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Emirates picks HSBC, Citi to manage $1bn sukuk sale

Bloomberg Emirates, the world’s biggest airline by international traffic, has mandated eight banks including HSBC Holdings Plc and Standard Chartered Plc to manage a sale of Islamic bonds, according to two people with knowledge of the transaction. The Dubai government-owned carrier also picked Citigroup Inc, BNP Paribas SA, Emirates NBD PJSC, Dubai Islamic Bank PJSC, Abu Dhabi Islamic Bank PJSC ...

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UAE demand for business loans increases in Q4 2017

DUBAI / Reuters Demand for business loans in the United Arab Emirates has increased marginally during the fourth quarter of the last year, mainly because of stronger demand in Dubai, a central bank survey showed on Tuesday. The total demand for personal loans was flat, according to the survey. The net balance measure for business lending — the weighted percentage ...

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3.72mn UAE consumers lost AED3.86bn to cybercrime

DUBAI / Emirates Business Consumers are confident they’re safe online, but hackers have proven otherwise, stealing AED 3.86 billion from 3.72 million consumers in the UAE in the past year, according to the 2017 Norton Cyber Security Insights Report, released by Norton by Symantec on Tuesday. Within the last year more than half (52%) of the country’s adult online population ...

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