Problem loans at banks in the UAE are likely to increase further once borrower support measures are lifted, S&P Global Ratings said on Sunday. The ratings agency has also given the local banks a group …
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UAE goes live with ‘Trade Connect’, a blockchain-based trade finance platform, to counter fraud risks
Dubai: UAE has rolled out a blockchain-based trade finance platform with the intent of stamping out fraud and financial crime risks such as duplicate- or under- invoicing. The ‘UAE Trade Connect’ …
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Revolutionising digital banking with virtual accounts
Aleta Planet seamlessly integrates simplicity, security, and dynamism in its proprietary technology solutions. Chairman and CEO Ryan Gwee shares …
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S&P views economic, industry risks in UAE’s banking sector as stable
S&P Global Ratings has classified the UAE’s banking sector in group ‘5’ under its Banking Industry Country Risk Assessment (BICRA). After the pandemic started, the UAE Central Bank (CBUAE) implemented …
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Emirates NBD and ECI sign agreement on trade finance
Initative aims to boost the confidence of the financial sector to fund UAE companies towards their manufacturing, export and expansion goals …
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Emirates NBD and Etihad Credit Insurance sign agreement to ease bank’s businesses access to trade finance
Dubai: Etihad Credit Insurance (ECI), the UAE Federal export credit company, and Emirates NBD have signed an agreement that will improve the liquidity of UAE exporters and businesses and enhance their …
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Tristar confirms withdrawal from planned IPO in Dubai
Logistics firm Tristar Transport says board and shareholders believe greater returns can be realised without IPO …
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UAE’s remittance flows need more digital ways to overturn pandemic hit
This approach of balancing digital ambitions with the reality of easing the transition of UAE’s alternatively-banked population is a necessity. It finds support in a survey comp …
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The UAE Cabinet adopts a resolution to reconstitute the Council of the United Arab Emirates University and appoint as its Chair, H.E. Zaki Nusseibeh
H.E. Zaki Anwar Nusseibeh, Cultural Adviser to His Highness The President of the UAE and Chancellor of the United Arab Emirates University The UAE Cabinet has adopted a resolution to reconstitute the …
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Universal, small finance banks: 8 applicants for on-tap licences
On March 22, the RBI set up the SEAC — a five-member committee headed by former RBI Deputy Governor Shyamala Gopinath for evaluating applications for universal banks as well as small finance banks.
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Da Vinci Increases Investment in DataArt
Emerging markets private equity firm Da Vinci Capital has closed a follow-on investment in global software engineering company DataArt. Da Vinci Capital made its initial investment in DataArt in 2018.
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Eight applicants interested in universal, small finance banks
UAE Exchange and Financial Services Ltd, REPCO Bank, Chaitanya India Fin Credit and Pankaj Vaish and others have sought on-tap licences for universal banks …
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Four applicants each apply for ‘on tap’ licenses to start universal banks, small finance banks
The Reserve Bank of India (RBI) on Thursday said four applicants each have applied for “on tap” licenses to start Universal Banks and Small Finance Banks in the private sector. The applicants under …
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RBI received 8 applications to set up universal, small finance banks
The Reserve Bank has received eight applications for acquiring ‘on tap’ licenses to set up universal banks and small finance banks. The RBI received four applications each to set up universal banks …
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Dubai logistics firm Tristar’s IPO withdrawal could force rethink by others
Government-owned enterprises could come in and fill breach with own IPO plans Dubai: Dubai businesses planning an IPO will have a rethink after Tristar, the logistics company, decided to pull out from …
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Dubai Islamic Bank Successfully Closes Lowest-ever Pricing On An At1 Issuance From The GCC
Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody’s and A by Fitch today successfully priced a landmark USD 500 million Perpetual Non-Call 5.5yrs Addit …
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Sponsors Airsoft Will Showcase CHRONO Trade at iFX EXPO Dubai
This exclusive AIRSOFT feature is part of the company’s commitment to offer unique and competitive tools for brokers.
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