The Central Bank of the UAE (CBUAE) withdrew Dhs10.9bn from additional liquidity during the month of August to maintain economic resilience. This move came after the central bank met the market needs …
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Saudi finance minister says Vision 2030 ‘tried and tested’
Saudi Arabia’s finance minister said on Wednesday that the kingdom’s Vision 2030 to diversify the economy away from oil has been “tried and tested”, particularly during the coronavirus pandemic.
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Meet Karl Feilder: Dubai’s emerging Elon Musk of biodiesel
Around the region, it’s going to be more than double that,” Karl W Feilder, CEO and Chairman of Neutral Group, told Gulf News. Biodiesel is a domestically produced, clean-burning, renewable substitute …
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IFLR Middle East Awards 2020 – winners announced
IFLR is delighted to announce the winners of the 2020 Middle East Awards, recognising the most innovative cross-border work from across the region over 2019-2020. The awards caps off months of …
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Commercial Bank of Dubai tightens guidance for perpetual bonds – document
Commercial Bank of Dubai CBD.DU tightened the price guidance for U.S. dollar-denominated perpetual bonds that are non-callable for six years and received more than $1.4 billion in orders for the debt …
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Commercial Bank of Dubai markets perpetual bonds – document
DUBAI – Commercial Bank of Dubai began marketing U.S. dollar-denominated perpetual bonds that are non-callable for six years, a document showed on Monday. CBD gave initial price guidance of around …
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The Debt Panel: ‘My bank issued me with a credit card with a Dh60,000 limit that I didn’t apply for’
I am writing to you regarding a loan application I made with a bank in the UAE. During the application process, I was told by the agent that I could cancel it at any time before I provided my salary …
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UAE Business Leaders Introduce Emirati Startups to Israelis at OurCrowd-Emirates Angels Event
OurCrowd, the world’s largest global venture investing platform and Emirates Angels Investors Association, the leading Emirati angel investment network, today held an online event which gave Israeli …
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UAE economy set for 3.1% growth in 2021: IIF
according to the latest forecast by the Institute of International Finance (IIF). Washington-based IIF said that the UAE is expected to experience a deeper contraction this year than predicted in May.
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UAE economy to record 1.3% growth in 2021 after contracting 6.6% this year, says IMF
Dubai: The UAE economy will have a 1.3 per cent real GDP growth in 2021 following a 6.6 per cent contraction this year, the IMF says in its latest World Economic Outlook Report. The IMF’s …
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Dubai Mercantile Exchange signs MOU with Kpler to deliver enhanced market intelligence
Access to data from hundreds of sources including AIS signals, satellite images, logistics and commercial reports …
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UAE economy to grow 3.1 per cent in 2021, says the IIF
Dubai: The UAE’s economic growth is projected … according to the latest forecast by the Institute of International Finance (IIF). The IIF expects a 5 per cent decline in the average GDP …
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Dubai Court holds bank liable in SIM swap fraud case, customer paid Dh5.6 million
Dubai: A judgement in Dubai holding a bank liable in a SIM swap fraud case and ordering it to compensate a customer has become a legal precedent for all cases of a similar nature. After being …
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Dubai Court judgement holding bank liable in SIM swap fraud sets a precedent
A judgement in Dubai holding a bank liable in a SIM swap fraud case and ordering it to compensate a customer has become a legal precedent for all cases of a similar nature. After being announced by …
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My Bank in the UAE Kept Making it Impossible to Sell My Flat
Debt problems are very frustrating when the bank you owe can’t seem to get the account in order to allow you to sell your property.
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UAE plans to issue first federal bonds in Q4 or early 2021: Media report
The United Arab Emirates will likely issue its first federal bonds by the end of the year or in the first quarter of 2021, UAE newspaper Al Roeya said, citing a finance ministry official. The UAE …
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UAE plans first federal bonds in Q4 or early 2021 – Al Roeya paper
The United Arab Emirates will likely issue its first federal bonds by the end of the year or in the first quarter of 2021, UAE newspaper Al Roeya said, citing a finance ministry official. DUBAI, Oct …
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