The IPO is an “opportunity to invest in the future of Dubai as we continue to build iconic freehold master-planned communities,” Emaar chairman Mohamed Alabbar said in the statement. Emaar Development has a clear growth strategy, projects in premium …
( read original story …)
Palestinian youth in UAE treasure a land they have never seen
Dubai: They all share the same hope and have heard similar stories … Coming from Nablus, a place she has only heard about and read in the news, Tamimi recounts the positive things that cross her mind first. “It’s famous for having the authentic …
( read original story …)
Rahul extends form to help UAE wreck Bahrain
He also had bagged four wickets in the semi-final and also claimed five wickets for 19 runs against Midlands University from the UK in the UAE Under-19 warm up match before the tour. Speaking to Gulf News from Malaysia after bagging a total of 20 wickets …
( read original story …)
Dubai Investments Targets Indian Investors for Real Estate Projects
Dubai Investments [DFM: DIC], the leading diversified investments company listed on the Dubai Financial Market, is targeting investors from India for its real estate projects. The company announced this as part of its participation in the 3 rd Dubai …
( read original story …)
Abu Dhabi reveals plan to chase more Indian tourists
As a tourism delegation on a two-city tour to Mumbai and Delhi draws to a close, tourism chiefs revealed that the Abu Dhabi Week in India initiative will become an annual event. According to state news agency WAM, the Department of Culture and Tourism …
( read original story …)
Dubai spends $27m to promote African investment opportunities
Goolam Ballim, Chief Economist at the Africa’s largest financial services provider Standard Bank said Dubai Chamber held the conference to help bridge the information gap between investors and African companies, so they can tap the continent’s massive …
( read original story …)
National Flag Day marked across UAE
Sharjah: National Flag Day was marked across the country today with the UAE flag being hoisted in the sky by members of the UAE community. The occasion, which marks the accession of His Highness Shaikh Khalifa Bin Zayed Al Nahyan to the office of President …
( read original story …)
Dubai forum to focus on making citizens happy
managing director and chief executive officer of Dubai Electricity and Water Authority (Dewa); Ali Al Hameli, director of News Centre at Dubai Media Incorporated; and Dr Ahmad Al Nusseirat, general coordinator of the Dubai Government Excellence Programme.
( read original story …)
Emaar seeking to raise $1.5bn from development unit IPO
Emaar, Emaar Malls and the company’s units in Saudi Arabia and Egypt are already listed. The IPO is an “opportunity to invest in the future of Dubai as we continue to build iconic freehold master-planned communities,” Emaar Chairman Mohamed Alabbar said …
( read original story …)
Emaar to raise up to $1.5bn in IPO of domestic development arm
Dubai property giant Emaar is looking to raise as much as $1.5bn from the initial public offering of its domestic development arm on Thursday. The IPO of Emaar Development opens today, offering 20 per cent of the share capital at an indicative price range …
( read original story …)
Emaar Development expects to raise up to $1.5bn in Dubai IPO
Emaar Development, a unit of Dubai property firm Emaar Properties, has set an indicative price range for its initial public offering, which would value the deal at Dhs5.52bn ($1.5bn) at the top end of the range. This is the first major listing in Dubai …
( read original story …)
Emaar Development IPO seeks up to $1.5 bln in first major Dubai listing in 3 years
DUBAI, Nov 2 (Reuters) – Dubai’s Emaar Properties is looking to raise as much as $1.5 billion from the sale of shares in its development unit in Dubai’s first major listing since 2014. The assets of Emaar Development include 49 units in Dubai’s Burj …
( read original story …)
MIDEAST STOCKS-Gulf subdued, Emaar Properties edges up after unit’s IPO pricing
Proceeds of the IPO, and possibly other funds, are expected to be paid to Emaar Properties shareholders as a special dividend by the end of January. Fund managers and analysts said the price range appeared reasonable given Dubai’s sluggish real estate …
( read original story …)
Hackers move beyond banking to target cryptocurrency: study
Illustrating the fact that the traditional financial industry is also not safe, in the past few weeks, Group-IB has found that 228 bank accounts and nearly 2,000 credit cards have been compromised in the UAE alone, and an additional 5,738 account details …
( read original story …)
UAE Central Bank Governor Warns Against Use of Cryptocurrencies as a Medium of Payment
United Arab Emirates (UAE) Central Bank Governor Mubarak Rashid al-Mansouri has issued a warning to the public against the use of virtual currencies as a medium of exchange due to the lack of control. United Arab Emirates (UAE) Central Bank Governor …
( read original story …)
Creating the dubai tourism experience
Ahmad AlFalasi, CEO corporate services and investment, Department of Tourism & Commerce Marketing, said that the tourism sector has been an early adopter of technology in many different areas, and that Dubai Tourism aims to support the changing demands of …
( read original story …)
New law allows Dubai’s non-Muslims to write wills
Non-Muslims living in Dubai will be able to create a will under new laws issued by Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, UAE Vice President and Prime Minister. The law, which is applicable to the wills and assets of non-Muslims based in …
( read original story …)