The bank is offering the Skywards Infinite Card, Etihad Guest Premium Credit Card, and the free for life Cashback Plus Visa Signature Credit Card and RTA Credit Card to healthcare professionals …
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Will AI revolutionise the banking and legal sector?
Of all the digital technologies that are driving change in businesses, Artificial Intelligence (AI) is perhaps the most disruptive of all …
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Iran’s central bank injects cash to lift rial, governor says
Iran’s Central Bank has injected hundreds of millions of dollars to stabilise the currency market, bank governor Abdolnaser Hemmati said on Saturday, after the Iranian currency fell to historic lows …
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Interview: Amlak IPO a vote of confidence in long-term fundamentals, says CEO Abdullah Al-Sudairy
Amlak International, the Saudi Arabian real estate finance company, surprised markets with the announcement that it was pressing ahead with an initial public offering (IPO) on the Tadawul that could …
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UAE- Saudi-Emirati Coordination Council holds virtual meeting
DUBAI, 27th June, 2020 (WAM) — The Executive Committee of the Saudi-Emirati Coordination Council held a virtual meeting under the chairmanship of Mohammad bin Abdullah Al Gergawi, Minister of Cabinet …
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UAE: How to manage overwhelming loans or debt during COVID-19?
Three in five UAE residents are weighed down by a sheer mountain of varying debts from credit cards to personal loans, home loans and auto loans. Image Credit: Supplied Law, debt and prison: Avoiding …
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Lebanese central bank’s accumulated losses reach $49 billion, says report
Dubai: The International Monetary Fund (IMF) has warned Lebanon that its central bank has accumulated losses of as much as $49 billion, as divisions between the government and the Banque du Liban …
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MoneyGram, Digital Financial Tie Up for Firmer Footing in UAE
MoneyGram International, Inc. MGI has partnered with Digital Financial Services LLC, a joint venture between Etisalat and Noor Bank, a subsidiary of Dubai Islamic Bank Per the pact, millions of …
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DIFC fund helps fintech startups power Dubai’s economy
We invest to demonstrate our commitment to developing the sector and to help drive sustainable economic growth for Dubai. These start-ups will help us drive the future of finance.” The fintech fund …
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UAE- Central Bank withdraws AED34.15 bn of surplus liquidity in five months
ABU DHABI, 25th June, 2020 (WAM) — The Central Bank of the UAE has withdrawn AED34.15 billion out of excess liquidity in the market during the first five months of 2020 after it met the market needs …
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UAE confirms virus teamwork with Israeli firms, though not with Netanyahu gov’t
Abu Dhabi mum on state-to-state collaboration with Israel on fighting coronavirus, despite PM declaring imminent announcement from both countries’ health ministries …
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UAE: How do you manage loans that might be overwhelming you during COVID-19?
Dubai Courts decided that rather than imprisonment, they would start issuing fines for these offences which will give people the breathing space they need to get into a better position to manage their …
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Hub71 collaborates with UAE banks to help SMEs
The entities have also launched a whitepaper titled, ‘Rethinking Banking for Startups’, which explores the challenges that startups face when opening a UAE bank account. The whitepaper aims to foster …
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ADNOC’s $20bln deal marks UAE as top investment hub, will trigger more deals
ADNOC has signed a mega deal with a consortium of infrastructure investors and sovereign wealth and pension funds to invest in select ADNOC gas pipeline assets valued at $20.7 billion. Besides …
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Dubai mortgage platform sees 300% rise in applications during Covid-19
While one of the main barriers to launching Holo in the UAE was the real estate and banking sectors’ reliance on traditional, manual processes, Covid-19 accelerated the move to fast and easier digital …
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Second wave concerns spook UAE investors
The rise in coronavirus infections across United States has triggered concerns of a second wave and has hit global stock markets hard. UAE indices were also not spared as DFM declined by 0.47 per cent …
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How the UAE financial sector is adapting to a post-pandemic world
Financial Technologies report, it said that the cornoavirus, “is an important opportunity for private sector entities to accelerate the digitisation of financial services”. While most sectors such as …
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