The UAE’s Mars-bound Hope mission has successfully launched from Japan’s Tanegashima Space Center aboard a Mitsubishi H-2A rocket. About an hour after liftoff, the Hope Probe separated from the rocket …
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UAE’s Sirajpower Secures a $50 Million Portfolio Debt Financing From APICORp
SirajPower, UAE’s leading distributed solar energy provider, today announced it has signed a $50 million long-term non-recourse credit facility for sola …
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What UAE SMEs need is a full-scale revival plan
The task before you – to catalyze entrepreneurship and attract businesses to the UAE – is a challenging one. We hope the broad scope of issues to be tackled, is accompanied by the appropriate latitude …
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Most-wanted Wirecard executive transferred large amounts of Bitcoin from Dubai to Russia—Report
The former chief operating officer at disgraced payments firm Wirecard has reportedly transferred bitcoin from Dubai following his escape from Germany, according to reporting by German media. Jan …
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UAE- Khaleej Times to host virtual summit for finance, accounting
Khaleej Times has announced its next virtual summit, New-Age Finance and Accounting Summit , exclusively for the finance and accounting industry in the region. The two-day virtual event will take …
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UAE- Obaid Al Tayer participates in 3rd meeting of G20 Finance Ministers and Central Bank Governors
DUBAI, 19th July, 2020 (WAM) — Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, participated in the third regular meeting of the Group of Twenty, G20, Finance Ministers and Central …
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UAE- HDFC Bank June quarter profit rises by a fifth, warns of higher defaults
The net profit of India’s largest private lender, HDFC Bank Ltd, grew by nearly a fifth, it said on Saturday, driven by higher interest income and lower costs.HDFC Bank’s net profit for the quarter …
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UAE- 2,584 companies operating at DIFC, 13% YoY increase
DUBAI, 18th July, 2020 (WAM) — Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, continued to drive the …
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UAE- Hamdan bin Rashid appoints Board of Trustees of Al Maktoum Foundation
DUBAI, 18th July, 2020 (WAM) — H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, has appointed a Board of Trustees of the Al Maktoum Foundation, headed by …
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Covid-19: Be smart online and stay away from cybercriminals, warn UAE police
As people stayed home and life moved more into online activities during the Covid-19 pandemic, fraudsters also became active in the cyber world, targeting online users. With movement restrictions and …
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Saudi economy likely worse in Q2 despite June improvement: c.bank governor
Saudi Arabia’s economy likely deteriorated more in the second quarter than in the first three months of the year, the Saudi central bank governor said on Saturday. Speaking at the end of a virtual …
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UAE- DIFC beats odds, attracts more firms despite Covid
Dubai continues to be a magnet for financial and fintech firms even during the coronavirus pandemic as the number companies at the Dubai International Financial Centre (DIFC) increased by 13 per cent …
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G-20 Finance Officials Stop Short of Recommending Debt Freeze Extension
Finance officials from the Group of 20 countries Saturday called for all official bilateral creditors to implement fully a short-term debt freeze for the world’s poorest countries, but they stopped …
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G20 Finance Officials Stop Short of Recommending Debt Freeze Extension
Sources briefed on the G20 meeting said there was strong support for extending the standstill beyond the end of 2020, given the severity of the economic fallout from the coronavirus pandemic, but the …
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Saudi economy likely worse in second quarter despite June improvement – central bank governor
Saudi Arabia’s economy likely deteriorated more in the second quarter than in the first three months of the year, the Saudi central bank governor said on Saturday.
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HDFC Bank will return funds debited from Altico’s account: Aditya Puri
HDFC Bank, which had lent money to NBFC Altico, had debited ₹210 crore from its account last year. Altico had raised the money through ECB from Dubai-based Mashreq Bank, which had been deposited in …
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L&T Finance Holdings to wind up Dubai wealth management business as sale plan falls apart
UAE L&T Finance Holdings Ltd (L&TFH) on Friday said it has decided to wind up its Dubai-based subsidiary L&T Capital Markets (Middle East) Ltd, after the proposed sale plan didn’t materialise. In …
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