Arabian Centres, which operates 21 shopping centres across Saudi Arabia, made its debut in the international sukuk market in 2019 with a $500 million issuance, after going public …
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Israel and UAE Sign Agreement to Fight Terror Financing and Money Laundering
The establishment of relations between Israel and the UAE created “tremendous new economic opportunities,” but fearing that criminal and terrorist financiers may take advantage of the opportunities to …
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OPPO’s most innovative camera smartphones and first-ever “all-5G” Reno5 series launches in the UAE
Global technology brand, OPPO, broke new ground today by introducing 5G-only models at the grand launch of its latest Reno5 series of smartphones in the UAE. At an engaging virtual event themed …
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Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, successfully concluded its Annual General Meeting (AGM) held remotely at the bank’s headq …
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UAE gross bank assets at Dhs3.172 trillion at the end of January
Gross credit in the banking system grew from Dhs1.779 trillion by the end of December 2020 to Dhs1.779.2 trillion in January 2021 …
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MIDEAST STOCKS-UAE bourses fall as banks drag, ex-dividend stock hits Qatar
Stock markets in the United Arab Emirates (UAE) traded lower on Wednesday, dragged down by banking shares, while the Qatari index was pressured by Qatar Navigation trading ex-dividend. March 17 …
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Hedge-Fund Trader Shah Now Faces Cum-Ex Charges in Germany
Sanjay Shah, the founder of hedge-fund Solo Capital Partners LLP, was charged in Germany with money laundering over trades linked to the Cum-Ex tax scandal.Shah and six others were indicted by Hamburg …
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MPs on spot for Sh10m Dubai finance training
Parliament is on the spot over a five-day trip by to Dubai by more than 20 MPs for a master class on financial management. The lawmakers left Nairobi on Thursday for the training touted as a way to …
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UAE’s gross banking assets stand at Dhs3.172tr by end of January
The UAE gross bank assets, including bankers’ acceptances, rallied to Dhs3.172 trillion by the end of January 2021, figures by the Central Bank of the UAE have shown.
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Kalyan Jewellers IPO: Should You Buy It? Expert Take
Kalyan Jewellers Initial Public Offering (IPO) is taking place today. One of India’s top jewellery brands Kalyan Jewellers is offering a Rs 1,175 crore IPO. Out of the total, Kalyan Jewellers is …
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Kalyan Jewllers IPO: Should You Buy It? Expert Take
Kalyan Jewellers Initial Public Offering (IPO) is taking place today. One of India’s top jewellery brands Kalyan Jewellers is offering a Rs 1,175 crore IPO. Out of the total, Kalyan Jewellers is …
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Easy Trip Planners IPO allotment status: Here’s how to check
The initial public offering or IPO share allocation of the Easy Trip Planners will be finalised on Tuesday, March 16, 2021.
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UAE’s Pure Harvest secures new funding for AgTech expansion plan
Smart Farms has its eyes set on scalability and growth after securing $50 million in funding through a sukuk (Sharia-compliant bonds) finance solution led by asset ma …
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Dubai-Based Blockchain Investment Firm IBC Group to Move Headquarters to Toronto, Joining Canada’s Growing Blockchain Eco-System
TORONTO, ON & NEW YORK, NY / ACCESSWIRE / March 15, 2021 / Khurram Shroff, Chairman of Dubai’s IBC Group, has confirmed that the company will move its corporate headquarters to Toronto, the capital of …
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Overall liquidity in UAE banking system back to pre-Covid levels – Central Bank
The governor of the Central Bank of the UAE (CBUAE) said on Monday that the overall liquidity of the UAE banking system has returned to pre-Covid levels. The observation was made during a meeting …
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Liquidity of UAE banking system back to pre-COVID-19 levels: central bank governor
More than 320,000 customers, including individuals, SMEs and other private corporations have benefitted from the TESS scheme so far …
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UAE Banking sector liquidity back to 2019-level: Central Bank Governor
Abu Dhabi: The overall liquidity of the UAE banking system returned to the pre-COVID level according to Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE (CBUAE). The Governor …
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