He said ADNOC aimed to sell at least 10 per cent of ADNOC Distribution, which runs a chain of fuel stations across the United Arab Emirates, and could sell … and profitability set in the core of our business,” al-Jaber said. ADNOC wants to set up …
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Dubai unveils new mega marina to host 5,000 yachts
The emirate expects to receive more than a million cruise tourists by 2020. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Mahindra taps UAE’s SUV market with XUV500
Galadari Automobiles, one of the leading national automobile distributors in the UAE, has announced the launch of the automatic transmission variant of the New Age XUV500 in the UAE. It will be available in two variants – the W8 FWD and W10 AWD.
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UAE’s Al Fahim names new GM for property unit EPICO
RELATED ARTICLES: EPICO expands to meet FM demand from Abu Dhabi CBD | Aldar, Al Fahim to build 5900sqm Mercedes showroom | Al Fahim business unit sees 17% growth in 2016 Al Fahim has appointed a new general manager (GM) for Emirates Property Investment …
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UAE’s appointment of ministers in the field of technology will benefit Arab region: Jordan PM
UAE’s appointment of ministers in the field of technology, such as artificial intelligence, will benefit the entire Arab region, the Prime Minister of Jordan, Hani Al Mulqi, has said. Speaking at the first day of the Knowledge Summit 2017, which is being …
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Saudi crackdown almost derailed Emaar IPO; UAE offers now at risk
People have their pictures taken near an Emaar sign outside the Dubai Mall in the UAE. Advisers to Emaar Properties scrambled to complete a $1.3bn offering in its UAE development business after local investors reneged on hundreds of millions of dollars in …
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Nasdaq Dubai to add Emaar Development to futures market
… will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO). The listing is expected to take place on Wednesday. Investors will be able to trade …
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UAE oil firm ADNOC may offer 20 percent stake in fuel unit
If ADNOC raises as much as $2.8 billion, it would be the biggest initial public offering (IPO) in the United Arab Emirates since 2007 when DP World raised nearly $5 billion, according to Thomson Reuters data. Abu Dhabi is pushing its state companies to …
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Nasdaq Dubai to create futures on Emaar Development following IPO
Nasdaq Dubai will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO). The listing is expected to take place on November 22 nd. Investors will be …
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Qatar- Saudi crackdown almost derailed Emaar IPO UAE offers now at risk
(MENAFN – Gulf Times) A Dubai property developer managed to pull off the Middle East’s largest initial share offering this year, but only after it was almost derailed by the sweeping arrests in neighbouring Saudi Arabia, where authorities say they’re …
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Adnoc to sell up to 20% stake in fuel unit through IPO
The shares will be listed on December 13, it added. “The planned IPO [initial public offering] … will offer both UAE and international investors an unprecedented opportunity to invest alongside Adnoc in one of the region’s leading retail brands …
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MIDEAST STOCKS-Geopolitics weigh on markets, Abu Dhabi firm on ADNOC IPO plan
UAE’s Dana Gas rebounds after fall on London sukuk ruling * Dubai’s Emaar continues fall on unit’s IPO pricing * Abu Dhabi attracts interest with ADNOC unit’s IPO * Qatar National Bank falls 1.9 percent By Aziz El Yaakoubi DUBAI, Nov 20 (Reuters …
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Emaar Properties : Development’s IPO to attract large number of Saudi investors
Dubai – Mubasher: Emaar Properties on Monday said that the initial public offering (IPO) of its unit, Emaar Development attracted a large number of regional investors, especially Saudi investors. The qualified Saudi investment institutions represented a …
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Smart Dubai Office Wins Top Honors At Smart Cities Expo
receiving the City Project Award from among 308 other teams for their Dubai Blockchain Strategy. The innovative Blockchain technology system is designed to allow the Dubai government to create a complete system so that all government transactions will take …
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‘Smart Parking Project’ in Dubai leverages Nedap technology
The Roads and Transport Authority (RTA) in Dubai has launched the initial phase of the Smart Parking Project covering controlled parking at Al-Rigga and the World Trade Center areas. This project has been implemented by Energy International Corporation …
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Dubai’s Al-Futtaim inks deal to build, sell Renault cars in Pakistan
Dubai-based Al-Futtaim on Tuesday announced an agreement with … “We aim to bring our latest products and cutting-edge technology and set new benchmarks of safety and quality in the market.” The completion of the transaction remains subject to a number …
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Thales and Dassault to upgrade Mirage 2000-9 fleet in UAE
“Thales’ advanced digital technologies help our customers to make the optimum tactical decisions in real time.” “This new announcement illustrates the trust UAE Armed Forces has in Thales for more than 45 years.” With this modernisation …
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