Dubai: Whether you’re close to retiring or starting a family, it is never too late or too early to think about where to invest your hard-earned money. But how should you go about it? Financial experts in the UAE say the fact-finding process is the key to …
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UAE- Progression towards FinTech a promising transition: DIFC
(MENAFN – Khaleej Times) FinTech Hive to provide complete ecosystem to financial technology firms to collaborate with partners, investors The Dubai International Financial Centre (DIFC) is playing an integral role in establishing Dubai as a financial …
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Banks drive UAE infrastructure spending
“Corporate banking took off when financial institutions began financing projects for government-related entities.” From its earliest days of its founding in 1967, Mashreq has arranged financing for some of the UAE’s and the region’s iconic projects …
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Progression towards FinTech a promising…
The Dubai International Financial Centre (DIFC) is playing an integral role in establishing Dubai as a financial technology (FinTech) hub in the Middle East, Africa and South Asia (Measa) as it believes in the development of financial technology that has …
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Dubai’s Marka Holding Appoints New CEO
Marka, which operates 47 hospitality, fashion and beauty and sports outlets across the region, raised $75m in an IPO on the Dubai Financial Market in 2014. However, the company is yet to turn profitable, and posted a net loss of Dhs150m in 2016 …
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Progression towards FinTech a promising transition: DIFC
The Dubai International Financial Centre (DIFC) is playing an integral role in establishing Dubai as a financial technology (FinTech) hub in the Middle East, Africa and South Asia (Measa) as it believes in the development of financial technology that has …
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Saudi utility Marafiq seeks adviser for deals, may consider IPO -sources
DUBAI, June 1 (Reuters) – Saudi Arabian water and power utility … Depending on the success of the deals, Marafiq might then proceed with a public share sale, they said. The IPO, which could be in 2019, could raise around 1 billion riyals ($267 million …
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Dubai’s agenda to be capital of Islamic economy gains pace
… noted that Dubai and the UAE are instrumental in raising awareness about the culture of Islamic economy worldwide and boosting global interest in adopting its principles. “Today, non-Muslim countries view Islamic finance, halal lifestyle and Shariah …
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UAE banking sector crisis: 3,000 jobs cut
*UAE banks counting the cost of weakening economy and competitive market The banking sector in the country has been in a state of upheaval over the past 12 months after 3,000 jobs were slashed in the UAE’s two main cities, Abu Dhabi and Dubai.
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German Authorities Target British Investor for Tax Evasion
He currently lives in Dubai. Former senior people at the Hamburg-based bank … In September 2015, Mr. Shah’s now defunct London-based hedge fund, Solo Capital, transferred €222 million to an account at Varengold Bank in Hamburg. The acount belonged …
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Middle East Crude-Benchmarks weaken as July trade slows
Cash Dubai widened to 59 cents below swaps … kingdom’s policy of cooperation with major oil producers to rebalance markets and limit volatility. *Hedge fund managers had already closed out many of their bearish short positions in crude oil before …
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UAE forms Fatwa Council to advocate moderate Islam
… board members of the Higher Sharia Board for Banking and Finance to strengthen consistency of the Islamic finance industry across the UAE. The Board is responsible for setting rules, standards and general principles for banking and financial …
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India and the UAE: Ancient Alliance, New Opportunities
The UAE may hold the key to India’s establishment as a leading world power and major emerging economy. With historical ties that date back centuries and opportunities for growth in industries such as realty, finance and trade, all signs point to a …
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UAE Central Bank orders closure of money exchange
Abu Dhabi: The UAE Central Bank has ordered the closure of a small money exchange house after detecting irregularities, official sources told Gulf News on Tuesday. The exchange, which has six branches — three in Dubai, two in Abu Dhabi and one in Sharjah …
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Dubai index sees temporary bounce in weak market
The Dubai Financial Market General Index closed 0.74 per cent higher at 3,318.12. Union Properties closed 2.39 per cent higher at Dh0.900, while Emaar Properties closed 0.43 per cent higher at Dh7.18. “It appears to be a broad-based rally based largely …
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Dubai Financial Market : Ramadan lull weighs on region
Most Arabian Gulf stock markets were little changed yesterday as investor sentiment remains low in the midst of the economic slowdown hitting the region. The Ramadan lull also weighed on trading, which remained thin in most markets. “We need significant …
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Economists Puzzled By Unexpected Plunge In Saudi Foreign Reserves
In an attempt to boost its funds, the kingdom also allowed qualified institutional … all trade going via Oman instead of Dubai ports, more flights and opening of the first bank in the world from Oman, inside Iran, are just a few signals aside from …
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