The article Voice-centric social platform Yalla Group files for a $100 million US IPO originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com. Investment …
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How to gauge the economic and political impacts of UAE deal
While the deal has already borne fruit for Israel, some experts urge caution about overemphasizing the long-term benefits.
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UAE welcomes Israeli banks that finance theft of Palestinian land
Yet this month the UAE is welcoming two of the largest financiers of illegal Israeli settlements to its capital. Delegations from Bank Hapoalim and Bank Leumi will visit Dubai and Abu Dhabi to meet …
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UAE posts Dhs9.75 billion budget surplus in the first half of 2020
The UAE federal government posted a budget surplus of Dhs9.75 billion in first half (H1) of this year. According to the figures, the budget posted a surplus of Dhs1.8 billion by the end of the first …
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Oman to reduce number of expat workers in banks and finance companies
Can you travel to Saudi Arabia or Oman by road from the UAE? Muscat: Nasr bin Amer Al Hosni, the Undersecretary at the Ministry of Labour, held a meeting with HR officials of major banks, finance …
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Arab World’s sole unicorn is based in UAE
According to CB Insights, the UAE-based Emerging Markets Property Group (EMPG) is the only unicorn from the Arab World among the 490 unicorns globally. All the other seven regional unicorns are based …
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UAE budget posts surplus of $2.65bn in H1
The total expenditure of the UAE federal government amounted to AED24.99 ($6.8 billion) by the end of the second quarter of 2020, according to the Budget Execution Report released by the Ministry of …
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First official Israeli trade delegation visits UAE with CEO of Israel’s biggest bank
It will be the first ever official Israeli trade delegation in the UAE. Kotler said the visit is “a unique opportunity to establish economic relations and cooperation between ou …
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Bahrain’s ABC says in preliminary talks to buy Blom Bank’s Egypt business
Bahrain’s Bank ABC said on Tuesday it was in preliminary talks to buy Blom Bank’s Egyptian subsidiary, pitting it against Dubai’s Emirates NBD, which is also a potential bidder.
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Where to from here with IPOs?
The unfolding events showed that investors ready to benefit from companies going public, despite being more or less confined to their homes …
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UAE posts $2.6bln in Q2 budget surplus
The UAE federal government posted a second-quarter budget surplus of around Dh9.75 billion, up from a surplus of Dh1.8 billion in the first quarter 2020. Revenues in the second quarter were at …
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UAE posts budget surplus of Dh9.75 billion in first half of 2020
The federal government posted a budget surplus of Dh9.75 billion in the first half of 2020, and a surplus of Dh7.95 billion in the second quarter, up from a surplus of Dh1.8 billion in the first …
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UAE posts Dh9.75 billion in Q2 budget surplus
Revenues in the second quarter were at Dh34.744 billion and expenditures were at Dh24.997 billion, state news agency WAM said on Monday, citing a finance ministry report. For 2019, data from the UAE …
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UAE government records budget surplus in second quarter
A second quarter surplus of Dh7.95bn followed on from a first quarter surplus of Dh1.8bn, according to the Ministry of Finance …
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Israel Sees Trade With UAE at $4 Billion a Year
The UAE has since announced it was scrapping an economic boycott on Israel and officials from the two countries have said they were looking at cooperation in defense, energy, medi …
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UAE posts budget surplus of $2.65 bln in Q2 – state news agency
The United Arab Emirates federal government posted a second-quarter budget surplus of around 9.75 billion dirhams ($2.65 billion), state news agency WAM said on Monday, up from a surplus of 1.8 …
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Biggest IPO in history? China’s Ant could trump Saudi Aramco’s $29.4bln
Chinese financial technology firm Ant Group is expecting a mega IPO of up to $30 billion, which would trump Aramco’s $29.4 billion IPO, according to reports, and make it the world’s largest ever.
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