Donation supports Foundation’s A’awen programme, which provides assistance to patients in need of financial aid for medical care …
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Egypt’s Banque du Caire eyes slimmed-down IPO post-Covid
Banque du Caire was on the cusp of completing a $500 million listing in London and Cairo last year when Covid hit. Its chairman Tarek Fayed talks to Euromoney about investing in people and digital – …
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UAE-based Shuaa Capital boss ‘bullish’ on post-Brexit Britain
Jassim AlSeddiqi, group CEO of UAE-based Shuaa Capital, has revealed he is “bullish” about the investment opportunities in the United Kingdom and said that its contentious and protracted exit from the …
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UAE Central Banks latest
The total assets of the Central Bank of the UAE grew 6.6 per cent to hit AED470.5 billion ($128 billion) by the end of December, according to the latest official statistics. The significant growth was …
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UAE is best in region for women economic empowerment
The UAE also achieved a full score in five indicators in the latest report: Movement, Workplace, Wages, Entrepreneurship, and Pension.
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UAE Exchange suitor in merger talks with Bahrain-headquartered BFC Group
The consortium behind the acquisition of UAE Exchange is in advanced discussions with BFC Group Holdings over a potential merger that would create a regional financial services powerhouse. Prism Group …
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UAE, China’s central banks join Hong Kong, Thailand’s cryptocurrency project
The participating central banks will evaluate the project’s feasibility for cross-border fund transfers and capital market transactions, among others.
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Kuwaiti banks’ non-performing loans increase to 2% amid COVID-19 crisis – central bank
The non-performing loan ratio has seen only slight increases, and is still at historically low levels,” the central bank cited its governor Mohammad al-Hashel as saying …
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Beijing is exploring digital yuan cross-border payments by joining with Hong Kong, Thailand, UAE and the Bank of International Settlements
The People’s Bank of China is joining the Multiple Central Bank Digital Currency Bridge, a project exploring cross-border payments using distributed ledger technology, the latest step in Beijing’s …
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Saudi bank profits face strain in 2021 despite economic recovery
Dubai: Saudi banks could find it tough to maintain profitability in 2021 as the Saudi Central Bank lifts its support measures and interest rates expected remain low, according to Standard & Poor’s …
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Onward And Upward: StarzPlay Secures US$25 Million Investment From Ruya Partners To Support Its Growth Ambitions
Investors found that being homegrown is one of StarzPlay’s main advantages over the stiff competition in the region’s SVOD space.
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Central Banks Of China, UAE Join CBDC Cross-Border Initiative
The People’s Bank of China and the Central Bank of the United Arab Emirates … Business use cases will also be explored. Now that the UAE and China have joined the project, the project will “further …
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Middle East Open Banking outfit Tarabut Gateway raises $13m
Middle Eastern Open Banking platform Tarabut Gateway has raised $13 million in what it claims is the largest fintech seed round in Mena history.
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China and UAE central banks explore CBDC for cross-border payments
The central banks of China and the United Arab Emirates are joining their counterparts in Thailand and Hong Kong on a CBDC project investigating cross-border foreign currency payments.
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Ministry of Finance Holds Government Financial Policy Coordination Council’s First Meeting for 2021
The Ministry of Finance (MoF) recently held the Government Financial Policy Coordination Council’s first meeting of the year. His Excellency Younis Haji …
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Dubai shows leniency; allows passengers without QR code
MANGALURU: There’s a temporary reprieve for people flying to Dubai as the Dubai Health Authority (DHA) has been lenient in accepting only RT-PCR negative reports in original form, done 72 hours before …
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Open banking platform Tarabut secures $13mln in region’s largest seed round
Open banking platform Tarabut Gateway has secured $13 million in what is said to be the largest FinTech seed round in the Middle East and North Africa (MENA) region. The fresh capital will be used in …
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