Dubai’s Tecom Group, a member of the Dubai Holding group, has announced its intent to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial …
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After DEWA, Dubai’s next big IPO – Tecom Group – is all set to open June 16
Tecom IPO to offer 12.5% stake as Dubai eyes another heavy subscription rush Dubai: The second of Dubai’s blue-chip IPOs is all set to get cracking – Tecom Group will offer a 12.5 per cent stake …
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UAE, Egypt, Jordan central banks to strengthen cooperation in financial sector
The central bank governors from the UAE, Egypt and Jordan held a meeting in Abu Dhabi to further strengthen cooperation in the financial sector. Khaled Mohamed Balama, Governor of the Central Bank of …
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UAE, Egypt and Jordan central bank governors discuss economic partnership
CBUAE signs a MOU with Jordan and Egypt to promote financial and banking relations Abu Dhabi: Central Bank governors of the UAE, Egypt and Jordan met on Tuesday to discuss opportunities for …
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UAE central bank expects real GDP growth to reach 4.2% next year – state news agency
The United Arab Emirates central bank said on Wednesday it expects real GDP growth to reach 4.2% next year, up from its earlier forecast of 3.3%, state news agency (WAM) reported. The central bank had …
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UAE, Egypt and Jordan central bank governors meet to discuss economic partnership
It is the latest development after the three nations announced their Industrial Partnership for Sustainable Economic Growth last month UAE, Egypt and Jordan central bank governors meet to discuss …
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$8 billion IPO for KFC and Pizza Hut operator across Middle East and North Africa hots up
New York-based Morgan Stanley is to work on the IPO of Americana, which counts Dubai’s Mohamed Alabbar and Saudi’s PIF among its backers.
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Indian rupee steady at 21.15/Dh after central bank hikes interest rate by 50 basis points
UAE’s Indian expats had been cashing in after Indian Rs dropped below 21 on May 9 Dubai: The Indian rupee is holding steady at 21.15 to the dirham early on Wednesday (June 8) after the Reserve Bank of …
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UAE, Jordan and Egypt central banks sign agreements for financial co-operation
The Central Bank of the UAE has signed preliminary agreements with Jordan and Egypt’s banking regulators to enhance financial and banking co-operation, after the recent industrial partnership between …
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Gupta brothers arrest: UAE will not stop combatting illicit finance, says minister
is the latest example of our commitment and sustained efforts to combat illicit finance. “I am thankful to the UAE authorities who have led this case with expert skill and compiled the requisite …
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CBUAE signs a MOU with Jordan and Egypt to promote financial and banking relations
Central Bank governors from the UAE, Egypt and Jordan discuss prospects for developing co-operation and supporting industrial partnerships …
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UAE: Indian-origin brothers held in Dubai
Dubai: Dubai Police have arrested Atul and Rajesh Gupta, who are wanted in South Africa over money laundering and criminal charges, the Khaleej Times reported on Tuesday.
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Explained: The many crimes of South Africa’s wealthy Gupta brothers arrested in the UAE
Former finance minister Pravin Gordhan was among those who were … After their arrest, a statement from Dubai Police said the two men were being held “in connection with money laundering and criminal …
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Banking on entrepreneurship
Dubai leads in transformation of education system and promoting entrepreneurship learning through future-ready syllabus and courses that will help ease pressure on …
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EFG Hermes completes advisory on $323 million private placement ahead of the IPO of Ali Alghanim and Sons Automotive Company on Boursa Kuwait
Driven by pent up demand, the private placement was oversubscribed about 11 times Ali Alghanim and Sons Automotive Company, an official distributor of coveted vehicle brands in Kuwait, Egypt, and Iraq …
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Dubai Police Arrest Brothers Wanted By South Africa For Money Laundering
The Dubai Police have arrested Atul and Rajesh Gupta, who are wanted in South Africa over money laundering and criminal charges. The police said the brothers are among South Africa’s“most wanted …
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UAE economy’s growth for this year upgraded to 5.4 percent by Central Bank
It should also grow another 4.2 percent in 2023 as growth momentum continues, predicts the banking regulator UAE economy’s growth for this year upgraded to 5.4 percent by Central Bank CBUAE, Central …
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