The majority of respondents recognised finance, technology and energy as the favoured investment options. “Predictions are part and parcel of financial advisory. But, if 2021 was anything to go …
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Manyavar-owner Vedant Fashions collects Rs 945 cr from anchor investors ahead of IPO
Since the IPO is entirely an offer for sale … including 11 overseas EBOs across the United States, Canada and the UAE, which are countries with a large Indian diaspora.
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Apex Group appoints new managing director for Bermuda
In recent years, Mahon has been a consultant and chief operating officer for various companies including Dubai-based Eco3tech … Mahon held numerous senior fund administration and accounting roles at …
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UAE Wealth Funds Behind $10 Billion Israel Plans Scout for Deals
(Bloomberg) — Major United Arab Emirates wealth funds have discussed expanding into Israel to advance up to $10 billion in investments over the next decade, according to three people familiar with …
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UAE Wealth Funds Behind $10 Billion Israel Plans Scout for Deals
(Bloomberg) — Major United Arab Emirates wealth funds have discussed expanding into Israel to advance up to $10 billion in investments over the next decade, according to three people familiar with …
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UAE chooses Accenture to develop national payments platform
Alongside suppliers G42 and SIA, the digital payments arm of Nexi Group, Accenture was selected by the Central Bank of the UAE (CBUAE) to build and operate the UAE’s National Instant Payment Platform …
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UAE: Impounded cars sold for as little as Dh2,000 at public auctions
The five car auctions generated a high influx of bidders, whose number exceeded 1,200, in a context of strong competition for the cars on sale, and the value of which was paid for by bank cards and …
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Saudi Pharmacy chain seeks $1.3 billion in top IPO since Aramco
Al Nahdi Medical Co. has appointed investment bankers for potential IPO Riyadh: Saudi Arabia’s largest pharmacy retail chain plans to seek about $1.3 billion in an initial public offering in the next …
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UAE Central Bank ropes in Accenture to lead national instant payment platform
Accenture will build and operate the National Instant Payment Platform over five years Abu Dhabi: Accenture has been selected by the Central Bank of the UAE (CBUAE) to lead a consortium of companies …
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UAE Central Bank launches new general terms and conditions for standing credit and liquidity insurance
As part of its Dirham Monetary Framework implementation plan, the Central Bank of the UAE (CBUAE) will introduce new general terms and conditions for its standing credit and liquidity insurance …
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Spanish investment bank Alantra launches Dubai office
Spanish investment bank Alantra ALNTA.MC is launching an office in Dubai as it seeks to expand its international client network and win more business from corporates and high net worth individuals in …
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Dubai’s Department of Finance reinforces efforts to further enhance emirate’s business environment
DUBAI, 1st February, 2022 (WAM) — The Government of Dubai’s Department of Finance (DOF) said that, under the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of …
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UAE – DIB joins Etisalat Digital’s Blockchain platform
Dubai Islamic Bank (DIB) has announced that it has become an official member bank of UAE Trade Connect (UTC). UTC is the first commercialised blockchain platform of its kind in the UAE built on …
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Dubai Financial Market Company posts net profit of Dhs103.8 million
Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. The UAE has been ranked first in the in the region, and fourth globally in the …
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Dubai Islamic Bank joins Etisalat Digital’s Blockchain platform “UAE Trade Connect”
Dubai Islamic Bank has announced today that it has become an official member bank of UAE Trade Connect (UTC). Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second-largest …
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UAE Finance Ministry to introduce federal corporate tax on business profits
Abu Dhabi, Feb. 1 (BNA): The Ministry of Finance has announced that the UAE will introduce a federal corporate tax on business profits that will be effective for financial years starting on or after …
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New UAE corporate tax: Top 10 questions answered
The UAE’s Ministry of Finance on Monday announced a federal corporate tax on business profits from June 1, 2023. Below are the top ten queries raised by businesses in the country: All activities …
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