Qatar has resumed exports of condensate to the United Arab Emirates after a three-year blockade was lifted, with a tanker offloading at the port of Dubai’s Jebel Ali port this week, Refinitiv Eikon …
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Dubai’s DIFC Investments full-year profit declines 74%
DIFC Investments, controlled by Dubai’s tax-free business hub, posted a 74 per cent drop in profit. Full-year profit net income fell to $31m from $118m a year ago, while revenue declined about 8 per …
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Saudi Telecom Company confirms plan to list internet services unit in IPO
The company said that it was now in the process of submitting an application for the registration and offering of its shares to the Capital Market Authority …
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How UAE’s baraka is bringing investing closer to the region’s millennials
Despite the rising interest in investing among millennials globally, the Middle East’s youth population doesn’t have trading platforms that cater to them or present financial news in a relatable …
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Israel Aerospace, UAE weapons maker team up on anti-drone tech
JERUSALEM (Reuters) – Israel Aerospace Industries (IAI) said on Thursday it will jointly develop an advanced drone defence system with United Arab Emirates’ state-owned weapons maker EDGE.
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Emirates NBD integrates website with UAE PASS for seamless digital account opening
Suvo Sarkar, Senior Executive Vice President and Head of Retail Banking and Wealth Management, Emirates NBD Dubai: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and …
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Education Market in UAE will Accelerate at 5% CAGR During 2020-2024 | K-12 Schools Segment to Offer Maximum Opportunities | Technavio
The education market in UAE is set to grow by 378 thousand units, progressing at a CAGR of about 5% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, …
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Dubai Business Hub’s Profit Slumps as Virus Relief Weighs
Dubai International Financial Centre, the city’s tax-free business hub, posted a 74% drop in profit as coronavirus-related measures weighed on its earnings.
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Bank Muscat gives initial guidance for 5-yr dollar bonds – document
DUBAI, March 10 (Reuters) – Bank Muscat gave initial price guidance of between 5% and 5.125% for U.S. dollar-denominated five-year bonds, a document showed on Wednesday. Bank ABC, Bank Muscat …
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UAE starts first independent digital banking platform
The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a leader in the Middle …
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Hedge fund chaired by GB News investor shorting ITV
Marshall Wace has taken a 0.68pc short position on the broadcaster which has suffered from the pandemic-induced downturn …
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Phat flat: Hedge funder nears deal for $153M London penthouse
Quadrature Capital founder and billionaire Suneil Setiya is said to be in talks to buy a penthouse at One Hyde Park in London for around $153 million.
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Hayley Hughes targeted by crook in Dubai who used bank card to book limos
Love Island personality Hayley Hughes realised her bank card was being used without her permission by someone else when she noticed charges for flashy cars and chauffer driven rides …
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UAE is among the world’s fastest-growing tax havens, study finds
The United Arab Emirates, a magnet for the globe’s ultra-rich, has also emerged as one of the fastest-growing corporate tax havens, according to a study released on Tuesday that highlighted the more …
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Dubai-listed bank waives loan fee of Covid vaccinated customers
Dubai-listed Bahraini lender Al Salam Bank is waiving loan fees for customers vaccinated against Covid-19 in the latest regional initiative aimed at encouraging people to take the jab.The …
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Digital Banking: UAE Fintech YAP Launches New App for Local Consumers, Allowing them to Better Manage Finances
UAE -headquartered digital bank YAP will be allowing locals to open a bank account via the platform. There’s also a YAP Mastercard debit card and an app that offers an overview of users’ spending …
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UAE’s Arrow Capital Co-sponsors $240 million Nasdaq tech SPAC in partnership with Silicon Valley-Based VC Tribe Capital
Arrow Capital (“Arrow”), a regulated financial and investment advisory company, with offices in the Dubai International Financial Centre and Mauritius, announces the closing of the initial public …
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