Usually, there is a cheque that is provided as a guarantee by the customer at the time of signing up for the loan or credit card. The bank submits the cheque to recover the amo …
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Commercial Bank of Dubai inks partnership agreement with DMCC to provide banking services to their license holders
The agreement was signed between Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai and Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, Dubai Multi Commoditie …
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Emirates Institute for Banking and Financial Studies recognizes eight UAE Banks for Emiratization drive
Dubai-UAE: Emirates Institute for Banking and Financial Studies , a regional leader in banking and finance education and training, today awarded eight leading UAE banks for their …
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Mubadala-owned Yahsat opens IPO to UAE investors
Yahsat’s share sale marks the first IPO in Abu Dhabi since Abu Dhabi National Oil Co. for Distribution PJSC began trading in 2017 …
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Mubadala’s Yahsat aims to raise up to Dh3 billion in Abu Dhabi IPO
This will be the first major listing on the Abu Dhabi bourse after ADNOC distribution Dubai: Abu Dhabi sovereign investor Mubadala’s satellite company Yahsat has set an indicative price range for its …
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HSBC joins Dubai Economy’s UAE KYC Blockchain Platform
Dubai Economy is delighted with HSBC going live on the UAE KYC Blockchain Platform. Investors now have an additional choice of digitally opening bank account with the internati …
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Video: Sheikh Mohammed revamps Dubai Chamber of Commerce
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Saturday announced key structural changes to the Dubai Chamber of Commerce. The …
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Sheikh Mohammed approves structure of the Dubai Chambers
Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice- President and Prime Minister of the UAE and Ruler of Dubai approved the structure of the Dubai Chambers, it was announced on Saturday.
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RAKBank sees UAE business loan demand gaining momentum
Speaking to Gulf News, Dhiraj Kunwar, Managing Director of Business Banking at RAKBank said there are clear signs of improving business confidence in the UAE and the bank expects to see How is the …
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UAE, China bilateral trade ties will continue to surge in coming years
The bilateral trade between UAE and China will continue to surge in the coming years as a result of the strong economic relations between the two countries, despite a temporary setback caused by the …
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Islamic Finance is anticipated to show growth by 2026 | Citibank ,HSBC Bank ,Dubai Islamic Bank ,Nasser Social Bank
Advance Market Analytics published a new research publication on “ Islamic Finance Market Insights, to 2026 ” with 232 pages and enriched with self-explained Tables and charts in presentable format.
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Alpha Dhabi plans IPO; set for ADX listing with $2.2bn capital
International Holding Company (IHC) said one of its subsidiaries, Alpha Dhabi Holding, has announced plans to proceed with an initial public offering and also list its ordinary shares on the Abu Dhabi …
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IHC subsidiary plans IPO after Aldar Properties investment deal
Alpha Dhabi Holding, which acquired 12.5% Aldar stake in March, plans to list shares on Abu Dhabi Securities Exchange on Sunday …
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Rivals see ‘fierce’ competition as UAE digital bank Zand prepares for launch
Zand plans to be the first fully independent digital bank in the UAE, with a remit to service both retail and corporate customers.
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Saudi Arabia’s Bank AlJazira to raise $500 mln via Islamic bond sale
Bank AlJazira 1020.SE is expected to raise $500 million on Thursday via an Islamic bond sale, a document showed on Thursday. The bond or sukuk will price in the range of 3.95% to 4.05%, tighter than …
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UAE: De-jargonising hard-to-understand financial news and concepts to an average reader
Dubai: The terms that you come across when watching financial news can often get confusing. The usage of words and the sheer amount of jargon that is used, makes it difficult to understand for the …
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‘More resilient, scalable platform’: Centurion Group acquires UAE-based services player
Aberdeen-headquartered Centurion Group has acquired Specialist Services, a company based in the United Arab Emirates that provides modular buildings, production equipment and other technical services.
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