The country’s finance minister on Sunday pledged that the government would pour some $13.6 billion into the economy over the next year. Other UAE ministries introduced various government overhauls.
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UAE announces plans to invest billions in economy, liberalize residency for expats
The United Arab Emirates has announced a major plan to stimulate its economy and liberalize residency for expatriates, as the country seeks to overhaul its …
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UAE to Grow Trade Ties in Asia and Africa
The United Arab Emirates will work on economic partnerships with eight countries to enhance trade as it repositions itself as a global hub for business. The Gulf state will expand economic ties with …
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Al Maryah Community Bank integrates application with Telecommunications and Digital Government Regulatory Authority
In co-operation with the Telecommunications and Digital Government Regulatory Authority (TDRA), for the first time in the UAE, Al Maryah Bank has integrated its mobile app to introduce UAEPass banking …
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Mubadala-backed EGA taps banks for IPO at $15bn value
The company has smelters in Abu Dhabi and Dubai and a bauxite mine in Guinea … Mubadala raised $731m in a July IPO of satellite operator Yahsat, in what was Abu Dhabi’s second-largest listing. Abu …
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United Arab Emirates Accepts Appointment of First St Kitts and Nevis Ambassador Justin Kareem Hawley
LONDON, Sept. 5, 2021 /PRNewswire/ — Justin Kareem Hawley was recently appointed as the first Ambassador of St Kitts and Nevis to the UAE. In a meeting that took place between Hawley and the UAE …
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Digital Banking for Young Clients to be Offered by Abu Dhabi Islamic Bank or ADIB
Abu Dhabi Islamic Bank (ADIB), an Islamic financial institution, reveals that it has introduced “Amwali,” which is an Islamic digital proposition meant for youth between the ages of 8 to 18. Amwali is …
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Philippines to lift COVID travel ban on 10 countries including UAE
Philippine President Rodrigo Duterte is lifting a coronavirus ban on travelers from 10 countries including India, the United Arab Emirates and Indonesia, …
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UAE a hotbed for cloud infrastructure players
Dubai corporate sector will be major beneficiary of cloud infrastructure development by Amazon Web Services (AWS) and it will boost trade and investment as well as attract global talent into the …
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BRICS New Development Bank Admits Bangladesh, UAE, Uruguay; India Welcomes New Members
India welcomed the newly appointed members chosen under the expansion drive, Indian External Affairs Ministry spokesman Arindam Bagchi said on September 4 …
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Emirates Global Aluminum close to naming US banks as lead underwriters for planned IPO: sources
All 3 US banks, including Citigroup, could be named for blockbuster IPO Abu Dhabi: Emirates Global Aluminium, the Middle East’s biggest producer of the metal, is poised to select three US banks as …
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International Islamic Trade Finance Corporation (ITFC) and FCI to host Online Conference on Islamic International Factoring
The International Islamic Trade Finance Corporation (ITFC) ( member of the Islamic Development Bank Group (IsDB) is partnering with FCI to host an online conference on Islamic International Factoring.
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Mubadala-Backed EGA Taps Banks for IPO at $15 Billion Value
Emirates Global Aluminium, the Middle East’s biggest producer of the metal, is poised to select three U.S. banks as lead underwriters for its potential initial public offering, people with knowledge …
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Binance US eyes IPO; NFT craze persists: market wrap
The US affiliate of Binance is eyeing an initial public offering within three years, CoinDesk has reported, citing its CEO Changpeng Zhao. Zhao was quoted saying Binance.US “is just going to do what …
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PayBito’s Portfolio Management Solutions to be Deployed in Dubai-based Brokerage Firm
PayBito to provide its portfolio management system software to a Dubai-based Brokerage Firm. Management delights in the continued success of the product. PALO ALTO, Calif., Sept. 3, 2021 …
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Mubadala Taps Banks for IPO of $15 Billion Aluminum Business EGA
A share sale could value EGA, the Middle East’s biggest aluminum producer, at more than $15 billion, the people said. Emirates NBD Bank PJSC and First Abu Dhabi Bank PJSC are also expected to have …
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Trading arm of UAE’s ADNOC secures $1.2bln credit facility
DUBAI- Abu Dhabi National Oil Company (ADNOC) said on Thursday its trading arm has closed a $1.2 billion credit facility with a group of seven local and international banks. The loan will be used to …
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