Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s social role …
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10 Most Profitable TV Shows in 2020
From the deadly bushfire in Australia which affected other countries to New Zealand where glaciers turned brown, floods in Dubai and Indonesia … never mentions this but he is one of the first hedge …
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20 Cities with the Most Skyscrapers in the World
Below we presented the list of 20 cities with the most skyscrapers in the world. Click to skip ahead and jump to the top 10 cities with the most …
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IPO Launch: Yalla Group Targets $149 Million U.S. IPO
Yalla Group Limited (YALA) intends to raise $149 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A shares, according to an F-1 registration statement. Dubai, …
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$2.5t Islamic finance sector to rebound gradually
Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s …
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Open for business: How UAE-Israel peace is driving deals at breakneck speed
The news, announced August 13, has led to a slew of deals in recent weeks, with the establishment of a business council and signing of finance, tourism, and other agreements. In what some are calling …
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Saudi Arabia’s BinDawood Holding to delay IPO retail offer
Saudi Arabia’s BinDawood Holding said on Thursday a development relating to the supermarket retailer that requires disclosure in a supplementary prospectus would delay the retail part of an initial …
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Saudi Arabia’s BinDawood Holding to delay IPO retail offering
Saudi Arabia’s BinDawood Holding said on Thursday a development relating to the supermarket retailer which requires disclosure in a supplementary prospectus would result in a delay of the retail part …
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UAE central bank urges banks to step up anti-money laundering efforts
The United Arab Emirates central bank said banks should increase anti-money laundering efforts to safeguard financial stability in the country. Adds details DUBAI, Sept 24 (Reuters) – The United Arab …
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Central bank forecasts UAE GDP to contract 5.2 per cent in 2020
According to the central bank report, the third quarter would register a milder contraction of the non-hydrocarbon GDP that could linger, albeit at a much milder pace, in the four …
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Yalla updates IPO terms, seeks up to $167.4M
Dubai voice-chat app Yalla (YALA) updates the terms of its NYSE IPO to specify 18.6M ADSs at $7-9 per ADS.Underwriters have a 30-day option to purchase an additional 2.79M ADSs at the offering …
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Voice-centric social platform Yalla Group sets terms for $149 million US IPO
Yalla Group, which provides a voice-centric social networking and entertainment platform in the Middle East and North Africa region (MENA), announced terms for its IPO on Wednesday. The Dubai, United …
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UAE announces details of economic substance regulations
ABU DHABI – The Ministry of Finance, MoF, announced today the details of the Cabinet … “This resolution resulted from constructive consultations undertaken by the UAE with its partners in the …
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Statement from H.H. Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance on Saudi National Day
The strategic historical bilateral ties between the UAE and Saudi Arabia were laid by the UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, and was further strengthened by the …
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UAE Central Bank Forecasts Deeper Economic Contraction This Year
The economy of the United Arab Emirates will suffer a deeper contraction this year than first estimated, dragged down by disruptions caused by the coronavirus pandemic, according to the country’s …
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UAE- Hamdan bin Rashid receives Rashid bin Humaid Al Nuaimi
H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, received today at his palace in Zabeel Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and …
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COVID-19: Will salary cuts be the new normal in UAE?
So, bringing down the employee numbers is the only way to manage costs – and most of the cuts will continue to happen in the mid- and senior management levels. “Salary reinstatements will not happen …
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