The economy of the United Arab Emirates will suffer a deeper contraction this year than first estimated, dragged down by disruptions caused by the coronavirus pandemic, according to the country’s …
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UAE- Hamdan bin Rashid receives Rashid bin Humaid Al Nuaimi
H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, received today at his palace in Zabeel Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and …
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COVID-19: Will salary cuts be the new normal in UAE?
So, bringing down the employee numbers is the only way to manage costs – and most of the cuts will continue to happen in the mid- and senior management levels. “Salary reinstatements will not happen …
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Mubadala, Barings partner to finance European mid-market cos
DUBAI- Financial services firm Barings has partnered with Abu Dhabi state investor Mubadala to provide financing solutions to European middle-market businesses, it said on Tuesday. Barings Mubadala …
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H.e. Obaid Al Tayer Virtually Meets Italian Minister for Economic Affairs and Finance
The Italian Minister of Finance also stressed the importance of strengthening economic ties between the two countries and continuing international cooperation to overcome the pandemic. The UAE’s …
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Islamic Finance Market Next Big Thing : Major Giants Dubai Islamic Bank, Nasser Social Bank , Bank Al-Rajhi
Stay up-to-date with Islamic Finance market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth.
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Hundreds of SIM swap fraud cases ‘reduced to one in recent months’ in the UAE
Swim Swap fraud is a type of identity theft, where a fraudster manages to get a replacement SIM card of a victim’s registered mobile number …
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What’s Driving Gold Prices So High, And What Might The Future Hold?
CEO and Founder of Regal Assets, an international alternative assets firm with offices in Beverly Hills, Toronto, London and Dubai. The price of gold hit … Therefore, gold is treated as an inflation …
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Creditors take action against UAE’s Al Jaber in decade-long saga
Al Jaber, a contractor with interests across a range of sectors, has struggled since building up debt in the wake of a UAE real estate crisis and began talks with creditors in 2011. Abu Dhabi …
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UAE Firm Hires Restructuring Expert for $2 Billion Debt Revamp
Abu Dhabi-based KBBO Group, once one of NMC Health Plc’s biggest shareholders, has hired a turnaround specialist to restructure its $2 billion debt pile, people familiar with the matter said.
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How 172 countries raised $18 billion for COVID-19 vaccine, and the role of Indian biotech firms
COVAX alliance seeks 2 billion doses for developing countries to fight COVID-19 DUBAI: FACT 1: Vaccines cure numerous infectious diseases. FACT 2: Rich countries have roped in the first 2 billion …
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UAE central bank failed to prevent Iran sanctions evasion: Report
Bank failed to act on warnings about a local firm which was helping Tehran to evade sanctions, leaked files show …
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DP World, Bank Leumi to Explore Israel Logistics Investments
DP World and Bank Leumi signed an accord to explore potential opportunities in the logistics sector as the United Arab Emirates and Israel normalize relations.
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Saudi Arabian supermarket operator BinDawood may price IPO at top of range
Saudi Arabian supermarket operator BinDawood Holding may price its initial public offering (IPO) at the top of its range after a bookrunner note said investors bidding below 96 Saudi riyal ($25.60) …
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S&P Global Ratings to discuss Islamic finance sector outlook
We would like to offer our sincere thanks to DIFC, DIEDC, and GIES for their partnership and support, but most importantly for leading the advancement of the Islamic finance industry here in the UAE. …
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Digital economy in UAE eyes fast lane
MBRIF – a Dh2 billion initiative set up to support innovators – now has 43 members, of which 39 are in its Accelerator programme and four in its …
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FinCEN Files: UAE central bank failed to prevent sanctions evasion
Among the FinCEN files is an SAR that shows the New York branch of UK-based Standard Chartered Bank contacted the Central Bank of the UAE in 2012 after noticing hundreds of suspic …
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