Wednesday 17 July 2019
 
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Trade tension, geopolitical flux ‘raise systemic risk’

Heightened trade tensions and greater political uncertainty in Europe and the Middle East have increased systemic risks in financial markets, but they remain moderate overall, Moody's Investors Service said in a new report. Market liquidity has tightened alongside rising vola

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DIFC introduces four new licencing categories, fees

Dubai International Financial Centre (DIFC) is continuing to prioritise the ease of doing business with the introduction of new licencing categories and fees designed to make establishing businesses within the Centre easier and more affordable. Four new licencing categories were

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Dubai non-oil sector sees sharp rise in activity

Dubai’s non-oil private sector continued to post a marked expansion of total business activity in June, with the rate of growth accelerating further to a new high since the Emirates NBD Dubai Economy Tracker survey began in 2010. On the other hand, rising output failed to g

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Dubai Chamber launches portal on African markets

Dubai Chamber of Commerce and Industry has launched a new website titled ‘Africa Gateway’ that delivers key insights into the burgeoning markets of Africa. The online portal acts as a rich knowledge resource designed to equip users with essential information on the mo

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Deutsche Bank unveils massive restructuring; cuts 18,000 jobs

Deutsche Bank has announced an unprecedented restructure that will see the German banking giant close a major part of its trading businesses leading to 20 per cent job cuts globally, said media reports.   Within hours of Deutsche Bank announcing its $8.3 billion

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Empower ties up with India’s DLS & Associates

Empower Business Solutions, a key business consulting services provider to small and midsize businesses in Bahrain, has joined hands with India’s DLS & Associates to launch a full range of its financial services in the kingdom. DLS & Associates is one of the leading

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Nasdaq Dubai inks co-op agreement with Kazakh exchange

Nasdaq Dubai, the region's international exchange, has signed an agreement with Astana International Exchange (AIX) in Kazakhstan to boost operational relationship between the central securities depositories (CSDs) of both markets. The establishment of the link is subject to

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Sadad Bahrain launches new payment solution

Sadad Bahrain, a leading FinTech company in the kingdom providing a comprehensive digital payment platform, has announced the launch of its latest technology-driven service ‘Sadded’, once again transforming payment methods in the kingdom. Sadded is a new payment solut

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DIFC makes key appointments to spur fintech

Dubai International Financial Centre (DIFC) Authority has made a number of strategic appointments and promotions of UAE nationals to lead key initiatives that support the DIFC’s vision to further enable financial technology in the region. Peyman Al Awadhi has been appointed

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BCFC raises $125m five-year syndicated loan

Bahrain Commercial Facilities Company (BCFC) has successfully closed a $125 million five-year syndicated loan facility. The facility was arranged by Gulf International Bank (GIB), Ahli United Bank and National Bank of Bahrain (NBB) in their capacity as initial mandated lead arran

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