Tag: finance

Logistics firm Tristar has dropped plans for an initial public offering (IPO) in Dubai, with sources saying the deal did not attract enough investor demand. The move, which confirms what the …
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Sukuk was 5.6 times oversubscribed with an orderbook that peaked at $2.8 billion Dubai Islamic Bank PJSC (DIB) has priced a $500 million Perpetual Non-Call 5.5-year Additional Tier 1 Sukuk with a …
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Gang robbed cash at knife-point from two employees of firm after they returned from bank Dubai: An Ethiopian gang in Dubai has been sentenced to five years in jail for robbing Dh4 million at knife …
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Waleed Al Sayegh, Director-General of Sharjah Finance Department … whilst falling in line with precautionary measures taken by the UAE to tackle the coronavirus.” Huda Al Yasi, Director of …
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A Middle East-based decentralized finance (DeFi) mutual fund has raised almost $10 million in just two weeks, highlighting huge demand for these investment vehicles. On April 13, the United Arab …
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Image Credit: Supplied Dubai: Omnichannel marketing communications … Vaibhav Paranjpe has been named Senior Vice President and Head of Finance and Administration. Paranjpe has two decades …
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MoU focuses on cooperation and information exchange in supervision and resolution Dubai: The Dubai Financial Services Authority and the Bank of Italy signed a Memorandum of Understanding (MoU) to …
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Al Maryah Community Bank says it will become the first digital bank to serve UAE customers after receiving approval from the central bank Al Maryah Community Bank on Tuesday said it will become the …
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Dubai Islamic Bank (DIB), the largest Islamic lender in the United Arab Emirates, launched a $500 million sale of Additional Tier 1 sukuk at 3.375% on Tuesday, setting a record low rate for the …
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With the support of 10 specialised volunteer trainers, who were recruited in partnership with the UAE Banks Federation, the hands-on programme saw the participants study six modules, giving them an …
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An earlier plan to launch IPO in 2018-19 was shelved after US tariff move Abu Dhabi: Abu Dhabi wealth fund Mubadala Investment Co. said it’s “close” to an initial public offering of Emirates …
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New bank aims to build a base among individuals and small businesses Dubai: The UAE Central Bank has granted the first license for an all-digital bank. The Al Maryah Community Bank, as the new …
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Abu Dhabi Islamic Bank (Adib) announced on Monday it would postpone one monthly instalment of its eligible customers at no fees or extra charges to provide relief and help customers better manage …
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Abu Dhabi sovereign wealth fund Mubadala Investment Co. said it’s “close” to an initial public offering of Emirates Global Aluminium PJSC as it studies other major deals including a role in a …
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Dubai recorded exceptional inflows of foreign direct investments … 12 minutes ago Mubadala invests record amount in 2020, eyes aluminium IPO: CEO Abu Dhabi state investor Mubadala invested a record …
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Separately, Mubadala Investment Company has invested $75 million in 5-year pre-IPO convertible bonds of Telegram … Dubal Holding’s decision to acquire a majority stake in Dubai-based aluminium …
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“Al Maryah Community Bank” has announced the receipt of Central Bank of UAE’s license making it the first specialized digital bank to serve the UAE community through using state-of-the-art new age …
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