The Nasdaq Dubai exchange launched equity index futures on Sunday for the main indexes of Dubai Financial Market and the Abu Dhabi Securities Exchange, a top official said. The new instruments could help to attract fresh money to the exchanges by giving …
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Dubai Financial Market : UAE bourses to recover after annual results disclosed – Analysts
Dubai – Mubasher:UAE bourses are forecast to recover and rise this week after the period for disclosing financial results has ended, analysts told Mubasher early Sunday, noting that financial institutions will be looking to increase their positions in …
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Chelsea FC owner invests in Dubai-based firm’s ICO
The proposed Initial Coin Offering (ICO) from Dubai-based social media platform Telegram has, according to Russian business daily Vedomosti, attracted a slew of prominent Russian investors – including Mikhail Fridman, Alisher Usmanov and Chelsea FC owner …
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Dubai Investments unit to lead Emicool IPO
Dubai Investments has named an entity to lead the initial public offering (IPO) of Emirates District Cooling (Emicool). Al Mal Capital, a financial institution that is one of Dubai Investments’ wholly owned subsidiaries, will be the lead manager for the …
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Negligence case against Deloitte and Touche allowed to proceed rules Dubai courts
A Dubai Court will proceed to examine the role of Deloitte and Touche (Middle East) in the collapse of Lebanese Canadian Bank (LCB) in light of charges brought against it by the US Drug Enforcement Administration and the US Treasury. In a landmark decision …
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Dubai Islamic Bank : $340m financing for Dubai Outlet Mall expansion secured
UAE-based conglomerate Al Ahli Holding Group announced that it has secured an Islamic club financing facility worth $340m (AED1.25bn) for the expansion of Dubai Outlet Mall. Scheduled to open in the fourth quarter of 2019, the mall expansion will see 279 …
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Riding the IPO bullrun
“In the UAE, prospective companies looking to IPO will look at the market conditions; if regional markets are on an upswing and sentiment is positive then we could see a rush of IPOs. However, as happened a few years ago, if markets falter and sentiment …
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UAE to take more manpower from Bangladesh: Mannan
I think if UAE recruits Bangladeshi workers more in the coming days, it would be beneficial for both the countries,” State Minister for Finance and Planning MA Mannan informed, reports BSS. Mannan attended the two-day 4th Bangladesh-UAE Joint Commission …
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Dubai Investments to IPO at least 30 per cent of Emicool
Dubai Investments, a diversified company in which sovereign wealth fund Investment Corporation of Dubai has an 11.54 per cent stake, plans to float at least 30 per cent of its district cooling unit Emicool by the end of 2018 on the Dubai Financial Market …
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Al Mal Capital named lead manager for Emicool IPO
Dubai Investments, a leading diversified investment company, has announced that its subsidiary Al Mal Capital, a prominent financial institution, will be the lead manager for the initial public offering (IPO) of its wholly-owned subsidiary Emirates …
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No plans to invest in Bitcoin or any other cryptocurrency: UAE Exchange CEO
UAE Exchange CEO Promoth Manghat says cryptocurrencies aren … for the SWIFT messaging system that banks and exchange houses currently use to communicate financial transactions. “The Ripple network has a simple proposition: instant messaging.
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Experts: New UAE rule on ‘Good Conduct and Behaviour’ Certificate means employers must be diligent
CRI Group urges all UAE organisations to implement thorough background screening … CRI Group safeguards businesses by establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking …
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Massive 55% tax coming to the UAE
Good news for the UAE: No value-added tax (VAT) increases for upcoming 5 years. UAE Minister of State for Financial Affairs Obaid Al Tayer said at the Arab Fiscal Forum the government has no plans to raise the rate of VAT or excise tax in the near future.
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The World is BACK! Multi-billion pound archipelago of ‘countries’ in Dubai with artificial celebrity-owned fantasy islands is resurrected ten years after the vision was …
A multi-billion pound vision for an archipelago of ‘countries’ in Dubai with artificial, celebrity-owned fantasy islands has been resurrected – ten years after it was abandoned due to the financial crash. The World, a 300-island chain laid out in the shape …
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Dubai Financial Market : DFM-listed firms fully-comply with disclosure requirements
Companies that missed the deadline have been reported to the SCA A total of 50 Emirati companies listed on the DFM have disclosed their preliminary results, while 11 listed foreign firms have posted their results, out of a total of 15, the Dubai-based …
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Saudi Arabia’s central bank signs blockchain deal with Ripple
DUBAI (Reuters) – Saudi Arabia’s central bank has signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using blockchain software, as Gulf regulators begin to explore new forms of financial technology. The pilot program is the …
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Mashreq Bank deploys AI solution
UAE’s Mashreq Bank has partnered with Blue Prism to increase productivity, improve customer experiences and deliver new services through an integrated AI solution. The Digital Workforce platform will automate dozens of the bank’s processes across …
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