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Tag Archives: Finance

Soft-landed UAE economy poised for a convincing comeback

Dubai: The UAE’s economic growth which faced strong headwinds following prolonged low oil prices and slump in international trade has managed a soft landing, with a less pronounced cycle than in 2008 according to According to Bank of America Merrill Lynch. Analysts expect a convincing a turnaround from 2018, according to recent economic forecasts. “We expect non-oil real GDP growth …

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Middle East millennials work harder, driven by desire to make positive impact: Study

Millennial business owners in the Middle East are more likely to be driven by the desire to increase their influence and have a positive impact on others than the overall average for entrepreneurs globally, according to a new study by HSBC Private Bank. The bank’s second Essence of Enterprise report, launched recently, researched the views of over 4,000 entrepreneurs globally …

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Cloud migration can help finance reap rewards

Cloud-based finance technology is an attractive proposition for forward-looking finance leaders looking to increase business performance, optimize operational efficiency and keep up with regulatory changes. Furthermore, moving finance to the cloud will help truly transform it into a strategic function. A tipping point for finance Amid the digitisation of the economy, the finance function is at a tipping point. Today’s …

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UAE ranked 1st in MENA region and 35th worldwide in Global Innovation Index 2017

The UAE has improved its standing in the 2017 Global Innovation Index, GII, topping all Arab countries and ranking 35th globally to improve six places from last year’s 41st position cementing its status as one of the world’s most innovative countries. The results of the index were officially announced during a press conference held on 15th June at the UN …

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Emaar to launch IPO of real estate development business by November: Al Arabiya TV

Dubai-based Emaar Properties plans to launch the initial public offering (IPO) of its real estate development business by November, Emaar’s chairman Mohamed Alabbar told Al Arabiya TV on Thursday. Emaar, whose interests span hotels, entertainment and shopping malls, said on Wednesday it had decided to list the real estate development business in Dubai to maximise value for shareholders, which would …

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Organization for the Islamic Conference countries lacking behind in agricultural and rural finance

Green Revolution could be brought through Islamic Agricultural Finance: Zubair Mughal. 53% of the population of OIC (Organization for the Islamic Conference) countries lives in the rural area which is globally more than the other areas and its commitment to the total agricultural department is 34%. On the other hand, 49% population lives in the rural areas while their commitment …

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Musafir.com partners with Visa

​ Special offer gives travellers AED 200 off on flight bookings until 31 December 2016 To push travel e-commerce in the Middle East​ Launch of dedicated websites in Qatar and Kingdom of Saudi Arabia Sharjah, UAE – Musafir.com, the UAE’s first premium-experience travel website, today announced a partnership with Visa across the UAE, Qatar and Kingdom of Saudi Arabia (KSA) …

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Saudi Jadwa Healthcare Opportunities Fund 2 acquires stake in UAE’s United Eastern Medical Services

The Investment in UEMS marks Jadwa Investment’s 10th Private Equity Deal Riyadh, 30 November 2016: Jadwa Investment, a leading Saudi Arabian investment management and advisory firm, today announced that the Jadwa Healthcare Opportunities Fund 2 has acquired a 42.1% stake in United Eastern Medical Services (“UEMS”), a leading UAE-based integrated healthcare group that specializes in the female and children healthcare …

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There is a Lack of Agriculture and Rural Finance in OIC Countries

Lahore: 53% of the population of OIC (Organization for the Islamic Conference) countries lives in the rural area which is globally more than the other areas and its commitment to the total agricultural department is 34%. On the other hand, 49% population lives in the rural areas while their commitment to the total agricultural department is 38%. OIC Countries have …

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IsDB approves more than US $592 million to finance new development projects

The Board of Executive Directors of the Islamic Development Bank (IsDB) has approved US $592.2 million in financing for new development projects in several member countries and some Muslim communities in non-member countries. The major approvals include: US $105 million, for the Fadhili Combined Heat and Power Project (FCHPP), Saudi Arabia US $338.5 million, for the High-Speed Train Sets Project, …

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