Once the shock of Covid-19 passes, a structural problem will reemerge; namely that the world has an abundance of oil but a shortage of capacity to absorb emissions from that oil …
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Sharjah offers business professionals key insights on leveraging the UAE Commercial Companies Law across the emirate’s industries
Changes in emirate’s investment landscape highlighted at seminar organised by Sharjah FDI Office (Invest in Sharjah) and Sharjah Economic Development Department …
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Meet Aziz Al Harbi of RoboStores, the Saudi expat who is at home in the UAE
Dubai: Several expats who come to the UAE in search of greener pastures continue to live here. Their children grow up in the UAE and make it their home. His father Bander Al Harbi was then making a …
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Mubadala seeks over $20bn value for EGA in IPO
EGA is the Middle East’s biggest aluminium producer and is equally owned by Mubadala and Investment Corporation of Dubai …
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Clifford Chance advises on Yahsat’s IPO, ADX listing
Leading international law firm Clifford Chance has advised as Banks’ counsel on Mubadala-owned, Al Yah Satellite Communications Company PJSC (Yahsat) landmark IPO and listing on the Abu Dhabi …
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Indian rupee expected to weaken further in the week ahead
Dubai: Indians in the UAE planning to send money home can expect exchange rates of UAE dirham against rupee turning in their favour next week as the Indian currency is expected to weaken further in …
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Can power rentals make up for low GCC liquidity?
Portable power providers will leverage the rental business until market fluidity returns amidst declining global crude values.. Can power rentals make up for low GCC liquidity?. ANALYSIS, Business.
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Rupee expected to weaken further in the week ahead
Dubai: Indians in the UAE planning to send money home can expect exchange rates of UAE dirham against rupee turning in their favour next week as the Indian currency is expected to weaken further in …
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Licencing regime introduced for UAE’s retail payments service providers
Central Bank of UAE issues Retail Payment Services and Card Schemes Regulation Dubai: The Central Bank of the UAE (CBUAE) on Saturday unveiled the Retail Payment Services and Card Schemes Regulation, …
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Sharjah Islamic Bank posts Dh289.5 million H1 net profit
Dubai: Bank’s net operating profit before provisions were up by 25.6 per cent, amounting to Dh417.3 million for the first six months, compared to Dh332.3 million for the same period of the previous …
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VC does it for startups in the UAE
The UAE is building a strong foundation to create a secured, innovative and futuristic startup ecosystem led by policies that complement macroeco …
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UAE’s first digital bank launches app after securing final approvals
The digital only bank said it has launched its banking app to allow customers to start creating their current and savings accounts in less than five minutes. New survey shows 89% of consumers are now …
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Mubadala Seeks Over $20 Billion Value for EGA in IPO
Mubadala Investment Co. is seeking a value of more than $20 billion including debt for Emirates Global Aluminium PJSC as it inches closer to listing the business, according to people familiar with the …
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More IPOs expected in UAE as privatisation progresses
A bulging pipeline of business is livening up the UAE’s formerly sleepy equity capital markets, following a series of eye-catching transactions in recent weeks, following on from the largest IPO for …
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UAE and Hungary to strengthen economic, investment relations
As part of its endeavours to strengthen and activate means of economic and investment cooperation with various countries of the world, the UAE, represented by the Ministry of Finance (MoF), …
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UAE, Hungary sign agreement on promotion and protection of investments
The UAE, represented by the Ministry of Finance (MoF), has signed an agreement to promote and protect mutual investments with Hungary. The agreement, which was signed in Abu Dhabi, aims to enhance …
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FinTech: Why these startups are banking on a payments revolution in the Middle East
“We’re also going to see more and more opportunities surrounding open banking,” says Karim Dakki, CEO at UAE-based startup Klaim, citing buy now, pay later (BNPL) options as “the next important …
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