ADIB said it will shortly announce the timetable for the rights issue following the approval of the Central Bank of the UAE and Securities and Commodities Authority.
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Emirates Islamic officials visit Expo 2020 Dubai site
As the Islamic Banking Partner of Expo 2020 Dubai, Emirates Islamic is aligned with Expo 2020 Dubai’s theme of “Connecting Minds, Creating the Future,” and is dedicated to providing innovative Islamic …
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Saxo Bank reveals 139% growth in UAE-based female traders
Saxo Bank, the Fintech specialist focused on multi-asset trading and investment, said its UAE-based female trader clients have increased by 139 per cent since December 2016. Women now constitute 10 pe…
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Study: UAE businesses seek flexible workplaces to mitigate financial risks
UAE business leaders and risk managers are adopting flexible real estate strategies to grow their company and mitigate against risk, according to a new study by International Workplace Group (IWG), th…
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No amount of financial aid announced for Kerala: UAE envoy
When asked about the UAE’s $100 million aid offer he said: “It is not yet final. It has not been announced.” The UAE is assessing the relief needed in the aftermath of the floods in Kerala, and no off…
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Careem says IPO still looks far and will take more time
Dubai: Dubai-based ride-hailing app Careem said any initial public offering (IPO) isn’t going to happen soon and will take more time. “We are not looking at it [IPO] now. It will take more time than n…
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Shelved Aramco IPO hits at heart of Saudi prince’s reforms
DUBAI/RIYADH (Reuters) – Saudi Arabia’s decision to shelve … bankers and investors say. The initial public offering (IPO) of 5 percent of state-owned oil giant Saudi Aramco was a centrepiece of the …
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Banking the unbankable: Rise is on a mission
a Dubai-based start-up aimed at providing banking facilities to low-income workers. While this may be a relatively small amount individually, Rise saw the potential for scale. Collectively, maids in t…
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Does the Aramco IPO saga change Saudi crown prince’s vision?
The IPO was at the centre of Vision 2030 … global head of equity research and strategy at investment firm Exotix Capital in Dubai. The delay to the Aramco sale “demonstrates not that there is a lack …
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Kerala floods: UAE says nothing official yet, no amount of financial aid announced
With his country at the centre of a debate in India over acceptance of Rs 700 crore foreign aid for flood-ravaged Kerala — that debate is now a political slugfest between the Left that runs Kerala and …
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Kerala Flood: Indian Government Refuses Foreign Financial Aid
As Kerala is struggling to find its ground after the devastating floods, financial aid and technical assistance have been pouring in from all corners of the country as well as from the world. UAE, Mal…
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Kerala floods: Tussle over Rs 700-crore aid offer from UAE
(Photo: AFP PHOTO / MANJUNATH KIRAN) He demanded that the government should compensate Kerala if it is unwilling to accept UAE’s offer of assistance. “We asked Union Gov for financial support of Rs 22…
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Saudi Arabia says it ‘remains committed’ to Aramco IPO
DUBAI, United Arab Emirates — Saudi Arabia says it “remains … that acquisition is likely the Saudi Arabian Oil Co.’s proposed purchase of a stake in petrochemical firm SABIC. The IPO of Aramco is a …
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UAE Food Bank donates meat to needy families at abattoir
Workers and needy families received sacrificial meat donations at Al Qusais abattoir during Eid Al Adha, thanks to the UAE Food Bank counter that was introduced across slaughterhouses for the first ti…
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UAE aid: Delhi rules it out, Kerala CM Pinarayi Vijayan says not any other nation
UAE cannot be considered as any other nation … has invited flak for the flood relief amount released so far — Rs 600 crore. On Wednesday, Kerala Finance Minister Thomas Isaac took to Twitter: “Natio…
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Kerala floods: Centre can accept financial aid made voluntarily by another country, says state
The Union government should compensate Kerala if it chooses to adopt a negative stance towards the aid of financial offer made by the United Arab Emirates, Isaac said in a tweet. National Disaster Man…
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Autarky: Centre rejects UAE financial aid for flood-hit Kerala
The central government has refused to accept several hundreds of crore in aid money offered by the United Arab Emirates (UAE) to flood-ravaged Kerala state. The foreign affairs ministry has communicat…
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