Dubai: The National Bank of Fujairah and the Arab Petroleum Investments Corp. (APICORP) have extended $34 million to the French energy giant TotalEnergies to develop a 50MW renewable energy portfolio …
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UAE: Do you know your net worth? Here’s why knowing it matters.
Most people work towards building up their net worth, an indicator of financial progress Dubai: However, many times people overlook the need to secure their financial journey by focusing only on long …
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China’s US IPO queue to shrink amid regulatory crackdown
China’s crackdown on US initial public offerings (IPOs) by its companies has put its burgeoning pipeline of potential listings at risk.. Read more at straitstimes.com.
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Saudi Aramco drops Morgan Stanley on gas pipelines deal -sources
DUBAI, July 12 (Reuters) – Saudi Aramco has dropped Morgan Stanley … Goldman also advised Aramco on its IPO and advised the sovereign fund, the Public Investment Fund, on the sale of its majority …
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Arada wins $68m additional Dubai Islamic Bank funding
UAE’s newest developer Arada has announced that it has secured a AED250 million ($68.1 million) shariah-compliant facility from Dubai Islamic Bank (DIB) to finance general construction at its Aljada …
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UAE to experiment and launch an in-house digital currency
The United Arab Emirates becomes the latest country to join the race for experimenting with an in-house digital currency. According to the three-year plan for 2023-2026 that announces the launch of …
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UAE Central Bank sets sights on digital currency launch, aims to be among world’s Top 10 banking regulators
UAE regulator to go in for major digital strategy as part of its 2023-26 roadmap Dubai: The UAE Central Bank has set its priorities for 2023-2026, which will see the regulator aim to be among the …
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UAE gold price prediction: Time to buy? Prices may be slipping now, but not for long
UAE: Here are 5 smart tips to invest when you’re running low on cash and make money! Gold prices fell for the second time in three days amid weak global cues, but hovers at buyer-averse levels. Global …
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UAE’s M1 money supply slightly up in May – central bank
The aggregate money supply (M1), which includes currency in circulation outside banks plus monetary deposits, rose by 0.3 percent to 646.4 billion dirhams ($ billion) at the end of May 2021 from 644.4 …
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Arada gets Dhs250m funding from Dubai Islamic Bank for megaproject construction
The additional funding comes after an initial financing of Dhs300m was secured earlier this year from the bank …
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Windmills Managing Director Bilal Moti wins UAE’s 10-year Golden Visa
Dubai-based Dutch businessman and Managing Director of Windmills Valuation Services Bilal Moti has been granted a 10-year Golden Visa in the UAE. He is an MBA, banking diploma holder, and a registered …
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Sharjah Chamber, Emirates Development Bank ink deal to support industrial, SME sector
EDB will extend direct and indirect lending support, equity funding for SMEs and start-ups in the priority sectors …
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The re-awakening of Dubai’s real estate market
With Dubai’s property market witnessing the highest value of sales in recent months for over four years, experts believe the key economic driver for the emirate is in for a roll …
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10 good reasons for businesses to migrate to Dubai
Examples of companies relocating to Dubai include an impressive number of companies leading the way with sophisticated technology, AI, …
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Dubai’s Shuaa confirms talks to set up three SPACs
The Dubai-based financial services firm surged … check companies of around $200m each to pursue deals in the energy, finance, and technology sectors. Special Purpose Acquisition Companies …
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Standard Chartered UAE and Visa launch multi-currency account for international payments
The account will be linked to the Visa Multi-Currency Debit Card Dubai: Standard Chartered UAE Sunday announced the launch of a Multi-Currency Account (MCA), in partnership with Visa, a leading …
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Arada secures additional Dh250 million funding from Dubai Islamic Bank
Financing will facilitate ongoing construction at the Aljada megaproject in New Sharjah Arada has announced that it has secured a Dh250 million Islamic facility from Dubai Islamic Bank (DIB …
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