The Emerging Markets Property Group, which owns classified portals Bayut and dubizzle in the UAE, has raised $200 million in funding and will now focus on preparing for an initial public offering “in …
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Dubai-based EMPG, which owns Bayut & dubizzle, raises $200m in funding
The funding round was led by US-based growth equity fund Affinity Partners, with new funding from KCK, Acacia Partners …
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UAE government’s total revenue at AED 305.6 bln in H1 2022 – ministry
The United Arab Emirates’ federal and emirates governments recorded AED 305.6 billion ($83.20 billion) in total revenue in the first half of 2022, the UAE’s finance ministry tweeted on Friday. ($1 = 3 …
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Dubai Financial Market Company posts 133% rise in net profit for nine-month period
Dubai Financial Market Company has registered an increase of 133 per cent in net profit for the first nine months of the year, amounting to Dhs89m, compared to Dhhs38.1m in the same period of 2021.
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UAE startup wants to help Emirati women break into real estate
Regulated by the Dubai Financial Services Authority (DFSA) and licensed under the Dubai International Financial Centre (DIFC), Baytuki is enabling Emirati women to micro invest in real estate with as …
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Bayanat IPO: G42-owned company’s IPO oversubscribed 90 times
Provided by The National Bayanat said the listing and commencement of trading in shares on the Abu Dhabi Securities Exchange is expected to start on Monday, subject to customar …
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Dubai Financial Market Company’s Jan-Sep Net Profit Up 133%
Company PJSC today announced its financial results for the first nine months of the year ended September 30, 2022, r …
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Fund Manager Bridging the Wealth Gap Through Disruptive Finance
Hedge fund managers are some of the most well-known and influential investors in the financial markets. They work to …
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UAE: Bayanat AI PLC’s IPO oversubscribed 90 times
ABU DHABI – Bayanat AI PLC, a public company limited by shares incorporated in the Abu Dhabi Global Market, one of the region’s leading high-growth AI-powered geospatial solutions businesses, today …
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EMPG raises $200 million funding, eying IPO listing
UAE-based EMPG, which owns dubizzle and Bayut, has raised a $200 million in a round led by US-based Affinity Partners, with new …
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UAE’s Bayut, Dubizzle raises $200 million funding
Majority of the investment is to be earmarked in the UAE, the company’s largest market UAE’s Bayut, Dubizzle raises $200 million funding Bayut, business funding, classified website, classifieds …
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LBank Labs Welcomes Czhang as Investment Group Member
Crypto Investment Group, LBank Labs, welcomes new member Czhang to their investment committee team. With many successful investment cases under its belt, LBank Labs is excited to have new talent …
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Dubai’s Lune raises $850,000 in pre-seed round to drive Mena expansion
Lune, a Dubai-based financial technology start-up, has raised $850,000 in a pre-seed round that it will use to expand across the Mena region. The funding for the company, which is registered with the …
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UAE Federal Tax Authority to discontinue eDirham system for tax payment
The Federal Tax Authority (FTA) has announced it will discontinue the eDirham system for paying taxes from Sunday, October 30. It will be replaced with Magnati, the smart payment option from First Abu …
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UAE 2021 state revenue totalled 463.9 bln dirham – state news agency
The United Arab Emirates’ state revenues totalled 463.9 billion dirham ($126.31 billion) in 2021, state news agency (WAM) reported on Tuesday, citing the finance ministry.
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Swissquote adds stocks listed on Dubai Financial Market
Swissquote has connected to the Dubai Financial Market to allow its clients’ access to DFM listed securities as the leading Swiss bank and online brokerage continues to expand its product offering.
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LBank Labs invites Czhang to join as investment group member
Internet City, Dubai, Oct. 26, 2022 — Crypto investment group LBank … Registered in Asia’s crypto hub of Singapore, LBank Labs includes venture capital, hedge funds and also fund of funds. As a …
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