Stock offer was oversubscribed, with Emirates Investment Authority picking up 5% Dubai: Abu Dhabi’s Mubadala-owned satellite company Yahsat has set a price of Dh2.75 a share for its IPO.
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Serbia’s best friend in the Arab world: The UAE
Serbian President Aleksandar Vučić, accompanied by Mohamed Alabbar, an entrepreneur and the chairman of UAE real estate firm Eagle Hills, attended a ceremony in Belgrade. It commemoratedthe final work …
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UAE-based Mashreq taps Comarch to digitise wealth management services
Partnership with Comarch will provide Mashreq clients with a comprehensive suite of new digital technologies as well as a simpler and strong client experience …
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Dubai Police fulfil a mother’s wish to virtually meet her inmate son
Police team visits woman’s house and helps her join her son in a virtual meeting Dubai: Dubai Police brought joy to a mother by helping her communicate with her son — currently an inmate at the …
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Mubadala’s Yahsat IPO set to raise $730 million after final pricing
DUBAI (Reuters) – The initial public offering (IPO) of Yahsat, the satellite company of Abu Dhabi state investor Mubadala, is set to raise 2.68 billion dirhams ($730 million) after the deal was priced …
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Mubadala’s Yahsat IPO set to raise $730 mln after final pricing
The initial public offering (IPO) of Yahsat, the satellite company of Abu Dhabi state investor Mubadala, is set to raise 2.68 billion dirhams ($730 million) after the deal was priced around the middle …
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Mubadala’s Yahsat garners strong demand at middle of IPO price range-sources
State investor Mubadala’s satellite company Yahsat has garnered strong demand for its initial public offering at the middle of an indicative price range, three sources familiar with the deal said.
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No Surprise Here: The UAE Ranks as the Second-Safest Country in the World
The UAE’s tireless efforts in keeping its residents safe have not gone unnoticed by the international media. In Global Finance magazine’s index of the world’s safest countries, the UAE ranked second …
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OPEC Agreement At Risk As UAE Prepares To Open The Taps
Cracks are beginning to show in OPEC’s production cut agreement, with the UAE all but promising to open the taps and increase oil production …
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UPDATE 1-Mubadala’s Yahsat IPO draws investors, could raise $735 mln, sources say
Yahsat, the satellite company owned by Abu Dhabi’s Mubadala, has attracted strong demand for its initial public offering (IPO) in the middle of an indicative price range, potentially raising about …
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Expat woman, deceived by husband over bank loan, flies home, thanks to Dubai Police
Dubai Police’s Victim Support Section also rescues man who tried to commit suicide Dubai: Dubai Police have come to the assistance of an expatriate woman who was stuck in the UAE since 2014 owing to …
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Almost 90% of UAE brands changed customer experiences due to the pandemic, study shows
A recent survey showed that 87 per cent of UAE brands experimented with new marketing approaches during the Covid-19 pandemic …
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India’s food delivery portal Zomato aims for $8b IPO
Delhi: The Indian food delivery company Zomato’s IPO is priced at Rs72 to 76 per share, giving it a valuation of as much as $7.98 billion. Zomato, backed by China’s Ant Group and one of India’s most …
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Woman, deceived by husband over bank loan, flies home — thanks to Dubai Police
Dubai Police’s Victim Support Section also rescues man who tried to commit suicide Dubai: Dubai Police have come to the assistance of an expatriate woman who was stuck in the UAE since 2014 owing to …
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IPO Corner: From Zomato to Paytm and Delhivery, here’s what to look forward to in 2021
Here’s a look at highly-anticipated initial public offerings that will hit primary markets in the near future Primary markets are abuzz as two initial public offerings (IPOs) have launched this week …
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Need funds for your business? Here’s what you should know about crowdfunding
Dubai: Crowdfunding, like the word suggests, is when a ‘crowd’ funds a project or business, rather than one or two major investors. In other words, crowdfunding is when businesses, organisations or …
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UAE ranked world’s second safest country in 2021
The UAE has been ranked the second safest country among the world’s 134 countries in 2021 in a new report. The UAE’s top ranking can be attributed to its robust health sector and Covid-19 vaccination …
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