India’s $2.7 billion initial public offering of insurance giant LIC was oversubscribed by Thursday, exchange data showed, as small investors bid enthusiastically for the country’s biggest IPO to date.
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Arabian Travel Market to open next week in Dubai
Industry professionals will have the opportunity to meet and discuss the latest trends from a cross-section of travel, including technology, transport, sustainability, events and business.
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Dubai one of the most livable expat cities in the world, expert says
In the InterNations study’s ‘Finance and housing’ index, Dubai received mixed results. Of those surveyed, 86 per cent said it’s easy to find housing in the emirate, however 41 per cent consider it …
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UAE Central Bank increases interest rate: How will it affect residents?
In line with the US Federal Reserve’s move, the Central Bank of the by 50 basis points to 2.25 per cent effective from Thursday. Twelve major central banks of emerging and developed markets raised …
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Why API technology is key to tackling financial crime in the UAE
While the UAE’s push to tackle financial crime focuses on regulation, it also provides an opportunity for banks to digitalise and improve their offerings such as adopting APIs that support compliance …
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LIC IPO Live Updates: Second day of bidding set to begin as Day 1 sees employees portion fully subscribed, retail portion booked 60%
It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom. Considering the large scale of operations built over last six …
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UAE Central Bank follows US Fed move to raise base rates by 50 points in effort to curb surging inflation
Following the US Federal Reserve’s move to raise rates for the second time this year, the Central Bank of the UAE (CBUAE) has also decided to raise the base rate applicable to the overnight deposit …
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UAE Central Bank raises base rate by 50 basis points
ABU DHABI: The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 basis points, effective from Thursday, May 5, 2022.
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UAE Central Bank increases base rate
The Central Bank of the UAE (CBUAE) announced Wednesday that it would raise its base rates by 50 BPS, following an announcement by the US Federal Reserve. Meanwhile, the Central Bank of Kuwait raised …
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UAE-India Cepa deal will be a gamechanger in trade ties, businessmen say
Ali Rao, CEO of Elixir, an investment conglomerate in Dubai, called the agreement a milestone because of the huge impact it is set to have on trade and finance in the region. “Cepa is expected to …
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DEWA raises $6.1bn to become UAE’s largest IPO
The Dubai Electricity and Water Authority (DEWA) has set the final offer price for its IPO at AED2.48 per share and has marked the completion of the book building and subscription process for its …
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Dubai: Man uses social media to lure victim, robs him of over Dh66,000
The accused continued to attack him until he gave them the pin of his bank card. Once he gave in to their demands, they handcuffed him and left the apartment. After a few hours, they returned to the …
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Dubai’s virtual assets regulator becomes world’s first authority to enter the metaverse
finance, professional services, lifestyle, entertainment and fast-moving consumer goods to enable economic freedom in the metaverse, the statement said. “Dubai views the virtual asset industry as the …
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Hedge Funds Plan to Increase Data Services’ Outsourcing
A global survey of quant fund managers who collectively oversee $1.2 trillion in assets under management shows that 73% of managers have already increased their level of outsourcing of data services …
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LIC’s $2.7-billion IPO set to be the fifth-biggest globally in CY22
while Chinese mobile communications provider China Mobile IPO, which raised $8.6 billion, comes second. Dubai Electricity and Water Authority’s (DEWA’s) $6.1-billion IPO in March is currently the …
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Dubai real estate retains its appeal
Dubai’s real estate market recorded a total of 25,972 real … sales transactions compared to March 2021 and a 109 per cent increase in sales value. The IPO of India’s biggest insurer, Life Insurance …
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DIFC-Based Tarabut Gateway Becomes The First Regulated Open Banking Platform In The UAE After DFSA Grants Licence
There is a huge potential for Open Banking across the UAE and the region, and it is the commitment from regulators and authorities that helps companies like ours take those initial steps.
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