As part of its participation in the UAE Innovation Month 2022, and reiterating its excellence in supporting innovation and innovators, the Ministry of Finance (MoF) will organise a programme under the …
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ADNOC, Borealis hiring banks for IPO of plastics joint venture
The largest oil producer in the UAE and its Austrian chemicals partner … Borealis said on Tuesday they’re considering an initial public offering of a minority stake in the business.
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FAQs answered: 2022 guide to buying better stocks, forex, gold, cryptocurrencies
Image Credit: Supplied Dubai: Whether you want to invest for … top cryptocurrencies in terms of investment from the big hedge funds and ETFs. As for the region, the UAE and Bahrain will continue …
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UAE’s robotics start-up Micropolis raises $4m to fuel growth
Dubai-based robotics and autonomous technology start-up Micropolis … It will be used to accelerate commercial production capability, improve research and development activities and finance new …
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World of Web3 Week (WOW) Set to Taking Place on March 12th-18th in Dubai
The speakers include Dr. Marwan Al Zarouni (CEO Blockchain Center UAE), Hoda A.Alkhzaimi (President at Emirates Digital Association for Women), Saeed Aldarmaki (Founder of Sheesha Finance and …
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UAE Digital Bank Zand Wins Franklin, Aditya Birla Backing
Zand, a digital bank helmed by Dubai businessman Mohamed Alabbar, has won the backing of investors such as Franklin Templeton and Aditya Birla Group as it seeks to seize on opportunities thrown up by …
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Empower posts 9.3% revenue growth, plans IPO by Q4
Ahmad bin Shafar, CEO of Empower, said the IPO listing on the Dubai Financial Market is part of Dubai’s efforts to strengthen its stock market and attract more listings amid a growing appetite for …
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ADNOC and Borealis consider IPO for plastics joint venture
DUBAI, Feb 15 (Reuters) – Abu Dhabi National Oil Company (ADNOC) and Austria’s Borealis AG are considering a potential initial public offering (IPO) of their joint venture plastics business Borouge.
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Another ADNOC joint venture – Borouge – could be heading for an IPO
Borealis and ADNOC are JV partners in Abu Dhabi headquartered Borouge Dubai: Another ADNOC subsidiary could soon be heading for an IPO. The Abu Dhabi energy giant along with Borealis is mulling …
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UAE’s digital bank Zand receives fresh funding
in the United Arab Emirates is “imminent,” according to the statement. It didn’t provide financial details of investments. Digital banks have taken off with the spread of finance technology in Middle …
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Turkey’s flag flies high as Erdogan’s Dubai trip marks reset
which positions itself as the UAE’s globally alluring tourism and finance hub. Erdogan was greeted by Dubai ruler and UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum at the emirate’s …
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UAE’s small businesses can be given priority lending support
The UAE’s need to alleviate this problem is clearly … However, apart from recently reinvigorating the Emirates Development Bank and directing it to support SMEs, little else is evident on …
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UAE banks to benefit from planned interest rates increase by US Fed, S&P says
UAE banks are expected to benefit from the planned increase in interest rates by the US Federal Reserve due to higher profitability, according to a report from S&P Global Ratings. The Central Bank of …
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UAE sovereign wealth funds with combined assets of $1.4 trillion top GCC
Abu Dhabi Investment Authority ranked fourth globally witth $697.86 billion Abu Dhabi Investment Authority (ADIA) building. Adia is ranked fourth in the global ranking with an estimated assets of …
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New UAE digital bank Zand wins backing from Franklin Templeton, Aditya Birla
Zand is owned by Mohammed Alabbar and has LuLu Group founder as a key investor Dubai digital bank Zand already had a roster of high-profile investors, including Yussufali of LuLu Group.
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Dubai Islamic Bank lists $750 million Sukuk on Nasdaq Dubai
Image Credit: Supplied Dubai Islamic Bank on Tuesday listed a $750 million Sukuk on Nasdaq Dubai. The new five-year Sukuk issuance is part of the lender’s $7.5 billion Sukuk programme.
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DEWA’s Hassyan plant adds 1.2 GW gas-fired power to Dubai grid
Production capacity of the Hassyan power complex in Dubai has reached 1,200 MW … Vaar Energy to be priced at bottom of IPO range Feb 14 – Eni spin-off Vaar Energy will be listed at the Oslo stock …
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