Virtusa Corporation VRTU, +0.23% a global provider of digital strategy, digital engineering, and IT outsourcing services that accelerates business outcomes for its clients, and Mashreq Bank, the leadi…
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Mashreq Becomes the First Private Bank in the #UAE to Implement Solutions that Utilize #AI Artificial Intelligence and Machine Learning
DUBAI, United Arab Emirates & SOUTHBOROUGH, Mass. – September 11, 2018 (Investorideas.com Newswire) Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, an…
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Huda Kattan ‘not interested’ in IPO for $1bn cosmetics firm
Speaking to Arabian Business, the founder and chairwoman of the Dubai-based company referenced the recent unsuccessful … Mona Kattan, co-founder and global president at Huda Beauty, also said an IPO …
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UAE Approves Plans to Regulate ICO Tokens as Securities
The UAE’s financial regulator is taking the final steps to regulate the way that blockchain start-ups are raising money, or ICOs, but has warned of the many risks involved. The watchdog is proposing a …
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Saudi Arabia leads Mena IPO activity in Q2
IPO activity was relatively slow in H1 2018 … Microsoft More from Khaleej Times Petrol prices in UAE to increase in September Video: Kochi airport resumes operations after 15 days 368 smart buses to …
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What a UAE bank merger might mean for consumers
The next bank merger in the UAE could see a tie-up between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. While analysts have said the move would be a boon for the corporate sector, …
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Are bank mergers good for UAE consumers?
The next bank merger in the UAE could see a tie-up between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. While analysts have said the move would be a boon for the corporate sector, …
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Dh10 million to be awarded to UAE savers
Official statistics indicate a decline in the amount of bank deposits made by UAE residents. As of the latest report, deposits from residents saw a monthly fall in May, although gross non-resident …
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UAE introduces framework for fintech pilot licences
The UAE’s minister of economy has issued a decree adopting a regulatory framework for financial technology (fintech) firms conducting operations under experimental licences. The decree …
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Hindujas eyeing UAE for global HQ, seek to acquire local bank
In the UAE, the group has diversified business interests ranging from petrochemicals, and finance to bus/truck manufacturing. In Ras Al Khaimah, the group’s Ashok Leyland operates a commercial vehicle …
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Leading Middle Eastern Fund Fights Flood of Money
… bank with a fund management arm in Dubai, United Arab Emirates. Since December of 2017, he has been the lead portfolio manager of the $350 million Arqaam Value fund (Arqaam means numbers in Arabic …
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Hinduja Group opens talks to pick up equity in UAE bank
“We had many options offered to us in the UAE financial services — we never know what will follow in your lap. You have to look for synergies, you have to do due diligence. The institutions we …
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Leaders UAE 2018 Preview: Document control can cut financial disputes
RELATED ARTICLES: In pictures: Speakers of Leaders in Construction UAE 2018 revealed | Leaders UAE 2018 Preview: ASGC’s Bishoy Azmy on tech and diversification | GCC construction leaders must learn fr…
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UAE Ambassador, Serbian Finance Minister discuss cooperation
BELGRADE, Serbia, 5th September, 2018 (WAM) — Mubarak Saeed Ahmed Barasheed Al Dhaheri, UAE Ambassador to Serbia has met with Sinisa Mali, Serbian Finance Minister, at the ministry’s headquarters …
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Saudi financial sector strong enough to withstand shocks
Dubai: Saudi Arabia’s financial sector remains sound and resilient to economic shocks, Dr Fahad Al Shathri, Deputy Governor for Supervision at the Saudi Arabia Monetary Authority (Sama), said in …
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Dubai Slowdown Prompts S&P to Lower Ratings of Two State Firms
It also downgraded DIFC Investments LLC, which owns properties in Dubai’s tax-free financial center, to BBB- with a stable outlook. “Credit conditions in Dubai have deteriorated, which we believe affe…
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UAE project pipeline ‘boon for Islamic banking sector’
The UAE banking sector is set to benefit from the emirates’ project pipeline of construction and infrastructure-related initiatives, which forms a key component of the country’s drive to diversify the …
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