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17 May 2025

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Foreign lenders eye stake in NBK

  As many as four foreign banks are in talks with National Bank of Kuwait (NBK) about buying a stake in Kuwait's

Citi in custody, clearance deal

Citi has signed an agreement with Dubai Financial Market and Abu Dhabi Securities Exchange to provide direct custody

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GCC ministers to meet on Syria: Omani minister

Foreign ministers from the six-nation Gulf Cooperation Council (GCC) will meet in the Saudi capital later this week to

Allow higher foreign stakes: ADX

Denying that foreign money had fled the Abu Dhabi Securities Exchange (ADX) in the wake of the global economic crisis,

UP foreign ownership cap to 25%

Dubai's Union Properties said on Monday that its board of directors had recommended increasing the cap on how much

RAK Bank to double foreign ownership to 40%

National Bank of Ras Al Khaimah (RAK Bank) shareholders will meet on May 1 to decide whether to raise the foreign

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Lankan minister to meet expats in Dubai

Sri Lanka’s Minister for Foreign Employment Promotion and Welfare Dilan Perera along with a 11-member entourage of

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Riyal revaluation could boost Saudi bourse

A decision by Saudi Arabia to revalue its riyal against the ailing US dollar could briefly boost the Kingdom’s bourse

GCC set to maintain dollar peg 'for now'

Gulf oil producers will likely maintain a long-standing peg between their currencies and the US dollar before they

Will some of UAE's remittance firms cease to exist this year?

Money exchange companies in the UAE have another two or so months to comply with the revised capital requirements from

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'Allow foreign ownership'

UAE national companies need to tear down barriers for foreign owernship to attract more international capital into the

Hot money not behind FX reserve leap: China

A $453 billion (Dh1.66 trillion) increase last year in China's foreign exchange reserves partly reflected currency