Sovereign funds, foreign investments, oil companies’ low-profile borrowing or sales of shares, Gulf countries are in search of the winning martingale to (…) …
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Dubai-based Huspy creates UAE’s largest home financing platform
Built to put customers in control of their home purchase, Huspy’s technology product for customers and lenders will underpin the combined business. Dubai-based Huspy creates UAE’s largest home …
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Dubai: Bank employee jailed for selling customers’ data to scammer
The employee provided clients’ data, including their phone numbers, card and account details, in exchange of money …
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UAE hosts meeting of Finance and Investment Committee of Saudi-Emirati Coordination Council
The UAE, represented by the Ministry of Finance (MoF), hosted the meeting of the Finance and Investment Committee of the Saudi-Emirati Coordination Council, which took place at the Partners Building …
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Excelerate Energy files IPO papers
The leaders of Excelerate Energy LP have filed papers to take public the Texas-based liquid natural gas infrastructure company. Formed in 2003, Excelerate runs what it says is the world’s largest …
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UAE hosts finance and investment committee of the Saudi-Emirati coordination council’s meeting
The UAE, represented by the Ministry of Finance (MoF), hosted the meeting of the Finance and Investment Committee of the Saudi-Emirati Coordination Council, which took place at the Partners Building …
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Dubai: How to pay traffic fines in interest-free instalments; all your questions answered
Paying off traffic fines just got a lot more convenient. The Dubai Police has introduced the Fines Instalment Services, which allows drivers to pay off their traffic fines in interest-free, monthly …
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Get ready to pay higher interest rates on your loans in UAE as early as March
Dubai: The Federal Reserve Chairman Jerome Powell, testifying at his confirmation hearing on Tuesday said he wouldn’t hesitate to raise the interest rates to rein in inflation. A hike in interest US …
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Dubai Crown Prince Sheikh Hamdan congratulates brother Sheikh Maktoum on birth of baby girl
Dubai: Sheikh Hamdan, Crown Prince of Dubai and Chairman of the Executive Council, today congratulated his brother Sheikh Maktoum bin Mohammed b …
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Inside the banking struggles of UAE’s start-ups
Hefty minimum-amount requirements combined with a bureaucratic and lengthy procedure are just some of the hurdles the country’s entrepreneurs face when setting up an account for their small businesses …
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Qatar National Bank 2021 profit up 10% driven by loan growth
Qatar National Bank, the Gulf’s biggest bank by assets, on Tuesday reported a 10% increase in annual net profit driven by loan growth.
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UAE – ADX, FTSE Russell to create new benchmark indices
The Abu Dhabi Securities Exchange’s (ADX) robust strategy to be recognised as a global exchange was manifested on Tuesday with the announcement of its partnership with FTSE Russell — a wholly-owned …
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Let universities start taking up ‘green finance’ courses in a big way
Universities are ideal to prepare world’s young to learn what is best about funding green With the UAE to host COP28 in 2023 and pledging to become net-zero by 2050, the country is at the cusp of a …
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One of the world’s biggest wealth funds targets sustainable finance
Kuwait Investment Authority has applied the ESG standard set by an independent globally-recognised ESG benchmark provider.
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UAE economy shifts course from recovery to solid growth
The latest growth forecast from the Central Bank of UAE (CBUAE) exudes confidence in the UAE’s ability to transform the gradual economic recovery achieved during the past 18 months into a solid growth …
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Dubai Multi Commodities Centre achieves record growth
Authority has announced that it achieved its best year on record, attracting 2,485 companies, representing 146 geographies, to Dubai in 2021. The record-breaking performance follows on from the 2,025 …
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The role of SMEs in boosting the trade relationship between Brazil and the UAE
Small businesses account for 99 per cent of all enterprises in Brazil and 95 per cent of private sector companies in the UAE …
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