Tecom’s offer was oversubscribed 21 times, while DEWA generated interest 37 times over Dubai: Tecom Group, the operator of Dubai’s ‘new economy’ business clusters, raised Dh35.4 billion through an …
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Tecom IPO’s success reflects confidence in UAE economy
There is a clear appetite for investment in the UAE economy, the second-largest economy in the Arab world. Despite the enormous challenge of the pandemic and the Ukraine conflict …
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Three Arrows Capital Forced Into Liquidation: Report
Three Arrows Capital (3AC), a large crypto hedge fund that held $10 billion in assets at one point, has been forced into liquidation according to a report.
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UAE finance ministry extends FATCA/CRS report submission deadline
The ministry also said that RFI users must submit their annual FATCA/CRS reports through the new portal which is now available on its website. FATCA is a US federal law aimed at curbing offshore tax …
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UAE: Reader complains against bank charges of Dh1,800 for unwanted policy
I noticed an amount of Dh1,800 [deducted from my account], so I called FAB and explained everything. They said that I should have called them about the policy, to which I replied that they should not …
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DIFC Launches Region’s First Open Finance Lab
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and …
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UAE to increase exports to countries in West Africa
The Emirates is one of the biggest investors in Africa. Turkey, Qatar and Israel have significant interests on the African continent as well.
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PaySky launches yalla card and super app in the UAE
Cairo: PaySky, the leading digital payment solutions provider that disrupted the FinTech industy, launches Yalla Card and Super App in the United Arab Emirates, in partnership with its strategic …
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Dubai’s TECOM Draws Orders Worth $9.6Bln for IPO
Dubai business park operator TECOM Group said on Monday it drew orders worth $9.63 billion for its initial public offering, the latest Middle East listing to attract strong investor demand amid a boom …
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DIFC launches Open Finance Lab
Dubai International Financial Centre (DIFC) has launched the Open Finance Lab, a six-month programme designed to promote …
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DIFC launches the region’s first Open Finance Lab
Launch of the region’s first Open Finance Lab is in line with DIFC’s Strategy 2030 and follows the signing of an MoU between Central Bank of the UAE (CBUAE) and DIFC to promote the development and …
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Tarabut Gateway selected as platform partner by DIFC for the region’s first open finance lab
Tarabut Gateway, the largest Open Banking platform in the Middle East and North Africa (MENA) region with a market presence in Bahrain, UAE and KSA, announces it has been selected by the Dubai …
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Cash- starved Pak makes appeal for fresh loans, UAE offers bailout deal
In response to cash-strapped Pakistan’s request for fresh loans, the UAE has offered to buy minority shares in publicly-listed government-owned companies at a negotiated price …
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DIFC launches six-month finance lab programme
The lab will also run business and technical deep-dive workshops Dubai International Financial Centre (DIFC) has launched Open Finance Lab, a six-month programme to promote the development and growth …
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UAE Willing to Buy Minority Shares in Pakistan’s Government Firms
The United Arab Emirates (UAE) on Tuesday offered to buy Pakistan’s minority shares in publicly-listed government-owned companies at a negotiated price …
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TECOM Group completes Dubai’s most oversubscribed IPO, raising nearly $463 million
The demand, he added, was also reflective of investors’ “strong appetite” towards Dubai’s capital markets and overall economy. TECOM Group earlier announced it was listing 625 million ordinary shares …
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UAE Offers to Buy Shares in State Owned Companies on PSX
The United Arab Emirates (UAE) has offered to purchase minority shares in publicly traded state-owned enterprises at a negotiated price, as well as a seat …
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