DEX received in principle its approval from the Financial Services Regulatory Authority (FSRA … currencies being served as well as local currency pairings native to the UAE/GCC markets. “If one …
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Bad loans drop after new central bank methodology
Non-performing loans (NPLs) of the UAE banks went down following the introduction of new methodology announced by the Central Bank of the UAE on Wednesday. Under the new reporting standard, the NPL …
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Dubai’s Biggest Bank Gets Key Approval for Turkey Denizbank Deal
Emirates NBD PJSC received a key regulatory approval taking Dubai’s biggest lender a step closer to completing its purchase of Turkey’s Denizbank AS, two people with knowledge of the matter said. …
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UAE banks target SMEs ahead of Expo 2020
UAE-based trade finance banks are seeing opportunities to support more small businesses. Emirates NBD, for one, has rolled out a new banking package for UAE SMEs and startups involved in Expo 2020. …
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Etisalat, Noor Bank launch eWallet in UAE
Etisalat and Noor Bank have partnered to launch eWallet, a new digital payment service aimed at empowering UAE customers with safe, convenient, and flexible payment solutions using a mobile device. …
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Etisalat and Noor Bank Join Hands to Offer Mobile Digital Payment Service
Etisalat and Noor Bank today announced the launch of eWallet, a new digital payment service aimed at empowering UAE customers with safe, convenient, and flexible payment solutions using a mobile …
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Etisalat, Noor Bank join hands to offer mobile digital payment service
Abu Dhabi: Etisalat and Noor Bank today announced the launch of eWallet, a new digital payment service aimed at empowering UAE customers with safe, convenient, and flexible payment solutions using a …
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Dubai Financial Market : Oil and bitcoin rally as Middle East tensions drive markets – business live
Introduction: Oil on a tear A trader following the stock market at the Dubai Financial Market, in the Gulf emirate of Dubai, United Arab Emirates. Photograph: Ali Haider /EPA Good morning, and welcome …
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The First Alternative Investment Management Summit in Europe is a Success
The AIM Summit has been a leading private conference which until this year had been held exclusively in Dubai and Abu Dhabi. The conference brings together regional hedge funds, private equity, …
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UAE- Dex Secures in Principle Approval for Crypto Asset Exchange From Adgm’s Financial Services Regulator
(MENAFN – Dubai PR Network) ABU DHABI, UAE, 24th June 2019: DEX (Digital Assets Exchange) has secured in principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi …
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How to set up a successful business in Dubai
What’s more, there are plenty of business opportunities in the emirate, spanning sectors like tourism, finance, media, real estate, and technology. If its immense appeal has piqued your interest in …
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US rate cuts set to impact Saudi and UAE bank revenues
Loans make up more than 70% of Gulf banks’ earnings assets that are largely floating-rate corporate facilities, and changes in interest rates have a huge impact on income from lending, according to …
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Global wealth expansion to support private banking
Last year the private bank recruited more than 100 employees globally. In the UAE, it is looking to increase our private banking team by about 20 per cent every year until 2022, including …
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The IPO Pipeline Looks Promising in the GCC
In April, Bloomberg reported that three companies were looking to float their shares on the Dubai bourse, which would essentially end the 17-month IPO drought on the local market. Further details were …
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IPOs are back: UAE emerging as a strong player
In April, Bloomberg reported that three companies were looking to float their shares on the Dubai bourse, which would essentially end the 17-month IPO drought on the local market. Further details were …
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UAE financial firms to register on new platform or face penalties
(MENAFN – Khaleej Times) A new reporting platform that will help facilitate law enforcement authorities in the receipt, analysis and dissemination of suspicious transactions, including money …
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New system to curb money laundering in UAE
UAE Financial Intelligence Unit (FIU) launched the new reporting platform, (goAML), developed by the United Nations Office on Drugs and Crime (UNODC), to facilitate the receipt, analysis and …
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