Ajman Bank and Commercial Bank of Dubai have raised $350 million (Dh1.28 billion) in Murabaha syndicated financing for the government of Pakistan.The two UAE banks acted as mandated lead arrangers and …
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Dubai-based Emirates NBD posts 17% jump in profits
Emirate’s biggest bank’s total income for the first half of 2021 was up 9% to $3.1bn over the first six months of the year due to increased transactional activity and stable net interest margins …
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Ajman Bank and Commercial Bank of Dubai conclude Pakistan’s US$ 350mln Murabaha Syndicated Financing
The transaction was fully subscribed by 12 banks. Ajman Bank PJSC also acted as Investment Agent on the facility …
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Dubai Islamic Bank net profit up 18%
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, has announced an improvement in profitability with a total income of AED5.8 billion and …
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Pakistan’s $350m murabaha syndicated financing concluded by UAE banks
Ajman Bank PJSC and Commercial Bank of Dubai have concluded Pakistan’s $350 million murabaha syndicated financing. Originally mandated for $200m, the Islamic Syndication Facility attracted more than …
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Top UAE Banks See Profits Surge as Impairments Drop on Recovery
The three largest banks in the United Arab Emirates reported a drop in impairment charges by nearly a third in the first half as they took advantage of an economic recovery from the Covid-19 pandemic.
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GCC Outbound Travel and Tourism Market to Witness Soaring Growth over 2019-2028; UAE Market to Touch USD 30,484.37 Million in 2028
Key Companies Covered in the GCC Outbound Travel and Tourism Market Research Report Are airlines, hotel chains, travel agencies, travel insurance companies, and other key market players.New York, …
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Fake website of UAE Embassy in India blocked
A fake website of the UAE Embassy in India being used to extort money from UAE residents stuck in India due to the COVID-19 entry restrictions has been blocked after the scam came to light following …
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More UAE companies now hiring Emiratis
Provided by Khaleej Times More UAE companies now hiring Emiratis . More private sector companies in the UAE are looking to hire talented Emiratis, particularly in technology, f …
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Invest Africa and Standard Chartered Private Bank announce strategic partnership
Invest Africa ( the leading business and investment platform for African markets, and Standard Chartered Private Bank, a leading international private bank for emerging market clients, are pleased to …
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UAE Central Bank Issues New Guidance On Anti-Money Laundering And Combatting Financing Of Terrorism
The Central Bank of the UAE (CBUAE) has issued a new Guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for its licensed financial institutions (LFIs) on the …
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Dubai logistics firm Tristar Group sees net profits shoot up 66% in first-half 2021
Tristar says upbeat results show operational ‘resilience’ amidst improving conditions Dubai: The Dubai-based logistics company Tristar Group recorded gains on both revenues and net profit for the …
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Neobanks are Making Inroads in the United Arab Emirates with Fintech Adoption Rising in MENA: Report
Neobanks are making inroads in the United Arab Emirates, with Fintech adoption rising across MENA region: Report.
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Thomas Barrack pleads not guilty to being UAE agent and says he’s ‘100% innocent’
Thomas Barrack, the billionaire fundraiser and longtime friend of former President Donald Trump, pleaded not guilty on Monday to federal charges that he illegally lobbied the U.S. government on behalf …
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Trump ally Barrack pleads not guilty in UAE case
Billionaire private equity investor Thomas Barrack – a close ally of former President Donald Trump – pleaded not guilty to charges of illegal lobbying for the United Arab Emirates on Monday, putting …
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UAE: Is taking a part ownership in real estate truly worth your money?
Owning fractions of property through real estate crowdfunding and REITs Dubai: Many people strive to invest in real estate in the UAE to make monetary gains. The UAE’s appeal as a property investment …
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Al Bayader secures funding for UAE’s largest food packaging complex
Dubai: Al Bayader International, the packaging and cleaning solutions provider, has secured medium-term financing to build the region’s largest food packaging industrial complex in Sharjah’s Al Sajaa …
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