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FAB reports AE7.3 bn in net profit for first nine months of 2020

FAB reports AED 7.3 bn in net profit for first nine months of 2020

(WAM) -- First Abu Dhabi Bank, FAB, reported AED2.5 bn for Q3-2020, 4 percent up on Q2, with net profit for the first nine...
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Dubai's non-oil external trade reaches AED551 billion in H1 2020

Dubai’s non-oil external trade reaches AED551 billion in H1 2020

(WAM) -- Dubai recorded AED551 billion worth of non-oil external trade in the first half of 2020. The emirate’s ability to minimise the impact...
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Consortium of Global Multilateral Development Banks Calls for Measures to Support Trade Continuity in Sub-Saharan Africa

Consortium of Global Multilateral Development Banks Calls for Measures to Support Trade Continuity in...

The report issued by a consortium of multilateral development banks and trade research institutions, recounts the views of sub-Saharan banks on multi-lateral development banks’...
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UAE’s Ministry Of Economy Reduces Fee For 94 Of Its Services

The UAE’s Ministry of Economy has announced a reduction in fees for 94 of its services in order to counterbalance the coronavirus pandemic’s impact...
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‘UAE’s $70bn stimulus will help bank liquidity; soften coronavirus impact’

The recent additional stimulus package announced by the Central Bank of UAE will support UAE banks’ liquidity and limit their likely material asset quality...
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Authority Set Up to Supervise DMCC Under New Law

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as Ruler of Dubai, on...
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Prepare for Turbulence in Emerging Markets

Prepare for Turbulence in Emerging Markets

(Bloomberg Opinion) -- Encouraging trends in emerging markets belie their volatility since the taper tantrum of 2013, when the Federal Reserve signaled it was pulling back on...
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UAE Approves Federal Agency Law Amendments to Boost Trade, Investment

The UAE Cabinet has a approved a draft law amending provisions in the 'Agency Law' to enhance trade and investment development to boost the country's competitive...
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Gold Nears Six-Year High as Mideast Tensions Spur Haven Demand

(Bloomberg) --Gold neared a six-year high after a U.S. airstrike killed one of Iran’s most powerful generals, ratcheting up tensions in the Middle East...
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Turkish Economy Loses Momentum as Politics Dent Recovery

(Bloomberg) -- Turkey’s economy lost some of its momentum in the third quarter as political uncertainty and heightened fear of U.S. sanctions hurt a...
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