Global Web3 venture capital and one of the largest market makers, DWF Labs has announced a strategic investment in the recent private funding round held by Precog.Finance …
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Bayanat sets IPO price at Dh1.1 per share, subscription to end on Oct 25
Bayanat AI on Friday announced the start of the subscription period for Initial Public Offering (IPO) on the First Market of the Abu Dhabi Securities Excha..
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Retail Investor Capital Presents AED 367 Billion Growth Opportunity For Sustainable Investing in UAE
Investors in the UAE have the potential to channel billions towards the climate transition Standard Chartered announced today the launch of its Sustainable Banking Report 2022 titled ‘Mobilising …
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Abu Dhabi-based Bayanat seeks to raise $171mln via IPO
Abu Dhabi-based Bayanat said it’s the professional investors’ tranche of its initial public offering (IPO) is oversubscribed as it seeks to raise AED 628 million ($171 million). Bayanat is a …
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Emaar to allow 100% foreign ownership in Dubai shake-up
Emaar, known for building the Burj Khalifa, has changed its rules so foreign shareholders could own every single share in the company.
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Dubai Islamic Bank Publishes Its Sustainable Finance Framework
Dubai Islamic Bank PJSC (“DIB”) has today announced the publication of its Sustainable Finance Framework (“Framework”) which was created to facilitate t …
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UAE firms face AED6k a month fines for not hiring Emiratis
Companies with over 50 employees must ensure 2 percent of their employees are Emirati before 2023 UAE firms face AED6k a month fines for not hiring Emiratis Emiratisation, Ministry of Human Resources …
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UAE seeks to attract tech firms with special visas
DUBAI: The United Arab Emirates (UAE) is trying to lure advanced technology companies away from hubs in Asia and Europe by fast-tracking business licences and offering long-term residency for …
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Henley & Partners’ Head of the Middle East Reports on why the UAE is so Attractive for Private Wealth Clients and Advisors
Philippe Amarante is Head of Henley & Partners Middle East. At the Hubbis Wealth Solutions Forum in Dubai on September 20 he offered delegates a presentation on why the UAE is pulling in more private …
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UAE Banks Federation organises Cyber Wargame
The UAE Banks Federation, the unified representative of UAE banks, organised the Cyber Wargame event on 6th October 2022, as part of its ongoing efforts to enhance cyber security and follow best …
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Dubai records over AED1.4 billion in realty transactions on Thursday
The sales included 401 villas and apartments worth AED886.89 million Dubai – Dubai real estate market recorded 446 sales transactions worth AED1.13 billion, in addition to 81 mortgage deals of AED162.
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UAE’s real estate sector upbeat on Q3 residential, office growth
The UAE’s real estate sector continues to build momentum buoyed by a positive trajectory across its residential, office, retail and hospitality sectors during the third quarter of this year, said a …
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Virtuzone Partners With Wio Bank To Bring The Latter’s First Digital Banking Solution To SMEs And Startups In The UAE
As Wio Bank’s first tailored business banking application, Wio Business is thus built to enable SMEs to have access to easy and simple banking tools to manage their businesses better.
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UAE IPO boom buoys GCC markets
A remarkable surge in companies going public in the UAE rendered a major boost to the GCC markets with 27 IPOs raising a total of $14.5 billion in 2022, reflecting an increasing buoyancy in investor …
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Crunch launches new personal finance management app
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
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Dubai’s DEWA Falls Below IPO Price as Growth Woes Hit Mood
Shares in Dubai’s main utility dropped below their initial public offering price for the first time, six months after the company raised $6.1 billion in the city’s biggest-ever listing.Most Read from …
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Saudi Arabia’s Alsulaiman Group weighs IPO of IKEA business – sources
DUBAI, Oct 20 (Reuters) – Saudi Arabia’s Alsulaiman Group is … The Gulf is in the midst of an IPO boom, with issuers raising more than $15 billion from IPOs this year, according to Refinitiv data.
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