The newly licenced firm will connect companies needing trade finance solutions with financial institutions on DP World’s CARGOES Finance platform. Small and medium sized enterpris …
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MobiKwik appoints 4 new independent directors ahead of IPO
Ahead of its IPO opening, MobiKwik has appointed four new independent directors. Digital payments company MobiKwik on Friday has appointed four new independent directors ahead of its IPO opening in …
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Devyani International IPO Allotment Date: Direct Link To Check Devyani IPO Allotment Status
Devyani International IPO Allotment Date is today, according to reports. Investors are seeking to know Devyani International IPO Allotment status. Pizza Hut, KFC and Costa Coffee operators in India …
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Al Baraka Banking Group records a net profit of US$ 53mln attributable to shareholders, for the first half of 2021
Manama: The Bahrain headquartered leading Islamic banking multinational, Al Baraka Banking Group BSC (The Group), which is traded at Bahrain Bourse and Nasdaq Dubai (under the trading code “BARKA”), …
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UAE’s Shuaa Capital posts biggest H1 net profit in a decade
Shuaa Capital, the UAE-based asset management and investment banking platform, has announced its biggest half-year net profit in a decade. The company recorded net profit of AED54 million, up …
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Is it game over for Chinese tech investing?
The investing landscape in China has changed profoundly, but as the dust settles and the panic selling subsides we will start to look at the sector.
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World Bank Appoints New Country Resident Representative For UAE
The World Bank has announced the appointment of Mrs. Iva Hamel, a Bulgarian national, as its new Resident Representative for the World Bank in UAE, effective Aug 16, 2021. Mrs. Hamel, Joined the Bank …
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UAE- Amlak Finance posts of Dh197 million net profit in H1
Amlak Finance, a leading Islamic real estate financier, reported on Wednesday a net profit of Dh197 million for H1 2021, compared to net loss of …
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Dubai Financial Services Authority appoints new CEO
Christopher Calabia was named new CEO of Dubai Financial Services Authority, according to the website of the regulator. Effective Oct. 1, Mr. Calabia will replace Bryan Stirewalt, who has been serving …
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China bank loans fall to 9-month low, modest policy easing expected
China’s new bank loans fell more than expected in July to their lowest in nine months while broad credit growth hit a 17-month low, adding to market expectations that modest policy easing may be …
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Exxaro Tiles IPO: Allotment date, how to check application status & GMP
After the finalisation of allotment, the funds will be refunded to ineligible bidders on August 12 and equity shares will be credited to demat accounts of eligible investors on August 13.
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DP World to facilitate trade finance from DIFC in boost to SMEs
DP World Financial Services, a DP World company, is to begin facilitating access to trade finance for smaller companies as part of DP world’s …
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Dubai’s Amlak Finance posts Dh197m H1 2021 net profit
Dubai: Amlak’s H1 2021 revenues decreased by 19 per cent to Dh117 million as compared to Dh145 million in H1 2020 excluding fair value losses on investment properties and gain on debt settlement. The …
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Dubai’s DP World to offer trade finance to help small businesses
DP World’s CARGOES Finance Platform intends to bring real-time data on trade passing Dubai: DP World Financial Services Limited, a DP World company, will provide easy access to trade finance for small …
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UAE, Saudi lead GCC’s post-COVID economic recovery
UAE’s recovery is supported by high oil price, vaccination rate and structural reforms Dubai: The UAE and Saudi Arabia are leading the post-pandemic economic recovery of the GCC, according to …
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Besix says work in full swing at Dubai’s W-t-E plant
Besix, a leading Belgian infrastructure group with a major regional presence, said work is in full swing at Dubai’s waste-to-energy project site with the first structural steel elements being put in …
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Azizi teams up with banking partners to extend financing offers in the region
Azizi Developments, a UAE private developer, merged with regional banking partners to extend home financing offers for the developer’s units in Al Furjan. Azizi teams up with banking partners to …
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