The initiatives deployed by EDB are part of its new strategy to support the UAE’s industrial growth, adoption of advanced technology, enhancement of the role of …
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Emirates Development Bank approves AED2.4 Billion in Finance During H1 2022 to Empower the UAE Industrial Sector
Emirates Development Bank (EDB) held its Board meeting to review results of the first half of 2022 and monitor the progress of its new strategy which wa …
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UNCTAD investment report 2022 ranks UAE first in the Arab world and 19th globally in FDI inflows
The report confirms that the UAE is steadily strengthening its position as an attractive & sustainable destination for FDI DUBAI, UAE, August 07, 2022 /24-7PressRelease/ — The United Arab Emirates …
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Emirates Development Bank approves Dh2.4 billion in finance in first half of 2022 to empower UAE industrial sector
Bank’s contribution to the UAE’s national GDP grows to Dh1.9 billion as of H1 2022 Abu Dhabi: Emirates Development Bank (EDB) mobilised Dh2.4 billion in loans to the UAE’s industrial sector in H1 2022 …
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How Etihad Credit Insurance helped a UAE-based SME
In 2021 alone, it faced payment defaults from three of its major customers that were covered and compensated by Etihad Credit Insurance. “We are very fortunate to work with Etihad credit insurance, …
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Pak Finance Minister Ismail warns of economic hardships till September
Owing to rising inflation high energy prices and the depreciating Pakistani currency Finance Minister Miftah Ismail on Saturday warned that economic hardships …
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UAE investing $1bn in PSX, says Miftah Ismail
KARACHI: In a bid to expand bilateral economic ties, Finance Minister Miftah Ismail on Saturday confirmed that the United Arab Emirates was investing in the country’s stock …
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Tecom to be included in Dubai Financial Market’s general index from Monday
Tecom Group, the operator of business districts in Dubai, will be included in Dubai Financial Market’s general and real estate indices from Monday, the bourse regulator announced on its website. The …
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Immigration Series: Why are so many Indians buying property in Dubai?
With a tweak of the Golden Visa rules, Dubai has seen an unprecedented spike in real estate demand. In July 2022, the total real estate sales transactions jumped 61.7 percent higher than the July 2021 …
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Dubai: ‘Have not yet made final decision’ on IPO, says Al Ansari Exchange
However, we are still in the early stages and have not yet made any final decision,” Rashed Al Ansari, CEO of Al Ansari Exchange, said in a statement to Khaleej Times. It currently operates a wide …
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DFM announces inclusion of TECOM to General Index
DUBAI – Dubai Financial Market (DFM) announced the inclusion of TECOM Group to DFM General Index and to Real Estate Index sector. In a statement issued today, DFM said that the inclusion of TECOM …
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UAE to invest $1bln in Pakistani companies across various economic, investment sectors
The move aims to explore new investment opportunities and areas for cooperation in projects across various sectors …
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UAE central bank issues guidance on politically exposed persons
The Central Bank of the UAE on August 2 issued new guidelines for licensed financial institutions on politically exposed persons (PEPs), as part of efforts to tighten money laundering oversight in its …
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Two UAE Banks Amongst Forbes Top 5 Banks in the Middle East
Forbes Middle East has unveiled its ranking of the Middle East’s Top 30 Banks 2022 as Qatar’s QNB Group topped the list with $300.3 billion in total assets.The UAE’s First Abu Dhabi Bank, Saudi’s Al …
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UAE central bank’s gold reserve rises by $52.8 million during Jan-May this year
The current total value of the reserve of the yellow metal with the CBUAE is to the tune of AED12.107 billion by end of May, according to apex latest statistics UAE central bank’s gold reserve rises …
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UAE Healthcare provider Burjeel seeking to raise $750m from IPO
Once listed, Burjeel is considering a dividend payout ratio of 40 per cent to 70 per cent of net income from 2023 depending on its investment …
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Dubai real estate market records over $326.7 million on Tuesday
Tuesday’s transactions included 396 sales deals worth AED 845.37 million, 110 mortgage deals of AED376.93 million and 11 gift deals amounting to AED96.55 million, according to Dubai’s Land Department …
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