The UAE economy is set to grow at its fastest pace in years on the back of higher oil production and commitment to expand its manufacturing sector, according to the central bank. The country’s overall …
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United Bank for Africa Group expands to EMEA
(Executive Director, Treasury and International Banking, United Bank for Africa (UBA), Mr. Ndubisi Chiugo; Chief Executive Officer, Dubai International Financial Centre (DIFC) Authority, Prince Arif …
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Startup Spotlight: Predixa Is Helping Companies Across The UAE Unlock The Financial Value Of Diversity, Equity, And Inclusion
Helping companies realize the social, as well as financial value associated with achieving diversity, equity, and inclusion forms the crux of Predixa’s mission.
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Navya Raises €36m in Convertible Bonds With Stock Acquisition Rights to Finance Its Growth and Large-Scale Industrialization
NAVYA (Paris:NAVYA) (FR0013018041- Navya), an autonomous mobility systems leader, announced the signing of a funding agreement on July 20th with the Negma Group for a total nominal amount of €36 …
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France, United Arab Emirates sign deal on energy cooperation
France and the United Arab Emirates have signed an agreement on energy cooperation to ensure oil and gas supplies from the Gulf country …
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Branch-less banking is here to stay, according to this Dubai bank
With the rise of banking apps, it’s clear that in-person visits to the bank for everyday transactions are largely a thing of the past. Many millennials will tell you the only bank they need is the one …
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Pakistani rupee hits new all-time low against UAE dirham; will it fall further?
The Pakistani rupee’s free-fall continued on Wednesday, plunging below an all-time low of 61 against the UAE dirham due to political turmoil in the South Asian country. The rupee has been consistently …
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Have pending loans after you move back home? UAE experts explain to expats on what to know
“As a borrower, you are not legally expected to live in the UAE while your loans are not yet fully paid,” explained Abu Dhabi-based legal consultant Shamri Yousef. “Moreover, you …
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RBI’s new Rupee trade policy: Impact on UAE
The CEPA is forecast to increase bilateral trade between the two nations from the current levels to $100 billion over the next five years. This is a mutually beneficial partnership with the UAE …
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UBA Group expands to EMEA, launches banking operations in UBA DIFC, Dubai
The bank has extended its operations to the United Arab Emirates with the official launch of its new branch at the Dubai International Financial Centre (DIFC). United Bank for Africa Plc (DIFC Branch) …
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The Debt Panel: ‘Will my bank file a legal case for a bounced cheque?
However, to my dismay, the bank then deposited my loan guarantee cheque on June 27, which was eventually returned because of insufficient funds. I have never defaulted on a loan b …
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Banks ready to finance capital projects in Africa – Tony Elumelu declares at UBA Dubai opening
The founder of Tony Elumelu Foundation and Group chairman of Heirs Holdings, Tony Elumelu, has said banks in Africa have the financial mussle to support governments on the continent to accelrate their …
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French finance minister says country prepping for cutoff of Russian gas supply
French Finance Minister Bruno Le Maire tells CNN’s Becky Anderson about the energy deal France signed with the UAE and the advice he has for Europe to prepare for Russia cutting off its gas supply to …
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Coinsfera enables visitors to sell USDT in Dubai to buy real estate
Coinsfera enables anyone to sell USDT in Dubai to buy real estate instantly. As an OTC crypto desk, Coinsfera introduces its new product to the public. As cryptocurrencies become globally acceptable, …
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Commercial Bank of Dubai arranges over $144mln syndicated financing for Gulf Data Hub
The Commercial Bank of Dubai (CBD) has arranged an AED 530 million syndicated financing for Gulf Data Hub (GDH), a data centre facility in Dubai Silicon Oasis. GDH will use the fund in developing its …
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Dubai’s energy demand up 6.3% in the first half of 2022 on economic recovery
from its initial public offering. Dewa currently provides services to more than 3.5 million Dubai residents and the emirate’s active daytime population of more than 4.7 million. These numbers are …
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Al Maryah Community Bank and Al Ansari Exchange sign agreement
Al Maryah Community Bank announced the signing of an agreement with Al Ansari Exchange, as part of its efforts to transform the banking services domain by increasing the level of convenience for its …
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