Tag: finance

The central banks of the UAE and Saudi Arabia want to pilot a shared digital currency for cross-border bank transactions, they said on Saturday, a move that could revolutionise the remittance industry …
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Reuters Mashreq, one of Dubai’s oldest lenders that is controlled by the Al Ghurair … “Much of this can be attributed to the bank’s focus on strategically acquiring good assets and growing the loan …
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According to Migrant-Rights.org, a GCC-based advocacy organization advancing migrant rights, more than 750,000 domestic workers work in the UAE. This segment is the current focus of fintech startup Ri…
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This is also one of the major reason that investment banking Dubai is considered the world’s best banks due to the involvement of a large number of international investors. Get a Chance For Perfect In…
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Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC will be the lead manager for the Initial Public Offering (IPO) of its wholly-owned subsidiary Emirates District Cooling (Emicool). The IPO wi…
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Dubai: GCC’s banking sector has witnessed a flurry of mergers since 2017 and the sector is expected to see a few more large scale mergers as the economic growth and credit demand are slowing in …
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The United Arab Emirates (UAE) and Saudi Arabia have announced … including civil aviation, financial awareness youth training, and the development of a cross-border digital currency.
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plans to introduce standards of financial disclosures for Environmental, Social and Governance (ESG) criteria for relevant entities at Abu Dhabi Global Market (ADGM), the UAE capital’s financial cente…
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Seven strategic initiatives in the fields of services and financial markets, tourism … The initiatives have hailed by a number of UAE and Saudi ministers as a translation of the integrated vision he…
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Although the Dubai Financial Market General Index (DFMGI) was down last week, falling by 28.84 or 1.13 per cent to end at 2,516.81, there is a pattern forming that could provide some optimism soon. Th…
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The agreement with the UAE’s government will provide for Sudan’s needs during its “agricultural season,” the Khartoum-based al-Intibaha newspaper reported, citing people in Sudan’s Finance Ministry. I…
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Dubai’s Roads and Transport Authority (RTA) and the Commercial Bank of Dubai have agreed on an initiative whereby fines due from road users to the RTA and fees of seasonal parking cards can be paid th…
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In a latest report, Moody’s Investors Service says mergers will ensure that the banking sector would benefit through synergies and increased pricing power. In the UAE, mergers talks are underway among …
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The agenda that was launched as part of Abu Dhabi Sustainability Week aims to formally foster the industry of sustainable finance and investments in the UAE and wider region. “Banks have already start…
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Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai and chairman of DIFC, on Tuesday received Peter Estlin, Lord Mayor of the City of London. Dubai International Financial Centre …
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Recent developments and plans announced by Dubai’s government highlight the emirate’s promising trajectory towards becoming a “future-proof global business capital” according to ICAEW, an accountancy …
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UAE: Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is pleased to unveil its Sustainable Finance Agenda at the inaugural Abu Dhabi Sustainable Finance Forum (ADSFF), …
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