Established jointly by Nasdaq Dubai and Emirates Islamic, the platform meets needs ranging from funding for corporate growth and expansion to personal finance for retail customers. Transactions on the …
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DeVere moves into crypto funds management
a prominent hedge fund manager in the Dubai International Financial Centre. It comes a day after Bitcoin, the world’s original digital currency, and still largest by market capitalization, reached its …
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Four Mena IPOs raise nearly $350m in Q3: EY
The Mena region raised $349.9 million through four initial public offerings (IPOs) in the third quarter (Q3) of 2018, according to the latest Mena IPO Eye report released by professional services firm …
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deVere Group Launches Actively Managed “Cryptocurrency Solution” for Investors
a hedge fund manager in the Dubai International Financial Centre. Nigel Green, founder and CEO of deVere Group, says that cryptocurrencies are now undeniably part of mainstream finance. Green believes …
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UAE Faces Money Laundering, Terror Financing With New Law
FATF is an international organization that sets global standards for fighting illicit finance. The UAE has been tightening its financial regulation to try to close regulatory gaps. Dubai International …
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UAE issues law to curb money laundering, terror financing
A new law to combat money laundering and terror financing has been passed in the UAE, it was announced on Tuesday. The law issued by the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, ord…
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UAE banks require minimum 60 per cent national shareholding
Dubai: The new Federal Law (Law No. 14) of 2018 regarding the Central Bank & Organisation of Financial Institutions and Activities requires a minimum of 60 per cent UAE ownership for local banks …
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APM Terminals Bahrain aims to raise more than $30mln with IPO
DUBAI- Port operator APM Terminals Bahrain plans to raise almost 12 million Bahraini dinars ($32 million) through its planned initial public offering (IPO). The company will offer 18 million shares, e…
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Boursa Kuwait’s Dubai Corporate Day Met With Keen Interest
hedge funds, pension funds and insurance companies. Taking place at the Dubai International Financial Center (DIFC), the meetings provided the investors with the chance to learn more about the benefit…
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Bahrain central bank approves port operator IPO
DUBAI, Oct 30 (Reuters) – Bahrain’s central bank has approved an initial public offering (IPO) by APM Terminals Bahrain, a port operator, it said. The company plans to list shares equivalent to 20 per…
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Bahrain’s APM Terminals IPO to be offered at 0.66 dinars per share
DUBAI, Oct 30 (Reuters) – Port operator APM Terminals Bahrain will offer shares in the company at 0.66 Bahraini dinars ($1.75) per share, it said in the prospectus of its planned initial public offeri…
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UAE approves anti-money laundering law to combat terrorism financing
The UAE has been issuing a series of laws to boost the competitiveness of the economy, including a new debt law that will help financial markets. The Arab world’s second biggest economy is also introd…
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Islamic banking key to financing China’s Belt and Road
“The Belt and Road is about supporting infrastructure development and economic growth,” said Adnan Chilwan, chief executive of Dubai Islamic Bank, the UAE’s biggest sharia-compliant lender by assets, …
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UAE to amend retail-banking rules
Abu Dhabi: The UAE Central Bank has decided to amend retail-banking rules related to personal loan and other services provided to individuals. Under the new rule, the bank set new terms and …
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Central Bank amends rules on loan transfers
Dubai: The UAE Central Bank is amending rules on loans given out to individual clients across the country, and specifically on the transfer of loans from one bank to another. As per a decision to …
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ICC-UAE banking commission achieves milestones
DUBAI, 30th October, 2018 (WAM) — The UAE chapter of the International Chamber of Commerce, ICC-UAE, has announced that three of its Banking Commission members, Atif Raza , Head of Trade Sales, Comme…
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Dubai bank Emirates NBD posts 16% rise in Q3 profit
Emirates NBD (ENBD), Dubai’s largest lender, posted a 16 per cent rise in third-quarter net profit on Tuesday as net interest income jumped and impairments for bad loans eased. The bank made a …
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