ITP.net’s ‘Cashing in on Digitalisation in Banking’ event is set to air on 9th February and will feature top insights from banking, finance and technology leaders …
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UAE: Cleaner steals Dh10,000 at Dubai bank, stands trial
An Asian cleaning worker of a bank stood trial in a Dubai court for stealing Dh10,000 from the bank. According to court documents, the man was arrested after a woman employee at the bank complained …
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UAE hosts sixth Arab Finance Deputies Meeting
The UAE hosted the sixth Arab Finance Deputies Meeting, organised by the Arab Monetary Fund (AMF) in cooperation with the UAE Ministry of Finance (MoF). virtually on 20th and 21st January. Younis Haji …
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HSBC plans ambitious UAE growth with balance sheet of ‘billions of dollars’
Abdulfattah Sharaf, group general manager, CEO of HSBC UAE and head of international, HSBC Bank Middle East Limited, speaks exclusively to Arabian Business as the lender prepares to open its new priva …
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Trump removes tariffs on aluminum from UAE shortly before leaving office
In his final hours as president, Donald Trump lifted a 10 percent tariff on aluminum from the United Arab Emirates (UAE).
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How the UAE, Saudi Arabia are stepping up plans to attract more foreign investment
Abu Dhabi Investment Office chief confident of retaining ‘competitive advantage’ as competition in the Gulf heats up …
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UAE Phone Operators Surge on Plan to Raise Foreign Ownership
The two main phone operators in the United Arab Emirates surged after saying they may raise limits on foreign ownership, joining others in the region seeking to attract more overseas investment.
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Al Mal Capital’s REIT officially lists on Dubai stock exchange
Al Mal Capital ’s real estate investment trust (REIT) has officially listed on the Dubai Financial Market (DFM), following the successful initial public offering (IPO) last year. The listing is …
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In Gulf’s Tug-of-War Over Multinationals, UAE Looks to Keep Edge
The United Arab Emirates can stand its ground against Saudi Arabia’s effort to redraw the Gulf’s corporate map by enticing multinationals to move their headquarters to Riyadh, according to Abu Dhabi’s …
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Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO – sources
Saudi Basic Industries Corp (SABIC) has hired NCB Capital to advise on a potential listing of its speciality chemicals business, an offering that could raise several hundred million dollars, three …
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Dubai’s Al Mal Capital property fund sets upper limit on non-UAE investments
Investments in projects under development will never exceed the 25 per cent mark, according to the Dubai real estate fund operator Al Mal Capital REIT. Nor will the fund breach the 25 per cent mark …
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After Saudi Arabia, UAE could seek early repayment of loan to Pakistan
The UAE hasn’t indicated whether it will extend a $1 billion loan – part of the $3 billion package – that will become payable on January 24, The Express Tribune newspaper reported, citing sources in …
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Abu Dhabi Department of Finance launches Dh6 billion supply chain financing initiative
“The UAE has made remarkable strides as a leading … We are pleased to partner with the Department of Finance and FAB to ensure business continuity and liquidity for those committed to …
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Abu Dhabi to shore up healthcare SMEs with Dh6bn finance package
For phase one, the UAE capital’s Department of Finance has partnered with National Health Insurance Company (Daman) and First Abu Dhabi Bank to support companies in the healthcare sector …
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Deliveroo valued at $7bln after raising $180mln before IPO
Deliveroo has raised more than $180 million in a new funding round and is set to expand its business globally. The latest funding round values the food delivery firm at over $7 billion. The …
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Saudi Arabia’s Top Bank Follows UAE Rivals to Dollar Bond Market
Saudi Arabia’s National Commercial Bank hired advisers to tap the dollar bond market, joining rivals in the neighboring United Arab Emirates to take advantage of investors’ appetite for yield.
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Dubai Stocks Fall Most in Mideast as Earnings Roll In: Inside EM
Dubai stocks led losses in the Middle East as companies started reporting results across the region and the number of coronavirus cases surged.
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