Cairo – Mubasher: The Egyptian Exchange (EGX) raised $2.2 billion from 23 initial public offerings (IPO) over the last decade, PwC said in its latest report: “Africa Capital Markets Watch 2019.” …
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Shaken markets: Foreign investors go low on UAE stocks with record selloffs
I paid an annual fee of Dh1,500 but the bank blocked my credit card for no reason…” Dubai: Foreign investors remain squeamish about taking an exposure in UAE stocks, with March seeing a record …
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UAE banking sector remains resilient to global challenges
The UAE’s banking sector remains strong and resilient despite several challenges posed by global economic developments last year, according to the 2019 annual report of the Central Bank of UAE (CBUAE) …
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Post COVID-19: UAE banking sector remains resilient to global challenges
The strength and resilience of the banking sector will be tested, and the CBUAE shall continue to play its role in terms of guiding the banking sector through this period, with …
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UAE Non-Oil Private Sector Hits Second Consecutive Record Low: PMI
The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), which covers manufacturing and services, fell to 44.1 in April from 45.2 in March. The 50.0 mark separates expansion from …
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IMA Recognizes Success of Finance Professionals as Part of International Management Accounting Day Celebrations
IMA® (Institute of Management Accountants), is celebrating International Management Accounting Day on May 6, 2020. This initiative aims to honor members of the management accounting community for …
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UAE Central Bank says GDP grew 1.7% in 2019
The overall real GDP of UAE is estimated to have grown by 1.7 per cent in 2019, according to the Central Bank of the UAE. “The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 per …
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Watchdog investigates EY audit of scandal-hit NMC Health
Move piles further pressure on EY, whose audit of Thomas Cook is also being investigated …
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UAE’s Salama shareholders approve increase in foreign ownership limit
It is the first cash dividend since Salama’s IPO. Salama posted a net profit attributable to shareholders of 54.7 million UAE dirhams ($14.9 million) in 2019, compared to 2 million UAE dirhams in 2018 …
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Tasjeel.ae Launches UAE Premium Domain Marketplace
Tasjeel is launching a dedicated UAE premium domain name marketplace. The new platform will allow buyers to purchase premium domain names that are already registered. This will make it easier for …
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Can bank notes spread COVID-19 faster? UAE Central Bank responds
UAE Banks have warned customers to always sanitise their bank notes, use cards instead Dubai: How often should you clean your ‘dirty’ money? Amid the ongoing pandemic, the Dubai Health Authority (DHA) …
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UAE’s first virtual signing takes place to signify partnership and announce new finance solutions for SMEs and corporates
Through the agreement, Deem’s business customers will be able to access Noor Takaful | Ethical Insurance’s wide-range of commercial insurance products …
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Sell-off on UAE bourses continues for second day
The sell-off was prompted by regional economic worries, slump in oil prices and renewed US-China trade war worries. WTI crude was down by nearly 7 per cent while Brent was trading 1.44 per cent lower …
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Combating coronavirus: Dubai South announces economic stimulus package
Package features flexible payment plans with easy instalment schemes, waivers of penalties on late renewals, and 20% reduction on licence fees renewals.
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Interview: Saudi Arabia is open for business despite the pandemic
Attracting foreign investment into Saudi Arabia is one of the key components of the Vision 2030 strategy to move away from oil dependency and encourage the non-oil economy. But it has been a …
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UAE second-strongest financially in Arab world’s emerging economies
Ranking globally up because of strong drive towards reforms, anchoring many initiatives to enhance competitiveness …
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Hedge Fund Myths Busted
Still on Dubai, we also find out what opportunities the drone industry presents from the Dubai Airshow. CNBC’s David Reid reports. Despite the misconception that hedge funds are risky …
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