The IPO was recently listed on the Egyptian Exchange … Read: EFG Hermes advises TPG’s Evercare Group on $72.4m IDC deal Earlier this week, UAE lender First Abu Dhabi Bank made a non-binding …
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UAE ranks first in Global Entrepreneurship Index 2022
The UAE was the only country in the world participating in the report that achieved sufficient score or more on all axes such as Entrepreneurial Finance; Ease of Access to Entrepreneurial Finance; …
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EFG Hermes completes advisory on Macro Group’s $82mln IPO
EFG Hermes’ investment banking division acted as the sole global coordinator and joint bookrunner for the IPO. Last year, the division served as joint bookrunner on the listings of UAE companies …
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UAE ranks 1st in Global Entrepreneurship Index 2022
The UAE was the only country in the world participating in the report that achieved sufficient score or more on all axes such as Entrepreneurial Finance; Ease of Access to Entrepreneurial Finance; …
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UAE fintech Pyypl raises $11mln from family offices, HNWIs
UAE fintech Pyypl has raised $11 million in Series A funding … s two billion-strong population has high smartphone adoption rate, but that access to finance services had not kept up: “Despite this, …
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UAE leadership keen on providing decent living standards to citizens: Hamdan bin Zayed
Present were Sheikh Sultan bin Hamdan bin Zayed Al Nahyan, UAE Ambassador to Bahrain, Sheikh Shakhbout bin Nahyan bin Mubarak Al Nahyan, Minister of State, Jassim Mohammed Buatabh Al Zaabi, Chairman …
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Five steps to help your business prepare for the UAE’s new corporate tax
As the dust settles following the announcement by the UAE’s Ministry of Finance that a federal corporate tax will be introduced, the onus is on businesses in the UAE to ensure they are tax ready …
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UAE’s FAB seeks to buy Egypt’s top investment bank EFG Hermes
First Abu Dhabi Bank , the UAE’s biggest lender, is in talks to buy Egyptian bank EFG Hermes , which has a market value of over $970 million, two sources with knowledge of the matter said.
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Dubai engineer at 23, boss of a fire safety business at 33: An Indian expat’s tale
“My first job in Dubai was at a swimming pool construction … And if you need to take a bank loan for whatever reason, repaying that should be your priority. It was basically to reduce …
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Abu Dhabi crypto firm Hayvn in talks for series B funding, eyes IPO
DUBAI (Reuters) – Abu Dhabi-based crypto trading … it at $400 million as it eyes an eventual initial public offering (IPO), its chief executive officer said. Hayvn, which raised $5 million …
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Middle Eastern Tech-Pioneer, ICICB, Records Inflamed Profits Amidst the Launch of its Revolutionary Smart Solution
DUBAI, UNITED ARAB EMIRATES / ACCESSWIRE / February 9, 2022 / The contemporary world, in which we live, is evolving at an accelerated pace. Deficiencies …
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Top UAE Lender First Abu Dhabi Bank Offers to Buy EFG Hermes
First Abu Dhabi Bank PJSC made an offer to buy a majority stake in EFG Hermes, in what’s likely to be the biggest acquisition yet in Egypt by the UAE’s largest lender.Most Read from BloombergAmazon Is …
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UAE Blames Gas Cylinder as New Blast Prompts Attack Fears
The United Arab Emirates said a blast that rocked the capital overnight was caused by an exploding gas cylinder and warned the public not to spread rumors amid heightened fears following a series of …
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Postpay partners with the Commercial Bank of Dubai
Commercial Bank of Dubai (CBD) one of the leading banks in the UAE has approved a debt financing deal with Postpay, a omni-channel …
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Dubai Islamic Bank prices $750 million senior sukuk at 2.74%
Investor demand was strong with an orderbook that was more than 2.5 times oversubscribed Dubai Islamic Bank (DIB) priced its $750 million 5-year sukuk issue with a profit rate of 2.74 per cent per …
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The Debt Panel: ‘Can I pay my UAE loan off from my home country?’
I have been living in the UAE for the past seven years and lost my job in 2021. I haven’t been able to find another one and my savings are almost gone. I have cut down on my day-to-day living expenses …
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UAE making ‘step change’ in fight against financial crime, says Sheikh Abdullah bin Zayed
While the UAE represents a tiny proportion of this huge global sum, Sheikh Abdullah said “illicit finance poses a threat to the UAE’s international reputation and to the integrity of our world-leading …
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