The Taliban said that they transferred nearly USD 18 million from the central bank of Afghanistan-Da Afghanistan Bank- to the Ministry of Finance on Sunday, reported local media.
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Public-private projects worth Dh25 billion announced in Dubai
Projects worth Dh25 billion ($6.81 billion) will be built using both public and private money, under plans announced by Dubai’s government on Sunday. Sheikh Maktoum bin Mohammed, Deputy Ruler, Deputy …
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Over half of UAE customers are willing to leave their current bank, survey reveals
High interest rates, unmet needs, and poor customer service were cited as the top reasons driving the switch, according to the new BCG survey …
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UAE customers seek ‘superb digital experiences’ when choosing banks
UAE banks are also ranked ahead of international peers and there is a strong appetite for digital banks nationwide, according to BCG. UAE customers seek ‘superb digital experiences’ when choosing …
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UAE: When can a bank shut a customer’s account without prior notice?
Banks in the UAE need to inform customers in writing at least 60 days in advance if they intend to close an account …
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UAE: 4 jailed for forging govt documents to obtain Schengen visa
The Dubai Criminal Court has sentenced four Asians to a six-month jail term, followed by deportation, on charges of forging their UAE entry visa, ba …
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UAE recovery on firm footing, says World Bank report
The UAE’s economy is showing signs of recovery in 2021 driven by a successful vaccination programme and a reduction in Opec+ oil production cuts, said a new report.”Over the medium term, the recovery …
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Blinken to meet Israeli, UAE counterparts next week
U.S. Secretary of State Antony Blinken will meet with his Israeli and United Arab Emirates counterparts next week to discuss progress made on the so-called Abraham Accords as well regional security, …
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Abu Dhabi Sustainability Week Opening Ceremony and Zayed Sustainability Prize Awards Ceremony will take place at Expo 2020 Dubai
Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainable development, hosted by Masdar, has today announced a new collaboration, which will bring elements of the Week to …
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UAE economy to grow faster at 4.6% in 2022: World Bank
The UAE’s economy is showing signs of recovery in 2021 driven by a successful vaccination programme and a reduction in Opec+ oil production cuts, said a new report.”Over the medium term, the recovery …
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UK fintech expands to Dubai, targets rise in foreign real estate investments
Cornerstone, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, has opened an office in Dubai …
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What to expect from the third quarter financial results of UAE banks
Dubai: UAE banks will declare their third quarter results staring next week, Assets, credit and deposit growth in the UAE’s banking sector in the second quarter of 2021 pointed sustained recovery of …
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UAE announces Net Zero by 2050 strategic initiative
The United Arab Emirates today announced the UAE Net Zero by 2050 Strategic Initiative, a national drive to achieve net-zero emissions by 2050, maki …
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Icecap Announces Six Luxurious Jewelry Pieces for NFT BAZL Dubai
Icecap, LLC, the first company to offer investment-grade diamonds via NFT technology, announced that it will provide six valuable gem and jewelry pieces to the upcoming NFT BAZL in Dubai. The event is …
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UAE issues first sovereign bonds
The UAE, the Arab world’s second-largest economy, issued multi-tranche sovereign bonds for the first time as a federation as the country looks to raise fresh funding amid low interest rates globally.
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MobiKwik’s Rs 1,900 cr IPO gets greenlight from regulator
Digital payments firm MobiKwik, which had filed its draft papers for an initial public offering worth Rs 1,900 crore in July, …
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Dubai health insurance partnership
UAE insurance company Noor Takaful has launched a health insurance product incorporating medical travel. Read the full article.
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