Tag: finance

Dubai: The International Monetary Fund (IMF) has warned Lebanon that its central bank has accumulated losses of as much as $49 billion, as divisions between the government and the Banque du Liban …
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MoneyGram International, Inc. MGI has partnered with Digital Financial Services LLC, a joint venture between Etisalat and Noor Bank, a subsidiary of Dubai Islamic Bank Per the pact, millions of …
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We invest to demonstrate our commitment to developing the sector and to help drive sustainable economic growth for Dubai. These start-ups will help us drive the future of finance.” The fintech fund …
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ABU DHABI, 25th June, 2020 (WAM) — The Central Bank of the UAE has withdrawn AED34.15 billion out of excess liquidity in the market during the first five months of 2020 after it met the market needs …
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Abu Dhabi mum on state-to-state collaboration with Israel on fighting coronavirus, despite PM declaring imminent announcement from both countries’ health ministries …
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Dubai Courts decided that rather than imprisonment, they would start issuing fines for these offences which will give people the breathing space they need to get into a better position to manage their …
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The entities have also launched a whitepaper titled, ‘Rethinking Banking for Startups’, which explores the challenges that startups face when opening a UAE bank account. The whitepaper aims to foster …
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ADNOC has signed a mega deal with a consortium of infrastructure investors and sovereign wealth and pension funds to invest in select ADNOC gas pipeline assets valued at $20.7 billion. Besides …
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While one of the main barriers to launching Holo in the UAE was the real estate and banking sectors’ reliance on traditional, manual processes, Covid-19 accelerated the move to fast and easier digital …
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The rise in coronavirus infections across United States has triggered concerns of a second wave and has hit global stock markets hard. UAE indices were also not spared as DFM declined by 0.47 per cent …
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Financial Technologies report, it said that the cornoavirus, “is an important opportunity for private sector entities to accelerate the digitisation of financial services”. While most sectors such as …
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The hopes for the so-called ‘V-shaped’ recovery are alive and well. However, these hopes could easily turn out to be premature. According to researchers at Karolinska Institute in Sweden and the …
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An industry survey in the UAE has gathered insights from media professionals and … adopting alternative sources of finance to avert financial crises, as well as the progressive reduction of print …
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ABU DHABI, 24th June, 2020 (WAM) — In the framework of its mandate to offer the support to its member states in the field of economic, financial and monetary reforms promoting financial stability in …
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The average time spent opening a bank account could be reduced to five days if documentation processes are simplified …
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Commercial Bank of Dubai, one of the leading national banks in the UAE, and global cross-border payment provider Thunes announced a partnership that will facilitate real-time cross-border transaction …
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This follows the launch of Hub71’s whitepaper which explored the challenges that startups face when opening a UAE bank account. The whitepaper, titled: Rethinking Banking for Startups aims to foster …
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