Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI, said its initial public offering was priced at 2.55 dirhams ($0.6943) a share, raising around $795 million for …
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Dubai’s Biggest Bank Still Waiting for Asset Quality to Improve
Emirates NBD PJSC reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely improved.
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Dubai’s Emirates NBD nine-month profit rose an annual 29% to Dhs7.3bn
Emirates NBD reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely improved. Dubai’s biggest bank said its nine-month profit rose an annual 29 per cent …
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‘UAE leading in financial services transformation’: Day 3 of inaugural Fintech Surge
The UAE has firmly established itself as ecosystem for Fintech startups and is leading an industry tech-driven revolut …
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JS Bank & Home Matters, Collaborate to Provide Housing Finance to UAE Based Pakistanis
Home Matters will provide an end-to-end mortgage brokerage service exclusively for JS Bank. The agreement was signed by Fahad Siddiqui, Head of Secured Lending – JS Bank and Sawan Karia, Managing …
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Saudi Arabia toughens finance firm law penalty
Saudi Cabinet on Tuesday approved raising the penalty for violating the Finance Companies Law to not more than SR2 million, the Saudi Press Agency reported. Following the amendment, the penalty is SR2 …
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TerraPay partners with LuLu International Exchange to power real-time cross-border transfers from UAE to key global markets
TerraPay, a global payments infrastructure company, today announced the partnership with LuLu International Exchange, part of the LuLu Financial Group- a leading global financial services provider.
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UAE races ahead with exemplary Covid strategy
The UAE handled Covid remarkably well, keeping numbers in check while unleashing a vaccination policy that’s been all-embracing. And not just that: over the course of time when a virus ran amok, the …
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Commercial Bank of Dubai, Infinios to support fintechs in UAE
Commercial Bank of Dubai (CBD) and Bahrain-based fintech Infinios Financial Services announced a strategic partnership to support the fintech ecosystem in United Arab …
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Startups at Dubai’s in5 secure investments worth Dhs1.4bn
More than 150 new companies joined in5 since 2020, bringing the total number of startups supported by the incubator to 500.
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Commercial Bank of Dubai and Infinios announce strategic partnership
Commercial Bank of Dubai (CBD) and Bahrain-based FinTech Infinios Financial Services announced a strategic partnership to …
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Fintech Adoption: Central Bank of UAE Partners with DIFC to Support Financial Tech Sector Growth
The Central Bank of the UAE (CBUAE) signed an agreement with Dubai International Financial Centre (DIFC), the international financial center in the MEASA region, in order to collaborate on the …
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15,000 jobs to come up at Dubai Internet City in the next four years
Dubai Internet City (DIC) expects the number of people working in the region’s leading technology hub will increase by 15,000 to 40,000 by 2025, sai …
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Over 3,000 Delegates Take Part in Global Business Forum Africa 2021 in Dubai
The high-level event, organised by Dubai Chamber in partnership with Expo 2020 Dubai on October 13-14, 2021, hosted a record 550 bilateral meetings between African and UAE investors. Commenting on the …
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These Bank Robbers Used Deepfake To Imitate Boss’ Voice And Siphon $35 Million
Advertisement Excess of everything is bad… Not long ago, Justin Bieber fell prey to a deepfake version of Tom Cruise and now it seems like the technology is even being used to commit heists. A bank in …
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Israel, UAE jumping forward with Fintech cooperation
At a joint Israeli-Emirati conference in Abu Dhabi, officials from both countries delved deep into the details of how cooperation has already moved forward.
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Saudi fast-food franchise operator Alamar Foods considers IPO, sources say
Saudi Arabia’s Alamar Foods, the regional franchise operator for Domino’s Pizza, is considering an initial public offering (IPO) that would allow The Carlyle Group sell some of its stake, three …
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