Tag: ipo

Summary: Mashreq Bank and Mastercard has partnered to launch Masterpass QR, a safe and secure Quick Response (QR) mobile payments solution, accessible via the bank’s mobile application, Snapp. The pos…
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Dubai: The Boards of Directors of The Saudi British Bank (SABB) and Alawwal Bank have approved a merger agreement, according to a joint statement from both entities. Post-merger, the new entity wi …
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made the changes to regulate the Dubai Financial Services Authority’s anti-money laundering rules. Anti-money laundering laws in Dubai International Financial Centre (DIFC) will see changes implemente…
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The finance ministers of Kuwait, Saudi Arabia and the UAE will sign off on financial support to Jordan on Thursday, Kuwait’s state news agency reported. The three countries previously pledged $2 …
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The Dubai government has enacted changes to the Dubai International Financial Centre’s anti-money laundering laws following a self-assessment of the free zone’s capacity to fight financial crime. Shei…
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Saudi Arabia, Kuwait and the United Arab Emirates will soon sign an agreement to provide up to $10bn of financial support to Bahrain, Kuwait’s Al Rai newspaper said on Thursday, quoting an …
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ABU DHABI, 3rd October, 2018 (WAM) — The UAE has once again ranked as the largest donor of emergency humanitarian assistance to Yemen in the world for 2018. According to the Financial Tracking …
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A new agreement between the UAE’s export credit agency Etihad Credit Insurance (ECI) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) will seek to promote non-oil …
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Carmen Haddad, CEO of the Saudi business of American banking giant Citi, told a conference in Dubai that a takeover by Aramco of SABIC, the industrial conglomerate owned by the Public Investment Fund …
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DUBAI (Reuters) – Citigroup (C.N) plans to boost the United Arab Emirates’ role as an offshore booking center and is working towards a full banking license in Saudi Arabia, helping to propel its regio…
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Emirates NBD has announced the introduction of Friday banking at three of its popular mall branches — Dubai Mall, Mall of the Emirates, and Mirdif City Centre. Customers now have the flexibility …
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The UAE, and Dubai in particular … CEO and Co-Founder of Block Gemini said that “blockchain is going to play a key role in the success of financial companies in the near future. The world banking se…
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Dubai: Forget for a moment all the talk about market slowdowns and weak sentiments and focus on just two numbers. In the year to end August, Dubai pulled in 9,500 investors who were acquiring a …
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Blockchain has the potential to transform trade finance in the UAE with faster shipping and settlement as well as a reduction in transaction costs, according to a new report by Noor Bank, launched at …
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This is because when the Fed raises rates, the Central Bank of the UAE generally adopts the same policy, which in turn impacts rates on a variety of personal finance products, from loans to savings an…
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Emirates NBD has announced that it will soon launch customised banking services via WhatsApp in the UAE. Dubai’s biggest bank said in a statement that it is the first in the region to integrate its co…
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In August, the bank concluded syndicated financing facilities worth a total of $185, which it said will be used for general corporate purposes and the refinancing of a previously existing facility. Cu…
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