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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Nahdi Medical Co trades up 15% after IPO
Saudi pharmacy chain Nahdi has started trading on the Tadawul following the largest IPO in the Kingdom since December 2019 …
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Plastics venture Borouge meets potential IPO investors, bankers say
DUBAI, March 22 (Reuters) – Borouge, a plastics joint venture between Abu Dhabi National Oil Co (ADNOC) and Austria’s Borealis, held its first meetings with investors to gauge interest in its planned …
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Dubai cashes in as Russian bankers move to the Gulf
Dubai warms to Moscow’s money while the UK’s relationship with the city state chills in the wake of Putin’s war …
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DEWA IPO: Retail investor interest for mega-IPO already at a peak ahead of Mar. 24 opening
Dubai: Participating banks in the UAE are all set to hit the ‘Send’ button releasing funds that would allow their accountholders to subscribe to the DEWA IPO, which opens Marc …
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