NMC Health has secured loan commitments worth $275 million in a deal which would allow the lenders to improve their prospects of recovering money already owed by the United Arab Emirates troubled …
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Emirates NBD restores digital banking services
Bank customers faced disruptions in some e-services earlier this week Dubai: Emirates NBD said on Wednesday that it has restored its digital banking services following some disruptions earlier this …
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Emirates NBD restores digital banking services after three-day disruption
Account holders were unable to access the bank’s website and mobile app to make payments and remittances Emirates NBD said it has restored digital banking services after a system upgrade at the …
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UAE banks headed for more job losses in second half of 2020
Shrinking interest margins and non-interest incomes force banks to cut costs further Dubai: UAE banks, especially those with large retail operations are headed for more redundancies as businesses is …
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Lebanon’s Blom Bank considers selling Egypt subsidiary
Blom Bank is attempting to strengthen its finances as Lebanon endures financial crisis Cairo/Dubai: Lebanon’s Blom Bank said on Tuesday it was looking to sell its subsidiary Blom Bank Egypt …
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Azizi Developments says no IPO planned before 2023
Azizi Developments CEO Farhad Azizi said it will raise $300m from sukuk in Q1 2021 Dubai-based real estate developer Azizi Developments said it has no plans to take the company public for at least …
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Nathan’s Famous Partners With UAE Based Mezzan Group to Manufacture Halal Hot Dogs
Nathan’s Famous, Inc., the American tradition serving New York favorites for more than 100 years, announces today it has signed a licensing, manufacturing and distribution agreement with Mezzan …
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Alibaba, UAE-Backed Tesla Competitor Set To IPO In The U.S.
Chinese electric car start-up Xpeng Motors has filed for an IPO on the New York Stock Exchange. That comes after raising $400 million from Chinese media giant Alibaba, the Qatar Investment Authority, …
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Embrapa-UAE deal envisages genetic resource exchange
while they finance their part and we finance ours. Later on, we plan on seeking out financing from the Brazilian government, the UAE or other sources,’ Moretti explained. The memorandum is just …
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How pregnant women in Dubai can e-register for cord blood storage
Some 72 expecting mothers had e-registered for cord blood banking in Dubai, just a couple of months since the digital registration was launched, health authorities said. The Dubai Health Authority …
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HashCash Partners with UAE Bank to Help with Blockchain Digital Identity
Extending their expertise in the blockchain domain, HashCash Consultants has partnered with a UAE based global bank to help them streamline their banking and financial operation through the …
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How Aramco outperformed international oil companies
Saudi Aramco released its second quarter earnings on Sunday and announced that it would hold its $75 billion dividend despite first half and second quarter net income having fallen by 50 percent and …
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ThinkMarkets Planning for a $300 Million Australian IPO
ThinkMarkets, an online forex and contracts-for-differences (CFDs) broker, is planning for a $300 million initial public offering (IPO) by the end of this year.
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Dubai issues guidelines for reopening of universities
Dubai: Anyone showing symptoms of COVID-19 at university in Dubai must be isolated instantly and referred for a PCR test, the newly released ‘Protocols for the Reopening of Higher Education …
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UAE- GCC states to spur sukuk’s rally to $170B in H2
GCC countries will lead a rally in sukuk issuance in the second half of 2020, with low oil prices and a consequent surge in deficits triggering strong financing demand among sovereign issuers, Moody’s …
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Dubai-based entertainment agency lost AED2.5m worth of orders during Covid lockdown
News that concerts and live events can resume in Dubai has been warmly welcomed by the Dubai-based Dan Bolton Creative Management Agency, which lost AED2.5 million worth of orders within 24 hours as a …
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Investors launch Rocket IPO into high orbit
Rocket Companies raised $1.8bln in its initial public offering on Aug. 6 This website uses cookies to improve your online experience. They were placed on your computer when you launched this website.
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