Abu Dhabi Islamic Bank (ADIB), in partnership with the Ministry of Finance (MoF), is launching a new range of … e-Dirham cards will mark a major milestone in the development of the UAE’s cashless …
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UAE discusses ways to alleviate debt burden of countries in need
The Ministry of Finance (MoF) has participated in the G20’s virtual Fifth International Financial Architecture meeting, to discuss the latest international efforts to mitigate the repercussions of the …
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Russia’s Sberbank to target Middle East investors with UAE subsidiary
The state-owned bank said Sberinvest Middle East would engage in trade finance of Russian exports to the Middle East …
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Dubai’s Emirates NDB signs MoU with Israel’s Bank Hapoalim – Hapoalim statement
Emirates NDB, Dubai’s largest bank, signed a memorandum of understanding (MoU) with Israel’s Bank Hapoalim, the country’s largest lender, a statement from Hapoalim said on Monday.
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UAE’s Emirates NBD signs MoU with Israel’s Bank Hapoalim
The MoU was formalised by Emirates NBD’s Vice Chairman and Managing Director Hesham Abdulla Al Qassim and Group CEO Shayne Nelson, and Bank Hapoalim’s CEO, Dov Kotler in the p …
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Japan’s Nomura cuts investment banking jobs in Dubai
Tokyo-based brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other offices …
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Nomura Cuts Dubai Investment Bank Jobs in Mideast Coverage Shift
Nomura Holdings Inc. eliminated about a half dozen investment banking jobs in Dubai, as Japan’s biggest brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other …
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Saudi Arabia’s BinDawood Holding sets IPO price range
DUBAI — One of the leading Saudi supermarket retailer BinDawood Holding set price range for its initial public offering (IPO) seeking to raise as much as $585 million (2.19 billion Saudi riyals) in a …
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UPDATE 1-ADNOC completes $1 bln institutional placement for distribution business
State-run Abu Dhabi National Oil Company (ADNOC) said on Monday it had completed a placement to institutional investors of 10% in its subsidiary ADNOC Distribution’s total share capital, or 1.25 …
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UAE’s jewellery retailers are cashing in by selling their excess gold stocks
With demand down by 60-70%, retailers use their unsold stocks to pay off debt Dubai: UAE’s shoppers are staying away from jewellery stores after gold prices touched record highs – but that doesn’t …
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DIFC, DFF join forces to drive future of finance
The Dubai International Financial Centre is a leading global financial center in the MEASA region, and is now home to more than 200 fintech companies. Short Url https://arab.news/r6jsy Dubai …
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Dubai International Financial Centre to Continue Working with Local Organizations on Fintech Projects
The Dubai International Financial Centre (DIFC), which serves as an global financial hub in the MENA and South Asia region, has signed a Memorandum of Understanding (MoU) with the Dubai Future …
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Open banking: DAPI’s open letter to the UAE Bank Federation Advisory Council
An open letter on open banking, a framework for responsible innovation for banks and the fintech community in the UAE Members of …
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Saudi Arabia’s BinDawood Holding sets IPO price range, aims to raise up to 2.2b riyals
The company plans to offer 22.86 million existing shares at an indicative pricing of between 84 riyals to 96 riyals per share in the planned IPO, according to a regulatory filing on Sunday. It will …
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Saudi Arabia’s BinDawood Holding sets IPO price range, aims to raise up to $585mln
Saudi Arabian supermarket retailer BinDawood Holding set an indicative price for its initial public offering, seeking to raise as much as 2.19 billion riyals ($585 million) in a Riyadh listing. The …
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Mideast Stocks – UAE bourses ease in early trade; other major markets gain
Stock markets in the United Arab Emirates fell in early trade on Sunday amid a resurgence in new coronavirus cases, while other major Gulf markets traded higher. On Saturday, the United Arab Emirates …
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Saudi Arabia’s BinDawood Holding sets IPO price range, aims to raise up to 2.2 bln riyals
Saudi Arabian supermarket retailer BinDawood Holding set an indicative price for its initial public offering, seeking to raise as much as 2.19 billion riyals ($585 million) in a Riyadh listing.
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