Tag: finance

His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, today opened Gulfood 2018, the 23 rd edition of the world’s largest annual food and beverage trade show at Dubai World Trade Centre (DWTC). Spread across …
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A 75-year-old Kuwaiti bank customer said he came back to the UAE from a trip on January 14, 2017 to find that his mobile line had been disconnected and that his bank account balance had been emptied, prompting him to file a criminal complaint. Public …
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DUBAI/CAIRO (Reuters) – Qatar National Bank (QNB), the Middle East’s largest lender by assets, said it will sell a 2 percent stake in its Egyptian unit QNB Alahly to comply with Cairo listing rules. A QNB spokesman said the bank had no current plans to …
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THE UAE is not new to innovations. From AI-assisted banking agents to solar-powered roof tops and health apps, the country is utilising the latest technological boom to its advantage in many sectors. Moreover, in just two years, the country will witness a …
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DUBAI, 18th February, 2018 (WAM) — The Dubai Health Authority, DHA, today signed a Memorandum of Understanding, MoU, with the Dubai Islamic Bank, DIB, to support patients suffering from cancer and psychological disorders financially to get the treatment …
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The Nasdaq Dubai exchange launched equity index futures on Sunday for the main indexes of Dubai Financial Market and the Abu Dhabi Securities Exchange, a top official said. The new instruments could help to attract fresh money to the exchanges by giving …
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Dubai – Mubasher:UAE bourses are forecast to recover and rise this week after the period for disclosing financial results has ended, analysts told Mubasher early Sunday, noting that financial institutions will be looking to increase their positions in …
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The proposed Initial Coin Offering (ICO) from Dubai-based social media platform Telegram has, according to Russian business daily Vedomosti, attracted a slew of prominent Russian investors – including Mikhail Fridman, Alisher Usmanov and Chelsea FC owner …
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Dubai Investments has named an entity to lead the initial public offering (IPO) of Emirates District Cooling (Emicool). Al Mal Capital, a financial institution that is one of Dubai Investments’ wholly owned subsidiaries, will be the lead manager for the …
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A Dubai Court will proceed to examine the role of Deloitte and Touche (Middle East) in the collapse of Lebanese Canadian Bank (LCB) in light of charges brought against it by the US Drug Enforcement Administration and the US Treasury. In a landmark decision …
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UAE-based conglomerate Al Ahli Holding Group announced that it has secured an Islamic club financing facility worth $340m (AED1.25bn) for the expansion of Dubai Outlet Mall. Scheduled to open in the fourth quarter of 2019, the mall expansion will see 279 …
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“In the UAE, prospective companies looking to IPO will look at the market conditions; if regional markets are on an upswing and sentiment is positive then we could see a rush of IPOs. However, as happened a few years ago, if markets falter and sentiment …
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I think if UAE recruits Bangladeshi workers more in the coming days, it would be beneficial for both the countries,” State Minister for Finance and Planning MA Mannan informed, reports BSS. Mannan attended the two-day 4th Bangladesh-UAE Joint Commission …
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Dubai Investments, a diversified company in which sovereign wealth fund Investment Corporation of Dubai has an 11.54 per cent stake, plans to float at least 30 per cent of its district cooling unit Emicool by the end of 2018 on the Dubai Financial Market …
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Dubai Investments, a leading diversified investment company, has announced that its subsidiary Al Mal Capital, a prominent financial institution, will be the lead manager for the initial public offering (IPO) of its wholly-owned subsidiary Emirates …
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UAE Exchange CEO Promoth Manghat says cryptocurrencies aren … for the SWIFT messaging system that banks and exchange houses currently use to communicate financial transactions. “The Ripple network has a simple proposition: instant messaging.
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CRI Group urges all UAE organisations to implement thorough background screening … CRI Group safeguards businesses by establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking …
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