across most banks in the UAE varies from 0.5 percent to 0.99 percent of the outstanding balance. Cash advance is technically a cash withdrawal at an ATM using your credit card. However, unlike withdra…
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Abu Dhabi’s Merger Drive May Create Another Mega Bank: Timeline
Following are the key mergers recently undertaken in the largest sheikhdom in the United Arab Emirates. June 2013 … Operating Co. operate more than 165 vessels June 2016: First Gulf Bank and Nationa…
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Dubai driver crashes car into bank
Dubai: A motorist lost control of his vehicle and it crashed through the glass door of local bank at Burjuman shopping mall, causing moderate injuries to an Asian man inside the bank, police said …
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Abraaj Founder Lawyer Points out the Flaws of the UAE Legal System
It’s a big problem for the UAE legal and financial system. I believe it leads to people leaving the country with huge debts left behind.” The system of using personal and corporate checks as security …
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UAE most attractive target for Chinese lenders, research shows
China recently pledged $20 billion in loans and $106 million in financial aid to nations in the Middle East over the next few years. The UAE was the most attractive target in the Middle East and Afric…
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Top UAE lawyer Habib Al-Mulla: ‘Dubai is under the spotlight. It is not North Korea …’
It’s a big problem for the UAE legal and financial system. I believe it leads to people leaving the country with huge debts left behind.” The system of using personal and corporate checks as security …
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Here’s why banking could soon get easier for UAE start-ups
Banking for start-ups is set to become considerably easier in the UAE thanks to a raft of new proposals from Dubai Chamber. The proposed changes can only enhance the UAE’s status as one of the …
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Fintech Agreement Between Singapore and Dubai Financial Services Authorities
The Monetary Authority of Singapore (MAS) and the Dubai Financial Services Authority (DFSA) have signed a FinTech Agreement that allows referrals of innovative businesses between the two authorities. …
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Dominican diplomatic mission in UAE under the formation – report
… diplomatic mission in the United Arab Emirates (UAE) is being formed and will be operational soon, Prime Minister Roosevelt Skerrit has been quoted as saying. A report by the Global Banking and Fi…
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Bruised bankers seek consolation prizes after shelved Aramco IPO
DUBAI/LONDON (Reuters) – Investment banks which lost out on … Teams from JP Morgan and Morgan Stanley that worked on the IPO, have been shifted to advise on Aramco’ planned acquisition of up to $70 …
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2017 report reaffirms robust, resilient UAE banking industry
The UAE Banks Federation (UBF) has officially released its annual report for the year 2017, shedding light on major developments, and trends in the UAE banking sector as well as local and regional eco…
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Over 600 UAE bank employees laid off in 2017
More than 600 employees were made redundant by UAE banks last year as they reduced the number of branches, reveals the UAE Banks Federation’s (UBF) annual report. Data revealed that local and foreign …
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UAE Banks Federation says industry poised for growth in 2018
The UAE’s banking system was “strong and robust” in 2017, with a further uptick in growth expected next year due to rising economic momentum in the country, the UAE Banks Federation said in its latest …
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Dubai, Singapore pen FinTech agreement
The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have penned an agreement that allows them to refer innovative financial technology (FinTech) companies betwe…
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A Crypto UAE is emerging, but FOMO already leaves a victim in Abu Dhabi
Seccurency, a US-based provider of financial technology products for the tokenized issuance and trading of securities, is set to open a crypto-asset business under the new Abu Dhabi Global Market (ADG…
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Dubai, Singapore regulators sign fintech deal
Dubai Financial Services Authority (DFSA) and Monetary Authority of Singapore (MAS) have entered into a deal to provide cooperation and referrals in the area of emerging financial technology.
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Dubai Signs Fintech Agreement With Singapore’s Monetary Authority
The Dubai Financial Services Authority (DFSA) has signed an agreement with the Monetary Authority of Singapore (MAS) that provides a framework for cooperation and referrals between the innovation team…
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