UAE – Total foreign assets of the Central Bank of the UAE (CBUAE) rose by 11.1% year-on-year or AED 37 billion in at the end of July, a survey conducted by Mubasher showed. The bank’s foreign assets …
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Noor Bank collaborates with Unionpay international to launch EMVCo QR-based mobile payment solution
Dubai-UAE: Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has partnered with UnionPay International, the world’s largest payment scheme, to inaugurate the bank’s first and only …
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National Bank of Bahrain still weighing up Bahrain Islamic offer
Union National Bank and Al Hilal Bank in the UAE. Dubai Islamic Bank, the biggest Sharia-compliant lender in the country, is in the process of taking over its smaller rival Noor Bank, while National …
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Thushar Vellapally arrested in UAE
A bank cheque was given to Nazil to settle this. The case relates to this cheque which had not mentioned a date. Though Keralite lawyers in UAE and social activists in the country intervened for …
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Invest Bank resumes trading on ADX
Omran Abdullah Omran Taryam, Vice Chairman of the Bank welcomed the Government of Sharjah as a strategic shareholder, saying, “As a proven and dynamic investor in the UAE banking sector, the …
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Beijing’s Belt and Road plans could boost the Islamic banking sector
“The Belt and Road is about supporting infrastructure development and economic growth,” said Adnan Chilwan, chief executive of Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, …
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UAE’s AI Minister to inaugurate Artelligence Forum in Dubai
head of Applied Sciences Business Integration – Lloyds Banking Group (UK); along with expected participation from the Prime Minister’s Office, Telecommunications Regulatory Authority, Ministry of …
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Dubai-listed BLME buys $32.6m Edinburgh office building
Abu Dhabi Islamic Bank in the UK (ADIB UK) has provided financing for the Bank of London and the Middle East (BLME), to buy a AED120 million ($32.6m) Grade A office building in Scotland. The Foster …
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Narendra Modi’s economic agenda in upcoming France, UAE, Bahrain’s visit
He will also receive the ‘Order of Zayed’, the highest civilian decoration conferred by the UAE government, during this visit. Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C …
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Dubai’s Averda in talks about IPO on London Stock Exchange
Dubai-based Averda International is conducting preliminary talks with banks about a potential initial public offering (IPO) on the London Stock Exchange (LSE), which could value it at up to $700 …
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Ministry of Finance declare Cabinet amendment on excise tax
The Ministry of Finance has examined the economic and social impact of excise tax, since it was first launched in the UAE in 2017, and has seen a positive impact in reducing the consumption of the …
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Dubai’s Averda International considering potential IPO – sources
Dubai-based Averda International, one of the largest waste management firms in the Middle East and North Africa, is in early discussions with banks about a potential IPO which could value it at up …
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UAE’s Finablr reports 9.1% jump in first-half adjusted income
Finablr and the payment solutions company Network International were the two UAE companies that listed on the London Stock Exchange main market earlier this year. Finablr’s initial public offering in …
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UAE national service recruits given bank fee exemption
Emiratis performing their national service are to be exempt from some bank charges under new regulations. The UAE Central Bank said the initiative would mean minimum balance requirements would no …
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Dubai suspends legal claims against state-owned developer
Dubai has stayed all legal claims against Meydan, a government-owned developer facing a wave of litigation, in a response to growing financial distress in the Middle East’s commercial capital. In June …
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Saudi Aramco asks banks to pitch for roles in IPO -sources
DUBAI — Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world’s biggest IPO.
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Corporates and SMEs – the banking landscape going forward
The BFSI focus group hosts a presentation by Etihad Credit Insurance in May this year in Dubai Image Credit: Supplied he Banking, Financial Services & Insurance (BFSI) focus group was established …
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