ICBC and China Construction Bank Corporation. A recent survey also ranked the UAE as third in a global index of nations that stand to benefit most from the One Belt, One Road Initiative. Kazim said: “Dubai has always been a focal point for trade and …
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Noor Bank lists US$500 million Sukuk on Nasdaq Dubai
DUBAI, 16th May, 2018 (WAM) — Noor Bank today welcomed the listing of US$500 Sukuk on Nasdaq Dubai. The capital raised supports Noor Bank’s continuing rapid growth as a fully scalable universal Islamic bank across the UAE active in a wide range of …
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Alawwal and SABB merger to create Saudi Arabia’s third largest bank
DUBAI: Saudi British Bank (SABB) and Alawwal Bank have agreed on a merger, Alawwal Bank said on Wednesday, in a deal that would create Saudi Arabia’s third-biggest bank with assets of around $77 billion. The merger is the first major banking tie-up in …
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Country Head – Huxley Banking & Financial Services – Dubai Jobs
One of the leading International Banking Group is setting up their Islamic Banking Division in the DIFC; we are currently looking for a Country Head to join them. Setting budgets for new large corporate client relationships comprising assets and liability …
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Noor Bank Rings Bell To Celebrate Listing Of A USD 500 Million Sukuk On Nasdaq Dubai
Capital raised supports bank’s rapid growth as a universal Islamic bank across UAE Successful issuance with five-year term oversubscribed 2.1 times Listing underlines Dubai’s No. 1 position globally for Sukuk at USD 59.72 billion John Iossifidis, Chief …
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Listed firms’ agencies slam hedge funds for ‘violating corporate managerial rights’
Pointing to similar cases in the past of Dubai-based Sovereign Asset Management’s opposition to SK Corp. in 2003 and Elliott’s attack on Samsung Group in 2015, the associations criticized hedge funds for taking huge profits and then withdrawing from the …
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Islamic finance feels heat from $700 mln Dana sukuk saga
DUBAI, May 15 (Reuters) – Islamic finance operators are scrambling to tighten the industry’s rules in order to make sure other companies cannot take the same path as Dana Gas, which this week forced a $700 million debt restructuring. Global standards are …
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Dubai Islamic Bank Stands out at Banker ME Industry Awards
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has once again dominated one of the industry’s leading awards ceremonies, collecting five honours at the Banker Middle East Industry Awards 2018. For the third consecutive year, DIB was …
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Dubai’s GEMS Education said to choose London IPO over stake sale
GEMS Education is set to move ahead with an initial public offering, rebuffing interest from a private equity firm for a stake in the school operator backed by Blackstone Group, according to people with knowledge of the matter. The Dubai-based education …
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Dubai-based GEMS Education said to move ahead on IPO
GEMS Education is set to move ahead with an initial public offering, rebuffing interest from a private equity firm for a stake in the school operator backed by Blackstone Group according to people with knowledge of the matter. The Dubai-based education …
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Blackstone-Backed GEMS Chooses London IPO Over Stake Sale
The Dubai-based education provider may announce plans as early … JPMorgan Chase & Co. and Emirates NBD PJSC to manage the IPO, people familiar with the matter said in December. The company could be valued at about $4 billion or more, people said last …
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Virgin Mobile Middle East raises $30m in pre-IPO sukuk
In the event of an IPO, the certificates will transfer into an exchangeable sukuk, maturing 2 years from the IPO date, the Dubai-based company said in a statement. It added that the funding will be used to support its expansion in the region. Alan Gow …
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UAE digital bank attracts 10,000 new customers per month
international 60-second remittances as well as curated daily feeds of selected deals and happenings in the UAE, personalized to the customer’s preferences. The launch of Liv. Goals, a new feature that allows customers to set and save towards financial …
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Dubai Financial Market : Mada’in Properties reports significant earnings growth in FY 2017
Mada’in Properties PJSC has reported a significant growth in its operating revenue for the year ended December 31, 2017. The company has also achieved a net profit of Dh15 million, which represents an increase of 22% over the financial year ended 2016.
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Gulf Finance Saudi Arabia appoints new CEO
UAE-based financial services group Shuaa Capital has appointed a new CEO for its fully owned Sharia-compliant business financing arm, Gulf Finance Saudi Arabia. The new CEO, Atif Al Othri, will lead a team responsible for providing financial lending and …
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Expenses rising? Here’s how to avoid going broke in UAE
Dubai: The high cost of living is always a personal finance issue for many people in many parts of the world. Households constantly worry about how they can keep a roof over their heads, put food on the table or send their children to school without …
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DAFZA develops smart city goals with Dubai 10X projects
‘Dubai Blink’ and ‘FZExchange’ are two of 26 ‘Dubai … He added that the ‘FZExchange’ project aims to help investors in the free zones gain easier access to the financial and capital markets by creating a simplified regulatory environment …
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