The Ministry of Finance (MoF) held a series of sessions and meetings in the presence of HE Christine Lagarde, Managing Director of the International Monetary Fund (IMF), who is visiting the UAE to participate in the Arab Fiscal Forum and World Government …
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EM, catastrophe bonds, hedge funds seen as options to invest
Dubai: There is money to be made in bonds … Another instrument which can provide value to clients are the hedge funds, and UBP expects hedge funds to come back in 2018 with full vigour. Hedge fund had been out of favour among investors due to subdued …
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Bank ABC Announces 2017 Results Net Profit of $193 Million, up to 6 Percent
Bank ABC’s Group Chairman, Mr. Saddek Omar El Kaber, commented that “We are pleased to see the continuing progress of the Group with improved growth in profitability of 6% year on year. This year also saw the expansion of our network footprint to Dubai …
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UAE- DFSA signs MoU with Central Bank of Oman
DUBAI, 11th February, 2018 (WAM) — The Dubai Financial Services Authority, DFSA, and the Central Bank of Oman signed a Memorandum of Understanding, MoU, to cooperate in the supervision and authorisation of firms operating in both markets. The MoU was …
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Princess Haya announces humanitarian logistics data bank
The data bank will overcome one of the major hurdles that various international aid organisations face when a humanitarian crisis or disaster begins to unfold. Namely, that it can take up to 24 hours for emergency response hubs such as those in Dubai and …
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DFM and Canadian University Dubai inaugurate educational trading floor
Dubai Financial Market (DFM) in partnership with the Canadian … We are extremely excited as we will be welcoming First Abu Dhabi Bank and Emirates NBD to our fold as partners in this venture.” Successful traders and reputable financial firms are …
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Dubai Holding unit is said to seek $572m for refinancing
Dubai Holding’s Emirates International Telecommunications … The company, which owns stakes in Axiom Telecom and Du, is speaking to lenders including Emirates NBD PJSC, Noor Bank PJSC and Commercial Bank International PSC about a club loan, said the …
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Modi inaugurates summit and a temple during whirlwind UAE visit
Modi praised the UAE, home to 3.3 million Indian nationals … Highlighting his government’s cutting-edge initiatives, such as a unified ID system linked to mobile phones and bank accounts, Modi appeared right at home in the tech-obsessed emirate.
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UAE Product Awards 2018
The annual Banker Middle East UAE Product Awards are designed to recognise banking and financial products and services that are either exceptionally innovative or have witnessed excellent financial performance and/or transference of market share.
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Ripple lands largest Middle East client in UAE Exchange
UAE Exchange follows in the footsteps of India’s Axis Bank, which also recently joined the RippleNet messaging system to speed remittance flows between India and the Middle East through an arrangement with the UAE’s Rakbank.
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UAE Exchange Partners with Ripple for Instant Cross-Border Payments
Through this partnership, UAE Exchange joins RippleNet, Ripple’s enterprise blockchain network with over 100-member banks and financial institutions. Leveraging the strengths of Ripple’s leading enterprise blockchain solution for payments, which …
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Dubai Investments Plans IPO of Emicool Unit
Dubai Investments PJSC plans to sell shares in its cooling unit Emicool in the fourth quarter and aims to start a 3-billion-dirham ($817 million) real estate investment trust as it seeks to boost profit. Chief Executive Officer Khalid Bin Kalban told …
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Abu Dhabi financial regulator may create framework for virtual currencies
The regulator of Abu Dhabi’s international financial center said it could create rules for exchanges handling virtual currencies, in a sign that authorities in the UAE may allow trade in cryptocurrencies such as bitcoin to develop. The Financial Services …
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GLOBALES: Dubai Investments Plans IPO of Emicool Unit in Fourth Quarter
Bloomberg / Dubai Investments PJSC plans to sell shares in its cooling unit Emicool in the fourth quarter and aims to start a 3-billion-dirham ($817 million) real estate investment trust as it seeks to boost profit. Chief Executive Officer Khalid Bin …
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Dubai Investments plans IPO of Emicool unit in Q4
Dubai Investments plans to sell shares in its cooling unit Emicool in the fourth quarter and aims to start a AED 3 billion ($817 million) real estate investment trust as it seeks to boost profit. Chief Executive Officer Khalid Bin Kalban told Bloomberg …
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Dubai Investments Plans IPO of Emicool Unit in Fourth Quarter
‘Why We Were Expecting A Rate Hike’ Budget 2018’s Building Blocks For A New Rural Governance System Oil Hunger to Grow in Nation Aiming For Only Electric Car Sales Stock Bulls Better Be Careful What They Wish For 5 Rules to Help Avoid Investing …
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DFSA Signs MoU with Central Bank of Oman
The Dubai Financial Services Authority (DFSA) and the Central Bank of Oman signed a Memorandum of Understanding (MoU) to cooperate in the supervision and authorisation of firms operating in both markets. The MoU was signed in the Dubai International …
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