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Tag: finance

Posted on 31/07/2020

UAE e-Gift Card Industry Outlook, 2020-2024

The “United Arab Emirates Digital Gift Card (e-Gift Card) and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Market Size and Forecast (2015-2024) – COVID-19 Update Q2 2020” …
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Posted on 30/07/2020

UAE oil trader GP Global uncovers fraud among employees – letter

United Arab Emirates-based oil trader GP Global has uncovered fraud within the company and filed criminal complaints against some of its employees, its legal representative said in a letter to the …
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Posted on 30/07/2020

SIM swap fraud: UAE bank told to reimburse customer’s life savings of Dh4.7 million

Expert report holds bank responsible for the financial loss, says lawyer Dubai: The Dubai Court of Appeal has upheld a judgment which held a local bank responsible for a Dh4.7 million SIM card swap …
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Posted on 30/07/2020

Credit Suisse Hiring Morgan Stanley Dubai Banker Luthra

Credit Suisse Group AG is hiring Morgan Stanley dealmaker Tara Luthra to help expand its investment banking operations in the Middle East, according to people familiar with the matter.Luthra will …
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Posted on 29/07/2020

UAE support helps 272k bank customers

More than 272,000 customers of banks, including 260,000 individuals and 9,527 SMEs have benefitted from the AED50 billion ($13.61 billion) Targeted Economic Support Scheme provided by the UAE’s …
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Posted on 29/07/2020

UAE- National economy is strong and resilient to overcome crises: Al Khoori

Secretary of Ministry of Finance, has said that the UAE has proven itself to be a model to the world when it comes to dealing with the novel coronavirus, Covid-19, thanks to the guidance of the …
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Posted on 29/07/2020

UAE businesses explore Panama’s competitive advantages

Recent Dubai Chamber webinar attended by Panamanian Minister of Private Investment and 58 public and private sector stakeholders from the UAE and abroad …
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Posted on 29/07/2020

First Abu Dhabi Bank joins Middle East lenders in raising provisions

Banks in the Gulf region are raising provisions to offset an expected increase in sour loans due to the twin shock of plunging oil prices and the coronavirus fallout …
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Posted on 29/07/2020

Gold price surge blessing in disguise for Indonesia

The recent surge in gold prices could be a boon for Indonesia, despite the economic risks that loom behind the spike in demand for the safe haven commodity. The price of bullion touched its highest …
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Posted on 29/07/2020

The United Arab Emirates fisheries and aquaculture market is projected to register a CAGR of 4.7% during the forecast period (2020-2025

New York, July 28, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “United Arab Emirates Fisheries and Aquaculture Sector – Growth, Trends and Forecast (2020 – 2025 …
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Posted on 29/07/2020

UAE economy is strong and resilient to curb crises: Official

Secretary of Ministry of Finance, has said that the United Arab Emirates has proven itself to be a model to the world when it comes to dealing with the novel coronavirus, COVID-19, …
( read original story …)


Posted on 28/07/2020

Network International to acquire Africa’s leading online commerce platform DPO for $288m

Acquisition to accelerate Network’s Africa growth through online payments and mobile money Dubai: Network International Holdings plc, the Dubai headquartered enabler of digital commerce across the …
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Posted on 28/07/2020

Instinctif, Advert One complete IPO advisory role for Amlak International

RIYADH — Instinctif Partners and Advert One have completed their role in providing strategic communications counsel and public relations to Saudi Arabia’s leading non-bank real estate lender, Amlak …
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Posted on 28/07/2020

KKR’s corporate lending arm to merge with NBFC startup Incred Finance; to emerge as largest shareholder

KKR’s investors including the US-based Teacher Retirement System of Texas and UAE’s sovereign wealth fund Abu Dhabi Investment Authority will become the largest investors in the merged entity.
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Posted on 28/07/2020

Abu Dhabi Commercial Bank cuts employees

Speculation is that these job cuts number around 400 staffers Dubai: Abu Dhabi Commercial Bank (ADCB) is letting go hundreds of employees – the latest in a round of lay-offs by regional banks as …
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Posted on 28/07/2020

The Business Of Social Media Influencers In The UAE

We look into how the business of influencers is operated in the UAE and what legal ramifications could be in store for an influencer’s failure to influence.
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Posted on 27/07/2020

BCCI writes to UAE ahead of proposed 2020 IPL move

The Indian Premier League is close to a temporary move to the United Arab Emirates amid the coronavirus pandemic.
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