Tag: finance

Saudi Arabia’s austerity drive will squeeze a private sector vital to its plan to diversify away from oil and may cost its powerful crown prince some prestige as citizens see their spending power …
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U.S. investment bank Moelis & Co MC.N has been granted an advisory licence by Saudi Arabia, the Capital Market Authority said on Tuesday, in a move that will enable the boutique firm to secure more …
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Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion base …
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Aramco said the results reflected “lower crude oil prices, as well as declining refining and chemicals margins and inventory re-measurement losses.” …
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Saudi Arabia will voluntarily deepen oil output cuts from June as low oil prices are causing huge pain to the kingdom’s budget and global demand remains weak due to lockdowns to contain the …
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The rice trading firm went into liquidation after it accrued $450m losses from currency hedging trades undertaken by the currency derivative desk of …
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Saudi oil giant Aramco may cut its dividend to the Saudi government, but is likely to maintain payouts to minority shareholders as a plunge in crude prices shrinks first-quarter profits, …
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DUBAI – The UAE has no plans to increase its value-added tax rate, its finance minister told Al Arabiya TV on Monday, after Saudi Arabia said it would triple its rate. Saudi Arabia on Monday said it …
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The central bank has developed a fintech strategy that comprises of fivepillars. These include: (i) research and the application of potential fintech solutions to address the need …
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The UAE has no plans to increase its value-added tax rate, its finance minister told Al Arabiya TV on Monday, after Saudi Arabia said it would triple its rate.
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A downturn in the United Arab Emirates’ real estate sector and resulting investor sentiment had contributed to its low share price …
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It should be noted that any bank or approved financial institution in the UAE has to follow the guidelines laid down by Central Bank of UAE while lending personal loans or providing credit card …
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How can someone holding one of the most senior management roles at NMC get on this flight?” said one member of the staff at the Abu Dhabi headquartered hospital operator. “ …
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Stocks in Dubai dropped the most in a week amid mixed share trading across the Middle East and Gulf region.The DFM General Index retreated more than 2% while the main gauge in Qatar advanced 1.2%.
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The overall financial services sector was the third largest sectoral contributor to Dubai’s real GDP in 2018, generating Dh40.4 billion and representing 10.3 per cent of its tot …
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UAE launched a new initiative to create a unified global legal and legislative framework for the Islamic finance sector. This was announced by Sheikh Hamdan bin Rashid Al Maktoum, Minister of Finance …
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Backed by diversified revenue streams, a resilient net interest margin and sustained profitability, Medicinos Bankas has healthy fundamentals with deposit portfolio at US$334 million. Nitin Shelke, …
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