CBD can offer up to Dhs10m financing to an SME, and 50 per cent of the facility amount will be either guaranteed or co-lent by EDB.
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UAE remittances for family support, savings surged to $1.9bln in 2020: HSBC
Remittances by UAE residents who are looking to assist family members overseas have increased sharply during the coronavirus pandemic, HSBC UAE said on Wednesday. Out of the 1.7 million payment …
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Abu Dhabi’s Mubadala hires banks for Yahsat’s IPO-sources
Abu Dhabi state investor Mubadala has hired banks for the planned initial public offering of Al Yah Satellite Communications Company (Yahsat) which could raise over $500 million, three sources said.
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Emirates Development Bank, Commercial Bank of Dubai to offer credit guarantee, co-lending to SMEs
The partnership will focus on providing strategic financing solutions to SMEs Abu Dhabi: The Emirates Development Bank (EDB), fully owned by the UAE Federal Government has signed a Memoradum of …
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UAE: Beware of bank charges for insurance policy on cash advance from credit card
Bank resolved the issue after Gulf News’ intervention …
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UAE, Israel Ink Tax Treaty to Promote Bilateral Trade
The UAE and Israel on Monday signed a tax treaty on Monday to avoid double taxation that will help promote bilateral trade and investment in years to co …
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MoF organises a workshop on the Government of Dubai’s experience in applying accrual accounting in line with the IPSAS
The workshop, which was attended by members of the Departments of Finance in the UAE governments and officials from MoF …
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Israel, UAE sign tax agreement
Israel said Monday it has signed a joint taxation agreement with the United Arab Emirates (UAE) as part of efforts to boost their economic and commercial cooperation. “I have signed a tax agreement …
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UAE’s military presence in Yemen raises concerns
Latest reports about the construction of an Emirati airbase on Yemen’s Perim Island have raised concerns about the country’s sovereignty and security of international naval trade routes. Satellite …
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UAE’s liquid assets up to $132bln in first quarter of 2021: Central Bank
Liquid assets held by UAE-based banks increased 2.6 percent to AED486.58 billion in Q1’21 from AED474.136 bn in the last quarter of last year, according to the UAE Central Bank’s Core Financial …
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Liquid assets in UAE banks up to Dhs486.58bn in Q1 2021
Liquid assets held by UAE-based banks increased 2.6 per cent to Dhs486.58bn in Q1 2021 from Dhs474.136bn in the last quarter of last year, according to the UAE Central Bank’s Core Financial Soundness …
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Liquid assets in UAE banks increase to Dhs486.58bn in Q1 2021
Liquid assets held by UAE-based banks increased 2.6 per cent to Dhs486.58bn in Q1 2021 from Dhs474.136bn in the last quarter of last year, according to the UAE Central Bank’s Core Financial Soundness …
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Experts join Emirates Institute for Banking and Financial Studies’ webinar to assess regulatory impact on capital adequacy
The speakers examined the myriad steps taken by the financial sector to stem the flood of disruption unleashed by the pandemic, from a regulatory standpoint such as improving operational resilience, …
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Increased international investment in Dubai will come – but leading banking official urges patience
Speaking at the AB Forum event on Monday, Maurice Gravier, chief investment officer, wealth management, Emirates NBD, said his is bullish about the regional market …
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UAE residents alert: 10 ways to protect yourself from online scams
There are seasonal scams with tax returns and tax submissions. Recently there was a wave of ‘eCommerce return’ scams when a victim receives an email looking like a legitimate purchase confirmation …
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Saudi car rental firm achieves 40% growth in 2020
The vehicle rental market in Saudi Arabia is forecast to grow by 7.5% per annum between 2020 and 2026 This website uses cookies to improve your online experience. They were placed on your computer …
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MIDEAST DEBT-UAE sukuk standards slow issuance, distort prices, investors say
The adoption by the United Arab Emirates of certain sharia-compliance standards has slowed the issuance of Islamic bonds from the Gulf, adding to a chronic supply-demand imbalance, market sources said …
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