Initial public offerings in the Middle East are outpacing Europe for only the second time since the global financial crisis, as regional investors put oil-fueled cash piles to work. IPOs from Riyadh …
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UAE President issues federal law to maintain balance in 2022 general budget
The United Arab Emirates President Sheikh Khalifa bin Zayed Al Nahyan issued a federal law allowing the use of foreign reserves and international debt instruments to maintain balance in the UAE’s 2022 …
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Why Is Everything Big Is Better In Uae?
UAE residents who grow more well generally are mainly tod the government has invested in the services that people rely on. There is a vast difference in opinions among residents of the UAE regarding …
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United Arab Emirates Gems & Jewelry Market Report 2022: Historical Data 2017-2020, Base year of 2021, Estimates for 2022, & Forecasts 2023-2027
The “UAE Gems & Jewelry Market, By Type (Gold, Diamond, Gemstones, Silver and Others), By Distribution Channel (Jewelry Showrooms, Company Exclusive Showrooms and Online), By Organized Vs. Unorganized …
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Americana in early talks to list on Saudi or UAE stock exchange: Report
Logo of Americana Group Americana Group has held early-stage talks with advisors over a potential listing in the UAE or Saudi Arabia, or a du …
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Al Maryah Community Bank enables investors to obtain DFM investor number and participate in digital IPO opportunities
Abu Dhabi – Al Maryah Community Bank announced the launch of its new digital service for issuing an investor number in the Dubai Financial Market (DFM) through its application Mbank UAE, whereby new …
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Dubai’s DFM Company shareholders approve 3% cash dividend for 2021
The AGM also approved the sale of treasury shares amounting to 4,236,831 shares previously allocated to the company at the time of its IPO for employees’ stock option program and authorised the board …
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Wall Street Is Scrambling For the Exits in Moscow — and Billions Are at Stake
A dozen lenders including Raiffeisen Bank, Societe Generale and Citigroup have about $100 billion of combined exposure to Russia …
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UAE businesses have some balancing to do as bank loans start to rise with US rate hikes
US Fed signals higher and faster rate hikes – what should UAE businesses do? Dubai: The US Federal Reserve is hinting at sharper increases in interest rates and which will have direct impact on …
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Citigroup expects sharp increase in UAE and Mena business amid economic recovery
The bank’s business recorded a “steady” growth in the UAE in the past five years, as the Arab world’s second-biggest economy continued to follow and deliver on its economic growth agenda. “Typically …
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Super Tuesday for real estate in Dubai sees AED1.9bn worth of property deals in a single day
Hundreds of property deals completed in a single day pushed the amount of real estate transactions to nearly touch AED2 billion in Dubai on Tuesday.
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What Is Uae Capital Account Balance?
Bank of the United Arab Emirates (BoP) capital and financial account data was 78 th (). By 2020, the world’s economy will grow by $500 billion. Prior to this, the number was -90. The planned budget …
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Tender offer issued: UAE investor seeks to acquire 51pc stake of Summit Bank
KARACHI: Nasser Abdulla Hussain Lootah, a Dubai-based businessman, has released tender offer to acquire at least …
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Dubai’s KYC blockchain consortium is credit positive for UAE banks
Abu Dhabi Commercial Bank and Commercial Bank of Dubai. These banks together held around 44 percent of total banking assets in the UAE as of June 2019. Ali Ibrahim, Deputy Director General of Dubai …
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What the UAE’s decision on listing co-ops will mean for the market
RELATED: UAE Cabinet approves use of crowdfunding for public and private sectors The UAE’s decision to permit the listing of co-operative societies on the country’s capital markets will widen the pool …
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UAE to revise service fee structures across ministries and federal bodies
The UAE’s Ministry of Finance is revising the service fee structures across all ministries and federal bodies with the aim of boosting the business environment, bolstering the economy and attracting …
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UBF’s CEOs’ council discusses latest developments on banking fronts
UAE Banks Federation’s CEOs’ Advisory Council held on Tuesday its first meeting of the year 2022, with all Council members joining in virtually. Reflecting the tight collaboration that exists between …
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