Shares of oil giant Aramco, which listed last month in a record initial public offering (IPO), fell 1.7% to hit … while Saudi stocks plunged 2.2%. Dubai stocks were down 3.1% and the Abu Dhabi …
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UAE stocks expand their rally on development roadmap
Dubai Financial Market closed higher for a third … Other financial stocks to rise were Amlak Finance and Ajman Bank. Property stocks were not left behind with the emirate’s top developer Emaar …
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UAE Sheikh Lays Claim to Oil Cargo U.S. Says Is From Iran
The U.S. attempt to prevent Iran exporting oil suffered a blow after a United Arab Emirates sheikh laid claim to a cargo that Washington seized and alleged is from the Islamic Republic.A company …
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UAE will grant extension to Pakistan for loan repayment, Pakistan officials believe
The time period given to Pakistan for repayment of nearly USD 1 billion from the loans taken from UAE has expired. But the Pakistan …
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UAE Sheikh Claims Ownership of Oil Cargo U.S. Says Is From Iran
The U.S. attempt to prevent Iran exporting oil suffered a blow after a United Arab Emirates sheikh claimed ownership of a cargo that Washington seized and alleged is from the Islamic Republic.A …
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Aafaq Islamic Finance Continues to Support SME’s via Facilities Provided by the “Osool” Program
Aafaq Islamic Finance, a leading company in the Islamic finance sector for individuals and companies affirms its continuous support for local initiative …
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UAE- Bitcoin passes $60,000 for first time
Bitcoin briefly rose above $60,000 for the first time on Saturday, as increasing backing from corporate heavyweights helps the world’s most popular virtual currency continue its record-breaking run.
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Dubai Islamic Economy Development Centre Launches 2021 Plan
The Dubai Islamic Economy Development Centre (DIEDC) lately held its first virtual board meeting for 2021, presided by Sultan bin Saeed Al Mansouri, Chairman of DIEDC. Convening DIEDC’s board members …
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Central Bank of the UAE, Aurora50 sign deal to promote gender diversity
The Central Bank of the UAE (CBUAE) has signed a Memorandum of Understanding (MoU) with Aurora50, a social enterprise focusing on achieving gender-balanced boardrooms in the UAE. The partnership will …
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UAE scam alert: Police warn of fake restaurant websites
UAE residents, beware, fake websites of well-known restaurants are popping up online. ALSO READ: Police warn of 4 tricks used to steal bank accounts. The Ajman Police have warned …
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Dubai to increase tourism capacity by 134% in 2040 -statement
Dubai government said on Saturday it plans to increase its tourism and hotel capacity by 134% over the next 20 years, part of a wider plan to make the emirate more competitive as Gulf countries brace …
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Central Bank of the UAE, Aurora50 partner to enhance female representation
The partnership will advance female representation on public and private sector boards consistent with international best practice through knowledge exchange and building a strong pipeline of female …
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Pakistan confident UAE will rollover $1b loan
The finance ministry has said that it is “confident” that the United Arab Emirates (UAE) will rollover the $1 billion loan that matured on Friday, quelling reports that Dubai had withdrawn the …
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Major blow to Imran Khan, UAE demands its $1 billion back from Pak
The UAE, on the other hand, is not the only country that wants … according to the Pakistani Ministry of Finance and the State Bank of Pakistan (SBP). The country is facing a huge debt crisis and …
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Triterras Buys Invoice Bazaar To Boost Supply Chain Finance
Triterras, which works in trade and trade finance, will be acquiring Invoice Bazaar, which has operations in the UAE and offices in Dubai and India.
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Mideast private equity firms to sell assets as markets strengthen
Private equity firms in the Middle East are preparing to exit a range of investments, a sign that asset markets in the region are recovering from the twin blows of Arab Spring uprisings and the global …
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UAE economy on track for early recovery
The World Bank has predicted that the $414 billion UAE economy would grow by 2.4 per cent in 2022, after a contraction of 6.3 per cent in 2020 and a one per cent rise projected for 2021. The …
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