The UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, extended his sincere condolences to the family of Queen Elizabeth II and the people of the UK. Calling her a “close friend of the …
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UAE, world leaders offer tributes to Queen Elizabeth II
A respected figure across the globe, Queen Elizabeth II acceded to the throne on February 6, 1952. UAE President, Sheikh Mohamed bin Zayed Al Nahyan, offered his condolences and hailed the Queen as a …
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Dubai International Financial Centre records strong growth in H1 2022, reaffirming Dubai’s status as a global financial hub
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, delivered robust growth in the first half of 2022. The Centre …
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I’m trapped in Dubai jail for crime I didn’t commit – guards kick my head like a football & I have to drink toilet water
A BRIT grandad trapped in a Dubai jail has told of the horror conditions as he claimed guards kick his head “like a football” and he has to drink toilet water to survive. Albert …
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UAE: Stocks gain Dh10 billion on Wednesday
The UAE financial markets on Wednesday posted gains of more than Dh10 billion in market cap driven by upbeat sentiments at the realty, banking and telecom sectors, and cash inflows by institutions and …
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Dubai records over $517mln in realty transactions on Wednesday
DUBAI – Dubai real estate market recorded 508 sales transactions worth AED1.15 billion, in addition to 83 mortgage deals of AED737.29 million, and 21 gift deals amounting to AED84.81 million on …
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Ministry of Finance holds Government Financial Policy Coordination Council’s second meeting for 2022
The Ministry of Finance (MoF) held today the Government Financial Policy Coordination Council’s second meeting of 2022. His Excellency Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the …
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UAE-based Fintech Ziina expands into Jordan
Having launched their digital wallet in February 2022, and their proprietary payment keyboard, the Ziiboard, just this month, the Jordanian expansion is the latest milestone in a rapid succession of i …
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UAE’s TruKKer Raises $100 Million in Final Funding Round Ahead of IPO
TruKKer, a UAE-based freight logistics company, has raised $100 million ahead of a planned Initial Public Offering (IPO). According to Bloomberg, the …
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Trukker raises $100m to accelerate growth ahead of planned IPO
The Series C late-stage growth funding round was led by Bahrain-based alternative investment company Investcorp with a $51m investment, Trukker said on Wednesday. Abu Dhabi’s Mubadala Investment …
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Dubai cuts plastic bottle use by over 3.5 million in six months
Dubai Islamic Bank, DMCC, Dubai Holding, Dubai Festival City, Dubai Municipality, Dubai World Trade Centre, Electrolux, Emirates NBD, Emaar, Etisalat, Goumbook, Gulf Marketing Group, Grundfos, Huawei, …
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UAE banks’ assets exceed $237bln in June
The UAE’s money supply aggregate M1 went up by 2.30% to $198bln at the end of June this year UAE – The gross assets value of the UAE-based lenders inched up by 0.20% month-on-month (MoM) to AED 3.449 …
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The Debt Panel: ‘Can freelancers apply for a car loan in the UAE?’
I was surprised that I was unable to have access to any financing to buy a car given the salary certificate requirements that almost all banks, including my own, require. I inquired about …
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Indian rupee falls against UAE dirham; RBI intervenes
The Indian rupee depreciated by 11 paise to 79.93 against the US dollar (21.78 versus the UAE dirham) in opening trade on Wednesday, tracking the strength of the American currency. At the Indian …
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Emirates Development Bank to Approve New Loans to SMEs, Startups
Emirates Development Bank, the financial “engine” of the UAE’s economic diversification strategy, has announced a lending feature.
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Tel Aviv Bourse Head Seeks More Bilateral Investing With UAE
Ittai Ben Zeev, CEO of Tel Aviv Exchange, Mohamed Al Khaja UAE ambassador to Israel and Ahmed Al Zaabi chairman of Abu Dhabi Global Markets (ADGM), open the trading day at the Tel Aviv Stock Exchange …
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UAE bank becomes first to offer Mastercard’s Touch Card for the visually impaired
Mastercard has announced that Ajman Bank in the United Arab Emirates (UAE) has become the first financial institution to issue its new Touch Card, a payment card designed for blind and partially …
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