The Central Bank of the UAE is extending support measures aimed at helping lenders mitigate the effects of the Covid-19 pandemic by six months until mid-2022 to back the country’s continued economic …
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UAE extends pandemic support scheme for banks until mid-2022
The Central Bank of the UAE (CBUAE) has extended several measures of its Targeted Economic Support Scheme (TESS) until the end of June 2022 to support the continued recovery of the country’s economy.
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UAE c.bank extends Targeted Economic Support Scheme through June
The United Arab Emirates’ central bank has extended several measures of its Targeted Economic Support Scheme (TESS) until June 30 to support the continued recovery of the country’s economy, the bank …
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Citibank UAE: Three Reasons to Open a Citi Account in the UAE
From managing funds to getting easy access to cash, a bank account offers multiple benefits to individuals and busin …
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Billionaire Majid Al Futtaim, who once worked as a bank clerk, passes away
Emirati billionaire Majid Al Futtaim, who once worked as a bank clerk, has passed away. Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum announced Al Futtaim’s death in a post on Twitter on Friday, …
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UAE community pays rich tribute to late businessman Majid Al Futtaim
Members of Dubai’s royal family and the business community paid rich tributes over the demise of prominent Emirati businessman Majid Al Futtaim on Friday night. Majid Al Futtaim, owner and founder of …
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UAE Central Bank and IFSB step up efforts to promote sustainable Shariah finance schemes
The Central Bank of the UAE and the Islamic Financial Services Board highlighted the instrumental role of the Islamic financial industry in global economic recovery and stressed the need to develop a …
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UAE-India free trade deal talks ‘proceeding well’, says top official
India-UAE bilateral relations will see “extraordinary developments” in the coming months, according to India’s Foreign Secretary Harsh V Shringla. UAE-India free trade deal talks ‘proceeding well’, …
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E-scooter firm Lime plans aggressive Middle East expansion
Mobility start-up Lime is planning to launch its e-scooter and e-bike rental service across the Middle East over the next two years.
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Standard Chartered makes key UAE hire as it targets Islamic banking growth
Standard Chartered has announced the appointment of Ali Allawala as head of Islamic banking (Saadiq) for the UAE as it targets growth in the Gulf country. Standard Chartered makes key UAE hire as it …
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Emirates NBD becomes first bank in Saudi to be awarded prestigious LEED® Gold V4 ID+C:CI certification
Dubai: Emirates NBD, a leading banking group in the MENAT (Middle East North Africa and Turkey) region, has announced that its Al Quds branch in …
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Some 13,978 Bahraini nationals invest in UAE’s public shareholding companies: Ministry of Finance
In a statement to the Emirates News Agency (WAM), on the occasion of Bahrain National Day, the ministry said that trade exchange between the UAE and Bahrain in 2020 was valued at AED20.1 billion, …
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UAE, Malta discuss cooperation
Clyde Caruana, Malta’s Minister for Finance and Employment, at Expo 2020 Dubai Leadership Pavilion, to discuss bilateral cooperation and means of boosting trade exchange between both countries. During …
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Dubai Islamic Bank (Public Joint Stock Company)
Dubai Islamic Bank (Public Joint Stock Company)’s (DIB) Issuer Default Ratings (IDRs) are driven by an extremely high probabilit …
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Panic Sellers ‘Practically Giving Away’ Their Bitcoin to Wealthy Buyers, Says Devere Group CEO
Nigel Green, founder and CEO of global financial advisory Devere Group, says bitcoin panic-sellers might be making wealthy buyers richer.
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Dubai Investments makes offer to buy shares in UAE insurance major
Dubai Investments has announced that it has made an offer to shareholders of National General Insurance Company (NGI) to acquire all or part of their shares in the company. Dubai Investments makes …
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DMCC’s Future Of Trade Crypto Report Explores Opportunities In USD 261 Billion Decentralised Finance Sector
DMCC– the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – launched today a special crypto edition of its Future of Trade thought leadership report …
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