The United Arab Emirates agreed to buy 80 Rafale fighter jets from France as part of a 17 billion-euro ($19 billion) deal signed during President Emmanuel Macron’s visit to the Gulf nation Friday.Most …
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France’s Macron meets UAE’s ‘MBZ’ at start of Gulf tour
French President Emmanuel Macron met Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed on Friday at the start of a two-day Gulf tour with some lucrative deals set to be signed including several for …
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Dubai’s DP World pulls out of Haifa port privatisation bid
Dubai’s DP World has pulled out of a joint bid with an Israeli company to privatise Israel’s Haifa port, Israel’s privatisation body said. Israel is selling its state-owned ports and building new …
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Statement by the Prime Minister on the United Arab Emirates’ Golden Jubilee
The Prime Minister, Justin Trudeau, today issued the following statement on the United Arab Emirates’ Golden Jubilee: …
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Global hires drive change at Mashreq Bank
Ghurair family member to lead Mashreq Bank. His first two Covid-marred years in charge as chief executive were a baptism of fire, but he has hired well and decisively, putting in place a cosmopolitan …
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The UAE turns 50: A Tribute
Taking over as its founding ‘Executive Editor’exposed me to the who’s who of Indian community in the Emirates and gave me a unique chance to meet the ‘stars’ visiting the UAE from India without any …
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President Buhari Jets Out To Dubai to Attend EXPO 2020
President Muhammadu Buhari is set to fly out of Abuja on Wednesday to attend the EXPO 2020 Dubai in the United Arab Emirates (UAE). (function () { var size=’728×90|300×250′, …
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Dubai utility DEWA hires Citi, HSBC for top roles in upcoming IPO: Sources
Dubai Electricity & Water Authority (DEWA) has hired Citigroup and HSBC in top roles for its upcoming initial public offering (IPO) which could raise up to …
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Dubai’s $25 Billion State Utility Picks Banks for Record IPO
State-owned utility Dubai Electricity & Water Authority has picked banks to arrange what could be the biggest-ever listing in the Persian Gulf emirate, people with knowledge of the matter said. DEWA …
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Dubai utility DEWA hires Citi, HSBC for top roles in IPO -sources
Dubai Electricity & Water Authority (DEWA) has hired Citigroup and HSBC in top roles for its upcoming initial public offering (IPO) which could raise up to $2 billion, sources said.
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Anantara Dubai The Palm appoints new director of finance
Anantara Dubai The Palm continues to bolster its departments, hiring a new director of finance. Mohit Kohli joins the Palm Jumeirah resort having spent more than 20 years in the industry. Kohli will …
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UAE – Banking sector profitability rebounds to pre-pandemic levels
The UAE banking sector witnessed a strong comeback as profitability rebounded to pre-pandemic levels with a robust growth in Net Interest Income (NII) and other income, a review of third-quarter …
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Banking sector profitability rebounds to pre-pandemic levels
The 10 largest listed banks include FAB, Emirates NBD, ADCB, DIB, Mashreq Bank, ADDIB, CBD, National Bank of Fujairah, National Bank of Ras Al Khaimah and SIB.
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Cars24 raises Dh75m loan from Dubai bank
The company, valued at $1.8 billion, is one of the most valuable privately held pre-owned car startups globally. by A Staff Reporter Tue 30 Nov …
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Emirates could be taxiing toward an IPO take-off – but will it fly with investors?
The hum of speculation about a privatisation of the carrier has intensified in recent weeks but markets will need convincing that it can trade profitably after being propped up by Dubai’s government …
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GCC banking sector net profits show increase; hit $9.4bn in Q3
a new record high for the GCC banking sector, as compared to $2.0 Trillion at the end of Q2-2021. Saudi Arabian banks reported the biggest absolute sequential growth in customer deposits followed by …
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Dubai government considering Emirates IPO – airline president
The Dubai government is considering an initial public offering of Emirates airline, the flagship carrier’s President Tim Clark said on Monday, as authorities work to boost activity on the local stock …
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