UAE’s banking sector outlook remains strong with stable outlook supported by the stable outlook on the UAE and Abu Dhabi sovereign ratings, rating agency Fitch said. Among the Fitch rated banks, the …
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United Arab Emirates says a Chinese coronavirus vaccine appears 86% effective
The UAE, home to Dubai and Abu Dhabi, conducted a trial beginning in September of the vaccine by Chinese state-owned pharmaceutical giant Sinopharm …
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UAE get the top sovereign credit rating in the region
The UAE government received an Aa2 rating in creditworthiness – which is the highest sovereign rating in the region – with a stable outlook for the national economy by the international rating agency, …
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Emirates Islamic launches digital banking platform
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched “businessONLINE” a digital business banking platform, to help businesses in the UAE manage all their …
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Moody’s affirms UAE credit rating, making it regional leader: Sheikh Mohammed
The nation’s creditworthiness rating remains at Aa2, making it the highest-rated Gulf country following the announcement in September that Kuwait would be downgraded from Aa2 to A1. Sheikh Mohammed …
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RAKBANK Chooses Anomali Threat Intelligence Product Suite to Detect Threats Across its Banking Infrastructure
Anomali, the leader in intelligence-driven cybersecurity solutions, announced today that the National Bank of Ras Al Khaimah (RAKBANK), is deploying Anomali to operationalize threat intelligence …
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China’s Covid vaccine from Sinopharm is 86% effective, UAE says
“The announcement is a significant vote of confidence by the UAE’s health authorities in the safety and efficacy of this vaccine,” the UAE’s Health Ministry said Wednesday. The Phase 3 trials …
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DC Finance Announces First of its Kind United Arab Emirates Family Office and (Israeli) Technology Focused Sessions and Conference
DC Finance, the international community and curator of events for high net worth individuals, family offices, and investors, announced today that it will host the first family office and investor …
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Dubai-based GIFS allocates $1B for projects identified by ABiQ
Dubai based investment bank Global Islamic Financial Services (GIFS) will allocate $1B to fund projects identified by ABiQ Business Intelligence (ABiQ), global business intelligence firm. Business …
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Dubai investment bank allocates $1bn for Middle East, Africa construction projects
A Dubai-based investment bank has allocated $1 billion to finance active construction projects across the Middle East and Africa. Under a memorandum of understanding with ABiQ Business Intelligence …
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Dubai launches online payments platform for ‘under-banked’ merchants
Dubai has launched a payment platform that will bring on board ‘under-banked’ merchants or even those who don’t have such banking facilities. They will now be able to engage in cashless transactions …
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Europe’s supply chain finance fix feeds hidden debt fears
European companies hit by the coronavirus crisis are increasingly turning to a complex financial tool to pay suppliers, raising investor concerns around “hidden” debt.
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TRA foils 821,028 cyberattacks in the UAE
The Telecommunications Regulatory Authority (TRA) has foiled 821,028 cyberattacks in the UAE till November, Emarat Al Youm, an Arabic newspaper reported on Tuesday. The TRA said that the cyberattacks …
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Sprii creditors warned they may face long wait to get their money back
Dubai-based lawyer says liquidation of online shopping platform may be a long process with no guarantee of retrieving funds …
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UAE Eases Oil Supply Cut to Asia After OPEC+ Compromise Deal
The United Arab Emirates will provide Asian oil buyers with a little more crude next month after OPEC+ reached a compromise deal on cuts.
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Currency smuggling: Customs seeks MEA nod to interview UAE diplomats
The customs has sought permission from the Ministry of External Affairs (MEA) to ‘interview’ the consul-general and the attaché at the UAE consulate in Thiruvananthapuram to take forward the probe …
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Israel’s Honeymoon With the United Arab Emirates Is Grotesque
Since normalizing relations in September, Israel and the United Arab Emirates have teamed up to do what both do best: trample on democratic freedoms, commit atrocities, and whitewash occupation.
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