chief economist at Peninsula Real Estate in Dubai. “Businesses will respond differently depending on their circumstances,” said Ali Al-Salim, co-founder of Arkan Partners, a consulting company for …
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OPINION: What will change after coronavirus passes?
It has enabled cities like Doha, Dubai, Istanbul and Abu Dhabi to style … If these investments perform no worse than actively managed and hedge funds, a further shakeout will be on the cards …
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UAE to boost strategic stockpile, waive visa fines over coronavirus
DUBAI (Reuters) – The United Arab Emirates will reinforce its stockpile of strategic goods and waive residency visa fines for the rest of the year in response to the coronavirus outbreak, its vice …
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Hedge Fund – Alden Global Capital
With offices in New York City, Dallas, Houston, Dubai, London and Mumbai, Randall Smith’s Alden Global Capital has grown to become a surprisingly big player in the media space, particularly in …
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Oman’s Taageer Finance and Sohar disclose 4.67m rial exposure to NMC
Oman’s Taageer Finance and Sohar International Bank disclosed they have exposures to embattled UAE healthcare firm NMC Health. Taageer, which provides auto financing and funding for industrial …
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Gold prices soar, but UAE shoppers are not giving it a look
But UAE shoppers will only be giving a casual look to the prices, with jewellery retail outlets still shut as part of the wider restrictions on commercial activity to counter the COVID-19 spread. “The …
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COVID-19: UAE Central Bank wants banks to speed up stimulus relief
The Central Bank said in a statement that it encourages all boards and managements of banks to accelerate their confirmation to implement TESS measures. “From our side, CBUAE will …
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UAE central bank urges commercial lenders to use stimulus scheme
The United Arab Emirates (UAE) central bank has urged commercial lenders to use the $70 billion-worth of capital and liquidity measures launched by the regulator to support the economy during the …
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Combating coronavirus: UAE banks obtain Dh10b at zero interest from Central Bank
The UAE Central Bank on Monday said that Dh71 billion has been provided to local banks in the form of zero interest funding and lowered cash reserve requirements to combat with the impact of …
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UAE banking sector fully geared to support the economy: Al Ghurair
An Ariel view of Abu Dhabi skyline. The UAE banking sector is fully prepared to support the UAE economy form the potential adverse impact of coronavirus (COVID-19), said Abdul Aziz Al Ghurair, …
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UAE Central Bank urges lenders to support SMEs and individuals as it disburses Dh10bn of zero interest loans
The UAE Central Bank urged lenders to support the private sector and individual borrowers to cushion the impact of Covid-19, and disbursed Dh10 billion worth of zero interest loans to banks from the …
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Combating coronavirus: UAE Central Bank urges banks to support private sector corporates, SMEs, individuals
The Governor of the Central Bank of the UAE (CBUAE), Abdulhamid Saeed, held his first meeting with CEOs of banks operating in the country to emphasise the systemic significance of extending support to …
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UAE Central Bank urges banks to help private companies, SMEs, individuals
The Central Bank of the UAE (CBUAE) has urged banks to support private sector corporates, SMEs and individuals affected by the coronavirus pandemic. At a meeting with the CEOs of banks operating in …
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The Debt Panel: ‘Will my cheques bounce if the bank freezes my account when I swap jobs?’
In addition, I also pay around Dh10,000 per year for my kids’ education as my employer covers up to Dh60,000 per year. I am from Tunisia and live in Dubai. How do I get around this bank freezing issue …
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UAE central bank’s foreign assets up 11% in July
UAE – Total foreign assets of the Central Bank of the UAE (CBUAE) rose by 11.1% year-on-year or AED 37 billion in at the end of July, a survey conducted by Mubasher showed. The bank’s foreign assets …
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Noor Bank collaborates with Unionpay international to launch EMVCo QR-based mobile payment solution
Dubai-UAE: Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has partnered with UnionPay International, the world’s largest payment scheme, to inaugurate the bank’s first and only …
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National Bank of Bahrain still weighing up Bahrain Islamic offer
Union National Bank and Al Hilal Bank in the UAE. Dubai Islamic Bank, the biggest Sharia-compliant lender in the country, is in the process of taking over its smaller rival Noor Bank, while National …
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