Dubai’s non-oil external trade with South Korea grew 8.4 per cent in 2017 compared to 2016 to touch Dh27.43 billion ($7.46 billion), a media report said. The value of imports reached Dh22.1 billion, w…
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Emirates NBD Bank : GCC bonds on likely recovery path after the EM sell off
Dubai: GCC bonds are expected to recover in the second half of 2018, after a decline May following a sell off across the emerging markets in April and May, according to analysts. GCC yields track US t…
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Saudi Aramco IPO preparations said to stall
The company invited law firms to Dubai to pitch for a possible role in the IPO earlier this year and later told them they had no plans to make a decision anytime soon, people involved in the process s…
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Mohammad attends opening of Astana International Finance Centre
WAM The Kazakh president expressed his delight at Shaikh Mohammad’s attendance at the AIFC’s inauguration which, he said, was launched after examining the successful experiences of the financial marke…
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Dubai Financial Services Authority to investigate Abraaj mismanagement claims
The Dubai Financial Services Authority (DFSA) is investigating allegations of mismanagement at embattled Dubai-based private equity firm Abraaj, which is on the verge of financial collapse after a sca…
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Credit and deposit growth picks up pace in the UAE
Dubai: Aggregate monetary data for the first five months of the year from the UAE Central Bank showed a pick in both credit and deposit growth across the banking system. According to an analysis of th…
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Exclusive: Dubai investigates Abraaj over alleged mismanagement – sources
DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of i…
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Dubai International Financial Centre, a key junction on Belt and Road
We are witnessing continuous change in the global financial landscape, with emerging markets becoming some of the most dynamic and rewarding destinations for investment and growth. In particular, the Middle East, Africa and South Asia (MEASA) region is …
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UAE sees $7.1bn of bounced cheques in first 5 months of 2018
Bounced cheques worth AED26.2 billion ($7.1 billion) were reported in the UAE during the first five months of 2018, according to official figures. The Central Bank of the UAE recorded a total of 515,000 bounced cheques, about 4.3 percent of the total value …
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Dubai poised to be digital financial inclusion hub — report
Dubai: The UAE is ideally positioned to serve as the ‘beating heart’ of a regional innovation hub; according to a new report published by Oliver Wyman in collaboration with Dubai International Financial Centre (DIFC). According to the report, Dubai is …
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DIFC signs FinTech deal with France’s Finance Innovation
Dubai International Financial Centre (DIFC) has signed an MoU with Finance Innovation, France’s official financial tech innovation centre, to collaborate on the development of the FinTech ecosystem. The Memorandum of Understanding will include knowledge …
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UAE Banks Federation’s Middle East Banking Forum 2018 to Explore the Future of Banking
The UAE Banks Federation (UBF) today announced that it will host the sixth edition of the Middle East Banking Forum, one of the leading banking conferences in the region, on 11 November, 2018 at The Westin Dubai Al Habtoor City in Dubai. Held in …
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UBF’s Middle East Banking Forum 2018 To Explore Future Of Banking
The UAE Banks Federation, UBF, today announced that it will host the sixth edition of the Middle East Banking Forum, one of the leading banking conferences in the region, on 11th November, 2018, in Dubai. Held in association with Financial Times and The …
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UAE to act as ‘beating heart’ of financial innovation in Middle East
The UAE is ideally positioned to serve as the “beating heart” of a regional innovation hub, according to a new report published by Oliver Wyman in collaboration with Dubai International Financial Centre (DIFC). The report reveals how Dubai is strategically …
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UAE regulator to launch SME financing platform
The UAE’s Securities and Commodities Authority (SCA) has announced plans to launch a platform to finance small and medium enterprises (SMEs). The organisation said it was working with the Ministry of Economy, which will provide regulatory and legislative …
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Dubai construction specialist RA International raises $24.83mn with IPO in London
Law firm Dentons says it advised Dubai-based construction services provider RA International Group PLC on its successful initial public offering (IPO) and admission to London’s AIM Market. The company was admitted to AIM at the June with a market …
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UAE- Union Properties unit ServeU to launch IPO in September
(MENAFN – Khaleej Times) Facilities management company ServeU, a subsidiary of Union Properties, will launch its IPO in September and aims to double the number of its workforce to 10,000 in the next couple of years through organic and inorganic measures …
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