Tag: finance

That would have made it the biggest IPO in London since July 2017 in terms of market capitalisation. Gems is majority-owned by Dubai-based Varkey Group, which has interests in education, healthcare, c…
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DUBAI (Reuters) – The United States and the United Arab Emirates have broken up a network funneling illicit funds to Iran as Washington steps up a drive to restrict Iranian trade and access to hard cu…
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DUBAI, United Arab Emirates — A top U.S. official focused on sanctions against Iran on Thursday linked American financial pressure on Tehran with ongoing economic protests roiling the country, saying …
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DSI also later issued a bourse statement confirming the “existence of material financial violations from the previous management”. It said the violations are currently under investigation by UAE autho…
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Dubai contractor Drake & Scull International said its former management was involved in “material” financial violations that are currently under investigation by the designated UAE authorities. The co…
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Commercial Bank of Dubai reported a 68 cent rise in its first-half net income as operating expenses and impairment charges for bad loans declined while net interest and fee income climbed. Net profit …
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Shuaa Capital and Ajman Bank joined a growing list of UAE-listed companies with direct or indirect exposure to Abraaj Group, the embattled private equity firm that has been roiled by allegations of mi…
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The initial public offering (IPO) of Blackstone-backed, Middle East-focussed education company GEMS has been shelved, three sources familiar with the matter said. Sources familiar with the deal had sa…
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That would have made it the biggest IPO in London since July 2017 in terms of market capitalisation. GEMS is majority-owned by Dubai-based Varkey Group, which has interests in education, healthcare, c…
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A case involving the founder of private equity firm Abraaj, Arif Naqvi, and another executive for issuing a cheque without sufficient funds was adjourned on Wednesday until July 15 by a court in the U…
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During Azar’s stint, Barclays has done some key deals in the Middle East, including advising on the Borse Dubai’s sale of its $2.1 billion stake in the London Stock Exchange Group Plc. Barclays hired …
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Mubarak Rashed Al Mansoori, the UAE Central Bank Governor, highlighted that: “The Central Bank is constantly working to ensure that the financial regulatory environment enables innovation whilst at th…
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The Abu Dhabi Securities Exchange closed up 1.12 per cent at 4,668, while the Dubai Financial Market closed up 0.71 per cent at 2,895. Julphar was up 6.98 per cent, while FAB shares gained 1.64 per ce…
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Tourist spending in the UAE is unlikely to return to the same growth rates seen prior to the recent oil price slump amid changes in traveller spending habits, according to US financial technology firm …
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The UAE remained in good standing at this year’s edition of the … while also urging the further expansion of fundamental research and linking it with finance. “The country is now tapping into the po…
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US Secretary of State Mike Pompeo says the US wants to show Iran its actions have “a real high cost”, while on a visit to the United Arab Emirates. Speaking to Sky News Arabia, Pompeo said on Tuesday …
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This month, Dubai-based Abraaj Group, which once managed almost $14 … friends and business associates to siphon money from the fund. The hedge funds originally estimated the alleged fraud by IREO ex…
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