The petrochemical firm’s offering was oversubscribed by 42 percent and showcased the highest subscription levels by UAE retail investors in a local IPO in almost two decades Borouge becomes largest …
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UAE: Adnoc delivers fourth consecutive record-setting IPO on ADX
Shares began trading at Dh2.45, implying a market capitalisation for the company of $20.05 billion at the time of listing …
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EFG Hermes concludes role as joint bookrunner on USD 2bln IPO
The transaction highlights the UAE’s efforts and commitment to engage global investors and further bolster the nation’s capital markets …
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How Decentralized Finance Supports Dubai’s Crypto Economy
Marcello Mari looks at the factors on why decentralized finance (DeFi) is popular in Dubai’s growing crypto ecosystem.
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Islamic bank opens new branch in CBD in expansion drive
Dubai Islamic Bank Kenya (DIB) has opened a branch in Nairobi’s Central Business District (CBD), the lender’s sixth branch in Kenya. DIB, which exclusively offers Sharia-compliant banking, has …
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Abu Dhabi’s ADGM joins single-use plastic ban in the UAE capital to boost a sustainable economy
ADGM will distribute re-usable tote bags to encourage its community to use sustainable alternatives Abu Dhabi’s ADGM joins single-use plastic ban in the UAE capital to boost a sustainable economy Abu …
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UAE consumers get comfortable with digital wallets – more than 50% may already have paid this way
While digital wallets are popular among young, it is also gaining among other age groups Dubai: After the great shift to online shopping of 2020, UAE consumers are now taking to another digital habit …
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Al Etihad Credit Bureau and Tradeling combine their efforts to offer businesses in the UAE better credit facilities
Tradeling will steadily provide borrowing and trade credit data to Al Etihad Credit Bureau as a non-financial institution; Dubai, UAE: Al Etihad Credit Bureau (AECB) signs an agre …
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Russian oligarch’s $300 million superyacht is hiding in plain sight in UAE’s neutral waters to avoid sanctions
The United Arab Emirates has been publicly neutral over the war in Ukraine and offered Russian oligarchs the possibility of obtaining golden visas.
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How startups and SMEs remain ‘key players’ in the UAE’s 50-year transition to a ‘new economy’
SMEs represent 94 percent of the companies and institutions operating in the UAE and contribute more than 50 percent to the country’s GDP How startups and SMEs remain ‘key players’ in the UAE’s …
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The UAE and Israel Have High Hopes for Their Historic Trade Deal. Experts Are Skeptical
Experts say the trade deal is part of an Emirati strategy to deepen ties with Israel to hedge against Iran, a shared foe.
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Sheikh Maktoum bin Mohammed and HSBC chairman discuss bank’s expansion plans
Sheikh Maktoum bin Mohammed, Deputy Prime Minister, Minister of Finance and Deputy Ruler of Dubai and the Chairman of HSBC Holdings, discussed the global banking conglomerate’s plans to expand its …
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UAE’s Gulf Islamic Investments acquires digital bank from Mubadala
The bank was set up in 2018 by Mubadala as the world’s first digitally enabled trade bank, in collaboration with AGTB Holdings Li …
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Borouge’s $2bn Abu Dhabi IPO draws $83bn of orders
The United Arab Emirates’ main oil company and Borealis raised $2bn in the initial public offering of their chemicals joint venture, drawing $83bn of orders in the latest sign of strong demand for …
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UAE jobs: which sectors are hiring new graduates in 2022?
The UAE’s advertising/marketing/public relations industry is hiring the highest number of fresh graduates, a new survey reveals. Twenty-four per cent of fresh graduates in the Emirates said this …
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UAE increases fuel prices, a litre now costs over Dhs4
The UAE energy ministry significantly raised the prices of petrol and diesel for the month of June, taking effect on June. 1 As the prices of all types of fuel exceeded the Dhs3 in the UAE. These …
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UAE: Mohamed bin Zayed lauds ADNOC’s youth empowerment efforts
President receives ADNOC team accompanied by Dr. Sultan bin Ahmed Al Jaber Abu Dhabi: President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday received the Abu Dhabi National Oil Company …
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