The First Abu Dhabi Bank has sold a 60 per cent stake in its payments processing business Magnati, selling it to Brookfield Business Partners and its institutional partners. The transaction provides …
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UAE’s non-oil foreign trade rises 27% in 2021 amid economic recovery
Provided by The National The UAE had reported a 27 per cent jump in non-oil trade in the first half of 2021 to Dh900 billion. Photo: Pawan Singh / The National . The UAE’s non- …
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Return of margins: UAE banks see good times ahead
Rising interest rates and higher loan demand to boost loan yeild Dubai: A combination of factors ranging from rapid recovery in economic growth supported by rising oil prices, pick up in loan growth, …
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UAE – MoF Innovates 2022: A journey into the future of finance
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs inaugurated an event organised by the Ministry of Finance (MoF) as part of its participation in the UAE Innovation Month 2022, …
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UAE – Binance Founder shares vision for future of finance and cryptocurrency at ‘Museum of the Future’
DUBAI, 24th February … during an hour-long session about cryptocurrencies and the future of digital finance. In his presentation, Zhao hailed the Museum of the Future; Dubai’s latest …
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UPDATE 2-Dubai state utility DEWA expects to launch intention to float March 7 -sources
DUBAI, Feb 22 (Reuters) – Dubai Electricity & Water Authority (DEWA) expects to launch its initial public offering next month, with a listing on the Dubai Financial Market likely to be in April, …
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Venture Capitalist Faisal Alhamer Announces Plans to Establish MECC Ventures, Intends to Invest $1 Billion in UAE-Based Businesses and Startups
Faisal Alhamer has been a key player in the UAE financial sector, and he is ready to do more for the Arab regionOver the past years, many countries in the …
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Paralysed banking system pushing Afghanistan towards collapse -Red Cross
DUBAI (Reuters) – Afghanistan is inching closer towards economic collapse six months after the Taliban seized power, the Red Cross said on Friday, with a paralysed banking system stymieing …
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Senior Iran cleric demands removal of banking, oil sanctions
If these sanctions are not lifted, it is as if there were no talks: Ayatollah Khatami Dubai: A senior Iranian cleric said on Friday ending Irans economic isolation by lifting banking and oil trade …
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New Dubai portal allows crowd funding of films with cryptos and NFT
Cinema and the Metaverse come together in Gargash and PwC initiative Dubai: Dubai’s first ‘cineverse … SEC Saga” and “El Salvador vs. World Bank’. The premiere, however, was different …
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UAE – Kenanga Investment Bank Announces Second Consecutive Best Performing Year
RM118.8 Million Net Profit and 10.5 sen dividend declared – highest since becoming an investment bank KEY HIGH …
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How open banking is transforming the regional financial services
Tarabut Gateway’s 2022 MENA Open Banking Spotlight explores how regulation, implementation and adoption are enabling a new era of financial services across the region …
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Paganini hopes UAE-Uruguay economic cooperation will go to next level
Paganini, who was part of Luis Lacalle Pou’s (President of Uruguay, delegation’s visit to Expo Dubai 2020, held talks with UAE authorities and discussed ways to explore economic and investment …
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UAE jobs in 2022: 72% expect salary increase, 59% confident about opportunities
The stark difference between an employee’s expectations and their current pay may lead to UAE’s Great Resignation …
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A call to advance adoption of artificial intelligence across the global finance industry
Arif Amiri is Chief Executive Officer at Dubai International Financial Centre Authority. The global finance industry has started to recognise the potential of artificial intelligence to help advance …
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Dubai’s Mashreq Bank could sell its payments business – and it may not be the only one
First Abu Dhabi Bank is in talks with Brookfield Asset Management to sell its payments unit called Magnati. In 2015, Warburg Pincus and General Atlantic bought a stake in Network …
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Meet the Gen Zs who have built significant wealth in their 20s
At only 25, Queenie Tan has a net worth of 494,899 Australian dollars ($357,026), which she built along with her 30-year-old partner Pablo over a span of six years.Her net worth was more than …
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