The UAE Ministry of Finance launched the Mohammed Bin Rashid Innovation Fund Accelerator, a public-private partnership to support local and international innovators, at a special event held at Dubai O…
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Dubai’s DFSA warns of online scam
The Dubai Financial Services Authority (DFSA) is warning Dubai’s financial services community and the general public about a scam being committed by fraudsters purported to come from the DIFC Authorit…
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UAE lenders unaffected by troubles at Sharjah’s Invest Bank
Banks in the United Arab Emirates were unaffected on Monday by the central bank’s statement in support of Sharjah’s loss-making Invest Bank, which has been hit by exposure to the UAE’s …
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UAE Central Bank’s foreign currency assets, monetary base rise 6%
Abu Dhabi: The total foreign currency assets held by the Central Bank of the UAE rose 5.9 per cent in November, as current account balances went up and deposits with foreign banks strengthened.
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MIDEAST DEBT-UAE lenders unshaken by troubles at Sharjah’s Invest Bank
DUBAI, Dec 17 (Reuters) – Banks in the United Arab Emirates were unaffected on Monday by the central bank’s statement in support of Sharjah’s loss-making Invest Bank, which has been hit by exposure to …
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UAE Finance Ministry launches innovation accelerator for start-ups
The Mohammed Bin Rashid Innovation Fund is inviting applications from start-ups around the world and will select up to 25 local and international companies for its first accelerator programme to boost …
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UAE finance ministry launches accelerator
The UAE’s Ministry of Finance has launched a new accelerator to drive innovation in the country. The Mohammed Bin Rashid Innovation Fund (MBRIF) Accelerator is a year-long programme established in par…
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UAE Residents Financially Happy Amid Looming Job Losses and Pay Cuts
YouGov’s latest survey finds that although UAE residents are generally happy with their current financial situation, they worry about their financial future due to fear of job loss and pay cuts Financ…
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UAE Central Bank says ready to provide liquidity to Sharjah’s Invest Bank
The UAE Central Bank on Sunday said it was closely monitoring financial developments at Sharjah’s Invest Bank after the emirate’s government said it would take a majority stake. The state …
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UAE central bank says to support Invest Bank with all available liquidity facilities
DUBAI, Dec 16 (Reuters) – The central bank of the United Arab Emirates (UAE) said on Sunday it stood ready to extend “all the available liquidity facilities” to struggling Invest Bank . The central ba…
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Dubai Investments unit said to hire HSBC, Citigroup for sukuk
Dubai Investments Park Development, which develops and manages property for the holding company, is also working with First Abu Dhabi Bank, Emirates NBD and Dubai Islamic Bank to place the five-year n…
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Dubai’s biggest bank embraces Google Pay technology
Emirates NBD, Dubai’s biggest bank, has announced that its debit and credit card customers can now pay via Google Pay. As contactless payments gain popularity in the UAE, the bank, which is investing …
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Shares of Qatar Aluminium surge above IPO price on debut
DUBAI – Shares of Qatar Aluminium opened at 18.00 riyals on Sunday, 78 percent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar’s biggest equity listing this …
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Standard Chartered cuts jobs in Indian retail bank operation
The bank is also cutting jobs in Dubai and key markets including Singapore, including some senior roles, people familiar with the matter said earlier this month. Standard Chartered cut jobs in its Ind…
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Dubai, UAE Bankruptcy Reports – Contracting Company, Supermarket & Retail Outlets – Dubai Video
https://gulfnews.com/business/property/50-per-cent-completion-required-before-off-plan-sales-can-begin-in-dubai-1.2176706 Al-Ahli supermarket … is closing down – Al-Sharhan Securities GEMS had plann…
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UAE-China currency swap expected to boost trade
Abu Dhabi: The UAE Central Bank said on Wednesday that a currency swap between China and the UAE is going well and that transactions between the two countries are up 13 per cent year on year.
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UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions
The United Arab Emirates and Saudi Arabia are jointly developing a digital currency meant for interbank transactions. A digital currency meant for interbank transactions is being jointly developed …
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