Emirates NBD, Dubai’s largest lender by assets … Middle East and Africa that joined the FTSE 250 Index of London-traded equities last month. NI’s IPO was the biggest of the year at the time of its …
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UAE’s Bayt.com eyes going public
UAE – Bayt.com, a leading online marketplace for jobs in the Middle East, is planning to file for an initial public offering (IPO) over the coming period, Al Bayan newspaper reported. The Dubai-based …
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Egyptian digital payments company Fawry preparing for IPO
Al-Borsa said EFG Hermes would manage the IPO and Zulficar & Partners would serve as legal counsel. EFG Hermes declined to comment when contacted by Reuters. The last IPO by a private company on the …
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The Debt Panel: ‘A UAE bank is chasing me for a liability from 1997. Do debts expire?’
I was recently contacted by a debt collection agency by phone on behalf of a bank in the UAE. They alleged there are outstanding credit card dues from 1997 for some Dh200,000. I left the UAE in …
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Consolidation, digital transformation, drive UAE’s banking sector moving forward
There are 49 banks under the auspices of the Central Bank of the United Arab Emirates’ (CBUAE), of which 27 are foreign banks, 22 are national banks and seven are local banks that follow Shari’a …
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Barclays to cut 20% of jobs in Dubai wealth management unit
It “considers the UAE and MENA region as a key market and remains fully committed to continue serving clients based there.” The bank employees about 200 staff in the Dubai International Financial …
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Liv. donates to Dubai Cares
Dubai: Liv., the digital-only lifestyle bank by Emirates NBD, today announced a donation of AED 50,000 to UAE-based global philanthropic organisation Dubai Cares, as part of a charity campaign. The …
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90% of people in UAE use digital banking
According to numerous studies conducted by official authorities, such as the Federal Competitiveness and Statistics Authority, the percentage of digital banking users in the UAE rose to 90 percent …
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It’s real estate shining in UAE markets
Dubai: Equity traders in the UAE are ditching expensive banking shares and opting for relatively cheaper real estate stocks. Emaar Properties shed 22 per cent from April through May and has been …
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Dubai Land Department inks OA deal with Al Masraf
The Dubai Land Department (DLD) has reached an agreement with the Arab Bank for Investment and Foreign Trade (Al Masraf) to manage and service the Owners Association (OA) accounts. The MoU was signed …
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Dubai’s Amlak said to be to restructuring $1.2bn with creditors
Emirates NBD, the United Arab Emirates’ second-biggest lender, Standard Chartered, Dubai Islamic Bank, Abu Dhabi Islamic Bank, Dubai’s Department of Finance and the National Bonds Corp. are among …
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Standard Chartered Bank partners with UAE Exchange for Cash Management Services
The arrangement allows corporate clients of Standard Chartered Bank to deposit cash in their accounts through the 150+ UAE Exchange branches located across the UAE Through this extended partnership, …
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Dubai’s Amlak Close to Restructuring $1.2 Billion With Creditors
Amlak Finance PJSC is nearing a deal to restructure debt for a second time as the Dubai-based Islamic mortgage provider navigates an ongoing property slump, according to two people with knowledge of …
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Certified banking experts to help judges in UAE courts solve complex bank-related cases
Dubai: Courts in Dubai and Northern Emirates will now have qualified court banking experts to assist judges in bank-related cases. The move comes after the United Banks Federation (UBF) launched …
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NextHash at the Blockchain Congress Dubai: digital securities and regulation
Our CMO Daniele Mensi on stage at the 3rd Annual Global Blockchain Congress in Dubai The 3rd Annual Global … where +100 institutional investors, hedge funds, high network individuals, venture …
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Dubai bank launches new app to boost customer loyalty
Noor Bank, the Dubai-based Shari’ah-compliant bank, has enriched its customer loyalty programme with the launch of the Noor Bank Infinity Treats app. Noor Bank debit and credit card customers can …
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Central bank finds banks’ asset composition well-balanced
Dubai: Levels of asset growth in the UAE banking system and loan exposures to various sectors of the economy are within the risk absorption capacity, and do not pose any imminent systemic threat …
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