KARACHI: The board of directors of Summit Bank has agreed to sell at least 51 per cent controlling interest to a UAE-based investor at Rs2.51 per share, a regulatory filing said on Monday. The …
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UAE Central Bank imposes $4.7mln in fines on 6 exchange houses
The Central Bank of the UAE (CBUAE) has imposed financial sanctions to the tune of 17.31 million ($4.7 million) on six exchange houses operating in the UAE as part of its efforts to combat money …
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DFSA provides regulatory framework for future of finance
The Dubai Financial Services Authority (DFSA), the independent financial regulator of the Dubai International Financial Centre (DIFC), continues to …
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UAE expected to raise around $3 billion with debut bonds – sources
The United Arab Emirates federal government is expected to raise between $3 billion and $3.5 billion from its debut bond sale, which will comprise three tranches denominated in U.S. dollars, two …
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UAE Markets Its First Federal Bond to Global Investors
The United Arab Emirates is marketing the first bond sale in its 50-year history as a combined federation, joining the rush of emerging-market borrowers tapping investors before the Federal Reserve …
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UAE Central Bank Issues New Guidelines to Combat Money Laundering
The Central Bank of the UAE has issued a new guidance on anti-money laundering and combating the financing of terrorism for its licensed financial institutions (LFIs), which provide services to …
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Bank Accounts for Freelancers in the UAE – Focus Group Session with NeoBank
Opening bank accounts for freelancers – focus group session with NeoBank. We’re excited to invite you to be part of an exclusive focus group session for the region’s new neo bank. In fact, it’s not a …
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UAE to start marketing first federal dollar bond this week
DUBAI: The United Arab Emirates government is expected to begin marketing its first bond as a federation as soon …
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Sheikh Maktoum bin Mohammed meets Finance Ministry officials to review major projects
Provided by Sheikh Maktoum bin Mohammed, Deputy Prime Minister and Minister of Finance, Minister of State for Financial Affair Mohamed Al Hussaini and his predeces …
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US veteran JAILED in Dubai ‘hell hole’ over bank debts will never be allowed to leave
September 2021
A 44 year old PTSD sufferer and Afghanistan veteran (Army & Navy) has been detained in Dubai over a bank deb …
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UAE, key partners hold productive meetings on anti-money laundering reforms
September, the group met counterparts from Argentina, Brazil, China, Hong Kong (Special Administration Region, China), India, Israel, …
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Maktoum bin Mohammed meets the Finance Ministry’s team in Abu Dhabi
Dubai: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister, Deputy Ruler of Dubai and Minister of Finance, today met with the Finance Ministry’s team in Abu Dhabi to review …
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UAE central bank issues new anti-money laundering guidance
The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for its licensed financial institutions (LFIs) which provide …
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ADNOC Drilling lists IPO on Abu Dhabi Securities Exchange
Abu Dhabi National Oil Company (ADNOC) has listed ADNOC Drilling Company. This initial public offering (IPO) will raise over $1.1b …
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Brazil-UAE bilateral trade defies pandemic, with 33% rise in first 8 months 0f 2021
The Vice President inaugurated the Brazilian Pavilion in the Expo 2020 Dubai on Friday evening. Talking about the relevance of the New Development Bank (NDB) set up by the BRICS group of nations …
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UAE enterprises aspiring digital growth consider MoEngage for AI-enabled insights-led customer engagement
As companies worldwide navigate customer engagement in the digital-first era, MoEngage is playing a significant role in digitally transforming the way businesses connect and engage with their …
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UAE’s largest Business Setup Company Creative Zone Expands its Operations into Qatar
There is a massive rise in business enquiries for Qatar, and this increase in company setup is being driven by the multi-tiered investment …
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