The bank was set up in 2018 by Mubadala as the world’s first digitally enabled trade bank, in collaboration with AGTB Holdings Li …
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Borouge’s $2bn Abu Dhabi IPO draws $83bn of orders
The United Arab Emirates’ main oil company and Borealis raised $2bn in the initial public offering of their chemicals joint venture, drawing $83bn of orders in the latest sign of strong demand for …
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UAE jobs: which sectors are hiring new graduates in 2022?
The UAE’s advertising/marketing/public relations industry is hiring the highest number of fresh graduates, a new survey reveals. Twenty-four per cent of fresh graduates in the Emirates said this …
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UAE increases fuel prices, a litre now costs over Dhs4
The UAE energy ministry significantly raised the prices of petrol and diesel for the month of June, taking effect on June. 1 As the prices of all types of fuel exceeded the Dhs3 in the UAE. These …
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UAE: Mohamed bin Zayed lauds ADNOC’s youth empowerment efforts
President receives ADNOC team accompanied by Dr. Sultan bin Ahmed Al Jaber Abu Dhabi: President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday received the Abu Dhabi National Oil Company …
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Adnoc delivers latest blockbuster IPO, largest-ever Abu Dhabi listing
The Offering was significantly oversubscribed and experienced overwhelming demand from UAE Retail Investors and Qualified Institutional Investors. Total gross demand for the IPO amounted to over $83.4 …
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UAE: Adnoc announces largest company IPO, oversubscribed almost 42 times
Abu Dhabi National Oil Company (Adnoc) announced the successful completion of the bookbuild and public subscription process for the Initial Public Offering (IPO) of Borouge plc, along with its partner …
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Biggest Abu Dhabi listing ever: Borouge IPO sees $83.4 billion demand, 42 times oversubscribed
Borouge is a petrochemicals firm jointly owned by ADNOC and Borealis AG Biggest Abu Dhabi listing ever: Borouge IPO sees $83.4 billion demand, 42 times oversubscribed Abu Dhabi, Abu Dhabi National Oil …
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ADNOC Delivers Latest Blockbuster IPO, Largest-Ever Abu Dhabi Listing To Date
ABU DHABI, 31st May, 2022 (WAM) — Abu Dhabi National Oil Company (ADNOC) together with its long-standing partner Borealis AG today announced …
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In UAE, investors need to think of inflation hedging ways
Chasing the mid space in real estate and capital market investments seem right thing to do The inflation rollercoaster is back, along with volatility in global asset markets. As interest rates march …
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Commercial Bank of Dubai recognized with “Best Innovation in Investments Banking” Award
Dubai: Commercial Bank of Dubai, one of the leading banks in the UAE, has won the “Best Innovation in Investments Banking” award for its robo-advisory app CBD Investr. In addition, CBD’s General …
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Dubai-based Tarabut Gateway partners with four Saudi banks
Dubai-based fintech Tarabut Gateway is working with four major Saudi banks as the kingdom approaches the launch of open banking. The DIFC-based platform said it has been selected by Riyad Bank, Saudi …
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Dubai Chambers, Citi Sign MoU to Boost Cooperation and Business Competitiveness
Dubai Chambers recently signed a memorandum of understanding (MoU) with Citi UAE to enhance cooperation and coordination to serve common goals, boost co …
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Abu Dhabi’s Borouge draws $80bln in demand for its IPO: sources
DUBAI: Abu Dhabi-based petrochemicals company Borouge has attracted demand of $80 billion for its initial public offering, two sources told Reuters, as retail investors snapped up shares despite …
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Emirates Development Bank Highlights Growth-Focused Financing Solutions at MEA Finance Banking Technology Summit 2022
Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has participated i …
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UAE’s Utico hires banks to advise on potential IPO
UAE-based utility Utico has hired banks including Goldman Sachs, HSBC Holdings and Standard Chartered to advise on a potential IPO in Dubai this year, joining a steady stream of companies tapping the …
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Nearly 90% think UAE bank account opening is too complicated
Identity proofing platform IDnow and YouGov research finds UAE residents are frustrated by bank account applications.
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