Dubai Islamic Bank , the United Arab Emirates’ largest Islamic lender, is planning to soon sell U.S. dollar-denominated senior sukuk, or Islamic bonds, two sources said.
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First Abu Dhabi Bank expected to sell 250 mln pounds in 5-year bonds – document
First Abu Dhabi Bank is expected to sell 250 million pounds ($344.38 million) in five-year bonds, a document showed on Tuesday. FAB, HSBC, Standard Chartered and TD Securities are arranging the deal, …
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UAE Fine Living: Shuraa: UAE Residency for Indian entrepreneurs
The UAE is a popular destination among Indians for business and residency. Which is why, Dubai has been home to Indians for several decades, by way of employment, investment, and entrepreneurship.
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Dubai EXPO-2020: Committee approves proposals for participation
LAHORE: The second meeting of the steering committee chaired by Provincial Minister for Industries & Trade Mian Aslam Iqbal was held here on Monday. The meeting approved various proposals and …
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First China UAE Joint Venture Film Is to Start the Production
Global launching ceremony of a feature film “Home Operation” was held in Beijing Diaoyutai State Guesthouse on July 26th, 2021. Hundreds of officers, journalists and guests attended the ceremony, …
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EXCLUSIVE: Park Hyatt Dubai to form part of ultra-luxury Dubai Creek Resort
The resort has merged with Dubai Creek Golf & Yacht Club, and will undergo a renovation. EXCLUSIVE: Park Hyatt Dubai to form part of ultra-luxury Dubai Creek Resort. dubai creek, dubai creek golf & …
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Middle East’s largest aluminum producer eyes IPO listing amid skyrocketing profits
Emirates Global Aluminum PJSC (EGA) recently posted record profits for January-June 2021 amid a rise in commodity prices, and is now looking to proceed with plans to go public in the near future.
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Emirates Global Aluminium Sees Profit Soar Ahead of Possible IPO
Emirates Global Aluminium PJSC, the Middle East’s biggest producer of the metal, posted a record profit in the first half of the year as prices soared along with those of other commodities.The company …
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UAE banks top GCC banking sector profit growth in Q2-2021
Nine out of 16 listed banks in the UAE reported an increase in net profit Dubai: UAE banks reported the biggest increase in profits during the second quarter of 2021, registering 11.8 per cent quarter …
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Dubai-based streaming platform OSN names Sangeeta Desai interim CEO
Dubai: The Dubai-based online streaming platform OSN said it appointed Sangeeta Desai as interim CEO, effective immediately. Desai, who served as a non-executive director on the company’s board for …
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Signzy enters UAE partnering Seed Group
Banking workflow automation platform, Signzy has entered the UAE through a strategic partnership with Seed Group, the Private Office of the Royal Family of Dubai’s Sheikh Saeed bin Ahmed Al Maktoum.
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UAE banking sector’s profitability rebounds in Q2
The top 10 UAE banks managed a healthy rebound in profitability and balance sheet metrics in the second-quarter (Q2) of 2021, said leading global professional services firm Alvarez & Marsal (A&M) in a …
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‘It’s a Small Club’: Why A&O Believes It Is One of the Middle East’s Big Ticket Elite
We regard ourselves as part of a small club of international firms, along with other Magic Circle firms and one or two U.S. firms, doing the really high-end, big-ticket, complex, innovative work,” …
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Dubai’s Swvl raises $35.5m in growth finance before Nasdaq listing
Dubai mass transit and shared mobility services provider Swvl raised $35.5 million in growth financing before its planned merger and listing on the Nasdaq in the US. Strategic and financial investors …
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EXCLUSIVE: Park Hyatt Dubai to transform into ultra-luxury Dubai Creek Resort
Park Hyatt Dubai and the Golf Club are part of the same complex … both wanted to actually work here. Hedge fund managers from London came here to do their work. So there was about 20 families of …
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Dubai developer Limitless set to agree third debt restructuring deal
DUBAI (Reuters) – Dubai state-owned property developer Limitless is set to reach an agreement with creditors over some $760 million of troubled debt, documents seen by Reuters showed – its third …
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UAE banks top GCC banking sector profit growth in second quarter
ADCB and Dubai Islamic Bank followed in terms of absolute profit growth registering increases of 25.1 per cent and 19.3 per cent quarter on quarter, respectively. On the other hand, Bank of …
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