Abu Dhabi bourse today retreated 0.65 percent to 8,409 pts, while Dubai Financial Market edged up 0.79 pct to 3,216 pts driven by the real estate and banking blue chips. DFM-listed Emaar Properties …
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UAE risks inclusion on global watchlist over dirty money
The Financial Action Task Force is leaning toward adding the UAE to its “gray list,” which would make the country subject to more oversight for shortcomings in combating money laundering.
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UAE Faces Risk of Inclusion on Global Watchlist Over Dirty Money
The United Arab Emirates is at increased risk of being placed on a global watchdog’s list of countries subject to more oversight for shortcomings in combating money laundering and terrorist financing, …
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Mohammed bin Rashid meets with Yemeni PM at Expo 2020 Dubai
DUBAI: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today met with Yemen’s Prime Minister Dr. Moeen Abdul-Malik at the country’s pavilion at …
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UAE – First Abu Dhabi Bank and FAB Properties sign MoU with Eltizam Group
FAB Properties, the real estate service provider specialising in end-to-end property solutions, and First Abu Dhabi Bank (FAB), have partnered with Eltizam Asset Management Group (EAMG), a physical …
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Square Yards plans IPO, expects to raise Rs 1000 crore: Report
Square Yards will become the first proptech startup to go public. The real estate company has beaten the odds, reporting substantial revenue growth across the pandemic years.
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Reem Finance launches ‘Amala’ programme
Reem Finance, a leading company offering financial services across the UAE, has announced the launching of the ‘Amala’ programme, a unique service to finance hiring domestic workers. The programme …
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Dubai approves general budget for 2022-2024, allocates $1.42bn to construction projects
The budget cycle will support Dubai’s efforts to stimulate the macroeconomy and the objectives of the Dubai Strategic Plan 2030. Dubai approves general budget for 2022-2024, allocates $1.42bn to …
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Zand, UAE’s first digital bank, to open soon amid demand
Zand, the UAE’s first digital bank, is set to open at a time where UAE residents are increasingly receptive to digital offerings.
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UAE – China’s brutal bear market Arabian Post
Alibaba was in the crosshairs of President Xi ever since its ill-fated, aborted Ant Financial IPO and now trades at 119 in New York. I remember Alibaba was $310 in October 2020 and $230 around New …
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UAE cheque rules: A big leap towards global best practices
Dubai: The UAE’s new law on decriminalisation of bounced cheques that became effective on Sunday has come as a great leap forward in updating the banking laws in the country in sync with the global …
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UAE – Extension of SEBI suspension on agro trading to ease pressure on India’s poor
Dubai – One of the steps being taken is that SEBI, which is a regulator for commodities trading on the market, is that has suspended new futures con …
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2022 forecast: Why UAE companies should prepare for rising inflation
Inflation is a natural follow-up to any contraction or recession,” said Hind Eisa Salim, executive vice-president and head of services and manufacturing at Mashreq Bank. 2022 forecast: Why UAE …
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UAE begins implementation of display of caller identity of companies
Feature informs customers the caller’s ID, even if the caller’s contact is not saved Dubai: The Telecommunications and Digital Government Regulatory Authority (TDRA) of the UAE announced that the …
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Dubai Police Anti-Narcotics cell helps arrest 19 international fugitives, blocks 75 online sites
Dubai: The General Department of Anti-Narcotics at Dubai Police supplied liaison officers of 23 different countries with 76 security tips in 2020, which aided the arrest of 19 international fugitives …
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UAE – 3iQ to release new products in Middle East
Q anticipates that 2022 will see continued growth for bitcoin and ether as they continue to trickle into mainstream adoption. By Fred Pye Publi …
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Saudi central bank to launch repo operations using Bloomberg from this month
Dubai: The Saudi Central Bank (SAMA) announced that it will conduct repo, reverse repo and Open Market Operations (OMO) with locally operating banks using Bloomberg’s Auction System from January 2022.
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