Tag: finance

with maturities ranging from three to seven years Dubai Aerospace Enterprise (DAE) secured $490 million in loans from three agreements to finance growth. Courtesy: Dubai Aerospace Enterprise Dubai …
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Dubai: The UAE banking sector holiday on the occasion of Eid Al Adha will be from Saturday, August 10, until Tuesday, August 13, it was announced on Sunday. On August 1, Saudi Arabia’s Supreme …
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Dubai: Bank of Sharjah on Sunday posted a net profit of Dh152 million for the first half of 2019, down by 24 per cent year on year and up by 17 per cent compared to 31 December 2018. The net …
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Dubai’s emergence as a financial hub for the Middle East led to the formation of the Dubai Financial Market (DFM) in March 2000. And while global markets may have stumbled in 2008 as the economic …
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Dubai Islamic Bank (DIB) was founded in 1975 as a fully-fledged Islamic financial institution offering a range of Sharia-compliant products and services. Today, DIB provides retail, corporate, private …
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The Dubai Financial Market has launched a blueprint to promote environmental, social and governance (ESG) issues among listed firms, pledging to become the region’s leading sustainable financial …
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“The financial accounts of the Sultanate indicate that the financial … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC …
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Dubai-based Mashreq Bank has announced the launch of its credit card remittance service which allows customers to use their credit cards to make instant money transfers to all banks in India and …
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The Central Bank of the UAE and other Arabian Gulf regulators cut benchmark interest rates following the US Federal Reserve’s decision on Wednesday to reduce its key rates for the first time in more …
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“The UAE Cabinet’s recent announcement of sectors and economic … IPOs on the London Stock Exchange’s main market in April. The Network International IPO represented the largest outbound IPO to date …
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Dubai: Gross credit growth in the UAE accelerated 0.7 per cent month on month 4.3 per cent year on year in June, according to the latest central bank data analysed by Abu Dhabi Commercial Bank …
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a leading financial institution in the UAE, through its Corporate and Investment Banking Group, and norbloc, the leading Know Your Customer (KYC) and client onboarding fintech regionally headquartered …
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Emirates NBD Group CEO Shayne Nelson said the bank would support Turkey’s Denizbank if it needed a capital increase, as the Dubai-based lender completed the purchase of Denizbank on Wednesday. …
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Dubai: The UAE’s Ministry of Finance announced it signed an agreement with Etisalat to provide e-Dirham services on the telecom provider’s official portal. The deal is part of the Ministry’s …
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Abu Dhabi: The UAE Central Bank has announced it will lower interest rates applied to the issuance of its certificates of deposits in line with the decrease in interest rates on the US dollar …
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(MENAFN – Khaleej Times) Dubai stock markets rallied on Tuesday as higher second-quarter corporate profits posted by banks, financial service firms and property majors triggered a general upswing. …
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A consortium, comprising Renaissance Capital and Pharos Holding, has been selected to manage the company’s initial public offering (IPO), while Zaki Hashem & Partners will serve as the legal advisor, …
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