Dubai government said on Saturday it plans to increase its tourism and hotel capacity by 134% over the next 20 years, part of a wider plan to make the emirate more competitive as Gulf countries brace …
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Central Bank of the UAE, Aurora50 partner to enhance female representation
The partnership will advance female representation on public and private sector boards consistent with international best practice through knowledge exchange and building a strong pipeline of female …
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Pakistan confident UAE will rollover $1b loan
The finance ministry has said that it is “confident” that the United Arab Emirates (UAE) will rollover the $1 billion loan that matured on Friday, quelling reports that Dubai had withdrawn the …
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Major blow to Imran Khan, UAE demands its $1 billion back from Pak
The UAE, on the other hand, is not the only country that wants … according to the Pakistani Ministry of Finance and the State Bank of Pakistan (SBP). The country is facing a huge debt crisis and …
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Triterras Buys Invoice Bazaar To Boost Supply Chain Finance
Triterras, which works in trade and trade finance, will be acquiring Invoice Bazaar, which has operations in the UAE and offices in Dubai and India.
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Mideast private equity firms to sell assets as markets strengthen
Private equity firms in the Middle East are preparing to exit a range of investments, a sign that asset markets in the region are recovering from the twin blows of Arab Spring uprisings and the global …
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UAE economy on track for early recovery
The World Bank has predicted that the $414 billion UAE economy would grow by 2.4 per cent in 2022, after a contraction of 6.3 per cent in 2020 and a one per cent rise projected for 2021. The …
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Qatar resumes condensate exports to UAE after blockade lifted, data shows
Qatar has resumed exports of condensate to the United Arab Emirates after a three-year blockade was lifted, with a tanker offloading at the port of Dubai’s Jebel Ali port this week, Refinitiv Eikon …
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Dubai’s DIFC Investments full-year profit declines 74%
DIFC Investments, controlled by Dubai’s tax-free business hub, posted a 74 per cent drop in profit. Full-year profit net income fell to $31m from $118m a year ago, while revenue declined about 8 per …
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Saudi Telecom Company confirms plan to list internet services unit in IPO
The company said that it was now in the process of submitting an application for the registration and offering of its shares to the Capital Market Authority …
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How UAE’s baraka is bringing investing closer to the region’s millennials
Despite the rising interest in investing among millennials globally, the Middle East’s youth population doesn’t have trading platforms that cater to them or present financial news in a relatable …
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Israel Aerospace, UAE weapons maker team up on anti-drone tech
JERUSALEM (Reuters) – Israel Aerospace Industries (IAI) said on Thursday it will jointly develop an advanced drone defence system with United Arab Emirates’ state-owned weapons maker EDGE.
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Emirates NBD integrates website with UAE PASS for seamless digital account opening
Suvo Sarkar, Senior Executive Vice President and Head of Retail Banking and Wealth Management, Emirates NBD Dubai: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and …
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Education Market in UAE will Accelerate at 5% CAGR During 2020-2024 | K-12 Schools Segment to Offer Maximum Opportunities | Technavio
The education market in UAE is set to grow by 378 thousand units, progressing at a CAGR of about 5% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, …
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Dubai Business Hub’s Profit Slumps as Virus Relief Weighs
Dubai International Financial Centre, the city’s tax-free business hub, posted a 74% drop in profit as coronavirus-related measures weighed on its earnings.
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Bank Muscat gives initial guidance for 5-yr dollar bonds – document
DUBAI, March 10 (Reuters) – Bank Muscat gave initial price guidance of between 5% and 5.125% for U.S. dollar-denominated five-year bonds, a document showed on Wednesday. Bank ABC, Bank Muscat …
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UAE starts first independent digital banking platform
The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a leader in the Middle …
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