Development and expansion of Tadawul is one of the key pillars of the Vision 2030 plans to grow the financial sector of the economy …
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Goldman plans to raise about $2b for a new venture fund
Goldman Sachs Group Inc. is considering raising a venture and growth fund of around $2 billion, a move that would make it a bigger player in the competitive world of technology investing, according to …
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UAE finance firms’ Q2 profits soar to $240mln
UAE – The investment and finance firms listed on local capital markets in the UAE saw their profits jump to around AED885 million ($240.93 million) during Q2-2020 from as little as AED13 million only …
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Israeli, UAE law firms to collaborate on framework for business ties
BSA is a leading law firm in Dubai, UAE, and provides clients operating in the country … (including the use of Emeritus airlines for flights to East Asia), banking, finance and more. There is a lot …
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Despite the UAE-Israel deal, this son and daughter of Abraham still can’t live together in the West Bank
While some analysts will say that Israel and the UAE’s plan to normalize ties is a step toward regional peace, this American-Israeli writer married to a Palestinian says it may make it more difficult …
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Banks Cut Exposure to Dubai’s MENA Energy as Virus Hits Trade
Several banks are reducing their exposure to Dubai-based oil trader MENA Energy DMCC, as the coronavirus hits commodity businesses and global lenders cut funding. BNP Paribas SA, Natixis SA and Middle …
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Dubai law to regulate family businesses
The Law No (9) of 2020 Dubai, which defines the terms of the family ownership … Analysts hailed the move as a key step to giving a fillip to the IPO market and bring in more transparency and …
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UAE could get F-35 jets in side agreement to Israel peace deal – source
The United States is eyeing the sale of stealthy F-35 fighter jets to the United Arab Emirates in a side agreement to the UAE’s overtures to Israel, an industry insider who was part of the dialogue …
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U.S. imposes Iran-related sanctions on UAE-based companies, individual
The United States on Wednesday imposed sanctions on two UAE-based companies, accusing them of providing support to U.S.-blacklisted Mahan Air. In a statement, the U.S. Treasury Department said it blac …
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Quiet ties and secret talks paved way for UAE-Israel deal
Secret talks and quiet ties — that’s what paved the way for last week’s deal between the United Arab Emirates and Israel to normalize relations. Touted by President Donald Trump as a major Mideast …
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In a first, Oman’s sultan names foreign, finance ministers
DUBAI, United Arab Emirates — Oman’s sultan on Tuesday named foreign and finance ministers for the first time, putting officials in positions long wielded by his late predecessor. Sultan Haitham bin …
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Dubai CSD distributes cash dividends for listed companies on DFM and Nasdaq Dubai
Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. www.dfm.ae Disclaimer: The contents of this press release was provided from an …
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Dubai court dismisses Dh7.2bn tax fraud claims against Sanjay Shah
The former hedge-fund manager recently called in two loans from former business … Sanjay Shah is hoping to reopen the Autism Rocks Support Centre in Dubai. Antonie Robertson/The National Allegations …
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Finance minister seeks investment from UAE for Rs 111 lakh crore National Infrastructure Pipeline
Finance minister Nirmala Sitharaman on Monday held a virtual bilateral meeting with United Arab Emirates (UAE) minister of state for financial affairs …
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UAE and Israeli Companies Sign Deal on Stem Cell Research
Abu Dhabi Stem Cell Centers signed an accord with Pluristem Therapeutics Inc. to cooperate on research and development, the second such deal after the United Arab Emirates and Israel began normalizing …
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Israel planning UAE flights over Saudi: Netanyahu
Prime Minister Benjamin Netanyahu said Monday that Israel is working on opening a corridor over Saudi Arabia for flights to the UAE, following last week’s historic deal to normalise ties.
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AfCFTA could boost Dubai-Africa trade by 10% over next 5 years
Dubai’s trade with Africa could see an annual increase of up to 10 per cent over the next five years following the implementation of the …
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