Dubai-based fintech Tarabut Gateway is working with four major Saudi banks as the kingdom approaches the launch of open banking. The DIFC-based platform said it has been selected by Riyad Bank, Saudi …
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Dubai Chambers, Citi Sign MoU to Boost Cooperation and Business Competitiveness
Dubai Chambers recently signed a memorandum of understanding (MoU) with Citi UAE to enhance cooperation and coordination to serve common goals, boost co …
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Abu Dhabi’s Borouge draws $80bln in demand for its IPO: sources
DUBAI: Abu Dhabi-based petrochemicals company Borouge has attracted demand of $80 billion for its initial public offering, two sources told Reuters, as retail investors snapped up shares despite …
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Emirates Development Bank Highlights Growth-Focused Financing Solutions at MEA Finance Banking Technology Summit 2022
Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has participated i …
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UAE’s Utico hires banks to advise on potential IPO
UAE-based utility Utico has hired banks including Goldman Sachs, HSBC Holdings and Standard Chartered to advise on a potential IPO in Dubai this year, joining a steady stream of companies tapping the …
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Nearly 90% think UAE bank account opening is too complicated
Identity proofing platform IDnow and YouGov research finds UAE residents are frustrated by bank account applications.
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Almost 90 percent of UAE bank customers find opening account too complicated
IDnow survey also indicated 82 percent unhappy with having to physically go to a branch versus digitally opening an account Almost 90 percent of UAE bank customers find opening account too complicated …
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UAE jobs: Marketing and banking hires score most with new graduates
Many new entrants into job market still find work experience counting against them Dubai: Jobs in marketing, banking and healthcare are the top hiring sectors for new graduates in UAE. In the UAE, …
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UAE’s Utico eyes Dubai IPO amidst regional boom
The company is seeking a primary offering on the Dubai Financial Market and may consider a dual listing, according to a statement. Other banks involved in the IPO are Emirates NBD, First Abu Dhabi …
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Foreign Demand to Keep Dubai Property Prices on Steady Upward Course Reuters Poll
Dubai house prices are set to mostly rise steadily over the next two years, driven by demand from foreign investors, according to a Reuters poll of analysts, who cautioned that higher interest rates …
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Foreign Demand to Keep Dubai Property Prices on Steady Upward Course Reuters Poll
Dubai house prices are set to mostly rise steadily over the next two years, driven by demand from foreign investors, according to a Reuters poll of analysts, who cautioned that higher interest rates …
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Utico plans share buyback ahead of IPO and listing
Dubai: Utico, the UAE’s utility firm plans a share buyback ahead of its Initial Public Offering (IPO) and stock market listing later this year. The privately-owned firm is in talks with six banks for …
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UAE eyes booting investments in Egypt to $35B in 5 years
The UAE is looking forward to boosting its investments in Egypt to $35 billion over the coming five years after investment reached $20 billion now …
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UAE’s ADQ to Allocate $10 Billion in Investments in Partnership With Egypt, Jordan – WAM
Abu Dhabi state holding firm ADQ will allocate an investment fund of $10 billion towards projects arising from a partnership with Egypt and Jordan, the United Arab Emirates’ state news agency WAM …
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UAE: 7,434 vaccine doses administered in 24 hours
The UAE has administered 7,434 doses of the Covid-19 vaccine in … 1.93 billion as per the provisional reports by 7am today (Saturday). Meanwhile, the World Bank has approved $500 million in …
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Investors should not hold their breath over Qatar Airways IPO
If any IPO happens, that would only be by end of this decade Dubai: Qatar Airways, one of the biggest long-haul carriers in the world, would go for an IPO – but investors eyeing a chance will need to …
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Thetaray Wins“AML Solution Provider Of The Year Award” At Dubai’s Middle East Banking AI & Analytics Summit 2022
ThetaRay, a leading fintech providing AI-powered transaction monitoring technology, today announced it was named winner of the“AML Solution Provider of the Year Award” by Middle East Banking AI & …
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