Nine IPOs and two direct listings are scheduled to go public in the week ahead. The diverse group includes three foreign tech issuers, two biotechs, two US tech unicorns, a sporting goods retailer, an …
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DIFC FinTech Hive rolls out AccelerateHer programme to back women in finance sector
Dubai International Financial Centre’s FinTech Hive, the region’s first and largest financial technology accelerator, has begun the second edition of its career mentorship programme aimed at …
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UAE’s Jafza and Israeli Chambers of Commerce sign agreement to promote trade
The pact follows the normalisation of ties between the UAE and Israel that has led to a series of agreements being announced by companies in the two countries …
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US IPO Week Ahead: Palantir and Asana direct-list in 9 IPO week with tech, sports, and avocados
N ine IPOs and two direct listings are scheduled to go public in the week ahead. The diverse group includes three foreign tech issuers, two biotechs, two US tech unicorns, a sport …
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Yalla Group Seeks $149 Million U.S. IPO
Yalla Group Limited has filed proposed terms for a $149 million U.S. IPO. The firm operates a voice-centric social network focused on the MENA region. YALA has produced enviable financial results and …
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$2.5trln Islamic finance sector to rebound gradually
Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s social role …
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10 Most Profitable TV Shows in 2020
From the deadly bushfire in Australia which affected other countries to New Zealand where glaciers turned brown, floods in Dubai and Indonesia … never mentions this but he is one of the first hedge …
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20 Cities with the Most Skyscrapers in the World
Below we presented the list of 20 cities with the most skyscrapers in the world. Click to skip ahead and jump to the top 10 cities with the most …
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IPO Launch: Yalla Group Targets $149 Million U.S. IPO
Yalla Group Limited (YALA) intends to raise $149 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A shares, according to an F-1 registration statement. Dubai, …
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$2.5t Islamic finance sector to rebound gradually
Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s …
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Open for business: How UAE-Israel peace is driving deals at breakneck speed
The news, announced August 13, has led to a slew of deals in recent weeks, with the establishment of a business council and signing of finance, tourism, and other agreements. In what some are calling …
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Saudi Arabia’s BinDawood Holding to delay IPO retail offer
Saudi Arabia’s BinDawood Holding said on Thursday a development relating to the supermarket retailer that requires disclosure in a supplementary prospectus would delay the retail part of an initial …
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Saudi Arabia’s BinDawood Holding to delay IPO retail offering
Saudi Arabia’s BinDawood Holding said on Thursday a development relating to the supermarket retailer which requires disclosure in a supplementary prospectus would result in a delay of the retail part …
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UAE central bank urges banks to step up anti-money laundering efforts
The United Arab Emirates central bank said banks should increase anti-money laundering efforts to safeguard financial stability in the country. Adds details DUBAI, Sept 24 (Reuters) – The United Arab …
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Central bank forecasts UAE GDP to contract 5.2 per cent in 2020
According to the central bank report, the third quarter would register a milder contraction of the non-hydrocarbon GDP that could linger, albeit at a much milder pace, in the four …
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Yalla updates IPO terms, seeks up to $167.4M
Dubai voice-chat app Yalla (YALA) updates the terms of its NYSE IPO to specify 18.6M ADSs at $7-9 per ADS.Underwriters have a 30-day option to purchase an additional 2.79M ADSs at the offering …
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Voice-centric social platform Yalla Group sets terms for $149 million US IPO
Yalla Group, which provides a voice-centric social networking and entertainment platform in the Middle East and North Africa region (MENA), announced terms for its IPO on Wednesday. The Dubai, United …
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