Islamic finance and wealth management industry faced the dual shocks of adjusting to the pandemic and historically low oil prices in 2020. While the industry slowed down during …
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Five common types of bank fraud in the UAE
Here’s how some of the latest scams have played out in the UAE over recent months and how to handle them. In all cases, if you’ve shared any confidential financial information, immediately report your …
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UAE’s real estate, precious metals and stones business to face stringent anti-money laundering scrutiny
Dubai: Banks and licensed financial institutions (LFIs) providing financial services to real estate, precious metals and stones businesses are required to specifically assess money laundering and …
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Dubai Chamber of Commerce and Industry Restructured As Three Separate Entities To Support The City’s Ambitions As A Global Business Hub
A new board of directors has also been established for Dubai Chambers, which was recently approved by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler …
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Aafaq Islamic Finance honours corporate clients again
E: Aafaq Islamic Finance, a leading institution in the financial sector that provides Shariah-compliant financial products and services across the UAE …
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KT edit: UAE is on course to be global trade hub
A recent report by global real estate consultancy Knight Frank testifies the fact that high-end properties with a value of over $10 million are in great demand.
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Mubadala-owned Yahsat’s IPO book fully covered -sources
Abu Dhabi satellite company Yahsat has attracted enough investor demand to cover the order book for its initial public offering, sources told Reuters on Tuesday, as the company looks to raise as much …
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UAE Central Bank Introduces New Anti-Money Laundering Guidance
The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combating the financing of terrorism for its licensed nstitut …
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ADIB Becomes First UAE Bank To Establish An On-site Nursery For The Children Of Employees To Promote Work-life Balance
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, today inaugurated its on-site nursery that aims to provide quality nursery services for …
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Saudi Telecom Co gets approval for planned IPO of unit
Saudi Telecom Co (STC) (7010.SE) said on Tuesday the kingdom’s stock market regulator had approved the planned initial public offering of its subsidiary, Solutions by STC.
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UAE boosts start-up ecosystem
The UAE’s start-up ecosystem, acclaimed to be among the world’s most sought-after, received a major fillip on Monday with the launch of a spate of game-changing initiatives, including a “Skill-up …
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Satcom Yahsat sets offer price range for Abu Dhabi IPO
Al Yah Satellite Communications (AlYahsat), a satellite communications company in Abu Dhabi, has set an indicative price range for its initial public offering which shows it could raise up to 2.976 …
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CBD To Provide Digital Banking For DMCC-Licensed SMBs In UAE
The Commercial Bank of Dubai (CBD) has formed a partnership with the Dubai Multi Commodities Centre to support business owners and promote entrepreneurship.
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Yahsat targets $810m in IPO
Abu Dhabi’s Al Yah Satellite Communications (which trades as Yahsat) has set its indicative price range for its Initial Public Offering (IPO), and which shows …
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Yahsat sets offer price range for IPO and opens subscription period
UAE-based satellite operator Yahsat has announced the opening of the subscription period for the initial public offering (IPO) of part of its existing shares on 27 June, which will continue until 06 …
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Saudi’s Tanmiah Food Co. launches order book ahead of IPO
As part of the IPO, 6mln ordinary shares will be offered to institutional investors, representing 30% of the share capital of the company, with the price set between $15.73 to $17.87 per share …
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Apax Partners-promoted Healthium Medtech planning $300 mn to $400 million IPO at $1 billion valuation; picks four I-bankers
The stock of Healthium Medtech’s listed rival Poly Medicure has nearly doubled in the last six months, even as the latter raised Rs 400 crores via a QIP in February. Mysuru based medical equipment mak …
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