DUBAI: Saudi Finance Minister Mohammed al-Jadaan told bond investors during a presentation on Monday that the initial public offering (IPO) of Saudi state oil giant Aramco will proceed as planned in 2018, sources familiar with the matter told Reuters.
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Abu Dhabi Ports looking at new opportunities for growth
He also said that they were looking at new opportunities in managing ports outside the UAE but refused to divulge details … When asked whether they were considering an IPO, he said they “have no immediate plans.” Abu Dhabi Ports will be purchasing …
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UAE central bank withdrawal of excess cash from banking system signals recovery, analysts say
The UAE Central Bank reduced banking sector liquidity for a second consecutive month in August, a move analysts believe signifies an easing of pressure on lenders. The central bank removed Dh3.1 billion of excess liquidity from the banking system in August …
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Saudi finance minister tells bond investors Aramco IPO to go ahead in 2018
DUBAI (Reuters) – Saudi Finance Minister Mohammed al-Jadaan told bond investors during a presentation on Monday that the initial public offering (IPO) of Saudi state oil giant Aramco will proceed as planned in 2018, sources familiar with the matter told …
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The Link Between SoftBank, Alzheimer’s and Data
Roivant, founded by ex-hedge-fund partner Vivek Ramaswamy … That is, if you drive an electric car in Dubai. A new, more flexible Uber? The ride-hailing company is preparing to make concessions to restore its revoked London taxi license.
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UAE Central Bank withdrew AED 3.1 billion surplus liquidity in August
The UAE Central Bank withdrew AED3.1 billion in excess liquidity during August, bringing the total withdrawals to AED11.3 billion in two months, UAE state news agency WAM reported. The apex bank said the move is part of its continuing efforts to manage …
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Dubai Islamic Bank : DEWA customers can pay in instalments with DIB
DUBAI, 25th September, 2017 (WAM) — Dubai Electricity and Water Authority, DEWA, has signed an agreement with Dubai Islamic Bank, DIB, allowing customers to pay their bills in instalments of up to 12 months without additional fees when they use DIB credit …
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Improving financial literacy in the UAE still needs attention
According to Sara Abdulrahim and Arwa Ali, the biggest challenge for young Emiratis looking to manage their money is the lure of social media. “Social media makes you want to spend more,” says Ms Abdulrahim, 29, a credit analyst at Emirates Global …
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MASHREQ: CEO LEADERSHIP SERIES
For the full interview click here. The bank occupies a unique position in the UAE banking sector. It is the largest and oldest privately-owned bank in the UAE. However, the bank is unique not simply because of its size or longevity but also because it has …
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EY’s regional head on adapting to the GCC’s shifting sands
“Audit and accounting firms are actively recruiting new staff with VAT experience to build up their capabilities in servicing clients in the UAE and other GCC countries … mergers and acquisitions and IPO activity within the GCC and wider MENA region?
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Money supply in UAE decreased by 0.9% — UAE Central Bank
Dubai: The UAE Central Bank said yesterday that the country’s money supply in different measures has decreased during the month of August 2017 by 0.9 per cent. In its monthly statements, the Central Bank figures showed that the decrease ranged between 1 …
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Dubai gold prices fall further: Time to buy?
Dubai: Jewellery lovers who hit the shops today may find some … However, the bullion failed to keep the momentum. Ole Hansen of Saxo Bank had said gold was under pressure sometime last week , especially following Wednesday’s Federal Open Market …
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Hard to digest: why Philippines’ Jollibee wants to buy Pret A Manger – for ‘US$1 billion’
Within Asia, it has branches in Singapore, Shanghai, and Dubai. It also operates in France and the US … The acquisition could also be a less volatile exit strategy for Bridgepoint than an IPO. McDonald’s, which bought its 33 per cent stake just …
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Gold rush sees hedge funds seek profit from tools of trade
The Dubai Gold and Commodities Exchange set up a link to London … but they’re eager to change that.” Tarricone will offer a hedge fund next month to bet on gold and other raw materials. Arion Investment Management aims to lure $500mn in funding.
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Legg Mason (LM) & Waddell & Reed Financial (WDR) Head-To-Head Contrast
Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform … Canada, Chile, China, Dubai, France, Germany, Italy, Japan, Luxembourg, Poland, Singapore, Spain, Switzerland …
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UAE to provide US$30 million financial support to United Nations
The UAE has announced its intention to make two financial donations to the United Nations; US$15 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East, UNRWA, to help in its basic programmes for Palestinian refugees …
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Interview: S&P Dow Jones Indices regional head on the Gulf markets
El Azzi says the company has had “a lot of discussions” regarding the IPO not least because of the weight it would … seeing it alongside Kuwait and the UAE as being among the biggest growth drivers in the vast region he oversees.
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