The UAE Central Bank has launched FinTech Office to develop a mature industry ecosystem within the UAE and position the nation as a foremost FinTech hub regionally and globally. “We are beginning to …
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UAE Central Bank launches new office to drive FinTech innovation
The Central Bank of the UAE (CBUAE) announced on Wednesday the launch of a FinTech Office which aims to develop a mature financial technology ecosystem within the country. The new office, announced …
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Revealed: Why UAE residents prefer Islamic banks over conventional banks for loans
penetration and perception of the Shariah-compliant banking sector in the UAE. “Respondents, both Muslim and non-Muslim, cite better rates and pricing as a factor influencing a potential shift to …
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Emirates NBD unveils global digital transaction banking ecosystem: businessONLINE
Emirates NBD, a leading bank in the Middle East, North Africa and Turkey (MENAT) region and a front-runner in digital banking solutions, has unveiled its next-generation global corporate banking …
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Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, rang the market-opening bell at the Nasdaq Dubai on Tuesday, November 24, to mark its listing of a one $1bn sukuk on the exchange.
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Saudi Arabia’s Jadwa hires HSBC to advise on exiting UEMedical – sources
Saudi Arabian investment bank Jadwa Investment’s private equity arm has hired HSBC to advise on the sale of its stake in Abu Dhabi healthcare group UEMedical, two sources familiar with the matter told …
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9 jailed, fined millions in UAE over Dh306m money laundering case
Nine individuals and nine firms have been found guilty in a Dh306-million money laundering case. An Abu Dhabi court on Tuesday fined the individuals Dh5 million each, while the companies will pay Dh50 …
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Now pay Dubai traffic fines in instalments from your phone
The service is available round the clock. He said the initiative is in collaboration with the Central Bank of UAE and Dubai Islamic Bank. “The smart service in line with Dubai Government’s …
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Exclusive: Fintech Tarabut Gateway closing in on launch of UAE Open Banking after Bahrain success
Clients are attracted to banks who are zealous about providing the best deals possible, and who through open APIs enable third-party developers to build applications and services around the financial …
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Commercial Bank of Dubai partners with Quwat Al Barq
Commercial Bank of Dubai has partnered with Quwat Al Barq Businessmen Services for issuing and topping-up the new eDirham card.
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IPO-bound Biocon Biologics in talks with Abu Dhabi fund ADQ to raise fresh capital
If the negotiations fructify— coming two weeks after the Goldman Sachs deal—it would mark the fourth successive investment in the Kiran Mazumdar Shaw-led Biocon unit in 2020.The last fundraise was …
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UAE to allow 100% foreign business ownership: Key points to note
The UAE announced on Monday that foreign nationals will now be allowed to own 100 per cent of commercial companies within the country, eliminating the need for a UAE national to hold the majority …
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UAE and Israel – a partnership that can help the world
Israel can help the UAE expose its tech startups to partners and investors in the West, while the UAE can be Israel’s gateway to Asia and the East.
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ADIB provides $24.8mln finance for UAE client’s UK investment park buy
We are delighted to have supported our UAE-base client with a tailored financing solution to acquire an income producing, high-quality asset in the UK offering long-term secure income. “The continued …
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UnionPay Partners with Abu Dhabi Islamic Bank to Enable Contactless Payment on 15,000 Terminals throughout UAE
PRNewswire/ — UnionPay International (UPI) has partnered with Abu Dhabi Islamic Bank (ADIB), one of the United Arab …
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UAE to take action against non-registered Hawala operators from December 3
The UAE Central Bank will start taking legal action against non-registered Hawala service providers when registration deadline expires on December 2, 2020, after which no Hawala service provider will …
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Sharaf DG, UAE’s leading electronics retailer announced their commencement of DG Friday Sale
Sharaf DG, UAE’s leading electronics retailer announced their commencement of DG Friday Sale. With an Omni channel presence, retailer has …
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