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RAK Ruler opens RAK DAO Conference 2024The importance of embracing technological innovation to secure Ras Al Khaimah’s position as a global hub for blockchain and digital assets was stressed at the RAK Digital Assets Oasis (RAK DAO) Conference 2024. “In Ras Al Khaimah, we recognise the More… |
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UAE advocates open, inclusive trade at G20 TIMMThe UAE has reasserted its commitment to open, rules-based trade during the G20 Trade and Investment Ministerial Meeting (TIMM) in Brazil. Participating in TIMM, Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, said WTO reform can More… |
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MultiBank Group chosen 'Best FX Institutional Liquidity Provider'MultiBank Group, the world’s largest and most regulated financial derivatives broker headquartered in Dubai, has been honoured with the prestigious ‘Best FX Institutional Liquidity Provider’ award at Forex Expo Dubai 2024. As the larges More… |
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CBI posts record 9M profit before tax of $69.2m, up 81pcCommercial Bank International (CBI), a leading UAE bank, has posted a record nine-month (9M) profit before tax of AED254 million ($69.2 million), an outstanding 81% growth year-on-year. The bank delivered exceptional results for Q3 2024, reporting a net operat More… |
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Bahrain set to host second edition of Gateway GulfA high-level group of 250 ministerial and senior-government officials and C-level business executives from leading markets across America, Europe, Asia and GCC will gather in Bahrain for the second edition of Gateway Gulf. The event will be held on November 3 and November 4, 2024, at the Four More… |
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Magnati, Ajman Bank to enhance financial solutions for SMEsMagnati, a leading payment solutions provider in the Middle East, has partnered with Ajman Bank to launch an embedded finance solution aimed at supporting the growth of SMEs. This collaboration will provide seamless access to Shari’ah-compliant fin More… |
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Mideast economic confidence rebounds sharply in Q3: GECSEconomic confidence across the Middle East rebounded sharply in Q3 2024, signalling optimism despite global economic uncertainty and regional challenges. This is according to the latest Global Economic Conditions Survey (GECS) from the Association of Chartered More… |
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ADCB 9M net rises 19pc to record $1.86bn, Q3 net up 23pcAbu Dhabi Commercial Bank (ADCB) posted record net profit of AED6.85 billion ($1.86 billion) in the first nine months (9M) driven by growth of diversified income streams, enhanced efficiencies and lower impairment charges. This is a 19% YoY increase. The bank& More… |
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DIFC announces 2nd edition of the Future Sustainability ForumDubai International Financial Centre (DIFC), a leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has announced the 2nd edition of the Future Sustainability Forum. Scheduled for December 4 and 5, 2024 at the Madinat Ju More… |
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Nasdaq Dubai welcomes DIB’s listing of $500m AT1 SukukNasdaq Dubai has welcomed the listing of $500 million Sukuk issued by Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE. The additional Tier 1 (AT1) Sukuk was issued at a profit rate of 5.25% per annum and received strong investor demand, res More… |
