By introducing this new regulation for the providers of SVFs, the CBUAE aims to facilitate Fintech firms and other non-bank payment service providers easier access to the UAE market while continuing …
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UAE fund gets tax break for investments
The decision is in line with the provisions of the Finance Act this year meant to encourage investments into infrastructure by sovereign wealth funds …
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UAE: Sheikh Mohammed attends camel race
The race was held on the occasion of the safe return of Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, after the surgery he recently underwent. Sheikh Hamdan bin …
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DFM International Investor Roadshow 2020 sheds light on Dubai capital markets’ investment opportunities
The event will be virtually held for the first time, with strong participation from 14 issuers of equities, Sukuk and bonds …
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Russian online retailer Ozon plans potential $500mln U.S. IPO
Russian online retailer Ozon has filed for an initial public offering (IPO) in the United States, it said on Tuesday, which financial market sources said could raise at least $500 million for the …
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Tax exempt: UAE sovereign fund first to get 100% I-T exemption on India investments
Notification process for Abu Dhabi SWF was completed “in record time” to expedite foreign investment in India’s priority areas during the pandemic, a source said …
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Dubai Islamic completes integration of Noor Bank
Dubai Islamic Bank (DIB), a leading Islamic bank in the UAE, has announced that it has completed the integration of Noor Bank with the successful migration of all banking relationships into DIB. The …
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Gulfmena launches its flagship fund the “Gulfmena Arab Opportunities Fund Limited”
This is the first directional absolute return hedge fund focusing specifically … that is regulated by the Dubai Financial Services Authority (DFSA). The fund’s shares are offered by way …
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Revealed: Where and how the UAE will spend its 2021 budget
That, in addition to enhancing government entities’ ability to implement and achieve their goals and programmes with the required efficiency,” said Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of …
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Dubai Islamic Bank completes integration with Noor Bank
Dubai – Dubai Islamic Bank (DIB), the UAE’s largest Shariah-compliant bank, on Monday said it had completed the integration of Noor Bank following completion of the merger of two banks Dubai Islamic …
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Dubai Islamic Bank completes Noor Bank integration in 283 days, well ahead of target date
The full integration of Noor Bank into Dubai Islamic Bank has been completed, with the final phase involving the migration of the former’s banking relationships. The combined entity has assets of …
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Dubai Renewables Firm Alcazar Energy Said to Resume Sale Process
Dubai-based Alcazar Energy Ltd. has resumed a strategic review that could culminate in a sale of the company at an enterprise value of about $1 billion, according to people with knowledge of the …
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Dh58 billion budget will put UAE on path to early recovery
The UAE Cabinet on Sunday approved a Dh58 billion budget for 2021 … The budget reflects strength of the national economy and the abundance and sustainability of resources to finance development, …
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‘Central Bank’s been vital in promoting financial control and stability in the country’
The Central Bank has been vital in promoting financial control, monetary stability, efficiency and resilience in the country’s financial system, as well as protecting consumers through the issuance of …
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UAE’s First Abu Dhabi Bank Mobile Banking App added to HUAWEI AppGallery
Our partnership with a leading regional bank means that not only will our businesses benefit … “Huawei has been working closely with local developers in the UAE to increase customer engagement with …
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Dhs20.7 billion profits of 8 UAE banks in 9 months
The eight banks are “Emirates NBD”, “First Abu Dhabi Bank”, “Dubai Islamic Bank”, “Abu Dhabi Commercial Bank”, “Sharjah Islamic Bank”, “National Bank of Ras Al Khaimah”, “Dubai Commercial Bank” and …
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AU Small Finance Bank brings NRI banking closer to residents
AU Small Finance Bank, a brand that continues to play on its strength and bring the underbanked into the banking fold, ensures an …
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