UAE-based agribusiness to use Honeywell’s Solstice zd (R-1233zd) for climate-controlled system for growth of produce …
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The Middle East Has Found Home in the Crypto Industry
The Middle East is advancing rapidly in crypto. Dubai recently launched its first crypto listing. Middle Eastern nations have always been leaders in innovation. The Middle East is fully embracing …
MIDEAST STOCKS Abu Dhabi outperforms Gulf stocks as IHC extends surge
Abu Dhabi stocks outperformed Gulf markets on Monday, led by a 9% surge in the shares of the International Holding Company (IHC) conglomerate, which benefited from the listing of a subsidiary.
Saudi’s Tanmiah Food Co. launches order book ahead of IPO
As part of the IPO, 6mln ordinary shares will be offered to institutional investors, representing 30% of the share capital of the company, with the price set between $15.73 to $17.87 per share …
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Apax Partners-promoted Healthium Medtech planning $300 mn to $400 million IPO at $1 billion valuation; picks four I-bankers
The stock of Healthium Medtech’s listed rival Poly Medicure has nearly doubled in the last six months, even as the latter raised Rs 400 crores via a QIP in February. Mysuru based medical equipment mak …
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S.Korea’s Kakao Bank says its planned IPO expected to raise at least $2 billion
South Korean digital bank Kakao Bank Corp said on Monday its planned initial public offering is expected to raise at least 2.2 trillion won ($1.95 billion) at the low end of an indicative price range.
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Tradewind Finance provides USD 5mln trade finance facility to Dubai-based printing services company
UAE, and USA. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and world-class services to the world’s …
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Emirates Development Bank gets into debt finance to fund more UAE businesses
EDB asked for $750 million and eventually got it, no problem, as the bank’s debt was assigned the fourth-highest investment grade from Fitch Ratings.
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Aafaq Islamic Finance implemented Infosys Finacle’s digital banking suite to transform its technology infrastructure
IBS Intelligence is a leading global FinTech News & Research firm. Get ✅ Latest Digital Banking & Financial Technology News, ✅ Research & ✅ Market Insights.
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RTA opens Oud Metha model bus station
Dubai’s Roads and Transport Authority (RTA) has opened Oud Metha Bus Station, the newest addition to bus stations featuring ultra-modern design rendering it a model station. It is integrated with the …
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Dubai Homes Alert, Russia Inflation, Steady China: Eco Day
Luxury sales boom in Dubai shows global real-estate exuberance China sees more balanced expansion on rise in domestic demand Sign up for the New Economy Daily newsletter, follow us @economics and …
Dubai: Woman held at airport for trying to smuggle 6kg of hashish
A 42-year-old Asian woman has been referred to the Dubai Criminal Court on charges of trafficking six kilograms of hashish with the intention of promoting and selling it in the UAE. According to the …
Dubai: Over 2,000 residents accept Islam in first half of 2021
Over 2,000 Dubai residents from different nationalities embraced Islam this year, the Mohammad bin Rashid Centre for Islamic Culture has announced. According to official statistics revealed by the …
Infusion Group: A new era in energy storage solutions from Dubai-based tech brand
A chat with Waseem Ashraf Qureshi, CEO, Founder & Partner, Infusion Group & Kilowatt Labs In 2015, Kilowatt Labs was established in the United States of America, creating a storm in the power …
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Dubai SME launches new business incubator in American University
The certified business incubator will allow students will allow students to avail of common workspaces and incentives to launch their projects.
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Saudi Fransi Capital says price range for Tanmiah Food IPO set at 59 to 67 riyals/share
DUBAI – Saudi Fransi Capital has started a book building process in preparation for Tanmiah Food Co’s initial public offering, setting a price range of 59 riyals ($15.73) to 67 riyals ($17.87) per …
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Qatar Petroleum hires banks for four-tranche bond sale – document
Qatar Petroleum hired a group of banks to arrange a four-tranche U.S. dollar-denominated bond sale, comprising five, 10 and 20-year conventional bonds, as well a 30-year Formosa portion, a document …
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