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Tag Archives: banks

Sharjah finance cooperating with Japanese counterparts

A delegation from Sharjah Finance Department, SFD, has visited Tokyo, Japan, and met with key Japanese finance officials to discuss various possibilities that can help bolster relationships between the two sides. The meetings were held at the Japan Bank for International Cooperation, JBIC, and was attended by Sharjah’s delegation headed …

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Robo-advisors recieve go-ahead in Abu Dhabi

The Financial Services Regulatory Authority, FSRA, of Abu Dhabi Global Market, ADGM, today issued its regulatory framework for Digital Investment Managers (also known as ‘robo-advisors’), operating in ADGM. Digital Investment Managers provide investment management services using algorithm-based tools and technology to interact with more tech-savvy clients. This technology allows investment …

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DLD signs MoU with Al-Masraf bank

The Dubai Land Department, DLD, represented by its regulatory arm, the Real Estate Regulatory Agency, RERA, signed a memorandum of understanding, MoU, with the Arab Bank for Investment and Foreign Trade, Al Masraf, to manage and service the Owners Association, OA, accounts. The MoU was signed by Marwan bin Ghalita, …

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Etihad Credit Insurance empowering firms in UAE

Etihad Credit Insurance, ECI, has signed a Memorandum of Understanding, MoU, with the Corporate Banking division of Emirates NBD to empower the UAE-based firms in strengthening their presence regionally and internationally by providing them access to ECI’s trade credit insurance solutions and Emirates NBD Corporate Banking’s customised products. This cooperation …

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Ma’an Social Incubator extends deadline

The Authority of Social Contribution, Ma’an, has extended the deadline for its Ma’an Social Incubator, MSI, Programme till 13th July, 2019, due to the growing interest in the MSI from the public and social entrepreneurs in the UAE, the region and the rest of the world. The programme has already …

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Trillion dollar conman strikes Dubai

After stealing a football club, breaking into a bank and conning governments around the world, a convicted international fraudster – described by the BBC as a ‘Trillion Dollar Conman’ – has struck Dubai. In an act of pure evil genius, the Bahrain-based serial swindler Russell King has raked in millions …

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Two senior bankers jailed for embezzling Dh25m

Two senior managers at a multinational bank, who embezzled Dh25 million deposited by an investor in three corporate accounts, won their appeals and had their seven-year imprisonments reduced to five years. In May 2015, the Dubai Court of First Instance jailed the Lebanese woman manager and the American manager to …

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