The hopes for the so-called ‘V-shaped’ recovery are alive and well. However, these hopes could easily turn out to be premature. According to researchers at Karolinska Institute in Sweden and the …
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Coronavirus: How the Covid-19 pandemic prompted digital transformation in UAE media industry
An industry survey in the UAE has gathered insights from media professionals and … adopting alternative sources of finance to avert financial crises, as well as the progressive reduction of print …
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UAE- AMF releases general guidelines for central banks to deal with implications of natural disasters on financial stability
ABU DHABI, 24th June, 2020 (WAM) — In the framework of its mandate to offer the support to its member states in the field of economic, financial and monetary reforms promoting financial stability in …
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UAE start-ups take an average of 63 days opening a bank account, Hub71 report shows
The average time spent opening a bank account could be reduced to five days if documentation processes are simplified …
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Commercial Bank Dubai and Thunes partner to offer real-time international remittances
Commercial Bank of Dubai, one of the leading national banks in the UAE, and global cross-border payment provider Thunes announced a partnership that will facilitate real-time cross-border transaction …
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Hub71 collaborates with UAE banks to solve banking pain points for startups
This follows the launch of Hub71’s whitepaper which explored the challenges that startups face when opening a UAE bank account. The whitepaper, titled: Rethinking Banking for Startups aims to foster …
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UAE: Adapting to the online way of working your finances and investments in a pandemic
When living in uncertain times and staying at home remains our best option, it is vital one adapts to the online way of working your finances. Although we currently live in a pandemic-struck period, …
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The Debt Panel: ‘Can my bank seize my gratuity to pay my mortgage if I leave the UAE?’
PD, Dubai Firstly, when my final salary payment hits my account, will the bank freeze my account? Will this in turn make it difficult for me to travel as I won’t be able to clear the rest of the …
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UAE- ADNOC announces $20.7 billion energy infrastructure deal
ABU DHABI, 23rd June, 2020 (WAM) — The Abu Dhabi National Oil Company, ADNOC, announced today that it has entered into an agreement with some of the world’s leading infrastructure investors and …
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UAE financial analysts predict wave of business failures, ‘hockey stick’ recovery
In CFA’s survey, most finance professionals suggest that liquidity is a problem for many companies in the UAE at the moment, with 42 percent of the respondents saying they believe liquidity is down …
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UAE: Planning to take a personal loan? What are your best options?
For UAE expats, the maximum amount one can get is either Dh1 million or 20 times of monthly salary, whichever is lower. Image Credit: Shutterstock Why a personal loan can be an attractive fund option …
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UAE- Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Security for its Digital Banking Services through Aruba
DUBAI, UAE 22ND June, 2020 Cairo Amman Bank PLC. (CAB), is a public limited company located in Jordan, Palestine and Bahrain. Ever since its establishment in 1960, the Bank has been providing an …
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UAE shoppers opting for contactless payments over cash purchases
UAE shoppers are ditching the cash in favour of contactless payments through the Covid-19 crisis, according to the results of a survey from Dubai Police, Dubai Economy and Visa. Sixty-eight percent of …
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Amlak IPO is test of Saudis’ post-pandemic investment appetite
Against that background the recent announcement by Amlak International, the Saudi real estate finance group, that it would list 30 percent of its equity on Tadawul, is a vote of confidence in the …
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UAE bank deposits went up by 2.1% in three months
UAE – Mubasher: Bank deposits in the UAE rose by 2.1% or AED 37.1 billion to AED 1.865 trillion from March to May, compared to AED 1.828 trillion in February. The resident deposits increased by 2.7% …
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UAE- Report Reveals the Six Fintech Innovations That Will Boost the Financial Health’ of Mena’s Disadvantaged Groups
A report endorsed by MetLife Foundation identifies the six types of innovation with the greatest potential to improve the financial wellbeing and inclusion of marginalised communities in MENA. The …
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Warner Music IPO “scored” despite corona crisis
Issue price was $25 per share, yet the company started its trading on the Nasdaq Stock Market with the price of $27 per share.
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