LONDON/DUBAI, April 11 (Reuters) – Saudi Arabia and international … aiming to get a valuation of up to $2 trillion in what could be the world’s biggest initial public offering (IPO). Chevron, BP, Aramco and Eni declined to comment on talks.
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Twenty-Eight Agreements Between Government Departments and Innovative Companies: Dubai Future Accelerators Concludes 2nd Round
Twelve entities took part in the successful second round of the DFA program, which connects emerging technology companies with Dubai government bodies to test new approaches at the city- scale. The Dubai Electricity and Water Authority (DEWA) signed an MoU …
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How Dubai’s coffee entrepreneurs are supporting sustainable farming
Vision talks to the founders of the UAE’s first roastery about their special journey into the heart of Myanmar to export the first batch of specialty coffee available outside the US Burn the MBA handbook, for lack of business experience does not preclude …
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UAE's Aster DM Healthcare agrees $295 million loan with Axis Bank
DUBAI (Reuters) – United Arab Emirates-based Aster DM Healthcare has agreed a $295 million credit facility with India’s Axis Bank, the healthcare company said in a statement. Aster had a $276 million loan outstanding with a consortium of eight banks, and …
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UAE debtors on the tough road to solvency
Derek, who did not want to reveal his full name, is in a similar position to Mr Nair; he needs credit but cannot borrow because of poor UAE financial history. The Briton, a married father-of-two and resident here for seven years, bounced a Dh155,000 …
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Banking giant launches UAE video, chat services
Standard Chartered Bank announced on Tuesday the launch of its video and chat banking service for clients in the UAE, a first for an international bank. The launch follows the successful roll-out of the service in Malaysia, Singapore, Taiwan in 2016 and …
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Dubai demands compulsory registration of private drones
The Dubai Civil Aviation Authority on Tuesday said it will implement compulsory registration of privately-used drones to ensure safety zones. Michael Rudolph, head of the authority’s Airspace Safety Section, said that with the increase of drone …
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Abu Dhabi Securities Exchange Chief is Big on Blockchain
The deployment of blockchain technology is very much on the agenda of the Abu Dhabi Securities Exchange, revealed chief executive Rasheed Al Blooshi. The Abu Dhabi Securities Exchange (ADX) will look to deploy blockchain technology, the innovation powering …
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Dubai Islamic Bank 1st Quarter 2017 Net Profit reaches AED 1.042 Billion
Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first quarter results for the period ended March 31, 2017. 1 st Quarter Results Highlights: Sustained …
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Dubai business conditions at best in two years, study says
A gauge of the Dubai economy says the emirate’s business conditions improved in March amid gains in output, new orders and employment. The latest Emirates NBD Dubai Economy Tracker says that the wholesale and retail, travel and tourism and construction …
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Aramco board to meet in Shanghai as it seeks Chinese investors for IPO
DUBAI, April 10 (Reuters) – Saudi Aramco’s board will meet in … Aramco has appointed international banks with access to Chinese investors to advise on the initial public offering (IPO) . The issue of Aramco’s IPO and a potential role for Chinese …
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Emirates NBD Capital caps UAE’s first IPO in 2017
The IPO was Dubai’s first since Dubai Parks & Resorts floated in December 2014, a transaction on which EMCAP was also Joint Global Coordinator and Joint Bookrunner. ENBD REIT’s offer was well over-subscribed with commitments from a mix of investors …
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UAE banks on its youth: Mohammad Bin Rashid
Abu Dhabi: The UAE is leading regional and international efforts in clean and renewable energy and building future generations, said His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
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Etisalat, Miral to offer public WiFi on Yas Island
Etisalat and Miral have entered into a partnership to develop and promote Yas Island with public WiFi. The service will be available to both UAE residents and tourists with international mobile numbers, and accessed through the ‘UAE WiFi by Etisalat …
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Three UAE banks to disclose financial statements for Q1 2017 this week
Three UAE banks have announced plans to declare this week their financial data for the first quarter of the year 2017. The declaration, made by the Dubai Islamic Bank, Mashreq Bank and Union National Bank, listed on ADX, comes in line with the directives …
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MIDEAST STOCKS-Abu Dhabi's TAQA rises, most other shares flat
DUBAI, April 10 Shares of Abu Dhabi National Energy jumped ahead of most other shares in the region in early trade on Monday as last week’s news that the company may have turned a corner attracted buyers. Abu Dhabi National Energy jumped 3.4 percent …
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Why Has the UAE Excluded Artists From Its Abu Dhabi ‘Culture Summit’?
On Monday, a ‘Culture Summit’ in Abu Dhabi focusing on the United Arab Emirates has chosen … Cheat SheetA speedy, smart summary of all the news you need to know (and nothing you don’t). Internationally renowned figures like Ebtisam Abdulaziz …
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