Once completed, the reorganisation would make it the third publicly listed stock exchange in the Gulf after the Dubai Financial Market and Boursa Kuwait. The exchange hired HSBC Holdings in 2016 …
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Saudi Central Bank outlines COVID-19 strategy to IMF
When it comes to GCC, Saudi Arabia and the UAE are the shining lights — both having rolled out successful vaccination programs for their populations …
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Saudi bourse revamps corporate structure, targeting IPO in 2021
In March, Reuters reported that bourse has invited banks to pitch for its IPO. Sarah al-Suhaimi will chair the new group … That compares with about $18bn in the Dubai Financial Market PJSC, which …
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Saudi Exchange restructures into Saudi Tadawul Group ahead of targeted IPO
The reorganisation and upcoming IPO are part of the vision to place Kingdom’s financial markets among the world leaders …
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Bank of Nevis International targets Dubai millennials with impact investments
Bank of Nevis International Trust Services Inc. (Bonits), a provider of migration investment, trust, and company formation services, has launched its first international outpost office in Business Bay …
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Saudi Exchange Revamps Corporate Structure, Targeting IPO
The newly created Saudi Tadawul Group will have four subsidiaries, comprising the exchange, a clearing center, a depository company and a technology-services business. The changes create the …
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UAE’s President Sheikh Khalifa appoints new central bank governor
United Arab Emirates President Sheikh Khalifa bin Zayed has appointed Khalid al-Tameemi as governor of the UAE’s central bank, state news agency WAM said, …
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UAE Appoints Veteran Al Tameemi as Central Bank Governor
The United Arab Emirates appointed financial services veteran Khaled Mohammed Al Tameemi as the Gulf nation’s central bank governor as it plots a way out of the pandemic-driven economic downturn. Al …
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UAE central bank issues best practice rules for financial products
The purpose of the regulation was to improve SMEs’ access to financial products and services, following the launch of its new regulatory framework for financial consumer protection, the central bank …
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Tristar Transport launches IPO of up to 24% stake
Tristar Transport, a leading global integrated liquid logistics solutions provider headquartered in Dubai, UAE, has launched its initial public offering (IPO) on the Dubai Financial Market (DFM). The …
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Revealed: Most common scams in UAE
Prize scams using phone calls, fake discount offers, WhatsApp account takeover fraud and fake delivery emails were some of the most common scams witnessed by the UAE banking sector during the Covid-19 …
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Nasdaq Dubai welcomes listing of $2.5b Sustainability Sukuk by IsDB
Proceeds of the Sukuk will be allocated to finance and refinance green and social development projects that are eligible under IsDB Sustainable Finance …
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UAE to create 25,000 jobs in vital sectors over next five years
alongside its continued mandate to provide Emiratis with housing finance. In addition to providing flexible housing solutions, EDB will complement its offering to companies and entrepreneurs with …
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Dubai Islamic Bank plans to sell AT1 Islamic bonds – sources
Dubai Islamic Bank, the United Arab Emirates’ largest Islamic lender, plans to tap the international debt markets with U.S. dollar-denominated Additional Tier 1 (AT1) sukuk, or Islamic bonds, as soon …
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Builders and Vaccines Power UAE Business Growth Near 2-Year High
Business conditions in the United Arab Emirates improved at the fastest pace in 20 months, taking a sharp turn for the better with the vaccine rollout and an upswing in construction work.Non-oil …
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UAE Central Bank issues new rules to boost financial aid for SMEs
The Central Bank of the UAE (CBUAE) has issued a small to medium sized enterprises (SME) market conduct regulation to promote best practices among licensed financial institutions (LFIs) when engaging …
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Tristar Sets Price Range for Second Dubai IPO in Three Years
If priced at the top of the of the range, the IPO would be the biggest on Dubai’s main exchange since 2017, when Emaar Development PJSC raised $1.3 billion. Since then, new offerings have languished …
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