Tag: finance

The United Arab Emirates will likely issue its first federal bonds by the end of the year or in the first quarter of 2021, UAE newspaper Al Roeya said, citing a finance ministry official. DUBAI, Oct …
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FTA stresses the necessity for all those registered with the Authority who are eDirham users to prepare to switch to the new version of the eDirham …
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Israel’s cabinet approved a normalisation deal with the United Arab Emirates on Monday and Prime Minister Benjamin Netanyahu said he and Abu Dhabi’s crown prince had spoken and agreed to meet soon.
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HPD LendScape, a leading international secured lending platform vendor, today announces it has partnered with Emirates Development Bank (EDB) to launch UAE’s National Supply Chain Finance (SCF) …
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Emirates Development Bank launched a National Supply Chain Finance platform on Sunday to help the country’s businesses and SMEs gain easy access to the working capital amid the coronavirus pandemic.
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Saudi Arabia’s National Commercial Bank said Sunday it will purchase rival lender Samba Financial Group in a deal valued at $14.8 billion, creating what …
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RIYADH/DUBAI (Reuters) – Saudi Arabia’s biggest lender National Commercial Bank (NCB) has entered a binding merger agreement with smaller lender Samba Financial Group to create a combined entity with …
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Abu Dhabi: Emirates Development Bank (EDB) today announces the launch of UAE’s National Supply Chain Finance (SCF) platform, giving UAE businesses improved access to working capital by enabling …
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The Administration should take a serious look at the options available to delay Ant Group’s IPO,” he added.
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And what a week it’s been! After trading began at an offer price of $7.50 per American depositary share, Yalla opened at $9.75 (30% above the offer price) then closed the day at $7 (7% below the offer …
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The UAE will continue to participate in the G20’s Global Partnership for Financial Inclusion, GPFI, for the next three years as a non-G20 member. Younis Haji Al Khoori, Undersecretary of the Ministry …
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Major stock markets in the Gulf were little changed in early trade on Thursday, with Air Arabia helping the Dubai index stay in positive territory.
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Standard Chartered Plc is cutting more than one hundred jobs in the United Arab Emirates, the latest effort by the lender to shrink costs globally. The reductions will center on the lender’s retail …
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Commercial Bank of Dubai PSC is looking to follow the emirate’s government in returning to global debt markets with a plan to sell dollar-denominated bonds after a hiatus of almost five years, …
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“Rating agencies are in an awkward position when it comes to Dubai,” Nasser al-Shaikh, a former head of Dubai’s finance department, told CNBC. Al-Shaikh rejects the agencies’ numbers. “With it being …
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Dubai resident Becky Jefferies … “We see our future in autonomous finance, or self-driving money, where users essentially park their money in Ziina,” Mr Toukan says. Self-driving finance is a …
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The UAE’s top 10 listed commercial banks saw profits decrease by an average of 38.9 percent in the first half of 2020, due to the double challenge of low interest rates and low oil prices, according …
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