plans to introduce standards of financial disclosures for Environmental, Social and Governance (ESG) criteria for relevant entities at Abu Dhabi Global Market (ADGM), the UAE capital’s financial cente…
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UAE, Saudi Arabia announce seven joint initiatives
Seven strategic initiatives in the fields of services and financial markets, tourism … The initiatives have hailed by a number of UAE and Saudi ministers as a translation of the integrated vision he…
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Dubai Financial Market : Potentially bullish trend reversal pattern in the Dubai Market
Although the Dubai Financial Market General Index (DFMGI) was down last week, falling by 28.84 or 1.13 per cent to end at 2,516.81, there is a pattern forming that could provide some optimism soon. Th…
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UAE said to lend $300m to crisis-hit Sudan
The agreement with the UAE’s government will provide for Sudan’s needs during its “agricultural season,” the Khartoum-based al-Intibaha newspaper reported, citing people in Sudan’s Finance Ministry. I…
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RTA, Commercial Bank of Dubai tie-up on payment of fines
Dubai’s Roads and Transport Authority (RTA) and the Commercial Bank of Dubai have agreed on an initiative whereby fines due from road users to the RTA and fees of seasonal parking cards can be paid th…
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GCC bank mergers to ease overcapacity, says Moody’s
In a latest report, Moody’s Investors Service says mergers will ensure that the banking sector would benefit through synergies and increased pricing power. In the UAE, mergers talks are underway among …
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Abu Dhabi financial centre launches sustainable finance agenda
The agenda that was launched as part of Abu Dhabi Sustainability Week aims to formally foster the industry of sustainable finance and investments in the UAE and wider region. “Banks have already start…
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Dubai, London financial hubs set to deepen fintech ties
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai and chairman of DIFC, on Tuesday received Peter Estlin, Lord Mayor of the City of London. Dubai International Financial Centre …
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Dubai Benefits From Proactive Policies
Recent developments and plans announced by Dubai’s government highlight the emirate’s promising trajectory towards becoming a “future-proof global business capital” according to ICAEW, an accountancy …
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ADGM Sustainable Finance Agenda unveiled at the Abu Dhabi Sustainable Finance Forum
UAE: Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is pleased to unveil its Sustainable Finance Agenda at the inaugural Abu Dhabi Sustainable Finance Forum (ADSFF), …
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Financial institutions are key to funding sustainable projects in the region, ADGM chairman says
to achieve long-term sustainability and prosperity for all,” Ahmed Al Sayegh, who is also a UAE minister of state, said on Wednesday at the Abu Dhabi Sustainable Finance Forum. “To achieve the right r…
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Saudi CMA nods to Bait Al Mal Al Khaleeji fund IPO
Riyadh – The Saudi Capital Market Authority (CMA) on Wednesday approved an initial public offer (IPO) for units in BMK Saudi Freestyle Equity Fund Sharia Compliant. The IPO made by Bait Al Mal Al Khal…
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Virtusa’s Open Innovation Platform Powers the First Open Banking Sandbox in the Middle East
“Emirates NBD has been happy to partner with Virtusa to debut the first API Sandbox by a UAE Bank. This collaboration has enabled us to offer the right tools for enterprising FinTechs and developers w…
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Market regulator expects IPOs this year, including Emirates Global Aluminium
IPO activity could improve with the inclusion of GCC markets in global gauges and regulatory changes, it added. EGA, the UAE’s biggest industrial company outside the oil and gas sector, said in Septem…
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How to avoid bank fraud in the UAE
Isabelle Jones made the mistake of clicking on a link in an email claiming to be from her bank. “It asked me to change my password and it looked very legit and I was busy, so I didn’t pay attention,” …
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Oil, secondary markets to dictate GCC IPOs in 2019
another Dubai-based company, garnered $25 million from its IPO on London’s Alternative Investment Market. During the year however, the Dubai Financial Market witnessed two dual listings from Egypt’s N…
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Banking in the UAE: What Your Bank Should Be Offering You in 2019
Technology advances and services have to advance with them to stay ahead of the curve. Banking in the UAE is no different. In 2017, Google conducted its Connected Consumer Survey which proved the UAE …
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