The UAE property market is heavily reliant on expatriate and international buyers and is, therefore, vulnerable to international economic dips. 2016 has been a challenging year for much of the global economy and, as a result, international events have …
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UAE’s business community embraces the Year of Giving
Dubai: The UAE’s announcement of 2017 as the Year of Giving has been welcomed by the business fraternity in the country. Retail hypermarket chain, Lulu Group, said that a portion of its revenue is already earmarked for organisations such as the Emirates …
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MoF holds the third meeting of the Government Financial Policy Coordination Council for 2016
The Ministry of Finance (MoF) organised the third and final meeting of the Government Financial Policy Coordination Council for 2016 at its premises in Dubai. The meeting was headed by HE Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the …
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Property Insurance by Links Insurance Brokers LLC Dubai
Business property insurance from LINKS provides simple, affordable and personalized coverage for your properties. We cover a wide range of insurance types and can help you select a plan to make sure your business needs are covered. Your Link To A Secure …
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Which way for Dubai property in 2017?
It’s almost time to call it wraps for 2016. The year has been a mixed bag of fortunes for the Dubai property sector, with affordable properties leading recovery while the prime market continuing to feel the pressure both in the sales and rental markets.
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Abu Dhabi to Permit Short Selling in Attempt to Boost Liquidity
Abu Dhabi is poised to introduce services facilitating short-selling next year as it seeks to boost trading volume and attract foreign investors to the illiquid market. ADX, as the local exchange is known, is conducting meetings with brokerages in the …
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China’s Gold Market Opens Up To Boost RMB Internationalization
In addition, the international board uses RMB for settlements, producing an effective convergence of the RMB offshore and onshore markets, expanding the cross-border use of the RMB and providing a new channel for return of funds. All these points steadily …
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UAE Pushes Blockchain Tech Development to Become a Leading Center for Innovation
a public-private initiative that demonstrated the UAE’s commitment to the technology. Under the Global Blockchain Council umbrella, prominent financial institutions, technology firms and startups are collaborating on a number of pilot projects that promise …
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TRA adopts new fees for frequency spectrum and wireless equipment in UAE
DUBAI, 26th December, 2016 (WAM) — Effective January 1st, 2017, new fees for the use of frequency spectrum and wireless equipment in the UAE will be introduced, according to the Telecommunications Regulatory Authority, TRA. The new regulation contains a …
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UAE banks stay rooted in stability despite challenges
The banking system in the UAE was remarkably resilient in the face of multiple challenges throughout 2016 – be it low crude prices, contraction of government investment or unpredictable global political events. UAE banks continue to be well-capitalised and …
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UAE banks stay rooted in stability despite…
The banking system in the UAE was remarkably resilient in the face of multiple challenges throughout 2016 – be it low crude prices, contraction of government investment or unpredictable global political events. UAE banks continue to be well-capitalised and …
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DFM launches 'IPO Communications Guide'
Dubai Financial Market (DFM) launched on Monday its “IPO Communications Guide”, as part of the exchange’s continuous efforts to develop various practical guides that explains the regulatory framework of going public as well as the international best …
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Careem plans 2019 IPO as it works toward profit
Dubai: Careem Networks FZ, which competes with Uber Technologies Inc in the Middle East, may sell shares to the public in the next three years after a fundraising round valued the company at about $1 billion (Dh3.67 billion). “We are on a path to …
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Saudi newspaper says report on huge Aramco stake sale was wrong
DUBAI Major Saudi Arabian newspaper al-Eqtisadiah retracted a report on Sunday that said state oil giant Saudi Aramco IPO-ARMO.SE planned to sell 49 percent of its shares over the next 10 years. The report published on Saturday was “completely wrong and …
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Apollo Global, Abraaj Group invest in Laureate before possible IPO
The team handling media queries for the company is in Dubai and did not respond to a request for comment … Laureate registered with the SEC for an IPO last year, but those plans have not moved forward amid a turbulent market, regulatory scrutiny of …
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Saudi Aramco's landmark IPO seen boosting transparency
“If Aramco’s much-touted IPO does go through, it will be difficult to put a reliable dollar figure on its value,” Dr. Yasser Al-Saleh, a former Aramco engineer and now faculty member at Dubai’s Mohammed bin Rashid School of Government wrote in a …
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Saudi Arabia switches OPEC tack with eye on world’s top IPO, but it’s still far from ‘break even’
a credit analyst at Commerzbank AG in Dubai, said in an interview. “It’s more a question of building confidence in the economy. If crude stabilizes at higher prices, that will give more certainty and provide a stronger basis for the Aramco IPO.”
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