Abu Dhabi Securities Exchange – listed firms gained Dh3.3 billion in the first session of the week, capitalising on selective buys of blue chips which drove ADX’s general index to 4141 points, up 0.54 …
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Surprise uptick in Dubai property prices as off-plan sales eclipse resale in April
Dubai property prices recorded a slight unexpected uptick in April as off-plan sales registrations eclipsed resale. According to Property Monitor data, prices in April stood at Dh …
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Abu Dhabi Said to Near Pipeline Stake Sale to GIP-Backed Group
Abu Dhabi’s state-owned energy producer is close to selling a multibillion-dollar stake in its natural gas pipelines to an investor group backed by Global Infrastructure Partners and Brookfield Asset …
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Chinese online grocery firm Dada looks to raise over $280mln in U.S. IPO
Dada Nexus Ltd said on Monday it aims to raise up to $280.5 million in an initial public offering (IPO) that could value the Chinese online grocery firm at over $3.72 billion. The company, whose IPO …
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UAE condemns Israeli plan to annex West Bank lands
The United Arab Emirates on Monday called on Israel to halt a plan to annex parts of the occupied West Bank — joining a long list of Arab nations that have condemned the expected Israeli move. The UAE …
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Bank assets in Abu Dhabi, Dubai hit $788bln in April
Gross assets of banks operating in Abu Dhabi and Dubai have risen to around AED2.897 trillion ($788 billion), by the end of April, accounting for 92 percent of total banking assets in the country, …
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Big 5 construction show in Dubai postponed to September next year
The Big 5 construction show will not be held this year – instead a new set of dates from September 12 to 15, 2021 has been set. This was confirmed by dmg events, the organizer, while the venue remains …
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Wireless Health Market Size 2020 Latest Trends, Industry Share and Top Manufacturers, New Growth Opportunities with Top Performing Regions till 2026
Final Report will add the analysis of the impact of COVID-19 on this industry” Global “Wireless Health Market”report represents an evaluation of theoverall market sizefrom 2020-2026. The research …
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AgriTech Sector Development Team discusses post-Covid-19 plans to advance agricultural technology in the UAE
Dubai: The UAE’s food production landscape post Covid-19 was the topic on the table during the second meeting of the AgriTech Sector Development Team, a newly established team comprising public sector …
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Dubai Customs cancels fines for late Customs Representative Card renewal, cancellation
The decree exempts businesses from late fines related to any government service in Dubai as part of government efforts to boost the national economy, …
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Network International enables UAE businesses transition to ecommerce
Businesses across the UAE are looking to enable their services online, reports Network International, the leading enabler of digital commerce across the Middle East & Africa (MEA). In response to …
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Emirate of Sharjah hires banks for sukuk that could go up to $1 billion
DUBAI, June 1 (Reuters) – Sharjah, the third-largest emirate of the United Arab Emirates, has hired banks to arrange the issuance of seven-year U.S. dollar denominated sukuk, or I …
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Sharjah hires banks for sukuk that could go up to $1bln
DUBAI – Sharjah, the third-largest emirate of the United Arab Emirates, has hired banks to arrange the issuance of seven-year U.S. dollar denominated sukuk, or Islamic bonds, a document showed. HSBC …
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UAE says Israel should back off threat to annex West Bank
A senior United Arab Emirates official said on Monday that any unilateral move by Israel to annex parts of the occupied West Bank would be a serious setback for the Middle East peace process.
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Saudi Central Bank Provides $13.3 Billion to Support Bank Liquidity
The Saudi central bank said it provided 50 billion riyals ($13.3 billion) to support liquidity in the banking sector, according to a statement on twitter on Monday.
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Dubai faces 5.5% recession this year as $10 bln debt repayments loom, BofA says
Dubai could see a recession of around 5.5% in 2020 as it faces about $10 billion in debt maturities this year while revenues are expected to drop in line with the pattern of the 2009 crisis, Bank of …
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CORRECTED-Saudi central bank provides $13.3 bln to support banking sector liquidity
The Saudi central bank said it provided 50 billion riyals ($13.32 billion) to support the banking sector liquidity, according to a statement on twitter on Monday. ($1 = 3.7545 riyals) (Reporting by …
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