Utico says its advisors are in negotiations to list the company through an Dh3bn valuation IPO in Dubai later this year …
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Dubai’s DIFC, Tradeling to accelerate evolution of region’s B2B digital ecosystem
Dubai International Financial Centre (DIFC) penned an agreement to provide Tradeling, the hyper-growing eMarketplace focused on business-to-business (B2B) transactions in MENA, a platform to speed up …
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UAE’s GDP contracted 7.7% in 2020
The UAE’s economy might have contracted by as much as 7.7 per cent in 2020, the steepest decline estimated for the GDP so far, with the core economic sectors — the hydrocarbon, tourism and retail …
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Anglo-Gulf Trade Bank Disrupts Global Trade Banking with Fenergo
The world’s first digital trade finance bank, Anglo-Gulf Trade Bank (AGTB) Limited (“AGTB”), based in the United Arab Emirates (UAE), …
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UAE ranks first regionally and fourth globally in the Global Entrepreneurship Index 2020
UAE has outperformed many of the major global economies such as the US, Canada, the UK, Australia, EU countries, China, Japan and South Korea in the overall rankings of the index …
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Dubai-based streaming service Starzplay receives $25 mln funding
The Dubai-based online streaming platform will use the funds from Ruya Partners to further strengthen the company’s geographic and customer reach as well as to acquire and produce original content, …
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UAE economy to grow faster untill 2024: IIF
US think-tank says UAE GDP to grow 2.3% in 2021, 3.0% in 2022, 3.4% in 2023 and 3.5% in 2024 The UAE economy will post faster growth each year over the next three years, helped by a range of pandemic …
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UAE: New Covid restrictions ‘to ease as vaccine coverage expands’
Quoting authorities in the UAE, the Washington DC-based body said restrictions imposed recently again about social distance to contain he pandemic will fade over time as vaccine coverage expands and …
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British Woman in Dubai Says ‘F*** You’ to Flatmate on WhatsApp, Gets Jailed for 2 Years
She sent message after an argument over who would use the dining table while working from home in October during the lockdown last year.
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Kuwait Finance House fourth quarter net profit falls 22% as COVID-19 hurts economy
Kuwait Finance House on Thursday reported a 22% drop in fourth-quarter net profit and a 40.9% drop in 2020 net profit, blaming the annual fall on a sharp slide in investment income and a rise in …
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Kuwait Finance House Q4 net profit falls 22% as COVID-19 hurts economy
DUBAI- Kuwait Finance House on Thursday reported a 22% drop in fourth-quarter net profit and a 40.9% drop in 2020 net profit, blaming the annual fall on a sharp slide in investment income and a rise …
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Starzplay secures $25mln financing from UAE’s Ruya Partners; eyes 2024 IPO
Regional Subscription Video On Demand (SVOD) service, Starzplay, has secured $25 million (AED 92 million) from Abu Dhabi-based Ruya Partners. The funding will be used to expand its geographic and …
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UAE banking sector invests heavily in their fight against cyber attacks
Since the pandemic, the number of cyber-attacks in the UAE and the region has seen a substantial increase, as the organisations have been forced to an immediate remote working scenario. As part of the …
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Saudi Arabia, UAE retain $2b financial support
Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion loans that matured last month, indicating a thaw in relations between Pakistan and the two key Gulf nations.
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UAE’s BaaS Fintech NymCard Secures $7.6M in Capital via Series A to Accelerate its Expansion Efforts
Abu Dhabi based NymCard, a card issuing and processing platform, has secured $7.6 million in capital through a Series A funding round. The banking-as-a-service (BaaS) provider confirmed that the …
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The “Invest In Dubai” Platform Makes Dubai The Best And Easiest City To Invest And Do Business
H.H. Sheikh Mohammed bin Rashid Al Maktoum has launched a specialized platform to create opportunities for investors and consolidate the emirate’s position in the global investment landscape.
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Dubai-based streaming service Starzplay receives $25mln funding
The Dubai-based online streaming platform will use the funds from Ruya Partners to further strengthen the company’s geographic and customer reach as well as to acquire and produce original content, …
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