The hedge fund is urging BHP to demerge the US petroleum business and … 11:19am WorleyParsons shares have jumped 3.3 per cent to $11.40 after a buyer, said to be Dubai-based Dar Group, snapped up $175 million of WorleyParsons stock.
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UAE to participate in the ‘Joint Annual Meeting of Arab Financial Institutions’ in Morocco
HE Obaid Humaid Al Tayer, the Minister of State for Financial Affairs, will head the UAE delegation which will include HE Mubarak Rashed Al Mansouri, UAE Central Bank Governor; HE Younis Haji Al Khoori, Undersecretary of MoF; HE Khalid Ali Al Bustani …
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Saudis, oil majors discuss gas investments ahead of giant IPO
LONDON/DUBAI, April 11 (Reuters) – Saudi Arabia and international … aiming to get a valuation of up to $2 trillion in what could be the world’s biggest initial public offering (IPO). Chevron, BP, Aramco and Eni declined to comment on talks.
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UAE's Aster DM Healthcare agrees $295 million loan with Axis Bank
DUBAI (Reuters) – United Arab Emirates-based Aster DM Healthcare has agreed a $295 million credit facility with India’s Axis Bank, the healthcare company said in a statement. Aster had a $276 million loan outstanding with a consortium of eight banks, and …
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UAE debtors on the tough road to solvency
Derek, who did not want to reveal his full name, is in a similar position to Mr Nair; he needs credit but cannot borrow because of poor UAE financial history. The Briton, a married father-of-two and resident here for seven years, bounced a Dh155,000 …
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Banking giant launches UAE video, chat services
Standard Chartered Bank announced on Tuesday the launch of its video and chat banking service for clients in the UAE, a first for an international bank. The launch follows the successful roll-out of the service in Malaysia, Singapore, Taiwan in 2016 and …
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Dubai Islamic Bank 1st Quarter 2017 Net Profit reaches AED 1.042 Billion
Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first quarter results for the period ended March 31, 2017. 1 st Quarter Results Highlights: Sustained …
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Aramco board to meet in Shanghai as it seeks Chinese investors for IPO
DUBAI, April 10 (Reuters) – Saudi Aramco’s board will meet in … Aramco has appointed international banks with access to Chinese investors to advise on the initial public offering (IPO) . The issue of Aramco’s IPO and a potential role for Chinese …
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Emirates NBD Capital caps UAE’s first IPO in 2017
The IPO was Dubai’s first since Dubai Parks & Resorts floated in December 2014, a transaction on which EMCAP was also Joint Global Coordinator and Joint Bookrunner. ENBD REIT’s offer was well over-subscribed with commitments from a mix of investors …
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Three UAE banks to disclose financial statements for Q1 2017 this week
Three UAE banks have announced plans to declare this week their financial data for the first quarter of the year 2017. The declaration, made by the Dubai Islamic Bank, Mashreq Bank and Union National Bank, listed on ADX, comes in line with the directives …
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UAE banks’ points system adds up to promising future for Emiratis
Vice President of the UAE and Ruler of Dubai. Recently it was reported that more than 900 Emirati men and women were employed by banking and financial institutions in just 75 days through government accelerators. This is an incredible achievement and sets …
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Spot interviews for bank jobs
Dubai: Noor Bank is participating at the annual Careers UAE as part of its strategic objective to bring on board talented Emiratis for key positions. The bank personnel are on hand at the bank’s stand — 7A-5, to conduct on-the-spot interviews and …
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UAE banks’ first quarter profit and asset growth likely to remain soft
Dubai: Expectations on UAE banks are modest as they start declaring first quarter results from this week. However, banking analysts expect to see signs of improvement in asset quality and profitability starting this quarter. With most banks continuing …
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UAE Ministry of Finance signs MoU with Sabah Al-Ahmad Center for Giftedness and Creativity
As part of its commitment to strengthen joint cooperation and exchange expertise on innovation, the UAE Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Sabah Al-Ahmad Center for Giftedness and Creativity (SACGC). The signing took …
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Dubai Financial Market : UAE stocks may see buying from foreigners, institutions
Dubai – Mubasher:UAE stocks are likely to see further selective buying by foreign and institutional investors on Tuesday ahead of first quarter disclosures and despite the decline in oil prices, GCC market analyst Mohamed Al Ahbaby told Mubasher.
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Dubai Police foil Sharjah bank robbery, arrest three
Dubai: Dubai Police foiled a bank robbery by arresting three men just hours before they were to attempt the heist, police said on Thursday. Major-General Khalil Ebrahim Al Mansouri, Assistant to the Dubai Police Chief for Criminal Investigation Affairs …
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Dubai’s Noor Bank to get new CEO – sources
The head of corporate and investment banking at Dubai’s Mashreq is leaving to become chief executive of Noor Bank, sources familiar with the matter told Reuters on Monday. Mashreq, Dubai’s third-biggest bank by assets, said John Iossifidis was leaving …
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