Tristar, a subsidiary of Kuwaiti logistics firm Agility Public Warehousing, is headquartered in the United Arab Emirates and operates in 20 countries. Middle East logistics firm Tristar Group has …
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UAE Ministry of Finance Signs MoU With ADGM and IBRD to Establish the International Technology Centre in UAE
UAE Ministry of Finance signs a Memorandum of Understanding (MoU) with both; Abu Dhabi Global Market (ADGM) and the International Bank for Reconstruction and Development (IBRD) early today. UAE …
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Banks merge to create UAE’s third largest lender
(MENAFN – Khaleej Times) The third largest banking giant in the UAE with Dh423 billion in assets came into being on Wednesday following the merger of Abu Dhabi Commercial Bank, Union National Bank …
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UAE to establish International Technology Centre
Younis Al Khoori confirmed that the UAE is committed to participating in the realisation of economic development, financial sustainability and economic diversity through adopting new innovative …
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Finance House takes SMS Banking to the next level
“Finance House is proud to be the first Financial Institution in the UAE to offer Loan Top-up facilities to customers through SMS,” added Al Amir Gamal. Finance House’s Digital Transformation strategy …
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New UAE banking group unveiled with $115bn assets
Abu Dhabi Commercial Bank (ADCB) has merged with Union National Bank (UNB) and the merged entity has acquired Al Hilal Bank, forming the ADCB Group with effect from Wednesday. The ADCB Group, serving …
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UAE and KSA brands lead charge ahead of Middle Eastern neighbours in brand value stakes
LONDON. ADNOC is the Middle East’s most valuable brand, with its brand valued at US$8.9 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation …
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Dubai stock market sees trading, profits slump in Q1
Dubai Financial Market (DFM) Company has announced a net profit of AED28.1 million ($7.65 million) for the first quarter of 2019, a 43 percent decrease compared to the year-earlier period. The company …
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Rise of the family private investment office and fall of the hedge funds
A decade ago the most opulent conference of the season in Dubai was always the Hedge Funds World Middle East event, with – at its peak – almost a thousand high-rolling delegates to be feted and …
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Arabian Centres to raise up to $836 million in Saudi’s biggest IPO since 2014
DUBAI (Reuters) – Saudi Arabian mall operator Arabian Centres Co could raise up to $836 million at the top end of the price range for its initial public offering (IPO), the sale prospectus showed on …
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For rebounding Dubai IPO market, liquidity remains key
The Initial Public Offering (IPO) market in Dubai is likely to see a rebound this year after a long period of lull, and analysts say the ability of companies to attract liquidity in the primary …
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UAE participates in Arab financial institutions joint meetings
DUBAI, 25th April, 2019 (WAM) — A UAE delegation, headed by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated on Thursday in the joint annual meeting of Arab Financial …
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UAE participates in joint meeting of Arab financial institutions in Kuwait
Dubai: A UAE delegation, headed by H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated in the joint annual meeting of Arab Financial Institutions, and the meeting of the …
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UAE- DFSA takes action to protect the integrity of Islamic Finance
Dubai, UAE, 23 April 2019: The Dubai Financial Services Authority (DFSA) has imposed restrictions on David Barnett and Christopher Steer following an investigation into their conduct while working …
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Dubai Islamic Bank 1st Quarter 2019 Financial Results
Total income reaches AED 3.4 billion, up by 26% YoY. Net Profit increases to AED 1.3 billion, up by 12% YoY. Dubai, April 23, 2019: Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the …
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Sudan’s windfall from the Gulf and the perils of new development finance
Saudi Arabia and the United Arab Emirates announced on Sunday $3 billion of financial support in the form of $500 million in central bank deposits and a promised $2.5 billion in humanitarian support, …
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UAE Banks Federation announces new board
We have made great progress in our efforts to boost innovation and raise the profile of the UAE banking industry, and we are confident we will keep the momentum going as we move forward,” said …
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