The UAE banking sector has witnessed a sizeable improvement in profitability in the first quarter, and the trend is likely to continue for subsequent quarters. – Asad Ahmed, A&M Managing Director …
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Desert Control joins Dubai’s in5’s alumni network after raising Dhs85m in IPO
Desert Control is ready to launch its commercial rollout of liquid natural clay that turns deserts into fertile land.
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New Regulation to ensure efficient risk management of UAE banks’ outsourcing activities
ABU DHABI- The Central Bank of the UAE (CBUAE) has issued a new Outsourcing Regulation and accompanying Standards for banks operating in the UAE, as part of its ongoing efforts to introduce robust …
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Abu Dhabi Islamic Bank, Visa Launch eCommerce Biometrics In UAE
The first biometrics authentication solution for online transactions in the UAE is being introduced by Abu Dhabi Islamic Bank in collaboration with Visa.
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UAE Central Bank issues new outsourcing regulation
Dubai: The UAE Central Bank has issued a new outsourcing regulation for banks. The new set of rules are part of the regulator’s ongoing efforts to introduce robust regulatory frameworks that safeguard …
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Revealed: How the UAE’s largest banks bounced back during Q1
The 10 largest listed banks in the UAE saw aggregate net income jump by 85 percent in the first quarter of 2021 compared to the previous three months, according to new research from global …
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Desert Control joins in5’s alumni network after $23m IPO
Agri-tech startup Desert Control is ready to launch commercial rollout of liquid natural clay (LNC) – an innovation that turns deserts into fertile land – after joining the alumni network of in5, an …
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Desert Control’s liquid natural clay turns deserts into fertile land
Environmental technology startup opens an office in Dubai and expands to Abu Dhabi to scale up commercial operations after graduating from in5.
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UAE-based Ziina raises $7.5m in latest funding round
Ziina, the UAE’s first Peer-to-Peer (P2P) payment application, which is backed by Y-Combinator (YC), announced its latest funding round of $7.5 million. The round which closed in May 2021 will help …
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UAE-based payment app Ziina raises $7.5m
Dubai: The UAE peer-to-peer (P2P) payment app Ziina secured $7.5 million in its latest funding round. Funds raised will help the company launch its new ‘digital wallet’ service and fuel expansion into …
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Fashion e-tailer About You eyes $4.9bln valuation in Frankfurt IPO
BERLIN – German fashion e-tailer About You set a price range of 21 to 26 euros per share on Tuesday for its initial public offering, putting a prospective valuation of around 4 billion euros ($4.9 …
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UAE Central Bank unveils portal to anonymously report misconduct
The Central Bank of the UAE (CBUAE) has launched a new whistleblowing portal that allows stakeholders to anonymously raise concerns related to misconduct or policy violations by CBUAE employees, …
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Russian IPOs Are On The Rise
At the end of 2020, global commodities trader Trafigura bought a 10% stake in Russian state oil producer Rosneft’s Vostok Oil, which operates a number of fields and projects in northern Russia and the …
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Middle East Crude-Benchmarks inch up as traders await OSPs
SINGAPORE- Middle East crude benchmarks Oman and Dubai edged up on Monday … while demand for oil continued to rise. Hedge funds focused on commodities have generated strong returns in 2021 and …
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FAB and MBRHE partner to provide housing finance for UAE Nationals
First Abu Dhabi Bank (FAB) has signed an agreement with the Mohammed Bin Rashid Housing Establishment (MBRHE) to provide flexible financing options for UAE Nationals seeking suitable family …
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Sheesha Finance and Draper Goren Holm to Support the Best DeFi Startups
Created by investment heavyweights Tim Draper, Alon Goren, and Josef Holm, Draper Goren Holm focuses on incubating and accelerating the best early-stage startups from around the world. The strategic …
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Smart Dubai and partners complete first phase of unified staff registry
Dubai: Smart Dubai has completed the first phase of the ‘Unified Registry For Dubai Government Employees’ project, launched in collaboration with the Dubai Government Human Resources Department and …
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