Al Mal Capital on Monday announced that it has raised AED350 million ($95.2 million) in the initial public offering (IPO) of units in Al Mal Capital REIT, its newly founded entity. Al Mal Capital REIT …
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Dubai’s Al Mal Capital raises Dh350m for its IPO in turbulent times
Dubai: Dubai’s first IPO (initial public offering) in some time, Al Mal Capital, raised Dh350 million for its real estate investment trust (REIT). The issue. which closed its subscription on December …
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Uptake of Islamic finance in Bahrain, UAE, and Saudi rising
Bahrain, the UAE, and Saudi Arabia have ranked in the world’s top five Islamic finance economies, according to the latest annual Islamic Finance Development Indicator (IFDI) Bah …
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UAE- ADGM Completes 2020 with notable achievements, growth and new partnerships
Abu Dhabi Global Market (ADGM), the award-winning international financial centre, marked a record year of growth in 2020, with significant achievements across core areas of FinTech, regulation, …
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Renewable energy holds shared potential for China and UAE
A report by the State of Green Finance in the UAE surveyed a cross section from the private banking and investment sectors, finding nearly a quarter have invested in green projects from their assets.
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UAE- EAD wins ‘Outstanding Contribution to Biodiversity Global 2020 Award’
The Environment Agency Abu Dhabi (EAD) has won the Outstanding Contribution to Biodiversity Global 2020 Award, by Capital Finance International (CFI.co).
EAD, the region’s largest environmental …
Dubai ruler approves $15.5bln budget for 2021
Dubai has unveiled a spending plan worth 57.1 billion UAE dirhams ($15.5 billion) for fiscal year 2021, a decline of 9.3 billion dirhams from the 2020 outlay. His Highness Sheikh Mohammed bin Rashid …
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Shopping in UAE: 5 tips to land a good deal
Securing bargains and discounts is easy when you know what you are looking for, especially during flash sales and shopping festivals. >> Online bargains: The burgeoning online space in the UAE has …
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UAE- OFID supports Malawi with $20m loan to boost rural livelihoods
The Opec Fund for International Development (OFID) has signed a $20 million development loan agreement with Malawi to improve the livelihoods of around 1.3 million people living in rural areas. …
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Dubai economy forecast to grow by 4 per cent in 2021
Since the onset of the COVID-19 pandemic, Dubai has responded with swift and effective health measures and economic support initiatives that protected lives and livelihoods.
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UK-UAE export credit deal set to ‘significantly’ boost trade corridor
The recent signing of a reinsurance agreement between the UAE and the UK is set to lead to an influx of British companies exporting into the region, according to experts. The new agreement – signed by …
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UAE’s ‘Great Game’ in Red Sea complicates regional balance
Analysts believe that despite reducing its military footprints in Yemen in 2019, UAE has consolidated itself in the southern regions. It has continued to finance and impart training to thousands of …
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Dubai economy forecast to grow 4% in 2021
Outlook take into account prevailing conditions and global economic situation Dubai: A recent study by Dubai Economy estimates growth to accelerate to 4 per cent in the emirate by 2021, taking into …
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Chinese steel manufacturer Huadi International widens range to $7 to $8 ahead of $23 million US IPO
Huadi International Group, which manufactures steel pipe and tube products in China, widened the proposed range for its upcoming IPO on Wednesday … the Philippines, UAE and Canada. Huadi …
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UAE: Reader complains against bank agent’s false information on quick cash loan
Bank did not clarify its policy on quick cash … Dear Reader, This section is about Living in UAE and essential information you cannot live without. Register to read and get full access to …
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UAE economic activity recovers partially in Q3 2020, says Central Bank
The UAE economy will grow 2.5 per cent next year, led by 3.6 per cent growth in non-oil sector as the economic activity in the country recovered partially in the third quarter of 2020, the UAE Central …
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Dubai Islamic Economy Development Centre
Unified Global Legislative Framework for Islamic Finance In May 2020, the UAE Ministry of Finance, in partnership with the Islamic Development Bank (IsDB) and DIEDC, announced the launch of a new …
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