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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FibSwap Announces Partnership with Clover Finance
Dubai, United Arab Emirates–(Newsfile Corp. – February 15, 2022) – FibSwap joins forces with Clover Finance , exposing FibSwap’s decentralized exchange to more than 100,000 wallets. FibSwap DEx …
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UAE bank taps Israeli fintech firm ThetaRay for fraud detection tools
The United Arab Emirates’ oldest private banking institution, Mashreq Bank PSC, has tapped Israeli fintech company ThetaRay, a developer of software that mimics human intuitive decision-making to …
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Turkey, UAE sign 13 cooperation deals to boost long-strained ties
finance and trade. Last month the two countries agreed on a nearly $5 billion swap deal in local currencies. “During this visit, we aim to develop the momentum we have captured with the United Arab …
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UAE keen to strengthen partnership with Turkiye, says crown prince
The United Arab Emirates (UAE) is keen to strengthen its partnership with … Both countries also signed several agreements on energy, environment, finance, and trade. * Writing by Ibrahim Mukhtar in …
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UAE jobs: Most in-demand roles, skills in 2022 76% companies to hire new employees
Banking/finance, advertising/marketing/public relations and IT/internet/e-commerce emerge as the industries that attract or retain top talent in the UAE.
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British businessman imprisoned in Dubai accuses Islamic bank of trying to “punish” him
A British businessman imprisoned for fraud in Dubai has accused the world’s oldest Islamic bank of seeking to “punish” him with another 20 years behind bars despite having completed his original …
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