The UAE’s gross domestic product is forecast to grow 3.5 per cent this year, up from 2.8 per cent in 2018, as government measures fuel economic growth, the central bank said. The non-oil GDP is projec…
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CW In Focus | Future planning with Sobha Group’s PNC Menon in Dubai
In this video, Menon speaks to Construction Week’s deputy editor, Oscar Rousseau, about Sobha Group’s IPO plans; the dream tower he intends to build on Dubai’s Sheikh Zayed Road as Sobha’s new HQ; and …
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Standard Chartered sees better profits in UAE, region
A man walks past a Standard Chartered Bank in Sharjah. Image Credit: Asghar Khan/Gulf News Dubai: Standard Chartered expects profitability of the bank’s UAE operations to improve along with the …
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Uber in advanced talks to buy Middle East rival Careem: Bloomberg
(Reuters) – Uber Technologies Inc is in advanced discussions to buy its Dubai-based rival Careem Networks FZ … Uber has received estimates from IPO bankers that have pegged its value at up to $120 b…
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EFG Hermes advising on $500 million M&A deal in Saudi Arabia, more in pipeline – executive
DUBAI (Reuters) – Egypt’s EFG Hermes is working on a $500 million … The bank is also advising on an initial public offering (IPO) in Saudi Arabia, Fahmi said, but would not give any more details. EF…
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DARMA Capital Launches First in Series of ‘Optimized Long’ Digital Asset Investment Funds
After choosing fundamentally strong assets that have regulatory clarity, we apply an actively managed risk overlay strategy that is designed to dynamically hedge … and Dubai. For more information, p…
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Major Disruption to the Global Energy Chain Is Triggering Once-in-a-generation Opportunities
To provide global investors with highly rewarding opportunities to develop the infrastructure and technology required to reshape the energy value chain, Exergy, together with Dalma Capital Management, …
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Josh Flagg’s Has a Very Young Client to Impress
Most recently, she has been chosen to be The US Ambassador for the Royal Atlantis Resort and Residences in Dubai, a breathtaking structure … Parnes began working at a hedge fund before moving on to …
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Pakistan to receive $4.1b from UAE, China soon: finance minister
KARACHI: Pakistan is set to receive $4.1 billion in financial assistance from friendly countries next week, according to Finance Minister Asad Umar. The minister’s disclosure came at a seminar …
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National Bank of Fujairah looks to raise $350m bond as it continues to grow
The National Bank of Fujairah, which counts the emirate’s government and Dubai’s sovereign wealth as shareholders, is looking to raise $350 million (Dh1.3 billion) from the capital market this year as …
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Al Merri rings gender bell at Dubai Financial Market
Mona Al Merri rang the Dubai Financial Market Gender Equality bell on the occasion of International Women’s Day. Image Credit: Courtesy: Dubai Media Office Dubai: The Dubai Financial Market (DFM …
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Saudi Arabia leads GCC’s $2.5bn IPO activity in 2018
“We continue to work with many companies in preparation for transactions in 2019 and beyond, particularly from the United Arab Emirates, Saudi Arabia, and Egypt.” Globally, IPO activity continued to s…
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United Arab Emirates : DIFC reaches new heights as it enters 15th year of operations
Mar 07, 2019 (Euclid Infotech Ltd via COMTEX) — Dubai International Financial Centre (DIFC) has cemented its position as the leading financial hub in the Middle East, Africa, and South Asia region (M…
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Dubai expat ‘A.M.’ banned for financial crimes
The Dubai Financial Services Authority (DFSA) has announced that it has imposed a restriction on an expat – identified as A.M., a former relationship manager – at a DFSA Authorised Firm. The DFSA foun…
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Dubai stock exchange rings bell for women empowerment, gender equality in capital markets sector
For the second consecutive year, the Dubai Financial Market (DFM) joined 70 stock exchanges around the world in hosting the ceremony to mark the occasion of International Women’s Day …
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Dubai’s DFSA bars expat from working in DIFC for fraud
The Dubai Financial Services Authority (DFSA) has restricted an expatriate financial relationship manager from working in the Dubai International Financial Centre (DIFC) due to allegations of fraud.
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UAE starts preparations for 2020 draft general budget
The UAE Ministry of Finance has issued a financial circular on the preparation of the draft general budget of the federation for the fiscal year 2020, as part of the five-year plan (2017-2021). This y…
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