 64 billion ($4.7 billion), the Central Bank of the Republic of Turkey (CBRT) announced Wednesday. “The agreement, which …
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Turkey, UAE Sign FX Swap Deal Worth $5 Billion
Turkey signed a currency swap agreement with the United Arab Emirates, boosting its central bank’s dwindling foreign-exchange reserves.Most Read from BloombergMicrosoft Buys Scandal-Tainted Activision …
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Watch: YouTube star raises $11 million for charity after 11 days of living in glass box in Dubai
YouTube star AboFlah raised a whopping $11 million (Dh40.4 million) after 11 days of living in a glass box at Burj Park in Downtown Dubai to bring warmth to over 110,000 families in the region this …
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UAE: Gold prices drop; 22K opens at Dh206, down Dh1 per gram
Spot gold was down 0.12 per cent at $1,812.29 per ounce, as of 9.10 am UAE time. In the UAE, the yellow metal price dropped one dirham per gram on Wednesday as compared to Tuesday’s close of the …
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UAE – ADGM’s Abu Dhabi Sustainable Finance Forum to be a carbon neutral platform
Abu Dhabi – The fourth edition of the Abu Dhabi Sustainable Finance Forum kicks off on January 19, 2022 by A Staff Reporter Published: Tue 18 Jan …
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UAE – Rain Financial raises $110m in Series B funding
Dubai – Rain’s Bahraini entity, Rain Management, is one of the Middle East’s largest and first licensed cryptocurrency brokerage and custodian by A …
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UAE – FAB goes live with Arab Monetary Fund’s Buna system
First Abu Dhabi Bank (FAB) has enhanced regional cross-border payments capabilities by going live with the Arab Monetary Fund’s Buna system. Buna is a state-of-the-art payment platform that provides …
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Ex-Citi Banker Says He Lost Job Over ‘Toxic’ Dubai Claims
Citi’s lawyers said in legal documents that none of Dahab’s claims were made in writing until he was put at risk of redundancy.
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Potential risks could mar IPO activity in 2022: Kamco
A number of potential risks do appear in 2022, that could impact IPO activity within the region, after a stellar 2021 performance which saw 20 IPOs in the GCC, shooting up from 7 issuance in 2020.
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ADGM’s Abu Dhabi Sustainable Finance Forum to be a carbon neutral platform
Abu Dhabi Global Market, the leading international financial centre, has announced that the fourth edition of its landmark Abu Dhabi Sustainable Finance Forum (ADSFF) will be a carbon-neutral event …
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UAE: 18 private sector firms pledge to boost gender balance, empower women
About 18 leading local and multinational companies from diverse sectors have signed a pledge to achieve gender equality and empower women and girls. This pledge by the private sector aims to increase …
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Houthi drone attacks expose UAE vulnerabilities, say analysts
Houthi attack jeopardises the UAE’s reputation as a haven for tourism and trade and pushes it towards caution with Iran.
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Oil hits 2014 high after drone strike on UAE
Overall, oil prices climbed more than 10% since the start of the year, hitting levels not seen since 2014. Three fuel trucks exploded and a fire broke out near storage facilities of oil firm ADNO on …
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UAE unveils new programme to fund renewable energy projects in Africa
The UAE is leading a programme to finance renewable energy projects in Africa to help countries on the continent meet their green energy needs and accelerate their economic development. The “Etihad 7” …
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