Courts has acquired the qualified electronic seal solution Ethaq, a paperless initiative that enables digital authenticity of documents with the support of UAE PASS, the secure national digital …
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JP Morgan, FAB poised to win roles on IPO of Adnoc drilling unit
IPO could value Adnoc’s drilling business up to about $10 billion Dubai: Abu Dhabi National Oil Co. is close to hiring JPMorgan Chase & Co. and First Abu Dhabi Bank PJSC to help arrange the potential …
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Sweden’s Trustly Scraps $950 Million IPO Plans
Swedish FinTech Trustly Group is scrapping plans to raise an estimated $950 million in an initial public offering (IPO) following a review by regulators.
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U.K. Dishes Out First Tax Scandal Fine to Broker Linked to Shah
The U.K.’s financial regulator handed down its first penalty over the Cum-Ex tax scandal, fining a broker 178,000 pounds ($248,000) for failings regarding its relationship with hedge-fund manager …
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Qatar finance minister arrested in corruption investigation
Qatar’s finance minister was being questioned over alleged abuse of power and misuse of public funds in the energy-rich state after the attorney general ordered him arrested, state-run media reported …
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Qatar finance minister arrested over alleged embezzlement -statement
“at-above-post addthis_tool” data-url=” (Reuters) -Qatar Finance Minister Ali Sherif al-Emadi was arrested for questioning over allegations of embezzlement, abuse of power and crimes related to the …
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Qatar orders arrest of finance minister in corruption probe
Qatar’s public prosecutor has ordered the arrest of the finance minister, state-run media reported Thursday, to question him over alleged abuse of power and misuse of public funds in the energy-rich …
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This Dubai bank’s online services will not be available on Tuesday
Dubai’s largest bank Emirates NBD on Thursday said its certain online services would not be available next week due to maintenance. According to a statement sent out to its customers in the UAE, there …
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UAE’s Mashreq to use Oracle’s Transaction Banking platform
The platform is expected to help Mashreq respond more efficiently to the funding needs of local businesses and address capital diversification too.
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Personal finance: Your guide to UAE banks, interests, loans and loan payments
Banks in the UAE offer personal loans based on two types of interest rates — flat rates and reducing rates. The interest and sum payable on a loan is calculated at the start of the repayment schedule …
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Sanjeev Gupta’s finance chief quits
Steel tycoon’s GFG Alliance strikes Australian rescue deal with Californian lender, whose British arm “cuts red tape” …
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UAE: Indian expat complains against bank’s interest for a fully paid up loan
Bank resolved the issue after Gulf News’ intervention …
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IPO Fever Heating up Arab Gulf National Oil Companies
Middle Eastern national oils are heading to increased asset monetization, partly to reap the financial rewards of entering financial markets, locking in demand regions or to mitigate energy transition …
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Central Bank of UAE collaborates with SWIFT to enhance cross-border payments
The Central Bank of the UAE (CBUAE) is collaborating with SWIFT on an initiative to enhance the speed and transparency of cross-border payments. The CBUAE will be the first central bank globally to …
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JPMorgan, FAB Poised to Win Roles on Adnoc Drilling Unit IPO
Abu Dhabi National Oil Co. is close to hiring JPMorgan Chase & Co. and First Abu Dhabi Bank PJSC to help arrange the potential listing of its drilling business, according to people familiar with the …
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Sheikh Mohammed orders major changes in Dubai govt entities
A number of Dubai government entities will undergo major restructuring as His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, in his capacity as Ruler of …
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Zomato IPO: The company’s business, risks, and COVID-19 impact
Food delivery and aggregator Zomato last week filed for an initial public offering with the SEBI; Zomato’s largest shareholder InfoEdge will be divesting a part of its stake for Rs 750 crore through …
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