CEO and Founder of Regal Assets, an international alternative assets firm with offices in Beverly Hills, Toronto, London and Dubai. The price of gold hit … Therefore, gold is treated as an inflation …
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Creditors take action against UAE’s Al Jaber in decade-long saga
Al Jaber, a contractor with interests across a range of sectors, has struggled since building up debt in the wake of a UAE real estate crisis and began talks with creditors in 2011. Abu Dhabi …
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UAE Firm Hires Restructuring Expert for $2 Billion Debt Revamp
Abu Dhabi-based KBBO Group, once one of NMC Health Plc’s biggest shareholders, has hired a turnaround specialist to restructure its $2 billion debt pile, people familiar with the matter said.
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How 172 countries raised $18 billion for COVID-19 vaccine, and the role of Indian biotech firms
COVAX alliance seeks 2 billion doses for developing countries to fight COVID-19 DUBAI: FACT 1: Vaccines cure numerous infectious diseases. FACT 2: Rich countries have roped in the first 2 billion …
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UAE central bank failed to prevent Iran sanctions evasion: Report
Bank failed to act on warnings about a local firm which was helping Tehran to evade sanctions, leaked files show …
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DP World, Bank Leumi to Explore Israel Logistics Investments
DP World and Bank Leumi signed an accord to explore potential opportunities in the logistics sector as the United Arab Emirates and Israel normalize relations.
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Saudi Arabian supermarket operator BinDawood may price IPO at top of range
Saudi Arabian supermarket operator BinDawood Holding may price its initial public offering (IPO) at the top of its range after a bookrunner note said investors bidding below 96 Saudi riyal ($25.60) …
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S&P Global Ratings to discuss Islamic finance sector outlook
We would like to offer our sincere thanks to DIFC, DIEDC, and GIES for their partnership and support, but most importantly for leading the advancement of the Islamic finance industry here in the UAE. …
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Digital economy in UAE eyes fast lane
MBRIF – a Dh2 billion initiative set up to support innovators – now has 43 members, of which 39 are in its Accelerator programme and four in its …
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FinCEN Files: UAE central bank failed to prevent sanctions evasion
Among the FinCEN files is an SAR that shows the New York branch of UK-based Standard Chartered Bank contacted the Central Bank of the UAE in 2012 after noticing hundreds of suspic …
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Chemcon Speciality Chemicals IPO opens tomorrow: Key things to know
The IPO of Chemcon Speciality Chemicals opens on Monday and the manufacturer of speciality chemicals has fixed the p The issue closes on September 23. Ahead of its IPO, Chemcon Speciality Chemicals …
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IPO frenzy nets billions for venture capital backers
Venture firms netted handsome returns on paper for their early investments New York: Billions of dollars could be on the way to Sand Hill Road this week, home base for Silicon Valley’s venture …
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UAE construction sector set to contract in 2020 as coronavirus bites
The UAE’s construction industry is forecast to contract by nearly 2 percent this year due to the impact of the global coronavirus pandemic, it was announced on Tuesday. International construction …
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UAE’s Ministry of Finance Partners with Local Banks to Offer Digital and Contactless Payments for Settling Government Service Fees
UAE’s Ministry of Finance partners with local banks to offer digital and contactless payments for settling government service fees.
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UAE minister says ‘the whole region’ benefits from his country’s deal with Israel
The Middle East will benefit from the normalization of ties between Israel and the United Arab Emirates, said Abdulla bin Touq, the UAE minister of economy.
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UAE Ministry of Finance launches third generation e-Dirham system
MoF indicated that all customers can now pay government services fees using the new e-Dirham system. The new phase of the system included the Ministry of Economy (MoE), the Ministry of Finance (MoF), …
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Ajman Pay becomes UAE’s first local payment gateway to link with e-Dirham’s G3 cards
AJMAN – Ajman’s Department of Finance has announced that it will add e-Dirham’s third generation cards (G3) to Ajman Pay’s payment options, making it the UAE’s first smart government payment portal to …
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