Thursday 21 October 2021
 
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DAE bolsters liquidity strength with new financing actions

Dubai Aerospace Enterprise (DAE), the global aviation services company, today announced new financing actions that further enhance the company’s liquidity strength.   The financings include: • $780 million of new senior unsecured term fin

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Investment firm Pretium expands sets up office in Dubai

Pretium, an innovative investment management firm focused on real estate, residential credit and corporate credit with more than $26 billion in assets, has established its first Middle East office in Dubai.    Jamal Saab has joined as Managing Director to h

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Al Salam Bank unveils a refreshed logo

Al Salam Bank recently unveiled a refreshed logo, in line with its new human-centered Brand DNA, which prides itself on an ethos of forming deep relationships with clients.    The bank took a bold step by engaging the public for the design process wherein s

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al khaliji Q3 net profit up 3% to $154m

Al Khalij Commercial Bank (al khaliji) has reported a net profit of QR561 million ($154 million) for the third quarter of 2021, reflecting an increase in operating income by growing assets and effectively managing margins. Highlights of Q3 results: • &nbs

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Jafza, Al Masraf join hands to back SMEs in free zone

DP World’s leading trade and logistics hub Jebel Ali Free Zone (Jafza) has signed an agreement with Arab Bank for Investment and Foreign Trade (Al Masraf) to support business operations of SMEs and other enterprises licensed within Jafza. The memorandum of understanding (Mo

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Azimut, Gellify launch $50m Mena-focused VC fund

Azimut (ME) Limited ADGM, part of Azimut, a leading asset management group, in partnership with Gellify Middle East, an innovation platform, is launching a Mena-focused VC Fund aiming at raising $50 million capital. The new VC Fund will focus on B2B startups in the Mena region. I

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Consumer confidence in Dubai hits 10-year high

Consumer confidence in Dubai moved to its highest level in 10 years during the third quarter of 2021, the Consumer Confidence Index tracked by Dubai Economy showed. During the quarter the Index rose two points from the previous quarter and 21 points compared to the same quarter o

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Al Salam Bank unveils a refreshed logo

Al Salam Bank recently unveiled a refreshed logo, in line with its new human-centered Brand DNA, which prides itself on an ethos of forming deep relationships with clients.    The bank took a bold step by engaging the public for the design process wherein s

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Adnoc Drilling Board approves ambitious growth plan

Adnoc Drilling will continue to play a pivotal role in enabling Adnoc’s ambitious production capacity growth plans of achieving the 2030 target of 5 million barrels per day and gas self-sufficiency for the UAE.   Thousands more wells will be drilled by 203

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DSOA launches Sandbox to support new startups

Dubai Silicon Oasis Authority (DSOA) has launched Sandbox, the region’s first-of-its-kind startup programme to support early-stage technology startups scale and raise funds. The 12-month programme aligns with the Dubai 2040 Urban Master Plan announced by Sheikh Mohammed bin

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