While ensuring a sound corporate structure can assist in raising finance through traditional channels, raising bank loans can be challenging for SMEs in the UAE. For example, the default rate on debt repayments for Mashreq bank stands at around 20 per cent.
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Dubai Financial Market launches short-selling service
Dubai Financial Market (DFM) has officially launched a short-selling service for stocks after completing the necessary regulatory and technical steps. Under the system, investors can sell securities that are listed on the market that they do not own with …
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Emirates Development Bank adopts SME Finance Strategy
This gives companies a greater finance opportunity at a lower cost, which leads to better evaluation with regards to the ease of doing business, global competitiveness, innovation, entrepreneurship and development. Esteemed members of the UAE Cabinet …
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Dubai Financial Market : DFM launches regulated short-selling
The Dubai Financial Market said it is processing licence requests from seven brokerage firms to provide the service. (Supplied photo) The Dubai Financial Market (DFM) announced on Sunday the long-anticipated launch of regulated short-selling (RSS) as part …
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Personal finance industry in UAE reacts to surge in bitcoin interest
But with no regulation in the sector, it is not possible for a UAE resident make bitcoin part of their investment portfolio in the same way they would when buying currency or shares through their personal finance advisor. In reaction to this Holborn Assets …
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Dubai Financial Market : UAE bourses likely to revive end-2017 – Analysts
Dubai – Mubasher: The UAE stock markets are expected to rise prior to the end of the current year as stocks are testing attractive buying levels, in line with the completion of ADNOC Distribution’s initial public offering (IPO). The Dubai Financial …
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Emirates Development Bank pledges Dh450m of funding to SMEs for 2018
Emirates Development Bank (EDB) has allocated Dh450 million of its Dh1 billion budget for next year to support the country’s small-to-medium-sized enterprises (SME), as soft economic conditions continue to weigh on the segment. The UAE government lender …
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Qatar sovereign fund backs LSE chairman in activist stand-off-source
DUBAI (Reuters) – Qatar’s sovereign wealth fund has thrown … a source familiar with the matter said on Tuesday. British hedge fund firm TCI Fund Management, a 5 percent shareholder in LSE, is pushing to oust Chairman Donald Brydon over his handling …
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UAE developer says investors can buy homes with digital currency
MAG Lifestyle Development, part of the UAE-based MAG Group, has announced that it will offer customers the opportunity to purchase properties using OneGram, the first Sharia-compliant crypto-currency. The developer said the move will provide property …
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Omniyat secures bank funding for new Dh1.3bn Dubai mixed-use scheme
Omniyat, a private real estate developer in the UAE, has secured Dh500 million of bank financing over five years to build a Dh1.34bn mixed-use scheme in Dubai’s Business Bay. “Construction on site has already begun and we are preparing to announce the …
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Dubai Sets Its Sights On Becoming The World’s First Blockchain-Powered Government
Earlier this month, the UAE’s central bank announced it was undertaking a joint project with the Saudi Arabian Monetary Authority to use blockchain technology to issue a digital currency accepted in cross-border transactions between the two countries.
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Gulf Bank Wins ‘Credit Risk Technology Implementation of the Year in the Middle East and Africa’ from the Asian Banker
… Bank received the award at a ceremony following the ‘MENA Risk and Transaction Banking Dialogue 2017’, held earlier this month, at the Conrad Hotel in Dubai. The Asian Banker is one of Asia’s leading consulting companies in financial services …
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UAE essential to One Belt One Road, says Bank of China GM
Khalifa Industrial Zone Abu Dhabi (KIZAD) has announced the signing of a Memorandum of Understanding (MOU) with Bank of China Ltd. – Abu Dhabi to mutually promote their services for the benefit of both entities’ customers in the UAE and abroad.
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$54,000: the cost of insuring a McLaren supercar in the UAE
Richards said yallacompare’s banking comparison business also thrived this year, serving well over 2 million individuals in the UAE alone, and processing over 61,000 banking applications.
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Emirates NBD Bank : wins ‘Achievement in Market Risk Management’ award
DUBAI, 17th December, 2017 (WAM) — Emirates NBD has won the ‘Achievement in Market Risk Management’ award in the Middle East and Africa, at the Asian Banker Middle East and Africa Transaction Banking and Risk Awards Ceremony 2017. The bank’s Chief …
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Mashreq Bank Recognized For Global Mobile Banking Excellence
Mashreq Bank, the UAE’s leading financial institution was presented withthe Best Consumer Mobile Banking Global award at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England. The award isin recognition of …
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Omniyat signs $136m facility with Ajman Bank
Dubai-based developer Omniyat has signed a facility agreement with Ajman Bank for Dh500 million ($136 million) for the construction of an iconic mixed-use project at Dubai Water Canal in Business Bay. The project is a cooperative partnership between Omniya …
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