The government has amended the foreign exchange management rules to increase the limit on foreign direct investment in the insurance sector to 74% from the current 49%. India is expected to finalise …
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Small Cap Feast – SpectrumX Holdings; Yooma Wellness Inc; Southern Energy Corp; SigmaRoc; HydrogenOne Capital Growth; Egdon Resources and more…
What’s cooking in the IPO kitchen? SpectrumX Holdings, a leader in proprietary formulations of HOCL (Hypochlorous Acid), is expected to list on …
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Open a digital bank account for children in the UAE: How it works
For the first time, children as young as age 8 can open a digital bank account in the UAE. Many clients want to bank anywhere, anytime on whatever device., and to do itn a seamless and cost-effective, …
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UAE’s Emirates Global Aluminium considering IPO in 2022 – sources
Emirates Global Aluminium (EGA) is weighing a potential initial public offering next year, sources said, in what could be one of the biggest share sales in the United Arab Emirates in recent years.
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UAE’s Majid Al Futtaim secures $1.5bn sustainability-linked loan
UAE’s Majid Al Futtaim has signed its inaugural $1.5bn (Dhs5.51bn) sustainability-linked loan (SLL). The five-year loan is structured as a revolving credit facility (RCF) and is the largest corporate, …
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UPDATE 1-Senior UAE official meets Qatar’s emir in rare visit
A senior United Arab Emirates official held talks with Qatar’s emir in Doha on Thursday in the first such visit in four years following this year’s deal to end a bitter dispute. National Security …
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Ami Organics IPO opens September 1, fresh issue of shares reduced; firm’s 2nd attempt at public issue
Ami Organics, specialty chemicals maker, IPO will open for subscription next week on 1 September and close on 3 September.
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The Dubai-Based Mohammed Bin Rashid Innovation Fund Accelerator Program Enrolls Its Largest Cohort To Date
The latest MBRIF accelerator has chosen 13 UAE-based and 11 internationally located startups our of a total of 150 applicants.
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Hakluyt Opens New Office in Dubai
Hakluyt, the strategic advisory firm for businesses and investors, is delighted to announce that it has opened a new office in Dubai.
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Abu Dhabi conglomerate IHC eyes deals worth ‘a few billion dollars’, CEO says
IHC, now the most valuable company on the Abu Dhabi bourse with a market capitalisation of $72bln, is also considering a 2022 IPO for its majority-owned healthcare firm Pure Health …
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India’s Delhivery plans $1 billion IPO filing in October
Delhivery would add to a strong lineup of Indian startups that are ready to tap the IPO market in the coming months. Paytm, the country’s leader in digital payments, filed its pre …
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Indian rupee slips against UAE dirham as dollar strengthens
The Indian rupee declined five paise to 74.24 against the US dollar (20.22 versus the UAE dirham) in opening trade on Wednesday, tracking the firm American currency.At the Indian interbank market, the …
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Fitch Named Best Islamic Finance Rating Agency for Fifth Year
Fitch Ratings has been recognised as the Best Rating Agency for Islamic Finance for the fifth year in a row by The Asse …
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AIM Summit Dubai Edition 2021
The 11th Edition of AIM Summit will an exclusive gathering connecting global and regional industry leaders & investors discussing the transpiring financial, economic, and social trends as we gradually …
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IHC eyes deals worth ‘a few billion dollars’
IHC, now the most valuable company on the Abu Dhabi bourse with a market capitalisation of $72 billion, is also considering a 2022 initial public …
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Dubai’s Emirates NBD will see profitability returning to pre-pandemic levels by 2022
Moody’s Investors Service expects the profitability of Dubai’s Emirates NBD to be more resilient than its peers, reflecting the benefits from the bank’s strong ties with the Dubai government and large …
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South Africa: UAE, Saudi Arabia brace for economic strategy shake-up
South African President Cyril Ramaphosa appointed Enoch Godongwana, the ruling party’s head of economic policy as finance minister, in August, after Tito Moboweni, who was well liked by the investment …
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