(Bloomberg) — The United Arab Emirates ratcheted up tension with oil allies in OPEC+, with officials privately questioning the benefits of being in the producers’ alliance and even considering …
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Mideast Stocks: Saudi, Dubai shares gain; Abu Dhabi declines
Dubai’s main share index added about 0.3% … Qatar National Bank gained 0.7% while another finance stock, Qatar Insurance Co, tacked on 2.5%. Outside the Gulf, Egypt’s benchmark index lost 0.7%, …
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Saudi, Dubai shares gain; Abu Dhabi declines
Saudi shares reversed course to end sharply higher on Wednesday as further positive news on COVID-19 vaccine development cheered investors, while the Abu Dhabi market posted losses on a day when most …
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US unveils star-spangled pavilion for Dubai’s Expo 2020
Star-spangled and featuring a SpaceX rocket module, the US pavilion at the gigantic Expo 2020 Dubai site was handed over Wednesday less than a year before the delayed launch of the world fair. The six …
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Hong Kong, Singapore, Dubai or Nur-Sultan: Where is the Future of Asian Arbitration?
With Beijing spooking some investors in Hong Kong, other Asian cities are angling for prominence as arbitration centers.
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Extension of UAE Central Bank’s support scheme a confidence booster: Bankers
The initiative would shield the economy from the impact of the pandemic and place the UAE in an ideal position to recover, once the pandemic is over …
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Figures released for 50th National Day show Oman-UAE 2019 trade reached $122 ml
Non-oil bilateral trade between the Oman and the United Arab Emirates reached 48 billion dirhams ($122 million) in 2019, the UAE’s state press agency WAM reported on Tuesday, according to figures …
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UAE-Oman bilateral trade reached Dhs48bn in 2019
The UAE’s Ministry of Finance said that non-oil trade between the UAE and Oman in 2019 stood at Dhs48bn, according to statistics reported by state news agency WAM. The ministry said that the UAE’s …
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UAE Gets First Rating From Fitch Ahead of Federal Bond Sale
The United Arab Emirates was assigned the fourth-highest investment grade at Fitch Ratings as the Gulf nation prepares to issue a federal bond for the first time.
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UAE-Oman’s bilateral trade reaches AED 48 bn in 2019: MoF
The Ministry of Finance highlighted the UAE’s keenness to reinforce its overall cooperation and ties with Oman, which is confirmed by figures and statistics from 2019 while congratulating Oman on the …
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UAE Central Bank extends Tess scheme to June next year
Move will provide relief for banks, finance companies enabling them to provide new loans, facilities to customers affected by the pandemic.
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Gulf IPO activity expected to increase after coronavirus forces listings rethink
The number of initial public offerings (IPO) is expected to increase in the final quarter of 2020 after coronavirus nearly brought the sector to a grinding halt over the last six months. From April to …
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Nearly half of UAE companies say salaries are now steady after COVID-19
But pressure on salaries will remain under pressure well into 2021 Dubai: Here’s the bad news – salaries will remain under intense pressure in the UAE job market even next year. But there are some …
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How Dubai is becoming more transparent to attract real estate investors
Dubai and Abu Dhabi are the most transparent real estate markets in the MENA region, according to the latest Global Real Estate Transparency Index from JLL. The index is considered a useful indicator …
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Saudi Aramco to issue bonds as it seeks cash amid oil slump
Saudi Arabia’s oil giant Aramco announced Monday it will issue international bonds as it seeks a cash infusion to help pay for billions of …
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UAE Central Bank Extends Virus-Related Loan Payment Deferrals
The United Arab Emirates will extend a key component of its coronavirus relief package — loan payment deferrals — through June 2021, the central bank said.
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UAE central bank extends stimulus scheme to stem COVID-19 impact
The United Arab Emirates central bank said on Monday it had extended to June 2021 the applicability period of key components of a stimulus scheme to support retail and corporate banking customers and …
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