The Dubai Police General Command and the Gulf Cooperation Council (GCC) Office of the United Nations Office on Drugs and Crime (UNODC) have recently signed a partnership agreement to develop an …
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Will Indian rupee hit 21.25 against UAE dirham this year?
The rise in US interest rates will be a positive for UAE dirham since it is pegged to the dollar … upcoming elections in India Ukraine crisis will dictate the rupee. US investment bank Morgan …
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Rising momentum of the region’s banking sector
UAE and Qatari banks showed high single digit bottom-line growth … Meanwhile, the future of the regional banking space looking promising as well. An S&P Global Ratings report revealed that GCC banks …
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Emirates NBD Pledges Support To Dubai Can Sustainability Initiative
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has pledged its support to Dubai Can Emirates NBD, a leading banking group in the MENAT (Middle East, …
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UAE, GCC embrace digitisation faster in Middle East
UAE – Most important locations worldwide Giesecke+Devrient … central banks currently engaged in studies or pilot schemes for the development of central bank digital currencies (CBDCs). “Actually, …
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UAE – Reserve Bank of India has liberalised rules on interest rate derivatives
Uncertainties arising from global factors like the interest rate hike by the U.S. Federal Reserve Bank have been factored in by investors who prefer SIPs as an avenue for long term investments.
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Taking FX to the future
The upcoming iFX Expo 2022 in Dubai is the ideal platform to see the … FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity …
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UAE Food Bank signs several partnership deals at Gulfood
The UAE Food Bank announced that it has signed several strategic partnership agreements with a number of companies participating in the 27th edition of Gulfood, …
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UAE takes part in G20 Finance Ministers and Central Bank Governors meeting
JAKARTA, 18th February, 2022 (WAM) — Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, has represented the UAE in the first G20 Finance Ministers And Central Bank Governors (FMCBG) …
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UAE participates in first meeting for G20 ministers of finance
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, represented the UAE in the first G20 finance ministers and central bank governors (FMCBG) meeting in 2022, which was held in …
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UAE Lets Cooperatives List Shares Locally in Boost to IPO Rally
The United Arab Emirates has allowed cooperative societies in the country to list shares locally, as part of plans to deepen its capital markets. The UAE, whose seven sheikhdoms include Abu Dhabi and …
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Softbank-backed FirstCry takes baby steps towards over $1-billion IPO, appoints Kotak & Morgan Stanley
The proposed IPO will be a combination of primary and secondary issue … 6000 brands and more than 400 stores across India, with a presence in the UAE as well. In 2016, the firm acquired babycare …
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UAE economic recovery gains momentum on swift action and policies, IMF says
The UAE introduced economic stimulus worth Dh388 billion ($105.65bn) to offset the impact of the pandemic. The stimulus included the Central Bank of the UAE’s Dh50bn Targeted Economic Support Scheme …
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RAKBank joins UAE finance gateway to boost SME trade financing
National Bank of Ras Al Khaimah joined forces with Etihad Credit Insurance, the UAE’s federal export credit agency, to boost financing for small and medium enterprises through the UAE Trade Finance …
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How a finance graduate from a small Indian town became a successful realtor in Dubai at 26
Dubai: Before arriving in the UAE about 17 years ago, Gaurav Aidasani, 38, lived, studied and graduated from a small town known as Sambhar Salt Lake in Jaipur, India. His struggles to complete his …
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Cooling services firm Empower plans Dubai IPO after reporting $254mln profit
RIYADH: UAE cooling services provider Empower has reported a net profit of 936 million dirham ($254 million) for 2021, an increase of 4 percent compared to last year, as it confirmed plans for an …
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UAE Readies National Crypto Licensing in Push to Embrace Fintech
The United Arab Emirates is poised to issue federal licenses for virtual asset service providers by the end of the first quarter in an effort to attract some of the world’s biggest crypto companies, …
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