Perhaps nowhere is the world’s lack of flights due to the coronavirus pandemic more clearly felt than at Dubai International Airport, for years the world’s busiest for international travel. Its …
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HSBC extends $558mln funding for UAE’s Etihad Rail project
supply chain and receivables finance cash management and foreign exchange solutions” for the completion of the railway. The portion of the project that is being financed involves the construction of a …
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UAE Cabinet approves reformation of Board of Directors of Etihad Credit Insurance
Deputy Ruler of Dubai and Minister of Finance, as per the Article of Association of the Company, which requires the re-appointment of the Directors, after a period of three years. The members of the …
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MIDEAST STOCKS-Profit-taking weighs on Dubai; Saudi rises as bank stocks gain
Dubai’s stock market fell on Tuesday, snapping six sessions of gains, dragged by property shares and profit-taking, while the Saudi index rose modestly. June 9 (Reuters) – Dubai’s stock market fell on …
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Dubai Islamic Bank tightens guidance for dollar sukuk, gets over $4.15 bln in orders – document
Dubai Islamic Bank tightened the price guidance for its planned issuance of long five-year dollar sukuk and received more than $4.15 billion in orders for the Islamic bonds, a document showed on …
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Saudi takes lead in MENA IPOs; four deals raise $814.2mln in Q1 2020
The MENA region recorded an increase in IPO volume and value during Q1 2020, with four IPOs raising total proceeds of $814.2 million. This represents a 14-fold increase when compared to the $57.6 …
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Corporate tax in UAE will turn away investors, says GWS Group chairman
The introduction of a corporate tax in the UAE will turn away international investors and wealthy residents, according to the chairman of tax advisory GWS Group, in response to a prediction by Emirati …
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Majority of UAE banks plan to enable open banking in one year
Eighty-eight percent of finance institutions in the UAE plan to enable open banking in the next 12 months, a survey conducted by Finastra research revealed. Open Banking is a system that provides …
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Shrinking interest margins hurt UAE bank profits
The report said that the top 10 UAE banks reported a combined 6.3 per cent quarter-on-quarter drop in interest income, largely due to the low interest rate environment. The net profit declined by 22.4 …
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Islamic Finance: OIC’s economic share at $6.6trln
The share of the Organisation of Islamic Countries (OIC), in the global economy shrank last year, accounting for 8 per cent or $6.6 trillion of global economy which is estimated at $86.6 trillion, …
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UAE- Cabinet approves newly-formed AECB’s Board of Directors
The Cabinet has approved a resolution to reconstitute the Board of Directors of Al Etihad Credit Bureau, AECB, under the chairmanship of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai …
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UAE- OIC’s economic share at $6.6 trillion
The share of the Organisation of Islamic Countries (OIC), in the global economy shrank last year, accounting for 8 per cent or $6.6 trillion of global economy which is estimated at $86.6 trillion, …
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KSA and UAE Food & Beverage Markets 2019-2020 – Consumption Habits, Mega Trends, Emerging Opportunities
The 2020 outlook of the KSA and UAE F&B market charts out the prevailing trends in the F&B consumption patterns across the 2 countries, and provides the shares of the various food …
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Amid pandemic, life insurance becomes priority for UAE residents
According to the survey results, 46 percent of UAE residents have indicated that life insurance is more important to them than before the pandemic – placing it four times higher than travel insurance …
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Jailed Businessman Gets Chance To Attend UK Fraud Trial
An Indian businessman accused of tricking a hedge fund into buying $70 million in securities won a chance at defending himself in London when a judge adjourned the trial on Thursday to allow him to …
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Best Things to Do in Dubai and Skydiving Packages From Cloudsdeal
Cloudsdeal.com presents a complete list of amazing places to explore in Dubai, one of the most beautiful cities that everyone must visit on their vacation. From the record-breaking architecture, …
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2020 Outlook of the KSA and UAE Food & Beverage Market – ResearchAndMarkets.com
Outlook of the KSA and UAE F&B Market” report has been added to ResearchAndMarkets.com’s offering. The 2020 outlook of the KSA and UAE F&B market charts out the prevailing trends in the F&B …
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