Nomura Holdings Inc. eliminated about a half dozen investment banking jobs in Dubai, as Japan’s biggest brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other …
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Saudi Arabia’s BinDawood Holding sets IPO price range
DUBAI — One of the leading Saudi supermarket retailer BinDawood Holding set price range for its initial public offering (IPO) seeking to raise as much as $585 million (2.19 billion Saudi riyals) in a …
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UPDATE 1-ADNOC completes $1 bln institutional placement for distribution business
State-run Abu Dhabi National Oil Company (ADNOC) said on Monday it had completed a placement to institutional investors of 10% in its subsidiary ADNOC Distribution’s total share capital, or 1.25 …
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UAE’s jewellery retailers are cashing in by selling their excess gold stocks
With demand down by 60-70%, retailers use their unsold stocks to pay off debt Dubai: UAE’s shoppers are staying away from jewellery stores after gold prices touched record highs – but that doesn’t …
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DIFC, DFF join forces to drive future of finance
The Dubai International Financial Centre is a leading global financial center in the MEASA region, and is now home to more than 200 fintech companies. Short Url https://arab.news/r6jsy Dubai …
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Dubai International Financial Centre to Continue Working with Local Organizations on Fintech Projects
The Dubai International Financial Centre (DIFC), which serves as an global financial hub in the MENA and South Asia region, has signed a Memorandum of Understanding (MoU) with the Dubai Future …
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Open banking: DAPI’s open letter to the UAE Bank Federation Advisory Council
An open letter on open banking, a framework for responsible innovation for banks and the fintech community in the UAE Members of …
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Saudi Arabia’s BinDawood Holding sets IPO price range, aims to raise up to 2.2b riyals
The company plans to offer 22.86 million existing shares at an indicative pricing of between 84 riyals to 96 riyals per share in the planned IPO, according to a regulatory filing on Sunday. It will …
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Saudi Arabia’s BinDawood Holding sets IPO price range, aims to raise up to $585mln
Saudi Arabian supermarket retailer BinDawood Holding set an indicative price for its initial public offering, seeking to raise as much as 2.19 billion riyals ($585 million) in a Riyadh listing. The …
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Mideast Stocks – UAE bourses ease in early trade; other major markets gain
Stock markets in the United Arab Emirates fell in early trade on Sunday amid a resurgence in new coronavirus cases, while other major Gulf markets traded higher. On Saturday, the United Arab Emirates …
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Saudi Arabia’s BinDawood Holding sets IPO price range, aims to raise up to 2.2 bln riyals
Saudi Arabian supermarket retailer BinDawood Holding set an indicative price for its initial public offering, seeking to raise as much as 2.19 billion riyals ($585 million) in a Riyadh listing.
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Dubai International Financial Centre and Dubai Future Foundation Collaborate To Make the Emirate a Leading City of the Future
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has reaffirme …
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Open banking: DAPI’s open letter to the UAE Advisory Council
An open letter on open banking, a framework for responsible innovation for banks and the fintech community in the UAE Members of …
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Finding ways to connect with UAE’s unbanked
Digital payment solutions, despite the widespread reach of high-speed internet, have not had it easy, primarily because a large number of this consumer demographic remains unbanked. Image Credit: …
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UAE: Indian honoured for returning bag containing USD 14,000, gold
An Indian residing in Dubai was honoured by the police or returning a bag containing USD 14,000 and gold, a media report said on Saturday. Retesh James Gupta, returned a bag to the police contained …
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Tristar Group defies pandemic, confident of promising outlook
Tristar Group sees a promising outlook despite the coronavirus pandemic and a slowdown in the global economy, and says the group has a “resilient business model” built on long-term contracts, its top …
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IPO rush is mix of carrot and stick
The opinions expressed are their own.) SAN FRANCISCO/NEW YORK – T he rush of companies looking to go public won’t last much longer. The amount raised in U.S. initial public offerings is at its highest …
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