Zand plans to be the first fully independent digital bank in the UAE, with a remit to service both retail and corporate customers.
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Saudi Arabia’s Bank AlJazira to raise $500 mln via Islamic bond sale
Bank AlJazira 1020.SE is expected to raise $500 million on Thursday via an Islamic bond sale, a document showed on Thursday. The bond or sukuk will price in the range of 3.95% to 4.05%, tighter than …
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UAE: De-jargonising hard-to-understand financial news and concepts to an average reader
Dubai: The terms that you come across when watching financial news can often get confusing. The usage of words and the sheer amount of jargon that is used, makes it difficult to understand for the …
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‘More resilient, scalable platform’: Centurion Group acquires UAE-based services player
Aberdeen-headquartered Centurion Group has acquired Specialist Services, a company based in the United Arab Emirates that provides modular buildings, production equipment and other technical services.
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Democratising investments: Aqarchain set to launch UAE crowdfunding, tokenisation platform
The blockchain platform, the first of its kind in the GCC, aims to make investing in property a mass market product …
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UAE: New security regime over movable assets creates further transparency
Jirayr Habibian of Matouk Bassiouny assesses the key takeaways from the executive regulations implemented for the new movable pledge law in the UAE …
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6 Africans on trial for snatching Dhs190,000 from Dubai bank customer
An African gang of eight members was arrested and prosecuted by the Dubai Public Prosecution on robbery charges. The gang had mugged an Asian bank customer of Dhs190,000 in Dubai.
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First Mideast Bitcoin Fund Lists On Nasdaq Dubai Exchange
The Bitcoin Fund has become the first bitcoin investment fund to trade in the Middle East after being listed on the Nasdaq Dubai exchange. The Bitcoin Fund, a Canadian, closed-end bitcoin investment …
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UAE central bank revises life and investment selling rules
Giving rise to concerns that it could push more IFAs out of an ‘already bleeding market’ #dubai #islamicfinance #uae …
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UAE Gender Balance Council highlights global, regional achievements
The UAE was ranked first across the Arab world in in the World Economic Forum Global Gender Gap Report for the year 2021.
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UAE Aqarchain crowdfunding and tokenization platform built on Tezos to launch soon
UAE based Aqarchain; regulated by the Dubai Finance Services Authority (DFSA) in DIFC (Dubai International Financial Center), the leading operator of a real-estate crowdfunding portal, will soon be …
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Dubai regulator imposes restrictions on private bank
The Dubai Financial Services Authority (DFSA) has prohibited FFA Private Bank (Dubai) from receiving, arranging or executing orders from or on behalf of “specific clients”. This is “due to concerns …
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Kuwait Finance House gives initial guidance for AT1 sukuk – document
KFH Capital, Standard Chartered, Boubyan Bank, Dubai Islamic Bank, Dukhan Bank, Emirates NBD Capital, First Abu Dhabi Bank and Mizuho Securities are arranging the deal …
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Covid-19: UAE on robust recovery after Dh395 billion lifeline
The UAE government has spent a total of Dh395 billion for economic support and initiatives since the start of the pandemic — all to ensure the country’s robust recovery. Humaid Al Muhairi, official …
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UAE banking system stays strong, support plan to continue: CBUAE
Our assessment and recent economic data point to a post-pandemic rebound of the UAE economy. The UAE banking system remains resilient, and our support measures in the form of the CBUAE’s …
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Dubai repays $500 million bond certificates
Dubai’s ability to fulfill its financial obligations reflects its deep fiscal stability amidst the circumstances imposed by the current global …
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How much money can I make investing in UAE real estate? Let’s find out how to calculate profits
Know what are the different ways to calculate your returns when investing in real estate Dubai: Investors from across the globe looking to invest in real estate see the UAE as one of the most …
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