DUBAI, United Arab Emirates — Saudi Arabia says it “remains … that acquisition is likely the Saudi Arabian Oil Co.’s proposed purchase of a stake in petrochemical firm SABIC. The IPO of Aramco is a …
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UAE Food Bank donates meat to needy families at abattoir
Workers and needy families received sacrificial meat donations at Al Qusais abattoir during Eid Al Adha, thanks to the UAE Food Bank counter that was introduced across slaughterhouses for the first ti…
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UAE aid: Delhi rules it out, Kerala CM Pinarayi Vijayan says not any other nation
UAE cannot be considered as any other nation … has invited flak for the flood relief amount released so far — Rs 600 crore. On Wednesday, Kerala Finance Minister Thomas Isaac took to Twitter: “Natio…
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Kerala floods: Centre can accept financial aid made voluntarily by another country, says state
The Union government should compensate Kerala if it chooses to adopt a negative stance towards the aid of financial offer made by the United Arab Emirates, Isaac said in a tweet. National Disaster Man…
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Autarky: Centre rejects UAE financial aid for flood-hit Kerala
The central government has refused to accept several hundreds of crore in aid money offered by the United Arab Emirates (UAE) to flood-ravaged Kerala state. The foreign affairs ministry has communicat…
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Why India Might Refuse 700 Cr Aid From UAE For Kerala
The governments of Maldives and Qatar too, have pledged to send financial aids to Kerala. CM Pinarayi Vijayan informed that the United Arab Emirates will provide Kerala an assistance of ₹700 Crore. Ke…
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UAE gov’t offers $100m in financial aid to rebuild Kerala
The UAE government has offered $100 million in financial assistance to rebuild the flood-hit Indian state of Kerala, Chief Minister Pinarayi Vijayan said on Tuesday. In comments published by local med…
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UAE extends $100 million aid to Kerala
The UAE government has extended $100 million as financial assistance to rebuild the flood-ravaged Indian state of Kerala, Chief Minister Pinarayi Vijayan said on Tuesday. “Malayalis from all corners o…
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UAE offers financial assistance of $100 million for Kerala flood relief funds
Kochi: The Chief Minister of the flood-hit state of Kerala, Pinirayi Vijayan, said on Tuesday that the United Arab Emirates has offered a financial assistance of Rs 700 crore (approx. $100m)for Kerala …
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Can a Woman Head a Household in Dubai? Our Reporter Ventures to Find Out
In the U.A.E., a sponsor’s bank accounts are frozen while authorities conduct an inquest into the death, leaving dependents without access to any money. Image Despite a generally conservative view of …
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End of service benefits withheld by bank
I received a big surprise when the Dubai Islamic Bank (DIB) customer service staff told me that DIB would not release my end-of-service benefit (EOSB) due to my loan, which is as per their “new policy …
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Long bank holidays send wrong signal to businesses
Businesses can’t run if essential services aren’t available, and that includes banking. Which brings us to the question — why is the UAE banking sector shutting down for a week? No other sector is as …
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Shuaa looks to manage IPOs in latest turnaround initiative
Shuaa Capital will look to procure a license to offer IPO Management services, the Dubai-based investment bank has announced. The company will look to offer services in “investment management, promoti…
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Traded value in Dubai tumbles ahead of holidays
Traded value fell to Dh39 million on Sunday compared to more than Dh100 million last week. The Dubai Financial Market general index closed 0.44 per cent higher to 2,815.79. Emaar Properties closed 0.8…
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UAE markets further diverge in opposite directions
Dubai: Last week the Dubai Financial Market General Index (DFMGI) fell by 116.79 or 4 per cent to end at 2,803.32. This was the largest one-week drop since November of last year and it occurred as the …
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United Arab Emirates shares mixed at close of trade; DFM General up 0.44%
Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Consumer Staples, Banking and Insurance sectors propelled shares higher while losses in the Services, T…
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Shuaa to seek licence for investment and IPO management
Shuaa Capital, the investment bank in which Abu Dhabi Financial Group is the biggest shareholder, is seeking a license to add investment and initial public offering management in the UAE to its list o…
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