DUBAI/LONDON (Reuters) – Saudi Arabia’s plans to float state … But the fact such a move was considered shows how Aramco’s initial public offering (IPO) – expected to be the biggest in history – is forcing the kingdom to rethink its OPEC policies.
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UAE, Saudi IPO pipeline for H2 2017 looks strong: …
The greenfield IPO of Orient UNB Takaful in Q2 of 2017 represents the first IPO on the Dubai Financial Market since the IPO of Dubai Parks and Resorts in 2014. The company raised $16.3 million. While Emirates NBD Asset Management raised $105 million by …
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Saudi Arabia’s regulator set to ease share listing, M&A with new rules
The exchange, which itself is planning an IPO, is doing “due diligence” on all aspects of … newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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UAE one of best countries to live and work: HSBC report
finance and healthcare. It also attracted positive feedback in the family category, scoring the most in the area of childcare quality, as well as quality of life and tolerance. More than half (55 per cent) of expats in the UAE said their work-life balance …
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Eshraq Properties : UAE’s Eshraq denies capital reduction
Abu Dhabi – Mubasher: Eshraq Properties on Thursday announced that neither its board nor its general assembly voted any capital reduction. Some news had reported a reduction of share capital by 57%, in a way to absorb losses, the company said in a …
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Tourists visiting Abu Dhabi, Dubai, RAK up 9.9pc in H1
the Emirates official news agency, citing statistics from the Central Bank of the UAE. The number of foreign tourists from the major markets witnessed considerable growth and the number of Russian tourists visiting Abu Dhabi, Dubai and Ras al-Khaimah …
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First Abu Dhabi Bank : ADX sheds 1.1% in week
Abu Dhabi – Mubasher:Tthe main index of the Abu Dhabi Securities Exchange (ADX) retreated in the week ended 28 September 2017 for the second successive week. The main index shed 1.08% or 48.09 points to 4,397.40 points. The banks sector lost 0.99% after …
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Rich are getting richer: Global HNWI wealth hits $63.5T
Alternative investments, such as hedge funds, derivatives, foreign currency … Knight Frank’s 2017 Wealth Report has ranked Dubai fourth in the world on its list of cities with the biggest inflow of HNWIs. Dubai attracted about 2,000 of these very …
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UAE doctors warn young people against unhealthy lifestyle
A recent survey of social attitudes in the UAE found that many residents are concerned about cardiac illnesses. The survey – which was commissioned by Cleveland Clinic Abu Dhabi – queried over 1,000 UAE nationals and residents and found that 44 per cent of …
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Solar Thermal Power in United Arab Emirates Market 2017 – Current and Future Plans 2030
“Solar Thermal Power in United Arab Emirates, Market Outlook to 2030,Update 2017 – Capacity, Generation, Power Plants, Regulations and Company Profiles”, is the latest report from the industry analysis specialists that offer comprehensive information and …
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Tesla enters region’s solar sector in another first
Tesla has entered into the region’s solar market for the first time in Dubai, opening up a new avenue for the car maker. After launching its showroom in Dubai earlier this year, the company headed by Elon Musk has widely been known for its electric …
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Remittances by foreign workers in UAE reaches Dh78 billion
The UAE Central Bank announced that the same figure reached Dh40.8 billion during the second quarter of 2017, an approximate increase of 10 per cent, compared to Dh37.1 billion in the first quarter of the same year. According to the bank’s data …
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Abu Dhabi strides ahead; numbers up
Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi … in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and …
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Square Yards launches dedicated portal for property ‘squareyards.ae’ in UAE
New Delhi: Leading tech-backed transaction and aggregation platform for global real estate Square Yards has announced launch of dedicated portal for property in UAE, squareyards.ae. The new portal will focus on resale and rental markets in Dubai in …
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UAE’s Arzan Wealth exits prime German property
Arzan Wealth, a Dubai-based advisory firm with focus on real estate and private equity investments, said it had successfully exited a prime Volkswagen AG property in Germany after netting 8.25 per cent annual returns and actual IRR of 11 per cent for its …
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Pardoned prisoners speak, thank Sharjah Ruler
The pardoned prisoners expressed their happiness and gratitude after receiving the news. “We thank His Highness the Ruler of Sharjah for this kind gesture.” Mohammad Mustafa Shaukat, 68, a taxi driver, has spent 15 years in jail because he did not …
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Fujitsu backs Lebanese bank in digital growth
Japan-based Fujitsu, a leading ICT company, has announced a new contract with BBAC, a top bank in Lebanon, to drive its enhanced digital transformation at the 10thFujitsu World Tour 2017 being held in Dubai, UAE. Fujitsu will support BBAC in a full data …
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