The number of UAE banks operating in the Egyptian market are five banks, namely Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank (ADIB), Union National Bank-Egypt, and Mashreq. First Abu Dha…
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Robo-advisory firm is first graduate from Dubai fintech testing
The Dubai Financial Services Authority (DFSA) has announced that robo-advisory firm, Sarwa, has become the first participant to graduate from its regulatory sandbox following nearly 12 months of testi…
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8th Global Islamic Microfinance Forum Successfully Concluded in Dubai U.A.E.
(MENAFN – Somali Land Sun) 8th Global Islamic Microfinance Forum’ Successfully Concluded in Dubai – U.A.E. Somalilandsun- Under the Theme of Financial Inclusion, FinTech, Outreach Strategies …
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Family of UK businessman jailed in Dubai pleads with Foreign Office
Ryan Cornelius is one of four inmates who earlier this year completed a 10-year term for defrauding the bank. However, a Dubai court ruled that their sentences would be extended by another 20 years un…
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UAE issues special coins, bank note to commemorate Year of Zayed
The UAE’s Central Bank has issued two commemorative coins – a silver coin and a one Dirham coin – as well as a Dhs100 denomination bank note with the ‘Year of Zayed’ logo to celebrate …
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Financing for Stage Two of the UAE national rail network has been agreed
The Ministry of Finance and Abu Dhabi Department of Finance sign agreement for financing Stage Two of the UAE national railway network. His Excellency Obaid bin Humaid Al Tayer, Minister of State for …
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UAE finance bodies reach deal on funds licensing
The Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre (DIFC) and the Financial Services Regulatory Authority (FSRA) …
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UAE rail network to be extended by 605km
head of the Abu Dhabi Department of Finance and Etihad Rail, signed the agreement. This came on the sidelines of the UAE Government Annual Meetings, co-chaired by His Highness Sheikh Mohammed bin …
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UAE financial regulators reach agreement on licensing, promoting investment funds
DUBAI, 27th November, 2018 (WAM) — The Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre (DIFC), and the …
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UAE among advanced Islamic finance markets
The outlook for the Islamic finance market is promising with the UAE and other GCC leading the market, analysts said on Wednesday. According to industry analysts, total Islamic finance assets is proje…
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UAE finance bodies to promote investment funds
The Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre (DIFC), and the Financial Services Regulatory Authority (FSRA) …
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UAE’s rail project back on track with financing sealed
Etihad Rail said the UAE Ministry of Finance and the Abu Dhabi Department of Finance signed the agreement to finance the second stage. It did not disclose a figure for the financing. The second phase …
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Brookfield in talks to invest in Dubai property developer Meraas
Dubai, which has evolved in recent decades from a fishing village into a hub for finance, trade and tourism in the region, has seen its economy take a hit by the rout in oil prices. Occupancy in …
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Financing agreed for stage 2 of UAE’s national railway project
The second stage will extend 605km from Ghuweifat on the border with Saudi Arabia to Fujairah on the east coast. The UAE’s Ministry of Finance and the Abu Dhabi Department of Finance have signed an ag…
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Finance deal inked for Stage 2 of Etihad Rail network
The UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement for the financing of Stage Two of the Etihad Rail national rail network. The second stage will extend 605 k…
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Back on track: Finance deal agreed to triple the UAE’s rail network
The county’s fledgling rail network is to more than triple in length with the announcement of ambitious plans to extend services from the border with Saudi Arabia to Fujairah. Etihad Rail has agreed f…
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Ministry of Finance and Abu Dhabi Department of Finance sign agreement for financing Stage Two of the UAE national railway network
The volume of goods transported will increase from seven million tons per year on Stage One to more than fifty million tons. ABU DHABI, United Arab Emirates:– The UAE Ministry of Finance and the Abu D…
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