Offer for ADC’s shares run until May 19 and will be listed on ADX Dubai: The UAE’s first SPAC (Special Purpose Acquisition Company) will launch its public offer on May 12, offering 36.7 million …
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DEWA IPO to become largest IPO in the UAE and the largest in the Europe, Middle East and Africa region so far in 2022
DEWA IPO to become largest IPO in the UAE and the largest in the Europe, Middle East and Africa region so far in 2022 DEWA IPO becomes second largest in the history of the Middle East, raising AED …
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UAE credit demand and supply remain on the rise: Central Bank
Banks are fuelling credit growth as UAE economy ticks along nicely The latest UAE Central Bank credit sentiment survey offers good tidings for banks and their clients, business and individual.
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From IT professional to one of world’s richest. Now bankers want to join in
In the shadow of Dubai’s sail-shaped Burj Al Arab hotel, crypto executives rubbed shoulders with Emirati royals, Wall Street bankers and Instagram influencers. The festivities in late March were …
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UAE Central Bank follows US Fed move to raise interest rates in effort to curb inflation
Inflation is much too high and we understand the hardship it is causing, and we’re moving expeditiously to bring it back down, the US Federal Reserve Chair said UAE Central Bank follows US Fed move to …
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LIC’s IPO oversubscribed in two days
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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