Dubai: Utico, the UAE’s utility firm plans a share buyback ahead of its Initial Public Offering (IPO) and stock market listing later this year. The privately-owned firm is in talks with six banks for …
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UAE eyes booting investments in Egypt to $35B in 5 years
The UAE is looking forward to boosting its investments in Egypt to $35 billion over the coming five years after investment reached $20 billion now …
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UAE’s ADQ to Allocate $10 Billion in Investments in Partnership With Egypt, Jordan – WAM
Abu Dhabi state holding firm ADQ will allocate an investment fund of $10 billion towards projects arising from a partnership with Egypt and Jordan, the United Arab Emirates’ state news agency WAM …
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UAE: 7,434 vaccine doses administered in 24 hours
The UAE has administered 7,434 doses of the Covid-19 vaccine in … 1.93 billion as per the provisional reports by 7am today (Saturday). Meanwhile, the World Bank has approved $500 million in …
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Investors should not hold their breath over Qatar Airways IPO
If any IPO happens, that would only be by end of this decade Dubai: Qatar Airways, one of the biggest long-haul carriers in the world, would go for an IPO – but investors eyeing a chance will need to …
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Thetaray Wins“AML Solution Provider Of The Year Award” At Dubai’s Middle East Banking AI & Analytics Summit 2022
ThetaRay, a leading fintech providing AI-powered transaction monitoring technology, today announced it was named winner of the“AML Solution Provider of the Year Award” by Middle East Banking AI & …
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Want to visit the places you see on the new UAE banknotes? Read this
Learn about the UAE’s culture and history at these locations Dubai: Don’t have any plans for the weekend? How about a cultural trip across the UAE? For inspiration, you can simply pull out the …
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Abu Dhabi bourse rebounds ahead of Borouge IPO, Dubai flat
Stocks in Abu Dhabi rebounded on Friday, ahead of its biggest ever initial public offering (IPO) of petrochemicals firm Borouge, although the Dubai index ended flat.
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Middle East’s first special purpose acquisition company soars in Abu Dhabi trading debut
Trading follows the conclusion of ADC’s public subscription to retail and professional investors, which started on 12 May 2022 and raised a total of AED 367 million through an IPO of 36.7 million …
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UAE Nationals To Get Interest-Free House Loan Under New Policy
has revealed that the UAE Cabinet has endorsed a new policy for UAE nationals home finance or loan free of interest. Housing loans shall be financed through collaboration between the Sheikh Zayed …
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UAE’s first SPAC – ADC Acquisition Corp. – starts trading on ADX
Launched by ADQ and Chimera Investment, new SPAC raised Dh367m for acquisitions Dubai: Shares of the first UAE SPAC (Special Purpose Acquisition Company) has started trading on Abu Dhabi Securities …
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New policy for UAE nationals home finance: Suhail Al Mazrouei
has revealed that the UAE Cabinet has endorsed a new policy for UAE nationals home finance. According to the new policy, housing loans shall be financed through collaboration between the Sheikh Zayed …
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$176.02mln retirement pensions to be disbursed on May 27: UAE’s GPSSA
GPSSA explained that the number of individuals entitled to a pension in May 2022 is 44,794, compared to 41,277 in May 2021 …
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World Bank’s IFC extends $30m loan to UAE’s waste management company Averda
The International Finance Corporation is providing a $30 million loan to waste management company Averda, as it looks to continue partnering with UAE-based companies to help them expand in developing …
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UAE banker flies in to Doha to attend HEC Paris EMBA
Maadhavi Bhhatia, who flies in from the UAE to Doha regularly to attend Executive MBA (EMBA) with HEC Paris in Qatar, says that executive education can future proof careers.
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UAE-Israel trade exceeded $2.5 billion since Accords were signed
Israel and the UAE are also preparing to sign a free-trade agreement … “Apart from a direct diplomatic connection (and also direct bank transfers) – we have everything needed between the countries …
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Sheikh Abdullah bin Zayed and German finance minister discuss economic ties
Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, on Thursday had talks with Christian Lindner, Germany’s Minister of Finance, in Berlin. During the meeting, the …
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