When Declan de Lacy was appointed as liquidator of a company set up to sell forests in Ireland to investors he had no idea that his efforts to recoup their funds would send him on a complex money …
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Top ten UAE banks’ profitability deteriorated in Q3 2020
Top 10 banks have provided borrowers access to Dh51.1billion at the end of the third quarter under the UAE Central Bank’s Targeted Economic Support Sceheme (TESS). We expect the economic …
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DIFC signs agreement with Israel’s Bank Hapoalim
Under the agreement, Bank Hapoalim will become part of DIFC’s global network of banks, financial centres, regulators and companies …
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UAE ‘directly in sync’ with G20 priorities
Leaders of the 20 biggest world economies (G20) are discussing how to deal with the unprecedented Covid-19 pandemic that has caused a global recession and how to manage the recovery once the …
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Dubai’s DIFC, Israel’s Bank Hapoalim sign agreement, says Dubai Media Office
The Dubai International Financial Center (DIFC) and Israel’s Bank Hapoalim have agreed to cooperate across financial services activities, the Dubai Media Office said in a statement on Saturday. “Bank …
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Industry outlook: How has the wealth management space fared in the GCC?
Dubai properties … It is often treated as a hedge against economic uncertainty or political unrest or as a safe haven asset. Stowing the physical metal in the form of coins, bars or jewellery, …
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MoF participates in the final G20 Finance and Central Banks’ Deputies meetings
The first meeting included the G20 Finance and Central Banks’ Deputies in their sixth meeting this year, which was held from 11 to 16 November …
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UAE- Bring home the goodies with Khaleej Times
All good things come to those who read.
Khaleej Times, the UAE’s largest selling English daily, has launched its Subscription Drive to reward its readers who have shown relentless support to …
Saudi fund raises ownership stake in ACWA Power to 50% -statement
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, said on Thursday it has increased its stake in ACWA Power to 50% from 33.6% as part of a move to support the renewable energy sector …
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UAE Escalates OPEC Dispute as Tensions on Output Quotas Grow
(Bloomberg) — The United Arab Emirates ratcheted up tension with oil allies in OPEC+, with officials privately questioning the benefits of being in the producers’ alliance and even considering …
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Mideast Stocks: Saudi, Dubai shares gain; Abu Dhabi declines
Dubai’s main share index added about 0.3% … Qatar National Bank gained 0.7% while another finance stock, Qatar Insurance Co, tacked on 2.5%. Outside the Gulf, Egypt’s benchmark index lost 0.7%, …
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Saudi, Dubai shares gain; Abu Dhabi declines
Saudi shares reversed course to end sharply higher on Wednesday as further positive news on COVID-19 vaccine development cheered investors, while the Abu Dhabi market posted losses on a day when most …
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US unveils star-spangled pavilion for Dubai’s Expo 2020
Star-spangled and featuring a SpaceX rocket module, the US pavilion at the gigantic Expo 2020 Dubai site was handed over Wednesday less than a year before the delayed launch of the world fair. The six …
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Hong Kong, Singapore, Dubai or Nur-Sultan: Where is the Future of Asian Arbitration?
With Beijing spooking some investors in Hong Kong, other Asian cities are angling for prominence as arbitration centers.
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Extension of UAE Central Bank’s support scheme a confidence booster: Bankers
The initiative would shield the economy from the impact of the pandemic and place the UAE in an ideal position to recover, once the pandemic is over …
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Figures released for 50th National Day show Oman-UAE 2019 trade reached $122 ml
Non-oil bilateral trade between the Oman and the United Arab Emirates reached 48 billion dirhams ($122 million) in 2019, the UAE’s state press agency WAM reported on Tuesday, according to figures …
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UAE-Oman bilateral trade reached Dhs48bn in 2019
The UAE’s Ministry of Finance said that non-oil trade between the UAE and Oman in 2019 stood at Dhs48bn, according to statistics reported by state news agency WAM. The ministry said that the UAE’s …
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