The IPO saw Adnoc Drilling offer 1.8 billion shares, representing 11% of the shares EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), has announced that its …
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Summit Bank Agrees to Sell 51% Shares to UAE Investor
Summit Bank has agreed to sell at least 51 percent of its voting shares to a UAE-based investor at Rs. 2.51 per share. According to a notice sent to the Pakistan Stock Exchange, Summit Bank received …
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Dubai’s Emirates NBD to expand presence in India with approval for two branches
Dubai’s Emirates NBD has announced plans for further expansion in India, following approval from RBI (Reserve Bank of India) to open two additional branches. The bank will open a full-service branch …
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Abu Dhabi’s IHC May Miss Out on Inflows Over Lack of Free Float
The second-largest listed company in the United Arab Emirates may miss out on inflows worth millions due to lack of clarity over its free float.
What the Western press won’t say: Expo 2020 Dubai worksite safer than building sites in Europe
No sooner had Dubai’s Covid-delayed Expo 2020 opened its doors than the Western media was full of stories regarding the site’s migrant construction workers. The implication is that the workforce was …
Expo 2020 Dubai: Visitors share their excitement during opening week of world fair
Dubai opened its doors to the world for the first time, crowds of visitors flocked to the site during the opening week to witness first-hand …
Israeli ministers meet UAE counterparts on sidelines of Dubai Expo
Interior Minister Shaked and Environment Minister Zandberg discuss visa-free travel and climate change with Emirati officials …
Museveni pledges to build shelter for distressed Ugandans in Dubai
By Ritah Kemigisa President Museveni has pledged to build a shelter where Ugandan girls who are often tortured and face …
Mobility: How Expo 2020 Dubai is beckoning a technology-led future
The future of mobility is already upon us. Which direction are we headed in, what are some of the most important learnings from the region that will contribute to the grand vision, and most …
This new Dubai hotel is set to redefine the guest experience
While most hotels are often designed with predictable interiors, 25hours Hotel One Central will soon disrupt the conventional pre-conceived layouts with its forward-thinking design. For the traveller …
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Dubai Ruler declares October 29 as day to honour coders
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has declared 29 October as a day that honours coding and programming professionals, under the …
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UAE’s economic recovery remains strong in September
The UAE’s non-oil private sector’s performance remained strong in September as the new order rose strongly and business expectations improved, thanks to Expo 2020 Dubai and the loosening of the …
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Saudi non-oil new business growth at seven-year high in Sept -PMI
Saudi Arabia’s non-oil private sector grew in September, with new orders rising at the fastest rate in seven years, a business survey showed, as a relaxation of COVID-19 restrictions on activity and …
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Uganda signs business deals worth $650m at Expo 2020 Dubai
How will Expo 2020 Dubai impact the local real estate market and shape future trends? Uganda said on Monday it had signed a number of new business deals worth $650 million at Expo 2020 Dubai. The …
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Another ADNOC entity is heading for an IPO – this time it is Fertiglobe
Dubai: Another ADNOC related entity is gearing up for a stock market listing in Abu Dhabi. Fertiglobe plc – the world’s largest seaborne exporter of urea and ammonia combined – will be the next …
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Fertiglobe joint venture of OCI-ADNOC plans IPO of 13.8% stake
Abu Dhabi National Oil Company (ADNOC) and chemical producer OCI N.V. OCI.AS plan an initial public offering of 13.8% of the shares in fertiliser joint venture Fertiglobe on the Abu Dhabi Securities …
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Summit Bank to sell 51pc shares to UAE investor
KARACHI: The board of directors of Summit Bank has agreed to sell at least 51 per cent controlling interest to a UAE-based investor at Rs2.51 per share, a regulatory filing said on Monday. The …
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