Dubai: Dubai’s Emaar is weighing options to sell fashion e-commerce business Namshi that may include a listing abroad via a SPAC. An outright sale of Namshi may generate $600 million to $700 million …
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UAE top banks’ profits set to improve as provisioning eases -Moody’s
The United Arab Emirates’ top banks are likely to see profits increase over the next 12 to 18 months as they book lower loan-loss provisions while the economy recovers from the coronavirus shock, …
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UAE Leader Holds “Friendly” Call With Old Foe Erdogan
The defacto ruler of the United Arab Emirates held a “positive and friendly” call with Turkey’s President Recep Tayyip Erdogan to discuss bilateral ties, the latest sign of a rapid thaw between the …
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Dubai Islamic Bank plans dollar senior sukuk – sources
Dubai Islamic Bank , the United Arab Emirates’ largest Islamic lender, is planning to soon sell U.S. dollar-denominated senior sukuk, or Islamic bonds, two sources said.
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First Abu Dhabi Bank expected to sell 250 mln pounds in 5-year bonds – document
First Abu Dhabi Bank is expected to sell 250 million pounds ($344.38 million) in five-year bonds, a document showed on Tuesday. FAB, HSBC, Standard Chartered and TD Securities are arranging the deal, …
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UAE Fine Living: Shuraa: UAE Residency for Indian entrepreneurs
The UAE is a popular destination among Indians for business and residency. Which is why, Dubai has been home to Indians for several decades, by way of employment, investment, and entrepreneurship.
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Dubai EXPO-2020: Committee approves proposals for participation
LAHORE: The second meeting of the steering committee chaired by Provincial Minister for Industries & Trade Mian Aslam Iqbal was held here on Monday. The meeting approved various proposals and …
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First China UAE Joint Venture Film Is to Start the Production
Global launching ceremony of a feature film “Home Operation” was held in Beijing Diaoyutai State Guesthouse on July 26th, 2021. Hundreds of officers, journalists and guests attended the ceremony, …
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EXCLUSIVE: Park Hyatt Dubai to form part of ultra-luxury Dubai Creek Resort
The resort has merged with Dubai Creek Golf & Yacht Club, and will undergo a renovation. EXCLUSIVE: Park Hyatt Dubai to form part of ultra-luxury Dubai Creek Resort. dubai creek, dubai creek golf & …
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Middle East’s largest aluminum producer eyes IPO listing amid skyrocketing profits
Emirates Global Aluminum PJSC (EGA) recently posted record profits for January-June 2021 amid a rise in commodity prices, and is now looking to proceed with plans to go public in the near future.
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Emirates Global Aluminium Sees Profit Soar Ahead of Possible IPO
Emirates Global Aluminium PJSC, the Middle East’s biggest producer of the metal, posted a record profit in the first half of the year as prices soared along with those of other commodities.The company …
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UAE banks top GCC banking sector profit growth in Q2-2021
Nine out of 16 listed banks in the UAE reported an increase in net profit Dubai: UAE banks reported the biggest increase in profits during the second quarter of 2021, registering 11.8 per cent quarter …
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Dubai-based streaming platform OSN names Sangeeta Desai interim CEO
Dubai: The Dubai-based online streaming platform OSN said it appointed Sangeeta Desai as interim CEO, effective immediately. Desai, who served as a non-executive director on the company’s board for …
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Signzy enters UAE partnering Seed Group
Banking workflow automation platform, Signzy has entered the UAE through a strategic partnership with Seed Group, the Private Office of the Royal Family of Dubai’s Sheikh Saeed bin Ahmed Al Maktoum.
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UAE banking sector’s profitability rebounds in Q2
The top 10 UAE banks managed a healthy rebound in profitability and balance sheet metrics in the second-quarter (Q2) of 2021, said leading global professional services firm Alvarez & Marsal (A&M) in a …
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‘It’s a Small Club’: Why A&O Believes It Is One of the Middle East’s Big Ticket Elite
We regard ourselves as part of a small club of international firms, along with other Magic Circle firms and one or two U.S. firms, doing the really high-end, big-ticket, complex, innovative work,” …
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Dubai’s Swvl raises $35.5m in growth finance before Nasdaq listing
Dubai mass transit and shared mobility services provider Swvl raised $35.5 million in growth financing before its planned merger and listing on the Nasdaq in the US. Strategic and financial investors …
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