As global markets anticipate a highly contested US election little over a week away, investors will meanwhile await any new hints this week on who will likely win the presidency of a key economy. With …
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UAE- OPEC Fund develops cooperation with Western African countries
The OPEC Fund for International Development, OFID, and the West African Development Bank, BOAD, have signed a Framework Agreement to further strengthen their development cooperation in the member …
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Israeli delegation of hi-tech entrepreneurs, investors, CEOs visit UAE
The Israeli delegation features 13 CEOs currently heading leading Israeli technology companies in the fields of cyber, finance, insurance and food.
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Saudi Arabia’s STC hires banks for IPO of subsidiary -sources
Saudi Telecom Co (STC) has hired banks to arrange a potential initial sale of shares in its products and services development arm, Solutions by STC, three sources familiar with the matter told Reuters …
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BinDawood IPO: Another mega listing in a globally accessible capital market
The listing of BinDawood is a case study of the critical role private equity firms may add to the readiness phase prior to any IPO …
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UAE Revamps Oversight Bodies to Boost Economy’s Competitiveness
The United Arab Emirates is folding its Insurance Authority under the central bank and moving some of the stock market regulator’s powers to exchanges to help boost the economy’s competitiveness. Load …
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Higher provisions bite into UAE bank profits in Q3
Dubai: The third quarter 2020 bank results point to sharp decline in profits of UAE banks largely resulting from rise in provisions against bad loans. The pattern has been broadly same for both …
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UAE merges Insurance Authority with the Central Bank of UAE
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai tweeted on Saturday that the UAE had merged the Insurance Authority with the . He added …
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Tampa Bay’s KnowBe4 hits milestone with 10th country expansion
Cybersecurity firm KnowBe4 is now in 10 countries after its latest expansion. The Clearwater-based company announced Thursday it has opened a new office in the Middle East in Dubai, United Arab …
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Lionel Barber’s diaries — encounters with Merkel, Fuld and a piano-playing Putin
Exclusive extracts from the memoir of the FT’s former editor — from Tony Blair’s tips to a showdown with Philip Green …
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Israel, UAE sign mutual visa exemption deal
United Arab Emirates (UAE) and Israel have signed four agreements during the first high-level visit from the Gulf state to Tel Aviv since the two countries establish official ties last month. Emirati …
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Abraham Fund puts ‘well-being of people first, regardless of creed’
The UAE and Bahrain are only the third and fourth Arab states to make peace with Israel, following Egypt in 1979 and Jordan in 1994.
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UPDATE 1-Dubai wealth fund expected to sell $500 mln in long 5-yr bonds
DUBAI, Oct 21 (Reuters) – Investment Corporation of Dubai (ICD), the Dubai government’s main investment arm, is expected to sell $500 million in long five-year bonds at 275 basis points over mid-swaps …
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CureLab Oncology Establishes Operations in the Gulf Region
IPO biotech company, has commenced operations in the GCC region (Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman). CureLab’s partners in the region will test the efficacy of the company’s …
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Yalla Group Limited Announces Partial Exercise of Over-Allotment Option in 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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Israel, UAE agree on visa-free travel for nationals: Netanyahu
The visa exemption was announced by Israeli Prime Minister Benjamin Netanyahu after the first-ever official UAE delegation landed in Israel on Tuesday.
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Stage set for Abu Dhabi’s brand new Dh2 billion digital bank from ADQ
and preferential access to another 10 per cent of the shares in the event of an initial public offering (IPO). In Dubai, legacy banks have launched digital-only brands, and take-up rates have been …
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