The United Arab Emirates recorded economic growth of 3.8% in 2021, Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum said in a Twitter post on Thursday.
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Dubai’s DEWA IPO to raise Dh22.3b, giving utility giant a market value of Dh124b at listing
The final offer price of DEWA’s IPO was set at Dh2.48 per share. Dubai: The initial public offering (IPO) of Dubai Electricity and Water Authority (DEWA) is expected to raise Dh22.3 billion ($6.1 …
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Mideast tech investor iMENA plans IPO, hires banks – sources
Middle East technology investment firm iMENA Group, part owned by Abu Dhabi telecom operator e& ETISALAT.AD, is considering an ini …
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Saudi Arabia, UAE pledge $3 million to Yemen after nation’s president transfers power to transitional council
Saudi Arabia and the UAE will provide $1 billion each to the Yemen central bank, in addition to a $1 billion pledge from Saudi to aid in the purchase of oil products and to support development …
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UAE’s DFSA introduces ‘whistleblowing’ regulatory regime
DFSA’s regime aims to improve the whistleblowing culture among its regulated entities by increasing transparency around how they handle regulatory concerns.
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Dewa IPO to become largest ever in UAE and in EMEA region so far
Dubai Electricity and Water Authority PJSC “Dewa” on Wednesday announces that, following the completion of the book building and subscription process for its initial public offering (“IPO”), it has …
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Dewa IPO to become largest in UAE, Europe, ME and Africa region so far in 2022
“The high international demand on Dewa’s initial public offering (IPO) reflects the trust and confidence in Dubai’s entities as quality investment opportunities,” stresses Sheikh Maktoum …
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Abu Dhabi Islamic Bank donates Dh1 million to UAE’s ‘1 Billion Meals’ campaign
Dubai: Abu Dhabi Islamic Bank (ADIB) has announced a donation of Dh1 million to UAE’s ‘1 Billion Meals’ initiative, the region’s largest food donation campaign of its kind …
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DEWA IPO to become largest ever in UAE and EMEA region so far
Dubai Electricity and Water Authority (DEWA) on Wednesday announced that, following yesterday’s completion of the book building and subscription process for its initial public offering (IPO), it has …
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19 people found guilty of money laundering, embezzlement of Dh184 million in Dubai
Four defendants sentenced to three years in jail; nine others get one year in prison Dubai: The Dubai Court of First Instance has found a group of 19 people guilty of money laundering, embezzlement …
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Dubai’s Mashreq and noon.com launch VIP savings account
The account provides customers competitive interest rates on their savings, cashback on all spends and a free noon VIP membership among other features …
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Trailblazing IPOs line up to take the home run in the UAE
The UAE is pursuing a Trojan Horse move to invest in the financial markets and announce a flurry of IPOs to establish itself as a leader among other Gulf countries Trailblazing IPOs line up to take …
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Want to Invest in Dubai Property? You Can Bank on Resourceful Data
A robust real estate sector is important for any country since it attracts new investments and plays a key role in shaping cities designed with forethought. In the absence of transparency, – Mediawire …
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UPDATE 1-Dubai’s DEWA to raise $6.1 billion at IPO pricing level -sources
Dubai Electricity and Water Authority (DEWA) is set to price its initial public offering at the top of its range, two sources told Reuters, which would raise $6.1 billion in the Gulf’s biggest IPO …
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UAE defers $2b debt payment on govt’s request
The United Arab Emirates deferred on Tuesday a $2billion debt payment that Pakistan was bound to repay in March, NNI reported. “The deferral of the debt will help reduce external financial pressure,” …
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UAE Ministry of Finance’s MBRIF to mentor new cohort of entrepreneurs in its Innovation Accelerator programme
The Innovation Accelerator programme offers guidance and coaching on implementing business strategies, routes to market, and access to funding, while offering networking opportunities with key …
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UAE’s economic growth on track for 4.2% GDP growth despite inflation rise: Central Bank
Total non-oil exports of the UAE increased year-on-year by 29 per cent in Q4-2021 and imports by 26.6 per cent. The central bank noted that key non-oil sectors of the economy such as travel …
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