The gross value of its assets reached $1.01 billion, following the acquisition of three further floors in Index Tower at Dubai International Financial Centre in the fourth quarter of last year, and …
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Why customer experience is key for banks in the UAE
Exceptional customer experience is a highly demanded, but rarely supplied feature in the UAE market, not just in banking, but across many other industries as well. So, we believe any bank that …
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UAE- APICORP Reports 2018 Record Financial Year with net profit increase to USD182m
2018 marks a record financial year for APICORP Total assets grew by 11% Dubai, UAE, April 17, 2019:The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial …
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Emirates Islamic says first to launch WhatsApp banking services
Emirates Islamic will continue to develop innovative and technology-driven solutions that will enable the migration of our customers from branches to digital channels, in line with the Smart Dubai …
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Emirates NBD sees UAE rate climb reversing on tax giveaway
An “unsustainable” increase in the United Arab Emirates’ lending benchmark will reverse once … to have withdrawn these deposits” and placed them with the Ministry of Finance, according to Emirates …
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Belarus, Dubai International Financial Center sign memorandum of understanding
MINSK, 18 April (BelTA) – The Belarusian government and the Dubai International Financial Center have signed a memorandum of understanding. The document was signed by Belarus’ First Deputy Prime …
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Pakistan Finance Minister resigns amidst worsening economic conditions
Dubai: Pakistan Finance Minister Asad Umar has resigned on Thursday amidst allegation that he failed to take measure to take the country out of the severe economic crisis. Umar announced his …
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Three firms set to end 17-month IPO drought on Dubai’s DFM
Three companies are preparing initial public offerings for trading on Dubai’s main stock exchange, the bourse said, potentially ending a 17-month IPO drought as it boosts efforts to entice local firms …
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Three IPOs could be in the works for Dubai exchange
… are preparing initial public offerings for trading on Dubai’s main stock exchange, the bourse said, potentially ending a 17-month IPO drought as it boosts efforts to entice local firms to …
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Dubai Investments distributes 10% cash dividend
Dubai Investments PJSC [DFM: DIC], the leading diversified investments conglomerate listed on the Dubai Financial Market, has decided to distribute 10% cash dividend to its shareholders for the …
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UAE Banks Federation explores opportunities with Italy
DUBAI, 17th April, 2019 (WAM) — The UAE Banks Federation, UBF, has discussed bilateral relations between the banking sectors of the UAE and Italy, and explored mutual opportunities for their …
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Finablr’s $200m IPO to be completed by mid-May
The initial public offering of Finablr, the UAE-based holding company behind payment and foreign exchange brands UAE Exchange, Travelex Holdings and Xpress Money, will allow the firm to scale up its …
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Finablr’s $200m IPO expected to be complete by mid-May
The initial public offering of Finablr, the UAE-based holding company behind payment and foreign exchange brands UAE Exchange, Travelex Holdings and Xpress Money, will allow the firm to scale up its …
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Dubai’s Emirates NBD posts 15% rise in net profit beating estimates
Net profit in the first three months of the year increased to Dh2.7 billion, the lender said in a statement on the Dubai Financial Market, where its shares are traded. The bank’s results beat the …
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ADIB to market the Islamic Leasing and Finance Opportunities Fund I (USD) exclusively to its clients
The agreement makes ADIB the first bank to distribute the Islamic Leasing and Finance Program “ILF Program” in the UAE Abu Dhabi: Abu Dhabi Islamic Bank (ADIB) has signed an agreement with WCP …
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Finablr plans to use London IPO proceeds for expansion
Finablr, the payments firm that owns Travelex and UAE Exchange, plans to use the proceeds of its $200m London initial public offering next month to fund an expansion plan and cut debt. The United Arab …
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Arabian Centres plans largest Saudi IPO in five years
Dubai: Saudi Arabia-based mall developer Arabian Centres Company is planning to hit the primary market through an Initial Public Offering (IPO) to raise up to $1 billion (Dh3.67 billion), which …
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