Saturday 19 September 2020
 
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Abu Dhabi $5bn multi-tranche bonds listed on ADX

The Abu Dhabi Securities Exchange Sunday started listing of the Emirate of Abu Dhabi Global Medium Term Note Programme total amount of $5 billion in three tranches. The listing is part of Abu Dhabi’s strategy aimed to optimise the capital structure of the emirate, tapping i

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Oman summit to discuss future of banking

With a wave of fintech solutions challenging the legacy systems all over, the need to incorporate technology as an enabler to help enhance the customer experience, business profitability and the product portfolio in a secured environment, is a top priority for banks.   

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UAE’s FTA issues new basic tax information bulletin

The UAE’s Federal Tax Authority (FTA) has confirmed that higher education institutions making only zero-rated and/or standard-rated supplies may recover input tax in full, except where recovery is specifically blocked. Blocked input tax includes VAT incurred on certain ente

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Covid hits Saudi banks’ profitability outlook: report

The profitability outlook for Saudi Arabia’s banks remains subdued as a result of the twin effects of low oil prices and Covid-19 lockdowns which might impact credit demand and asset quality, said professional services firm Alvarez & Marsal (A&M)in a new report. Sau

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Boursa Kuwait to list its shares on Premier Market

Boursa Kuwait said that it will list its shares on the “Premier Market” following the Capital Markets’ Authority’s approval, with trading of the company’s shares starting during the opening session on September 14 under the ticker symbol “BOURSA”.

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GIB sweeps Global Finance awards with six wins

The Gulf International Bank (GIB) has been named a winner in six categories by the New York based Global Finance magazine’s “2020 World’s Best Corporate/Institutional Digital Banks Awards Middle East”.     GIB won four out of se

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SMPs continue to be a lifeline for SMEs

Small medium-sized practices (SMPs) act as a safety net for businesses trying to rebuild and steer their way through the Covid-19 pandemic.   In its most recent report, Responsible SMP Pacesetters, which surveys almost 50 global SMP leaders, ACCA (the Associatio

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DIFC inks strategic deal with Dubai Future Foundation

Dubai International Financial Centre (DIFC) has reaffirmed its commitment to driving the future of finance by signing an agreement with the Dubai Future Foundation (DFF).    The MoU between the two forward-looking counterparts will advance the innovation ag

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Emirates Digital Wallet launches digital cash platform

Emirates Digital Wallet, along with First Abu Dhabi Bank (FAB), Mashreq Bank, National Bank of Fujairah and Mastercard today (September 10) announced the launch of klip, Emirates Digital Wallet’s digital cash platform. Klip offers a simple way for users to transfer money to

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15 Indian scale-ups join first Dubai Tech Tour

Dubai Startup Hub and Dubai Chamber’s representative office in India have kicked off the first-ever Dubai Tech Tour, a virtual trade mission joined by 15 promising Indian scale-ups specialising in fintech and healthtech. Organised by Dubai Startup Hub in partnership with St

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