UAE Central Bank governor, and Ahmed Al Sayegh, minister of state and chairman of the Abu Dhabi Global Market.
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UAE remittance fees rise, but here are cheapest places to send money to
Dubai: Expatriates in the UAE have seen the cost of sending money home getting costlier recently, as service providers have increased remittance fees to as much as 9.75 per cent. Charges for …
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Where do women stand in the UAE financial services profession?
High-level positions in professions such as financial services fall short when it comes to diversity, particularly in terms of gender. Even though entry level gender parity is good, the proportion …
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UAE’s debt-to-GDP ratio drops, says IIF report
The UAE’s overall debt-to-GDP ratio has dropped by 7.1 percentage points with all four sectors – household, non-financial corporates, government, and financial sector – reducing debt, according to a r…
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UAE to Discuss Blockchain and Digital Assets at 7th World Government Summit
The Ministry of Finance (MoF) of the United Arab Emirates (UAE) will discuss the development of blockchain and digital assets in the country’s economy at the 7th World Government Summit.
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Dubai Islamic Bank marks listing of $750m bond
LONDON: Dubai Islamic Bank (DIB) on Wednesday marked the listing of a $750 million sukuk — or Islamic bond — on the Nasdaq Dubai exchange. Executives on Wednesday rang the opening bell at the exchange …
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UAE Food Bank launches 3rd operational site
Dubai Municipality has launched the third operational site of the Food Bank in Al Muhaisnah-2 in Dubai on Tuesday. Dawoud Al Hajri, director general of Dubai Municipality and deputy chairman of the UA…
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The UAE Food Bank launches third site in Dubai
The UAE Food Bank collects surplus fresh and canned food which is then distributed to those in need, both in and outside of the UAE. The UAE Food bank is one of the country’s best humanitarian …
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UAE launches third food bank in drive to reduce waste
The third food bank has started operations in the UAE as part of the country’s plans to reduce food waste. Dawoud Al Hajri, director general of Dubai Municipality and deputy chairman of the UAE Food B…
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Dubai Islamic Bank participates in the 21st National Career Exhibition
The bank reiterates commitment to Emiratisation and supports the government’s aspirations to promote growth of UAE Nationals in the private sector As part of DIB’s Emiratization development program, s…
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Emirates Islamic wins Human Resources Development award from Emirates Institute for Banking and Financial Studies
Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, and the preferred bank for UAE nationals, has been named the recipient of the ‘Human Resources Development’ award …
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Cost of living to decline in UAE on falling rents, lower oil
The significant decline in inflation in 2019 is also due to base affect,” said Garbis Iradian, chief economist, Mena, International Institute of Finance. The Central Bank of the UAE had projected year …
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Cost of living to fall in UAE this year
The significant decline in inflation in 2019 is also due to base affect,” said Garbis Iradian, chief economist, Mena, International Institute of Finance. The Central Bank of the UAE had projected year …
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Six Flags Dubai put on hold over finance
LONDON: A Six Flags theme park project set to be built in Dubai has been put on hold, according to the proposed developer. DXB Entertainments, which is listed on the Dubai Financial Market, said on We…
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How the Fed’s dovish interest rate stance affects UAE savers, borrowers and investors
“This may serve to restrain borrowing in the UAE, which would also be a further headwind to discretionary consumption and to overall growth,” he adds. Mr Instone advises residents to exercise better f…
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Kuwait Finance House boosts fourth quarter profit 26%
DUBAI- Kuwait Finance House (KFH), the country’s biggest Islamic lender, posted a 26 percent rise in fourth-quarter net profit, despite a fall in operating revenue and net operating profit, according …
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UAE jobseekers demand higher pay to offset VAT: survey
Dubai: Jobseekers in the UAE are demanding higher … most in-demand roles since the implementation of VAT were tax and finance executives and IT specialists, as companies geared up for VAT …
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