Banks and other financial institutions operating in the UAE have been instructed to search for and freeze any accounts or deposits or investments held by individuals or entities designated as terrorists or terrorist organisations stated on Thursday’s …
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Qatar central bank asks for forex data as capital outflows pressure riyal
DUBAI/DOHA Qatar’s central bank has asked commercial banks to provide it with detailed information on foreign exchange trading, banking sources told Reuters on Thursday as Doha’s diplomatic rift with other Gulf states put its currency under pressure.
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Emaar to launch IPO of real estate development business by November: Al Arabiya TV
DUBAI Dubai-based Emaar Properties EMAR.DU plans to launch the initial public offering (IPO) of its real estate development business by November, Emaar’s chairman Mohamed Alabbar told Al Arabiya TV on Thursday. Emaar, whose interests span hotels …
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Qatar debt rating downgraded by S&P as riyal hits 11-year low
DUBAI Standard & Poor’s downgraded Qatar’s debt on Wednesday as the riyal currency fell to an 11-year low amid signs that portfolio investment funds were flowing out of … which banks use to hedge against the risk of future moves in the spot rate, the …
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Terrorist financing at heart of Qatar crisis, says UAE minister
DUBAI Financial support for jihadists across the Middle East lies at the heart of Arab powers’ row with neighboring Qatar, an Emirati minister said on Wednesday, identifying three individuals his government wanted Doha to rein in. Saudi Arabia, Egypt …
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Emaar to offer 30 percent realty business in IPO on DFM
Significant gain seen for Emaar Properties shareholders as the global real estate company on Wednesday announced plans to list its UAE Real Estate development business on the Dubai Financial Market (DFM). The IPO will be the largest since the Emaar Malls …
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Emaar to IPO real estate business in Dubai
RELATED ARTICLES: Emaar launches virtual tours of its hotels in Dubai | Video: Emaar’s The Tower completes excavation work | Dubai Ruler visits Emaar’s The Tower ahead of pile capping Emaar Properties has announced plans to list its UAE Real Estate …
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Qatar banks dealt financing blow as Saudi-led alliance cuts ties
DUBAI: Qatari banks, already stretched by financing demands … chief investment officer of emerging market hedge fund Capricorn Fund Managers Ltd. “If it lasts more than a few days we are likely to see rapid increases in risk pricing.”
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Man cleared of embezzling Dh4m from Finance Ministry
Dubai: An accountant has been cleared of committing electronic fraud and embezzling Dh4 million from the UAE’s Finance Ministry after forging 453 e-dirham transactions. The 30-year-old Sudanese accountant, who worked for an outsourced company that deals …
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Emaar to IPO real estate development business in Dubai
DUBAI Emaar Properties EMAR.DU, the builder of the world’s tallest tower, plans to offer up to 30 percent of its United Arab Emirates real estate development business in what would be the first listing on the Dubai exchange in two and a half years.
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Emaar Properties UAE Real Estate IPO
… be the largest since the Emaar Malls IPO in 2014. Subject to market conditions, the company will offer up to 30 percent of Emaar’s UAE Real Estate Development business through a share offering on the Dubai Financial Market, DFM. The funds raised …
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Qatar stabilises on valuations, Dubai’s Emaar jumps on unit’s IPO plan
DUBAI, June 7 (Reuters) – Qatari shares that are members of global emerging market benchmarks helped stabilise the bourse in early trade on Wednesday, while Dubai’s Emaar Properties jumped on news it will launch an initial public offering of its local real …
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MIDEAST STOCKS-Qatar stabilises on valuations, Dubai’s Emaar jumps on unit’s IPO plan
DUBAI, June 7 Qatari shares that are members of global emerging market benchmarks helped stabilise the bourse in early trade on Wednesday, while Dubai’s Emaar Properties jumped on news it will launch an initial public offering of its local real estate unit.
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Payments in UAE banking system normal, c.bank says after Qatar rift
DUBAI, June 7 Payment and remittance transactions in the United Arab Emirates financial system are operating as normal, the central bank said on Wednesday after the UAE’s diplomatic rift with Qatar caused uncertainty over some banking deals. The UAE …
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Payments in UAE banking system normal, central bank says after Qatar rift
DUBAI Payment and remittance transactions in the United Arab Emirates financial system are operating as normal, the central bank said on Wednesday after the UAE’s diplomatic rift with Qatar caused uncertainty over some banking deals. The UAE financial …
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Arab nations risk gas insecurity over rift with Qatar
The UAE, which also cut ties with Qatar … In the past, gas imports were a political non-starter, but the emergence of the Saudi Aramco IPO appears to be changing this position. Heretofore, global gas trade had been the stronghold of Qatar.
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Qatari riyal under pressure as Saudi, UAE banks delay Qatar deals
DUBAI/DOHA The Qatari currency came under pressure on Tuesday as Gulf commercial banks began to hold off on dealing with Qatari banks because of the diplomatic rift in the region, banking sources told Reuters. Some Saudi Arabian, United Arab Emirates and …
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