Etisalat and Emirates are the three most valuable brands of 2021 from the UAE among the world’s top 500 brands. According to Brand Finance’s latest report, Etisalat, which operates the fastest network …
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Israel’s Airobotics eyes Tel Aviv IPO, drone deal in Dubai
Israeli drone technology firm Airobotics is preparing for an initial public offering (IPO) in Tel Aviv this year and is also close to clinching deals in the United Arab Emirates (UAE), chief executive …
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Indian eyewear major plans Gulf debut, eyes $250m business by 2025
Lenskart, the largest eyewear retailer of India, has announced $50m investment in the Middle East, plans to open its first retail store in Dubai …
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BrainsWay Signs Exclusive Distribution Agreement with Gaelan Medical Trade LLC
BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a global leader in the advanced non-invasive treatment of brain disorders, announced an exclusive distribution agreement with …
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How Can You Get Information on UAE New Foreign Ownership Rules?
Until now companies in the UAE had needed certain shareholding to be held by an Emirati national or an Emirati agent, depending on what type of company. The UAE approved a new law in 2018 that would a …
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UAE banking sector recovery will be gradual in 2021: S&P
We expect GDP growth to recover in the UAE this year from the sharp recession of 2020 triggered by the COVID-19 pandemic and low oil prices. However, we think the 2020 shock wi …
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Here’s why Commercial Bank International is well placed to gain from Gulf relationship reset
The UAE’s Commercial Bank International (CBI) could benefit from the normalisation. The Qatar National Bank has a 40 per cent stake in CBI, and along with other Qatari entities, the total Qatari …
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UAE: New debt policy to stimulate financial sector
The introduction of the securities should begin the development of a secondary market for local currency debt.
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UAE company to invest 190 mln USD to modernize port in Angola
World, a United Arab Emirates (UAE) company, signed on Monday a contract of 190 million U.S. dollars to modernize the multipurpose terminal of the Port of Luanda. DP World will invest overall 190 …
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MCC East clears one and half dozens vehicles on false documents
East has illegally cleared one and half dozens vehicles on false documents beyond legal entitlement in violation of Import Policy Order (IPO) 2020. According to an FIR, one and half dozens vehicles …
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Sweden’s Trustly Is Latest FinTech To Test IPO Waters
The Swedish FinTech Trustly is readying up an initial public offering for the Stockholm market that could value the company at $11 billion, or 9 billion euros.
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New debt policy to stimulate UAE financial sector
The introduction of the securities should begin the development of a secondary market for local currency debt.
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Leading in the era of digital banking
State Bank of India serves over 44 crore customers with customised products and services, including a diverse loan portfolio.
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SH Capital Ltd launches in Dubai to empower SMEs with global banking services
The Stanhope Financial Group subsidiary aims to help clients get better returns than traditional banking deposit accounts can offer …
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Sweden’s Trustly plans $11 billion IPO as digital payments boom: sources
Swedish payments firm Trustly plans to take advantage of a surge in digital transactions in the COVID-19 pandemic with a second-quarter flotation that could value it at up to 9 billion euros ($11 …
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CBUAE conducts cyberattack simulation on banking sector
The Central Bank of the UAE (CBUAE) conducted a cyberattack simulation exercise designed to test the resilience of the UAE’s banking sector.
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UAE Cabinet Approves Establishing Embassy In Tel Aviv Months After Relations Normalise
UAE approved the opening of its Embassy in Tel Aviv. This comes months after the two nations agreed to normalise relations …
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