The investment manager oversaw $148.5 billion in private equity holdings, credit assets, real estate and hedge funds as of June 30 … receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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UAE helping hands: The couple facing financial hardship after a tragic loss
As if having a traumatic experience trying to find a hospital willing to admit them and having twins born 14 weeks prematurely wasn’t enough, an Indian couple in Dubai face hospital costs totalling Dh850,000 after their newborns spent seven months in NICU.
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UAE issues new regulation on federal tax procedures
The UAE Ministry of Finance has released the executive regulation of Federal Decree-Law No (7) of 2017 on tax procedures, thus taking the VAT system in the country one step forward. The published regulations cover, among other things, the responsibilities …
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Dubai saw double digit growth in tourist numbers in H1
The number of tourists visiting Dubai increased 10.9 percent during the first half of 2017. Abu Dhabi and Ras al-Khaimah recorded a 7.2 percent and 6.5 percent growth, respectively, according to the Central Bank of the UAE. The banking authority …
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Saudi entertainment authority says hit by cyber attack
The GEA was set up last year as part of the Vision 2030 reform program to provide entertainment options for Saudis, who are accustomed to traveling abroad to see shows and visit amusement parks in nearby Dubai and … our… Hedge funds look past the …
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Privatisation in MENA set to drive IPO activity in 2018 – EY
Investor sentiment has improved and the global outlook is more positive, which should reflect on the IPO market in the MENA region.” Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and …
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Foreign workers in the UAE remit over $21bn in H1
The total value of remittances by foreign workers in the UAE reached AED78 billion ($21.2 billion) during the first half of 2017, according to central bank figures. The UAE Central Bank announced that remittances totalled AED40.8 billion during the second …
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Dubai Islamic Bank : DIB recognised as Best Performing Outlet by Dubai Service Excellence Scheme
Dubai Islamic Bank has been awarded Best Service Performing Outlet for the Dubai Mall branch for 2016, under the Banking Services business category at the Dubai Service Excellence Scheme (DSES). The ceremony took place at the Jumeirah Beach Hotel on 14 …
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Emaar lists assets it intends to take public
The majority of the assets included are mixed use projects under construction, including new hotels such as the Vida Dubai Mall and the Address Sky View. Emaar also plans to IPO empty plots that it owns in Dubai Harbour, Emirates Hills, and Arabian Ranches.
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Mena IPO records 16 deals in H1 2017
The greenfield IPO of Orient UNB Takaful PJSC (Orient UNB) in second quarter (Q2) of 2017 represents the first IPO on the Dubai Financial Market (DFM) since the IPO of Dubai Parks and Resorts in 2014. The GCC saw 13 IPOs raised in H1 2017, a 33 percent …
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Mena IPOs raise $788m in first six months
The greenfield IPO of Orient UNB Takaful PJSC (Orient UNB) in Q2 of 2017 represents the first IPO on the Dubai Financial Market (DFM) since the IPO of Dubai Parks and Resorts in 2014. According to EY, the GCC saw 13 IPOs raised in the first half …
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16 MENA IPOs Recorded in H1 2017: EY
H1 2017 saw US$ 788 million in capital raised IPO of ADES International Holding Ltd. largest in MENA at US$ 243.5 million Dubai, UAE – 26 September 2017: In the first half of 2017, MENA IPO activity witnessed 16 deals, representing a 100% increase when …
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Sluggish mood remains on Dubai index, as traders seek catalysts
with some of the positive catalyst like Emaar IPO, good quarter for blue chip companies,” said Tariq Qaqish, Managing Director — Asset Management at Menacorp. The Dubai Financial Market General Index closed 0.06 per cent higher at 3,563.99. The Dubai …
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Aramco listing reshapes Saudi Arabia’s OPEC oil policy
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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