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Abu Dhabi’s National Takaful acquires 4.9% stake in Dubai’s Dar Al Takaful

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Abu Dhabi’s National Takaful acquires 4.9% stake in Dubai’s Dar Al TakafulThe stake amounts to $1.6mln

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Private sector deposits in UAE banks hit $273bln

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Private sector deposits in UAE banks hit $273blnThese deposits account for around 58% of the total gross deposits held by...

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Saudi central bank reaffirms commitment to peg, says foreign reserves strong

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Saudi central bank reaffirms commitment to peg, says foreign reserves strongSaudi Arabian Monetary Authority released in a statement

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Upskilling a key priority for UAE’s financial services professionals

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Upskilling a key priority for UAE’s financial services professionalsThe CISI and DIFC’s The Academy have partnered to provide internationally recognised...

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Saudi’s Riyad Bank plans early redemption of $1.06bln sukuk

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Saudi’s Riyad Bank plans early redemption of $1.06bln sukukThe sukuk redemption will be in full, at face value, at the...

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Fitch revises HSBC Bank Middle East’s outlook to negative

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Fitch revises HSBC Bank Middle East’s outlook to negativeThe Outlook revision follows a similar rating action on the parent, HSBC...

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Saudi banks to postpone repayment of loans for healthcare employees

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Saudi banks to postpone repayment of loans for healthcare employeesThe initiative is in recognition of their enormous efforts to safeguard...

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Dubai banks announce business relief package for customers

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Dubai banks announce business relief package for customersLeading Dubai banks that have joined the effort to provide relief to their...

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Swiss banks mull $21 billion loan programme for SMEs

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Swiss banks mull $21 billion loan programme for SMEsThe proposal comes after the Swiss government announced that it would deploy...

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Coronavirus to hurt GCC’s real estate, hospitality, banking sectors – S&P

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Coronavirus to hurt GCC’s real estate, hospitality, banking sectors - S&PRatings agency says crisis will also reduce region’s export volumes

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ADCB’s new platform aims to help businesses expand worldwide

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ADCB’s new platform aims to help businesses expand worldwideIt will provide members with market information on more than 180 countries

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India seizes Yes Bank, limits withdrawals

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India seizes Yes Bank, limits withdrawalsThe move to rescue Yes Bank illustrates the widening damage from India’s shadow banking crisis,...

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