(Dubai): AlHuda Centre of Islamic Banking and Economics (CIBE) is going to organize CIS Islamic Banking & Finance Awards at Tashkent, Uzbekistan on May 02, 2019. The awards will be given to the …
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HSBC sees growth in green finance with low carbon push in Menat region
There are opportunities for local and international lenders in the green finance space with the rise in renewables energy capacity deployment, especially in the region’s two biggest economies – Saudi …
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Abu Dhabi said to mull merger to create biggest MidEast bank
A representative for First Abu Dhabi Bank, known as FAB, said the firm doesn’t comment … newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to …
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First Abu Dhabi Bank strongly denies report on merger with Abu Dhabi Islamic Bank
Dubai: First Abu Dhabi Bank (FAB) has strongly denied it is merging with Abu Dhabi Islamic Bank to create the biggest lender in the Middle East. Quoting anonymous sources, Bloomberg reported that …
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Blockchain technology and the future of banking
Nicholas Jones, senior manager of banking & financial services recruitment at Robert Walters Dubai, shares his insight: Despite historically having been one of the most immune sectors to technological …
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Mideast Stocks: Banks lift Saudi, Dubai continues to rally on Emirates NBD deal
Saudi Arabia’s stock market marked its ninth session of gains on Thursday, led by banking shares, while Emirates NBD’s deal to buy Turkey’s Denizbank lifted Dubai’s main index. The Saudi index was up …
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First Abu Dhabi Bank, Abu Dhabi Islamic Bank deny merger talks
First Abu Dhabi Bank, the largest lender in the United Arab Emirates, in a bourse filing said it “strongly denies the report issued by Bloomberg on the potential merger”. “FAB currently has not …
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Dubai Lender May Save Up to $700 Million in Turkey Deal on Lira
(Bloomberg) — Dubai’s biggest bank may save as much as $700 million in a deal to buy Turkey’s Denizbank AS after the lira slumped and economic growth stalled since the agreement was announced …
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Dubai logistics firm Tristar seeks banks to advise on IPO
Dubai logistics firm Tristar has asked investment banks to pitch for advisory roles for its planned listing in London, two sources told Reuters. Tristar is seeking to raise $250m in a potential …
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Dubai logistics firm Tristar seeks banks to advise on IPO: sources
DUBAI (Reuters) – Dubai logistics firm Tristar has asked investment banks to pitch for advisory roles for its planned listing in London, two sources told Reuters. Tristar is seeking to raise $250 …
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Emirates NBD to Pay 14% Less For Turkey Bank After Lira Slide
Dubai’s biggest bank will save about $400 million in a deal to buy Turkey’s Denizbank AS after the lira slumped and economic growth stalled since the deal was announced 10 months ago. The United Arab …
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There’s Only One Sure Winner in This IPO Flurry
Meanwhile, Dubai-based Network International, itself a dominant player in the Middle East, is seeking about 580 million pounds ($757 million) in a London IPO that will allow its original founder, …
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Dubai, China lead market rally
and other key markets across Asia and Europe gained on Monday on the back of the UAE’s Network International IPO on London, Aramco’s strong profitability, soft Brexit expectations and stronger China …
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Ducab appoints new Chief Financial Officer
Dubai: Ducab, one of the UAE’s largest manufacturing businesses, has appointed Mr. Meshal Al-Naqbi to the position of Chief Financial Officer, taking responsibility for the management of the company’s …
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RFI, DIB to host Islamic finance forum at RFI Summit
The Responsible Finance & Investment Foundation (RFI) has partnered with Dubai Islamic Bank and UNHCR to organise a roundtable on April 28 about strategic philanthropy and Islamic finance as a part of …
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Kuwait inks financial aid agreement for Bahrain
DUBAI – Kuwait signed an agreement to support Bahrain’s economy as part of a series of fiscal reforms Bahrain has embarked on last year, Kuwait’s finance ministry said on Tuesday, formalising a …
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DIFC wins Dubai Quality Award for business excellence
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has received the Dubai Quality Award during the 25th …
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