An “unsustainable” increase in the United Arab Emirates’ lending benchmark will reverse once … to have withdrawn these deposits” and placed them with the Ministry of Finance, according to Emirates …
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Belarus, Dubai International Financial Center sign memorandum of understanding
MINSK, 18 April (BelTA) – The Belarusian government and the Dubai International Financial Center have signed a memorandum of understanding. The document was signed by Belarus’ First Deputy Prime …
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Pakistan Finance Minister resigns amidst worsening economic conditions
Dubai: Pakistan Finance Minister Asad Umar has resigned on Thursday amidst allegation that he failed to take measure to take the country out of the severe economic crisis. Umar announced his …
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Three firms set to end 17-month IPO drought on Dubai’s DFM
Three companies are preparing initial public offerings for trading on Dubai’s main stock exchange, the bourse said, potentially ending a 17-month IPO drought as it boosts efforts to entice local firms …
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Three IPOs could be in the works for Dubai exchange
… are preparing initial public offerings for trading on Dubai’s main stock exchange, the bourse said, potentially ending a 17-month IPO drought as it boosts efforts to entice local firms to …
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Dubai Investments distributes 10% cash dividend
Dubai Investments PJSC [DFM: DIC], the leading diversified investments conglomerate listed on the Dubai Financial Market, has decided to distribute 10% cash dividend to its shareholders for the …
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UAE Banks Federation explores opportunities with Italy
DUBAI, 17th April, 2019 (WAM) — The UAE Banks Federation, UBF, has discussed bilateral relations between the banking sectors of the UAE and Italy, and explored mutual opportunities for their …
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Finablr’s $200m IPO to be completed by mid-May
The initial public offering of Finablr, the UAE-based holding company behind payment and foreign exchange brands UAE Exchange, Travelex Holdings and Xpress Money, will allow the firm to scale up its …
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Finablr’s $200m IPO expected to be complete by mid-May
The initial public offering of Finablr, the UAE-based holding company behind payment and foreign exchange brands UAE Exchange, Travelex Holdings and Xpress Money, will allow the firm to scale up its …
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Dubai’s Emirates NBD posts 15% rise in net profit beating estimates
Net profit in the first three months of the year increased to Dh2.7 billion, the lender said in a statement on the Dubai Financial Market, where its shares are traded. The bank’s results beat the …
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ADIB to market the Islamic Leasing and Finance Opportunities Fund I (USD) exclusively to its clients
The agreement makes ADIB the first bank to distribute the Islamic Leasing and Finance Program “ILF Program” in the UAE Abu Dhabi: Abu Dhabi Islamic Bank (ADIB) has signed an agreement with WCP …
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Finablr plans to use London IPO proceeds for expansion
Finablr, the payments firm that owns Travelex and UAE Exchange, plans to use the proceeds of its $200m London initial public offering next month to fund an expansion plan and cut debt. The United Arab …
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Arabian Centres plans largest Saudi IPO in five years
Dubai: Saudi Arabia-based mall developer Arabian Centres Company is planning to hit the primary market through an Initial Public Offering (IPO) to raise up to $1 billion (Dh3.67 billion), which …
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Dubai bourse traded volume hits 1-year high
Traded volume on the Dubai Financial Market (DFM) reached 440 million shares, breaching December’s level of 343 million shares. Union Properties was the main contributor to the traded volume.
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How the UAE, Saudi Arabia are forging closer ties
The Finance and Investment Committee is co-chaired by Obaid bin Humaid Al Tayer, UAE Minister of State for Financial Affairs, and Hamad bin Abdullah Al Jada’an, Saudi Finance Minister. The Energy & …
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Dubai’s biggest bank celebrates listing of $1bn bond
The total value of all conventional bonds listed on Nasdaq Dubai has now reached $18.08 billion. Hesham Abdulla Al Qassim, vice chairman and managing director of Emirates NBD, rang the market-opening …
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Best’s Special Report: UAE Takaful Companies Catching Up with Conventional Peers
In its analysis of the preliminary disclosures of the nationally listed Takaful operators on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), AM Best shows material …
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