Open banking platform Tarabut Gateway has secured $13 million in what is said to be the largest FinTech seed round in the Middle East and North Africa (MENA) region. The fresh capital will be used in …
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Hong Kong Monetary Authority, Central Bank of UAE strengthen fintech collaboration
The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) jointly announced the exchange of a Memorandum of Understanding (MoU) Tuesday, with a view to …
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A Star Trader Turns Star Witness in $12 Billion Tax Scandal
The Al Fattan Currency House complex in Dubai, where A. worked … He left in 2000 and helped to found Duet soon after as an operator of hedge funds and private-equity funds. Read More: Why ‘Cum-Ex’ …
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The 10th annual Middle East Banking Innovation Summit returns next week
Middle East Banking Innovation Summit next week will showcase the latest advancements in fintech with a particular focus on the UAE. Returning for its 10th edition on March 1 and 2, 2021 at the Le …
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Dubai: Two fake cops abduct expat in Karama face trial
Two Asian men have stood trial at the Dubai Criminal Court after they reportedly posed as cops and abducted a man. They are also facing charges of theft and possession of counterfeit currencies. The 2 …
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£14.5m to my exes… but I’m still feeling flush! He’s Britain’s richest plumbing boss, with an OBE to boot. Now, in a riotous encounter, Charlie Mullins tells JAN MOIR why he …
After moving house, getting divorced for the second time and catching Covid last year, Charlie Mullins is riding out the pandemic in Dubai.
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HSBC to announce exit from U.S. retail banking, reshuffles top jobs
HSBC is set to withdraw from U.S. retail banking, a source familiar with the matter told Reuters on Monday, as Europe’s biggest bank seeks to dispose of a business that has long underperformed. The …
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Digital Banking Apps Play Chutes And Ladders In Latest Provider Ranking
The latest edition of PYMNTS Provider Ranking of Digital Banking Apps shows a fair amount of position-hopping.
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Abu Dhabi’s Mubadala mulling IPO of Yahsat – CEO-designate
Al Yah Satellite Communications Co.’s incoming chief executive officer said its owner is considering an initial public offering of the Abu Dhabi-based firm. “Mubadala Investment Co. is looking at this …
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Rising To The Occasion: Dubai-Headquartered Startup Rise Is Shaking Up The Financial Services Sector
Co-founded by Padmini Gupta and Milind Singh, this fintech startup is on a mission to reimagine financial services provided to the immigrant population.
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Battle of the bases: Dubai, Riyadh head for corporate showdown
Saudi cities still lack proper infrastructure in key areas like transport and banking, and some ministries remain hopelessly mired in bureaucracy. “Riyadh and Jeddah remain light years behind Dubai …
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UN panel accuses Trump ally Erik Prince of violating Libya arms embargo alongside UAE companies
Erik Prince soared to notoriety in 2007 after employees of the controversial security firm he founded shot and killed 17 Iraqi civilians in central Baghdad during the Iraq war.
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Dubai Economy and Aramex Offer Logistic Solutions for Startups and Freelancers
Sector in Dubai Economy has partnered with Aramex, a leading global provider of comprehensive logistics and transportation solutions, to provide holders of the DED Trader licence with customised …
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UAE- Sharjah Islamic Bank proposes 8 percent of cash dividends for shareholders
Sharjah Islamic Bank agreed to distribute 8 percent in cash dividends to shareholders, after the bank achieved net profits of AED405.8 million for the year 2020. This came as the bank held its 45th …
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UN experts: Trump ally, UAE firms violated Libya sanctions
American security contractor Erik Prince, a close ally of former U.S. President Donald Trump, violated the U.N. arms embargo against Libya along with three United …
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UAE investors look at potential opportunities across Maldives
The Abu Dhabi Chamber of Commerce and Industry (ADCCI), in co-operation with the Embassy of Maldives in Abu Dhabi, organised a webinar on Maldives investment opportunities.
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Revealed: Arbuthnot shuts Dubai office as managing director exits
Arbuthnot Latham is to shut its Dubai office at the end of May, less than a decade after launch, Wealth Manager has learned. The division was the private bank’s only outlet outside the UK. Managing …
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