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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Dubai government weighing IPO of Emirates airline, says president Tim Clark
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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UAE banking sector profitability rebounds in Q3: A&M
While UAE banks have recorder a slowdown in balance sheet growth, there has been a sharp rise in earnings indicating that banks are prioritizing profitability over growth, said professional services …
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Emirates NBD hosts Austrian delegation at Future Banking branch at Expo 2020 Dubai
Emirates NBD Group, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, and a Premier Partner and the Official Ba …
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Cashfree Payments investments in UAE payment gateway, Telr
Payments and API banking solutions company, Cashfree Payments (Cashfree) announced an equity investment of $15 million in Telr …
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Cashfree Payments expands its MENA presence through investment in UAE-based Payment Gateway, Telr
Leading payments and API banking solutions company, Cashfree Payments (Cashfree) announced an equity investment of …
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UAE’s new legal reforms to usher in more FDI and support SMEs, experts say
The new legal reforms recently announced by the UAE government are expected to help the country attract more foreign direct investment and support the growth of small and medium enterprises to …
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Cashfree Payments invests $15 million in UAE-based payment gateway Telr
Cashfree aims to become the top payment service provider in the Middle East and North Africa region in the coming years. With Telr, Cashfree will develop a unified cross-border payments platform to …
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Cashfree invests in UAE-based Telr, explores global expansion
Payments and banking solutions provider, Cashfree Payments has invested close to $15 million in the UAE and Saudi Arabia-based payment service provider, Telr, as it looks to expand its product …
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