Abu Dhabi: First Abu Dhabi Bank (FAB) Sunday completed the carve out … is currently positioned amongst the top two players in the UAE across direct acquiring, prepaid issuing and issuer processing.
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Tristar Sets Price Range for Dubai’s Second IPO in Three Years
Middle Eastern logistics firm Tristar Transport set the price range for its planned initial public offering in Dubai at 2.20 dirhams to 2.70 dirhams per share, in what would be only the financial …
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UAE: Are SPACs the next tech boom in the making? Know what are they and how do they work
Why has the burgeoning deal-making instrument suddenly spiked interest among investors Dubai: In the past many … institutional investors like hedge funds, pensions, or banks can purchase …
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Supper shrugs off Deliveroo slump with funding round
Supper, the high-end food delivery business, is seeking to raise £5m in a private equity-backed funding round, just days after delivery app Deliveroo lost billions in market value within minutes of …
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Property buyers outnumbering sellers in Dubai
Dubai’s property market is running low on inventory as buyers … with some higher end purchasers also taking a small proportion of finance,” it said. In addition, the market is seeing an increasing …
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UAE finance minister dies at 75
Sheikh Hamdan bin Rashid Al Maktoum, who was also deputy Dubai ruler, served as finance minister for several decades and was known for his charity work and race horse ownership. Longtime Emirati …
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Dubai to host region’s first Cybertech Global event
Cybertech Global Dubai will offer a wide spectrum of sessions and events covering Artificial Intelligence (AI), advanced IoT, big data, cloud, and blockchain across a number of different sectors …
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Saudi Tadawul on IPO path, one among many mega listings on the exchange in 2021
Saudi Arabia’s bourse, Tadawul, has invited banks to pitch for roles in its highly-anticipated flotation. Building on a massive 2020, Tadawul will attract more mega listings this …
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Good news for job seekers: UAE firms start hiring again
Study says job market is gradually reviving with the help of recent medical developments and constant safety measures …
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Dubai Waste Management Co secures finance for mega renewable electricity project
The consortium behind Dubai Waste Management Company has secured a project finance for its mega renewable electricity project. Belgian construction giant Besix, who is a member of DWMC, said that the …
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Salary Income Of Indians In Gulf Exempt From Income Tax: Finance Minister
Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India.
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Salary earned by Indian workers in Gulf exempt from tax: Finance minister
FM Sitharaman clarified that NRI workers in Saudi, UAE and Qatar will not face any altered tax liability. (File photo) NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday clarified …
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Salary income of Indian workers in Gulf exempt from I-T: Union Finance Minister Nirmala Sitharaman
Quoting a tweet of TMC MP Mahua Moitra, Sitharaman clarified that the Finance Act 2021 has not brought in any new or additional tax on Indian workers in Saudi/UAE/Oman/Qatar. The minister said the …
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Barbeque Nation finalises IPO share allotment today; check the status via these 2 options
The Rs 453-crore initial public offering of Barbeque Nation opened from March 24-26 and was subscribed almost six times.
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UAE finance minister Sheikh Hamdan passes away
The deputy ruler of Dubai and UAE finance minister, Sheikh Hamdan Bin Rashid Al Maktoum, passed away Wednesday morning. The news was shared by UAE Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum …
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Dubai Deputy Ruler Sheikh Hamdan Bin Rashid was also the longest-serving finance minister in the world
Five decades of leadership leaves behind an unmatched legacy of economic reforms Dubai: Sheikh Hamdan Bin Rashid Al Maktoum, the UAE’s finance minister for the past five decades, who was the longest …
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Danish Court Rules in Favor of Pre-Trial Detention for Hedge-Fund Trader Sanjay Shah
A Danish court has ruled that hedge-fund trader Sanjay Shah and an associate should be … paves the way for Denmark to seek formal extradition of Shah, who lives in Dubai, and his alleged accomplice, …
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