The IPO saw Adnoc Drilling offer 1.8 billion shares, representing 11% of the shares EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), has announced that its …
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Summit Bank Agrees to Sell 51% Shares to UAE Investor
Summit Bank has agreed to sell at least 51 percent of its voting shares to a UAE-based investor at Rs. 2.51 per share. According to a notice sent to the Pakistan Stock Exchange, Summit Bank received …
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Dubai’s Emirates NBD to expand presence in India with approval for two branches
Dubai’s Emirates NBD has announced plans for further expansion in India, following approval from RBI (Reserve Bank of India) to open two additional branches. The bank will open a full-service branch …
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Another ADNOC entity is heading for an IPO – this time it is Fertiglobe
Dubai: Another ADNOC related entity is gearing up for a stock market listing in Abu Dhabi. Fertiglobe plc – the world’s largest seaborne exporter of urea and ammonia combined – will be the next …
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Fertiglobe joint venture of OCI-ADNOC plans IPO of 13.8% stake
Abu Dhabi National Oil Company (ADNOC) and chemical producer OCI N.V. OCI.AS plan an initial public offering of 13.8% of the shares in fertiliser joint venture Fertiglobe on the Abu Dhabi Securities …
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Summit Bank to sell 51pc shares to UAE investor
KARACHI: The board of directors of Summit Bank has agreed to sell at least 51 per cent controlling interest to a UAE-based investor at Rs2.51 per share, a regulatory filing said on Monday. The …
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UAE Central Bank imposes $4.7mln in fines on 6 exchange houses
The Central Bank of the UAE (CBUAE) has imposed financial sanctions to the tune of 17.31 million ($4.7 million) on six exchange houses operating in the UAE as part of its efforts to combat money …
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DFSA provides regulatory framework for future of finance
The Dubai Financial Services Authority (DFSA), the independent financial regulator of the Dubai International Financial Centre (DIFC), continues to …
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UAE expected to raise around $3 billion with debut bonds – sources
The United Arab Emirates federal government is expected to raise between $3 billion and $3.5 billion from its debut bond sale, which will comprise three tranches denominated in U.S. dollars, two …
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UAE Markets Its First Federal Bond to Global Investors
The United Arab Emirates is marketing the first bond sale in its 50-year history as a combined federation, joining the rush of emerging-market borrowers tapping investors before the Federal Reserve …
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UAE Central Bank Issues New Guidelines to Combat Money Laundering
The Central Bank of the UAE has issued a new guidance on anti-money laundering and combating the financing of terrorism for its licensed financial institutions (LFIs), which provide services to …
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Bank Accounts for Freelancers in the UAE – Focus Group Session with NeoBank
Opening bank accounts for freelancers – focus group session with NeoBank. We’re excited to invite you to be part of an exclusive focus group session for the region’s new neo bank. In fact, it’s not a …
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UAE to start marketing first federal dollar bond this week
DUBAI: The United Arab Emirates government is expected to begin marketing its first bond as a federation as soon …
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Sheikh Maktoum bin Mohammed meets Finance Ministry officials to review major projects
Provided by Sheikh Maktoum bin Mohammed, Deputy Prime Minister and Minister of Finance, Minister of State for Financial Affair Mohamed Al Hussaini and his predeces …
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US veteran JAILED in Dubai ‘hell hole’ over bank debts will never be allowed to leave
September 2021
A 44 year old PTSD sufferer and Afghanistan veteran (Army & Navy) has been detained in Dubai over a bank deb …
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UAE, key partners hold productive meetings on anti-money laundering reforms
September, the group met counterparts from Argentina, Brazil, China, Hong Kong (Special Administration Region, China), India, Israel, …
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Maktoum bin Mohammed meets the Finance Ministry’s team in Abu Dhabi
Dubai: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister, Deputy Ruler of Dubai and Minister of Finance, today met with the Finance Ministry’s team in Abu Dhabi to review …
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