Looking forward, there is significant potential for taking the bilateral business relations to another level. Covid-19 has been accelerating cultural change not only in the UAE, but also with regards …
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Finance Minister off to UAE for medical checkup
Finance Minister AHM Mustafa Kamal left Dhaka for United Arab Emirates (UAE) for medical checkup on Friday. A flight of Emirates Airlines carrying the minister took off from Hazrat Shahjalal …
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OPEC Output Steady as UAE Cut Offsets Gains in Troubled Members
(Bloomberg) — OPEC’s crude output held steady last month as the United Arab Emirates pulled production back sharply in atonement for recent months of oversupply. The UAE slashed by 310,000 barrels a …
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Dubai’s Yalla brings the majlis to Wall Street with IPO
Dubai social media company Yalla is bringing an online version of the Arab world’s majlis to Wall Street with its initial public offering. The company, which was valued at $1.1 billion at the time of …
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Philippine broadband firm eyes country’s biggest IPO of up to $865mln
The IPO could potentially be the country’s biggest, though regulatory filing prices in the Philippines have often been set far above value and the number of shares offered could b …
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International Holdings is on one hot streak, and UAE investors are watching
Investors are cheering its acquisition spree, which could include some overseas buys too The fallout of Arabetc’s liquidation seems to be muted – at least for today – with DFM closing lower by 0.34 …
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World Bank Ranks Bahrain and UAE Top Arab Nations for Human Capital
The World Bank has ranked the UAE and Bahrain as the top destinations in the Arab world to invest in human capital, according to a new report. The World Bank has ranked the UAE and Bahrain as the top …
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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws
The following Deep Dive analyzes how the pandemic has affected open banking and privacy regulations in the MENA region and implicated future regulations.
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Chindata Gained 14.5% in Its IPO. Not All the Tech Debuts Did So Well.
Separately, shares of Yalla opened at $9.75 and hit a high of $10.99. In afternoon trading, the stock changed hands at $7.43, down from its $7.50 IPO price. Yalla, of Dubai, is a voice-chat app for …
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Voice chat app Yalla up 30% after NYSE IPO
Dubai voice chat app Yalla (YALA) launched its NYSE debut up 30% to $9.75. Shares are currently up 21% to $9.10.Yalla had priced its offering of 18.6M ADS at $7.50, towards the lower end of its $7-9 …
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Yalla Group Limited Announces Pricing of Initial Public Offering
PRNewswire/ — Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the leading voice-centric social networking and entertainment platform in …
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DFM plans to launch equity derivatives platform as part of its product offering diversification strategy
A key milestone that will add new impetus to Dubai’s leading position as dynamic capital markets hub” Hassan Al Serkal: “Robust regulatory framework creating an attractive environment for investors …
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Weekly roundup of people news, Sept 30
Saudi’s Public Investment Fund hires Lazard AM’s Mena head; Man GLG adds trio for new Asia strategy; Marshall Wace to open Singapore office; Baillie Gifford expanding Shanghai unit; MarketAxess raids …
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The List Debuts New Retail Vision for Luxury, With Dynamic Pricing
The Dubai-based marketplace will offer high-demand or rare fashion, accessories and fine jewelry items at dynamic price points based on what’s trending and in-demand.
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CEO of UAE digital finance firm Deem to step down
De Bruin has informed the board of directors of his plans to resign to “pursue other endeavours”, the company said in a statement. Deem has named Jayasheel Bhansali, currently serving as the company’s …
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UAE Central Bank reveals term deposits surge by $6.2bln in seven months
The growth is attributed to a rising demand over this type of deposits due to their higher returns in comparison with other investment vehicles …
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Ex-IMF head Rato acquitted over Bankia IPO, prompts legal change calls
Former IMF boss Rodrigo Rato was acquitted on Tuesday in a fraud trial over the listing of Bankia, when he was its chairman, prompting calls for legal changes from consumer groups. Rato, who resigned …
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