DUBAI: Dubai real estate market recorded 498 sales transactions worth AED 1.24 billion, in addition to 80 mortgage deals of AED 444.06 million, and 12 gift deals amounting to AED65.68 million on …
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Dubai: Interest rate hike unlikely to dent real estate growth, experts say
Rising rates will have no major impact on the emirate’s property sector as mortgage transactions represent only a quarter of overall home sales …
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Dubai-based entities show their commitment in driving Dubai’s economy ahead of the landmark event
The event cements Dubai’s position as a major player in metaverse and web 3.0 technologies, providing a platform to explore how immersive digital worlds will reshape the future of business, society an …
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Dubai Investment Fund (DIF) Appoints New Executive Directors of Regional Operations
Dubai Investment Fund (DIF) today announced the appointment of Maegan Vang, Patricia Olsen and Mark Otto as Executive Directors of Regional Operations, effective October 2022.
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Fintech Galaxy brings global Open Finance experience to the MENA region
Fintech Galaxy, the industry-leading financial innovation company, has announced the addition of a team of global Open Banking/Finance experts as it looks to ramp up its product offering and presence …
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UAE healthcare operator Burjeel to sell 11 percent stake in IPO
Burjeel is the first privately owned company to go public in the UAE this year, with plans of selling a total of 550.7 million shares UAE healthcare operator Burjeel to sell 11 percent stake in IPO …
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Global tech players and wider Metaverse to assemble in Dubai
More than 30 local and international leaders including international metaverse academics, designers, builders and specialists in virtual education, e-commerce, medicine, art, gami …
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Burjeel IPO: UAE healthcare provider to sell 11% stake and list on ADX
PR Newswire Dr Shamsheer Vayalil, Chairman and Managing Director of VPS Healthcare, launching Burjeel Holdings to consolidate the organisation’s healthcare offerings. Courtesy: …
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Dubai intitution’s financial manager fakes his sacking, embezzles Dhs11,097,000 and flees UAE
The Dubai Misdemeanour Court sentenced him to 3 years in prison in absentia and ordered his deportation after serving his sentence.
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UAB banks on positive economic sentiments in UAE
Shirish Bhide, chief executive officer of UAB, attributes strong growth in first-half profits to the UAE government’s policies to contain the Covid-19 pandemic and …
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With 723 hires, intake of UAE nationals for banking jobs already beyond 2022 targets
The insurance sector has some catching up to do with 90 hires out of a 300 target The UAE Central Bank has set a target of 5,000 UAE Nationals being added to the financial services sector in next …
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Region’s first platform bank Wio launches in UAE
The new bank will provide solutions in three areas – digital banking apps, embedded finance and banking-as-a-service solutions …
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Burjeel Holdings’ ADX-listed IPO to open on Sept 30
Burjeel Holdings, one of the leading regional private healthcare service providers in the UAE and Oman, announced its intention to list on the Abu Dhabi Se..
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Salik IPO: Dubai toll operator raises over $1bn from oversubscribed DFM listing
Dubai toll operator Salik raised Dh3.735 billion ($1.017bn) from its Dubai Financial Market, as part of a series of IPOs of state enterprises aimed at boosting the size of the emirate’s capital market …
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UAE hospital group Burjeel seeks local investors ahead of IPO
UAE-based hospital operator Burjeel Holdings is seeking local investors for its planned initial public offering (IPO), two sources told Reuters. UAE hospital group Burjeel seeks local investors ahead …
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Dubai toll operator Salik raises over $1bn from IPO
Dubai’s toll operator Salik has raised over Dhs3.7bn ($1bn) from its initial public offering (IPO) on the Dubai Financial Market (DFM). The qualified investor tranche attracted demand worth Dhs149.5bn …
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British hedge fund manager accused of huge tax fraud is ordered to pay £1.1 BILLION to Danish authorities by Dubai court
The Dubai court’s decision on Monday not to extradite Shah came as a surprise to Danish prosecutors, but it appears the hedge fund manager could still be extradited should the decision be overturned.
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