A Dubai commercial court order for a bank to repay a customer Dh4.5 million has been upheld by the Dubai Court of Appeals. The amount is worth of balance, siphoned off from his account. In October …
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Grab expands finance business with consumer loans services, wealth management
SINGAPORE – Grab, Southeast Asia’s biggest ridehailing firm, deepened its finance sector push on Tuesday by announcing that it will offer consumer loans services in Singapore and roll-out wealth …
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RAK Bank to close 25% of its branches next month
will shut down nine branches from next month as demand for digital banking grows among the UAE residents. The lender will close six branches in Dubai and one each in Sharjah, Khor Fakkan and Abu Dhabi …
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Markets Work: How Dubai Gold & Commodities Exchange Is Navigating Through Challenging Times
We sat down with Les Male, CEO of Dubai Gold & Commodities Exchange (DGCX … the bank has listed a gold-backed Exchange Traded Fund on the Saudi Stock Exchange using pricing data from the …
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Dubai records 190 FDI deals worth $3.3bln
Foreign direct investments (FDI) continued to flow into Dubai as the number of announced FDI projects reached 190 in the first half of 2020, attracting an estimated capital of Dh12 billion, reflecting …
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Coronavirus: UAE holds first in person cabinet meeting, approves economic initiatives
Google unveils first 5G-enabled phones, cuts price on base Pixel model HSBC says net profit plunged 96 percent as coronavirus pandemic took hold Ottomans in Arab World: Nothing but a name, a few …
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Dubai records 190 FDI deals worth Dh12 billion
Foreign direct investments (FDI) continued to flow into Dubai as the number of announced FDI projects reached 190 in the first half of 2020, attracting an estimated capital of Dh12 billion, reflecting …
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Dubai Investments reports 42% drop in half yearly profits
Dubai Investments has reported a 42 percent drop in net profit for first six months of the year, compared to H1 2019, blamed largely on the impact of the global coronavirus pandemic and a “one-off …
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UAE investors eyeing up sustainable opportunities
Affluent and high net worth individuals (HNWI) in the UAE are showing an increasing appetite towards sustainable investments, as they look to capitalise on green opportunities, according to the latest …
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UAE stock markets are yet to see a global liquidity rush
Awaiting a proper liftoff… UAE stock markets remain stuck in a narrow range. A rush of global fund inflows could be the solution. Image Credit: Gulf News Archive The UAE stock market indices, DFM …
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How a rising German FinTech star crumbled
The company had previously been lauded as a European FinTech star and was the newest member of the Dax 30 – the index of the biggest German companies listed on the Frankfurt Stock Exchange – with its …
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Ski Dubai, Dubai Sports Council to host first snow sports competition following COVID-19 closures
The inaugural event will be one of the first snow sports competition in the world to be held with social distancing measures in place …
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Dubai Courier App Raises Funds for Saudi Arabia Expansion
Fetchr secured at least $15 million in fresh funding to expand in Saudi Arabia as part of a turnaround plan that saved the Dubai-based courier app from collapse.
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Dubai Electricity and Water Authority cuts paper usage by 100% in bank guarantee transactions
Dubai: The (Dewa) announced that it has cut paper use by 100 per cent in all its bank guarantee related transactions, reducing time required to process such transactions by 80 per cent. Dewa, one of …
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Lost job in UAE and stuck in home country? Here’s how to get your settlement
Pursuant to your queries, we assume that you were employed by a company based in the mainland of UAE and therefore, the provisions of Federal Law No. (8) of 1980 Regulating Employment Relations in the …
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Hong Kong’s mom-and-pop investors squeeze funds as IPOs sizzle
Under IPO rules in Hong Kong a deluge of orders from retail investors reduces the portion that fund managers can buy …
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Ski Dubai in collaboration with Dubai Sports Council to host one of the world’s first snow sports competition following COVID-19 closures
The inaugural event will be one of the first snow sports competition in the world to be held with social distancing measures in place …
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