A book bank has been set up at the Pakistan Consulate General in Dubai to help students who cannot afford to buy expensive schoolbooks. “The initiative has been launched in collaboration with some …
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MIDEAST STOCKS-Saudi gains on banking strength; UAE bourses slip as financials weigh
Saudi Arabian shares rose in early trade on Tuesday, led by gains in banking stocks, while losses in financials weighed on Dubai and Abu Dhabi equity markets. The Saudi Arabian benchmark index .TASI …
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COVID-19: Relief, rehabilitation sought for Indians returning home from the UAE
Dubai: Non-resident Indians (NRIs) living in the UAE have submitted a proposal to the Ministry of Finance, Government of India (GoI), seeking compensation and a rehabilitation scheme for returning …
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Amlak Finance sells 1.13mln shares
Dubai – Mubasher: Amlak Finance has sold 1.127 million of its shares at a price of AED 0.3355 per share. The sale process was executed through ENBD Securities, according to the company’s disclosure to …
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ENBD REIT secures a hedge on outstanding debt through Dh400m facility
With cost of financing the REIT’s single largest expense, amounting to 47 per cent of total expenses as at March 31, by fixing EIBOR at these lower rates, ENBD REIT intends t …
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ENBD REIT hedges AED 400m facility with Mashreq Bank
Shari’a-compliant profit rate swap with Mashreq Bank will hedge 56% of ENBD REIT’s total outstanding debt …
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ENBD REIT Hedges Dh400 Million Facility With Mashreq Bank
We have taken that opportunity by agreeing a profit rate swap with Mashreq Bank, which will hedge more … is based in the Dubai International Financial Centre (DIFC) and regulated by the Dubai …
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Tratok, the Travel and Tourism Blockchain Disruptor, Goes Mainstream, Offering Users the Chance to Win a Holiday per Year for Life
Tratok’s users have always claimed that the UAE based disruptor holds a significant edge over its counterparts …
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Saudi exchange Tadawul weighs next steps in global and regional plans
Development and expansion of Tadawul is one of the key pillars of the Vision 2030 plans to grow the financial sector of the economy …
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Goldman plans to raise about $2b for a new venture fund
Goldman Sachs Group Inc. is considering raising a venture and growth fund of around $2 billion, a move that would make it a bigger player in the competitive world of technology investing, according to …
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UAE finance firms’ Q2 profits soar to $240mln
UAE – The investment and finance firms listed on local capital markets in the UAE saw their profits jump to around AED885 million ($240.93 million) during Q2-2020 from as little as AED13 million only …
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Israeli, UAE law firms to collaborate on framework for business ties
BSA is a leading law firm in Dubai, UAE, and provides clients operating in the country … (including the use of Emeritus airlines for flights to East Asia), banking, finance and more. There is a lot …
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Despite the UAE-Israel deal, this son and daughter of Abraham still can’t live together in the West Bank
While some analysts will say that Israel and the UAE’s plan to normalize ties is a step toward regional peace, this American-Israeli writer married to a Palestinian says it may make it more difficult …
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Banks Cut Exposure to Dubai’s MENA Energy as Virus Hits Trade
Several banks are reducing their exposure to Dubai-based oil trader MENA Energy DMCC, as the coronavirus hits commodity businesses and global lenders cut funding. BNP Paribas SA, Natixis SA and Middle …
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Dubai law to regulate family businesses
The Law No (9) of 2020 Dubai, which defines the terms of the family ownership … Analysts hailed the move as a key step to giving a fillip to the IPO market and bring in more transparency and …
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UAE could get F-35 jets in side agreement to Israel peace deal – source
The United States is eyeing the sale of stealthy F-35 fighter jets to the United Arab Emirates in a side agreement to the UAE’s overtures to Israel, an industry insider who was part of the dialogue …
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U.S. imposes Iran-related sanctions on UAE-based companies, individual
The United States on Wednesday imposed sanctions on two UAE-based companies, accusing them of providing support to U.S.-blacklisted Mahan Air. In a statement, the U.S. Treasury Department said it blac …
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