The Ministry of Finance announced that the revenues of federal authorities in the first quarter of 2022 amounted to Dh11.339 billion, while their expenditures amounted to around Dh11.354 billion …
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UAE public spending touches Dh11.35b in Q1 2022, revenue at Dh11.34b
Spending on public services, at Dh2.433b, accounted 21.43% of the total expenses Abu Dhabi: Revenue of federal authorities touched Dh11.339 billion in the first quarter in 2022, while expenditure …
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CBUAE Governor discusses digital transformation and Emiratisation plans with bank CEOs
Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), held a meeting with the CEOs of banks operating in the UAE to discuss the continued UAE’s banking sector …
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UAE, Israel export credit agencies partner to back AED 540mln healthcare project in Ghana
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has entered into a historic collaboration with Israel Export Insurance Corp. Ltd. (ASHRA). ECI will provide buyer’s credit …
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Covid prevention in focus at G20 finance, health ministers meet as rising cases limit economic recovery
The UAE Ministry of Finance (MoF) and the UAE Ministry of Health and Prevention (MoHAP) participated in the first G20 Joint Finance and Health Ministers Meeting. The meeting discussed the progress by …
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UAE, Israel Export Credit Agencies To Back Dh540m Healthcare Project In Ghana Financed By IDB
ECI to provide AED 185 million in reinsurance coverage, accounting for 49 per cent of the total cost of the project’s second phase. Frederick Minta …
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UAE’s IPO launches offer investors that ‘margin of safety’
In the current zeitgeist, where equity markets are getting pummeled, as interest rates march higher, investors (long accustomed to the free lunch of near zero interest rates) are seeing the chickens …
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UAE banks score low on customer satisfaction: KPMG survey
Debit and credit cards, and loan solutions registered the highest negative net sentiment Dubai: Banks in the UAE have scored low on customer satisfaction, a new survey revealed on Tuesday.
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UAE retail banks record positive annual growth
Service disruption emerges as a key operational issue and major customer pain point in 2021 Debit cards, credit cards, and loan solutions registered the highest negative net sentiment On average, only …
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Shuaa Capital raises $160m to fund Allianz Marine acquisition
Dubai-based Shuaa Capital has secured a $160m loan to help finance its acquisition of Allianz Marine and Logistics Services Holding. The seven-year facility has been agreed with the National Bank of …
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The UAE raises Dh1.5b in second auction of Dh9b T-bond programme
The UAE on Monday raised Dh1.5 billion during the second auction of Dh9 billion treasury bonds programme and witnessed a strong demand through the six primary bank dealers. In a statement on Monday, …
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TECOM Group’s 10 Business Districts across Dubai Offer Advantages for Investors
Dubai’s Tecom Group, a member of the Dubai Holding group, opened on Thursday 16 June 2022, an initial public offering (IPO), listing part of its ordinary shares for trading on the Dubai Financial …
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Mike Tetreault gives Dubai investors big returns in US real estate market
The US real estate market may currently seem like a headache to foreign investors with things like limited inventory, rising interest rates, chaotic bidding wars, …
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UAE banking on NPA to bungle Gupta case – Open Secrets
The state capture commission has found the family to be at the centre of state capture with billions taken out of this country- siphoned off from our parastals.
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Ministry of Finance Announces 2nd Auction of Federal Treasury Bonds
The second auction is part of the AED 9 billion T-Bonds issuance program for 2022. Bonds amounting to AED 750 million will be offered for a two-year tranche, and AED 750 million for a three years …
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‘UAE is banking on Batohi and her team to bungle Gupta case’ – Open Secrets
Director of Open Secrets, Hennie van Vuuren, talks about the Gupta brother’s arrest and the UAE judicial system.
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Emirates Development Bank To Showcase Its Industrial Impact At The Make It In The Emirates Forum
Emirates Development Bank (EDB), will be participating in the first Make it in the Emirates Forum on June 21-22 at ADNOC Business Cen …
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