Largest Islamic bank in the UAE saw total income increase in the third quarter to reach AED8.9bn, up four percent from Q2 …
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Dubai Islamic posts 9-month income at $2.4bn
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has posted a net income of AED8.9 billion ($2.4 billion) during the first nine months of the year, marking a quarter-on-quarter increase …
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Startup Digest: IPO-bound Snapdeal strengthens board, Chalo acquires Shuttl, BharatPe moves Delhi HC against PhonePe’s PE trademark
SoftBank-backed Snapdeal has strengthened its board ahead of Rs 3,000 crore ($400 million) IPO by appointing ESG focussed Directors. To join Snapdeal’s board are – Kaushik Dutta, Chairman of Zomato …
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Dubai finance agency (DFSA) to regulate investment tokens
Dubai’s Financial Services Agency (DFSA) announced new rules for ‘investment tokens,’ which can represent securities or be derivatives.
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Regulator for Dubai’s DIFC issues first part of digital assets framework
DUBAI- The regulator for DIFC, Dubai’s state-owned financial free zone and the Middle East’s major finance centre, has released the first part of a regulatory framework for digital tokens aimed at …
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Middle East investor relations leaders highlight importance of ESG amid growing capital markets scene
Middle East Investor Relations Association conference highlights the latest developments in regional IR landscape with a focus on ESG …
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Will gold prices rise during November?
Will the dollar downturn cause gold prices to go even higher next month? Read on. What’s the current gold rate? Gold prices fell on Tuesday morning weighed down by an uptick in the dollar but it was …
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Lira on precipice of a catastrophic collapse
Matein Khalid I have been a consistent bear on the Turkish lira from the time President Erdogan, a political populist and former soccer player …
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Dubai CommerCity signs strategic Memorandum of Understanding with Mashreq
Dubai CommerCity, the first and leading e-commerce free zone in the region has signed a strategic Memorandum of Understanding (MoU) with Mashreq, one of the leading financial institutions in the UAE.
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UAE banks no longer require Covid support, says banking chief
Some 95 percent of UAE banks have already surrendered their TESS quotas and no longer need re-enforcement from the central bank, according to Abdul Aziz Al Ghurair, chairman of the UAE Banks Federatio …
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Net zero drive to boost green economy in UAE, minister says
Initiative was designed to integrate work of key government and private sector entities to prepare and implement sustainability plan.
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World Lauds UAE for Becoming First Gulf Country to Commit to Net Zero Emission
The world has taken note of UAE becoming the first country in the Gulf to commit to significantly reduce carbon footprint and will invest Dh600 billion in clean and renewable energy to achieve this …
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Sheikh Maktoum to head UAE delegation at Saudi’s ‘The Middle East Green Initiative Summit’
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance, heads the UAE delegation to Riyadh, Saudi Arabia, to …
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DMU Dubai will help its BEng (Hons) Mechanical Engineering graduates achieve dual accreditations
IET and IMechE Accreditation on completion of the programme helps to fulfil educational requirements for a Chartered Engineer when presented with an accredited MSc. The globally recognised quality …
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Manchester United owners arrive in UAE as IPL is set to announce two new teams
The two new teams for the Indian Premier League (IPL) 2022 will be revealed on Monday. Manchester United owners – Glazer family, arrived in the UAE for the auction of the two new teams …
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Sheikh Khaled bin Mohamed bin Zayed launches ambitious Dh5b Abu Dhabi IPO Fund
Dubai: Abu Dhabi has launched a Dh5 billion IPO Fund to serve as ‘catalyst’ for further growth of the Abu Dhabi Securities Exchange, currently with a market cap in excess of Dh1 trillion. The new fund …
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UAE banking industry is in recovery mode: UBF Chief
Abdul Aziz Al Ghurair, addressing a press conference. Al Ghurair addressed a number of topics related to the post-pandemic recovery and growth of the UAE banking sector. Image courtesy WAM website.
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