“Already a flagship brand and a market leader in Dubai, our successful IPO demonstrates that regional and international investors are excited by our proven business model,” he said. “We are confident that this is just the beginning of a bright future …
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Cryptocurrency-focused hedge fund Alphabit picks AELF as digital currency for 2018
Alphabit, a global hedge fund investing in digital currencies … Alphabit CEO Liam Robertson said at a press conference in Dubai that ELF would deliver large scale commercial adoption of Blockchain technology and solve major transaction issues through …
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Revealed: where UAE investors are buying overseas property
Property remains the preferred investment asset by UAE residents for 2018, according to a new survey. The annual YouGov survey conducted by IP Global has confirmed that 40 percent of UAE residents are planning to invest in property in the UAE and 18 …
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Central Bank issues commemorative coin
The UAE Central Bank today announced the issuing of a commemorative silver coin on the occasion of the official opening of Oumolat Security Printing. The coin, with a face value of AED50, has the following specifications; diameter: 38.61 mm, weight …
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Dividends expected to drive UAE bourses
even as expectations of good fourth quarter results from banks like Dubai Islamic Bank and Emirates NBD this week could trigger more money in the market from traders, who have been on sidelines for months. The Dubai Financial Market general index started …
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UAE’s Masdar inks deal to invest in Montenegro wind farm
Project financing was secured from the European Bank for Reconstruction and Development … 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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Abu Dhabi Islamic Bank : ADIB to exhibit opportunities for Emirati graduates at Tawdheef 2018
Abu Dhabi Islamic Bank (ADIB) will exhibit the range of fulfilling career opportunities it offers to UAE nationals at Tawdheef 2018. The Abu Dhabi-based bank, which is a Platinum Sponsor of the recruitment fair for a fifth consecutive year, has …
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VAT and other Dirhams at work: Any fears for UAE economy?
Abdullah Al Saleh, undersecretary of the ministry of economy for foreign trade, citing a forecast by the UAE Central Bank, said UAE’s economy is expected to grow at nearly 4% in 2018 helped by more inflows of foreign direct investment (FDI), as well as …
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UPDATE 2-First Abu Dhabi Bank issues $610 mln Formosa bond
DUBAI, Jan 15 (Reuters) – First Abu Dhabi Bank, the largest bank in the United Arab Emirates, has issued a $610 million Formosa bond, it said on Monday, confirming an earlier Reuters report. Formosa bonds are sold in Taiwan by foreign borrowers and are …
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CBB approves Ithmaar’s Dubai listing
Ithmaar owns two wholly-owned subsidiaries: Ithmaar Bank, a Bahrain-based Islamic retail bank, and IB Capital, an investment subsidiary. Ithmaar Bank and IB Capital are both licenced and regulated by the CBB. Ithmaar Bank owns 66.6 per cent of Faysal Bank …
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Emaar says to distribute Dh4bn of dividends from real estate subsidiary IPO
“This was a successful IPO despite [challenging] economic conditions,” Mohamed Alabbar, chairman of the Dubai-based property developer Emaar Properties told a shareholders meeting on Sunday night. Mr Alabbar announced total dividends of Dh3,007,090,330 …
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Banking on China’s global ambitions
And we expect that it will grow over the years.” China has been the largest trading partner of the UAE for the past three years The bank also expects a rise in interest from Chinese-based companies, too, and is ready to serve them. “The large …
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Another price rise for Dubai gold, Dh150.25 for 22 k
Dubai gold prices are Dh160 for 24-karat and 22-karat can … in which it is priced. Meanwhile, hedge funds and money managers raised their net long positions in COMEX gold in the week to Jan. 2, US Commodity Futures Trading Commission (CFTC) data showed …
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2 Tech Entrepreneurs Found Guilty of Manipulating Shares in Startup
Prosecutors also claimed Amanat defrauded investors in a hedge fund, Maiden Capital LLC, that invested in KIT and Enable. The goal, to prop up Enable, didn’t work out. The Dubai-based fund collapsed, as did Maiden Capital. KIT filed for bankruptcy in 2013.
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UAE Ministry of Finance Clarifies Details Surrounding Designated Zones
The Ministry of Finance has clarified the details of Cabinet Decision No. (59) of 2017 on Designated Zones for the purposes of the Federal Decree-Law No. (8) of 2017 on Value Added Tax, explaining that Designated Zones are the areas that meet the …
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2018 will be the year oil markets become balanced, UAE oil minister says
Oil markets still have not completely balanced supply against demand yet but 2018 will be the year when they achieve this, United Arab Emirates’ (UAE) energy and industry minister said Thursday. Speaking to CNBC at the 9th Gulf Intelligence UAE Energy …
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REPORT: Hong Kong, London, and New York have been shortlisted for Saudi Aramco’s $2 trillion IPO
The shortlist means Tokyo, Singapore and Toronto are no longer in the running for what is likely to be the world’s biggest IPO. DUBAI/LONDON (Reuters) – Saudi Arabia has shortlisted New York, London and Hong Kong – singly or in a combination of two or even …
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