The ceremony was attended by H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance; H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and …
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Finablr to spend $200M of IPO money on expansion
The UAE-based company, whose brands include UAE Exchange … announcing its first results on the London Stock Exchange after June 30 this year. Finablr’s IPO price was 175 pence per share, …
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Leadership Spotlight: Standard Chartered CEO is banking on success
For Standard Chartered Bank, the Middle East region is a huge capsulate of capital. We enjoy a history of around 100 years in this region. We’ve started our operations in Bahrain back in 1920 and in …
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Noor Bank partners with ICICI Bank
Noor Bank, a leading Shari’ah-compliant bank in the UAE, has announced a strategic partnership with ICICI Bank Limited, India that allows customers to make instant money transfers to India from …
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UAE- Tricks of the trade learned in a virtual room
(MENAFN – Khaleej Times) The Emirates Institute for Banking and Financial Studies (EIBFS) has launched a first-of-its-kind simulated trading room in the UAE to provide first-hand knowledge of the …
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UAE’s Noor Bank to offer instant money transfers to India
UAE-based Noor Bank has announced a strategic partnership with India’s ICICI Bank to allow customers to make instant money transfers to India from anywhere in the UAE, it was announced on Sunday. …
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UAE bank holiday declared for Eid Al Fitr
Dubai – UAE bank sector holiday for Eid Al Fitr has been announced on Thursday to start on Ramdan 29 and the first three days of Shawwal, work accordingly will resume on the fourth of Shawwal. …
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Dubai Financial Market : Tricks of the trade learned in a virtual room
Through the trading room, the EIBFS will provide cutting-edge and technology-enabled experiential learning, which empowers students to learn trading and portfolio-building skills. (Supplied photo) The …
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Chinese group eyes $10bn industrial investment in UAE
A Chinese conglomerate is exploring a landmark $10bn industrial investment in the United Arab Emirates as the Gulf state seeks to become the leading Middle Eastern partner for China’s Belt and Road …
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Over 50% of UAE residents overlook financial fine print, says study
Fine print, small print, terms and conditions – vall them what you may – yhese wordy and legalese-ridden documents can often dull the sparkle on seemingly great financial products and offers. …
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Dubai shares slide; UAE’s biggest lender FAB lifts Abu Dhabi index
Most major Gulf markets fell on Thursday weighed down by banking shares, mirroring wider Asian slump amid the US-China trade conflict. But UAE’s top lender lifted Abu Dhabi. Dubai’s index lost …
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Shares of Saudi shopping mall giant slip in major IPO launch
DUBAI — One of Saudi Arabia’s largest initial public offerings (IPO) in five years has slipped below expectations as it debuted on the Tadawul, the country’s stock exchange, Wednesday morning. Shares …
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Mall operator Arabian Centres shares drop below IPO price
RIYADH/DUBAI, May 22 (Reuters) – Saudi Arabian mall operator Arabian Centres shares traded below their initial public offer price on Wednesday, underperforming the market and reflecting limited retail …
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Nearly $1t GCC bank mergers under way
GCC banking sector is undergoing major consolidation phase with 20 banks negotiating mergers and acquisitions with an estimated $1 trillion worth of assets. The UAE leads the pack with highest number …
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COLUMN-Funds sell oil as economic fears trump supply threats: Kemp
(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON- Hedge funds continued to liquidate some of their bullish position in oil last week as concerns about the economy and …
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Hedge Fund Slams Denmark’s ‘Misleading’ $2B Tax Fraud Suit
Solo Capital Partners Ltd. — a U.K. hedge fund founded by Sanjay Shah that closed in 2016 … SKAT has filed a wave of litigation in courts in London, the U.S. and Dubai over the alleged fraud, which …
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Dubai tribunal affirms Royal Shield licence withdrawal
The Financial Markets Tribunal has affirmed a decision by the Dubai Financial Services Authority (DFSA) to withdraw the licence of Royal Shield Ltd to operate in or from the Dubai International …
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