The UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement for the financing of Stage Two of the Etihad Rail national rail network. The second stage will extend 605 k…
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Back on track: Finance deal agreed to triple the UAE’s rail network
The county’s fledgling rail network is to more than triple in length with the announcement of ambitious plans to extend services from the border with Saudi Arabia to Fujairah. Etihad Rail has agreed f…
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Ministry of Finance and Abu Dhabi Department of Finance sign agreement for financing Stage Two of the UAE national railway network
The volume of goods transported will increase from seven million tons per year on Stage One to more than fifty million tons. ABU DHABI, United Arab Emirates:– The UAE Ministry of Finance and the Abu D…
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Dubai’s DAE raises bond repurchase programme by $300m
Dubai Aerospace Enterprise (DAE), the Middle East’s biggest … “The current trading levels of our bonds are not consistent with our current credit ratings, strong financial performance or our project…
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UAE to enforce new regulations on tobacco products soon
His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Chairman of the Federal Tax Authority (FTA), issued a decision regarding the implementation of the Mark…
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DBS to almost double staff, triple revenue of Mideast private banking
DUBAI (Reuters) – DBS (DBSM.SI), Southeast Asia’s largest bank, said it would almost double its Dubai private banking staff in its bid to triple revenue for those operations in the Middle East …
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DBS bank announces five-year wealth expansion plan in the Middle East
Dubai branch to serve as strategic hub for bank’s Middle East private banking arm Along with its expansion plan, DBS also unveiled its new and expanded office premises located at the heart of Dubai’s …
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Singaporean fintechs engage with UAE digital bank
HI-TRAC: The author’s shorthand for Happiness Index, Infrastructure, Talent, Regulations, Access and Capital. The six pillars that make the UAE a great place for a startup. This week’s article is abou…
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UAE’s Al Hilal Becomes First Bank to Issue Sharia-Compliant Bond on Blockchain
A state-owned financial institution in the United Arab Emirates, Al Hilal Bank, has made history by becoming the world’s first Islamic bank to execute a Sukuk (Sharia-compliant bond) transaction …
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Emirates Institute for Banking and Financial launches research portal and mobile app
Dubai-UAE: – The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, has launched a state-of-the-art online research portal t…
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du Launches Cloud-based ICT Infrastructure and Compliance Management Services for UAE Enterprises with support from Caveonix
This relationship will ensure that large enterprises, particularly government and financial institutions in the UAE, can easily leverage proactive ICT and cloud workload protection in the face of comp…
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DIB Crowned World’s Strongest Islamic Retail Bank 2018
Dubai Islamic Bank, the UAE’s largest Islamic bank, received three much sought after awards, including the ‘Strongest Islamic Retail bank in the World’, at the prestigious Islamic Retail Banking Award…
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Petrochem eyes 2022 IPO, says CEO
“We are watching the IPO market, but this is not the time to do it … Its storage terminal in Jebel Ali Freezone in Dubai is considered among the most sophisticated facilities of its kind in the worl…
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UAE, GCC can bank on financial sector
The outlook of the UAE and GCC banking is steady and promising despite external challenges that it faces as the regional financial industry is capital-rich, Mohammed Al Hashemi, chairman of the UAE Fi…
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DeVere launches a new crypto fund
DeVere Group, which has over 80,000 clients in 100 countries, stated on its website that the new investment solution, called deVere Digital Asset Funds, is being in partnership the Dubai-based hedge f…
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Crypto Platform Bitex UAE Launches in United Arab Emirates
Those regulations Modi is referring to is the comprehensive framework the Financial Services Regulatory Authority, the regulator of Abu Dhabi Global Market launched earlier this year to regulate crypt…
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The wife of a man imprisoned in the UAE says he wasn’t even allowed to look at her as he was sentenced to life in a 5-minute hearing
The wife of a British academic who has been sentenced to life in prison in the United Arab Emirates said he was not even allowed to look at her in court. Matthew Hedges was sentenced on charges of spy…
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