The agenda that was launched as part of Abu Dhabi Sustainability Week aims to formally foster the industry of sustainable finance and investments in the UAE and wider region. “Banks have already start…
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Dubai, London financial hubs set to deepen fintech ties
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai and chairman of DIFC, on Tuesday received Peter Estlin, Lord Mayor of the City of London. Dubai International Financial Centre …
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Dubai Benefits From Proactive Policies
Recent developments and plans announced by Dubai’s government highlight the emirate’s promising trajectory towards becoming a “future-proof global business capital” according to ICAEW, an accountancy …
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ADGM Sustainable Finance Agenda unveiled at the Abu Dhabi Sustainable Finance Forum
UAE: Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is pleased to unveil its Sustainable Finance Agenda at the inaugural Abu Dhabi Sustainable Finance Forum (ADSFF), …
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Financial institutions are key to funding sustainable projects in the region, ADGM chairman says
to achieve long-term sustainability and prosperity for all,” Ahmed Al Sayegh, who is also a UAE minister of state, said on Wednesday at the Abu Dhabi Sustainable Finance Forum. “To achieve the right r…
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Saudi CMA nods to Bait Al Mal Al Khaleeji fund IPO
Riyadh – The Saudi Capital Market Authority (CMA) on Wednesday approved an initial public offer (IPO) for units in BMK Saudi Freestyle Equity Fund Sharia Compliant. The IPO made by Bait Al Mal Al Khal…
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Virtusa’s Open Innovation Platform Powers the First Open Banking Sandbox in the Middle East
“Emirates NBD has been happy to partner with Virtusa to debut the first API Sandbox by a UAE Bank. This collaboration has enabled us to offer the right tools for enterprising FinTechs and developers w…
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Market regulator expects IPOs this year, including Emirates Global Aluminium
IPO activity could improve with the inclusion of GCC markets in global gauges and regulatory changes, it added. EGA, the UAE’s biggest industrial company outside the oil and gas sector, said in Septem…
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How to avoid bank fraud in the UAE
Isabelle Jones made the mistake of clicking on a link in an email claiming to be from her bank. “It asked me to change my password and it looked very legit and I was busy, so I didn’t pay attention,” …
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Oil, secondary markets to dictate GCC IPOs in 2019
another Dubai-based company, garnered $25 million from its IPO on London’s Alternative Investment Market. During the year however, the Dubai Financial Market witnessed two dual listings from Egypt’s N…
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Banking in the UAE: What Your Bank Should Be Offering You in 2019
Technology advances and services have to advance with them to stay ahead of the curve. Banking in the UAE is no different. In 2017, Google conducted its Connected Consumer Survey which proved the UAE …
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Financial confidence on the rise for UAE residents
Financial confidence soared in the fourth quarter of 2018 after residents adjusted their budgets to factor in the effects of VAT and high summer spending, a study from UAE financial comparison site ya…
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UAE aid keeps Pakistan government afloat
The government riding a wave of momentum after having secured a $6.2 billion financial aid package from the United Arab Emirates (UAE), is dilly-dallying on a potential International Monetary Fund (IM…
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Dubai e-Mal launches digital financial platform
Dubai-based fintech e-Mal has officially inaugurated its full-fledged digital financial platform that aims to revolutionise the way individuals and businesses transact to make payments, micro-lending …
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As Middle Eastern economies diversify, the strength of the UK’s relationship with the UAE remains constant
But as significant as these factors are, some things – such as London and the UK’s inherent strengths in global finance, our ability to innovate and our willingness to collaborate with Gulf nations su…
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The rise of robo-advisers in the UAE
received a full operating licence in November following a phase in the Dubai International Financial Centre’s sandbox. The company, which has around 2,700 registered users, is now looking to reach an …
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UAE markets starting to show the beginning of an uptrend
For the first full week of the new year, the Dubai Financial Market General Index (DFMGI) advanced by 19.63 or 0.79 per cent to close at 2,545.65. There were 22 advancing issues and 15 declining …
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