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Warba Bank lists $250m sukuk on Nasdaq Dubai

  DUBAI / WAM Shaheen H. Al-Ghanem, CEO of Warba Bank, a leading Kuwaiti Islamic Bank, on Tuesday rang the market-opening bell to celebrate the listing of the bank’s $250 million perpetual Tier-1 Sukuk on Nasdaq Dubai, in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). This is the third sukuk listing by Warba ...

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EDB’s business banking app enables access to 500 UAE firms in 3 months

  ABU DHABI / WAM The Emirates Development Bank (EDB) has announced that its Business Banking App has supported more than 500 UAE-based SMEs and start-ups by opening accounts for them in less than 48 hours over the past three months, reinforcing its growing demand and the significance. Designed to support the SMEs operating within the UAE, the app offers ...

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Abu Dhabi firm to invest $75mn in Getty Images

ABU DHABI / WAM Abu Dhabi-listed tech-focused holding company Multiply Group (Multiply) has signed a binding commitment to invest $75 million in global visual content creator and marketplace Getty Images. With a broad portfolio that includes the Getty Images, iStock and Unsplash brands, the firm reaches and empowers a broad base of retained customers ranging from international enterprises to amateur ...

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