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Tag: finance

Posted on 19/12/2020

UAE leads region in handling of Covid: Sheikh Mohammed

He tweeted: “According to a survey conducted by the Global Soft Power Index issued by Brand Finance from Britain that was done through a questionnaire sent out to 105 countries around the world… the …
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Posted on 18/12/2020

UAE tops Middle East in handling COVID-19 crisis

The UAE has topped the countries from the Middle East and is 14th in the world in handling the COVID-19 crisis efficiently, according to Global Soft Power Index issued by Brand Finance …
( read original story …)


Posted on 18/12/2020

How Gulf countries compare globally for Islamic finance

Bahrain, the UAE and Saudi Arabia all feature in top 5 of the annual Islamic Finance Development Indicator Bahrain, the UAE and Saudi Arabia have ranked in the world’s top five Islamic finance …
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Posted on 18/12/2020

UAE-based Indian billionaire BR Shetty’s company that owns UAE Exchange sold for $1

UAE-based Indian billionaire BR Shetty’s Finablr Plc is selling … Since then, agreements have been signed-in sectors ranging from banking to mobile phone services. Israel’s Finance Ministry sees …
( read original story …)


Posted on 18/12/2020

How Saudi Aramco IPO proved a game changer in a tumultuous year for oil

Saudi Aramco has got through the year in good shape, with the promises it made in the IPO intact, its share price riding high and with its long-term strategy still in place …
( read original story …)


Posted on 18/12/2020

UAE’s TruKKer gets $10mln funding from US-based Partners for Growth

The debt will be used to finance working capital needs required for the instant payment of thousands of transporters operating on TruKKer’s network …
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Posted on 18/12/2020

UAE’s largest bank opens ‘trade bridge’ with Indonesia office launch

… of its global network into Asia with the opening of a representative office in Jakarta First Abu Dhabi Bank (FAB), the largest lender in the UAE, has announced the expansion of its global network …
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Posted on 17/12/2020

Emirates Airline Writes Off $600 Million In Fuel Hedging Costs Due To Coronavirus

The Dubai-based airline has written off the cost of fuel which it bought but could not use due to travel lockdowns …
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Posted on 17/12/2020

UAE-based Trukker seeks new funding, weighs IPO

Trukker, a UAE-based startup that provides an Uber-like service for trucks, is planning to launch a new fundraising early next year and could eventually be listed on a regional stock exchange.
( read original story …)


Posted on 17/12/2020

A New Beginning For The UAE

Greenberg mentioned that “we are creating new collaboration bridges between the UAE Ministry of Finance and the Israeli Ministry of Finance. There is much potential for R&D cooperation between Israel …
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Posted on 17/12/2020

UAE: Reader disputes bank’s profit charges and late payment fee on credit card

Bank recommends for reversal of the charges after … Dear Reader, This section is about Living in UAE and essential information you cannot live without. Register to read and get full access …
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Posted on 17/12/2020

UAE Exchange Centre’s parent company Finablr is sold to Israeli-UAE consortium for $1

UAE consortium steps in as new owner to try and revive B.R. Shetty owned Finablr London: Finablr plc is selling its business to an Israeli-UAE consortium for $1, capping the collapse of a business …
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Posted on 17/12/2020

UAE Exchange Centre’s parent company is sold for $1

Its foreign exchange businesses and payment-technology operations include one of the largest foreign currency firms in the UAE – UAE Exchange. Finablr revealed in April about $1 billion of debt hidden …
( read original story …)


Posted on 17/12/2020

Mambu opens new office in the United Arab Emirates (UAE)

Mambu announced the opening of its new office in the emirate of Abu Dhabi, as the UAE has quickly become a key market for it.
( read original story …)


Posted on 17/12/2020

UAE-based ‘Uber for trucks’ to seek new funding, weighs IPO

Trukker, a UAE-based start-up that provides an Uber-like service for trucks, is planning to launch a new fundraising early next year and could eventually be listed on a regional stock exchange. “We …
( read original story …)


Posted on 17/12/2020

Failed Xinja spruiked Dubai injection to prospective investors

Former employees have suggested Xinja made poor decisions such as signing an expensive long-term lease at the former headquarters of Facebook in Australia when it was burning cash.
( read original story …)


Posted on 17/12/2020

Middle East’s ‘Uber for Trucks’ to Seek New Funding, Weighs IPO

Trukker, a UAE-based startup that provides an Uber-like service for trucks, is planning to launch a new fundraising early next year and could eventually be listed on a regional stock exchange. “We …
( read original story …)


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