It was on April 12 that DEWA listed on DFM after a hugely successful IPO, the first of 10 Dubai Government enterprises that will take the road to a public listing. Since then, DEWA’s stock has been …
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Dubai district cooling firm Empower’s IPO chances remain strong
Dubai: The chances of the Dubai district cooling company Empower coming up for a DFM listing is strong. DEWA, the utility giant that hold a majority stake in Empower, said that a review of the company …
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UAE Stocks Surge On Strong Corporate Earnings
Stock markets in the UAE ended higher on Wednesday with the Abu Dhabi index reaching a record high driven by strong corporate earnings. Th …
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Ziiboard: UAE-Based Fintech Ziina Files Patent For Innovative New Business Payment Keyboard
With the ZiiBoard, businesses can now request payments on WhatsApp, Instagram, or any messenger in just a few taps Dubai: Z …
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UAE and UK to fund Dh540m package for emergency services in Senegal
The UAE has joined forces with the UK to provide a Dh540m package to boost emergency response services in Senegal. The national emergency response programme, called the Redco Project Senegal, aims to …
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Alain Finance and Network International to launch credit card offerings in the UAE
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
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Emirates Islamic wins global awards for ‘Best Islamic Bank in UAE’
Emirates Islamic was named ‘Best Islamic Bank in UAE’ for the bank’s stellar performance across banking segments and for driving growth in the uptake of Islamic banking solutions across the UAE. The …
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Dubai’s biggest bank gives pay raises to cushion inflation
The trajectory of price increases represents a significant turnaround from deflation throughout 2019 and 2020 – Click the link for more details.
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Dubai records over $653mln in real estate transactions on Tuesday
The sales included 360 villas and apartments worth $201.32mln and 76 land plots worth $63.35mln DUBAI – Dubai real estate market recorded 436 sales transactions worth AED971.4 million, in addition to …
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Can Middle East money lure expats and wealthy emigrants from China? Saudi Arabia, Dubai splash on mega projects to diversify, attract talent and investors
The Line and The Ava are two new projects to extend the pipeline of shiny mega developments in the Gulf states Oil-dependent GCC states have experienced fluctuating fortunes tied to global energy …
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First tranche of $1,000,000 Paid to United Arab Emirates Headquartered Company for Acquisition
Quality Industrial Corp. (OTCQB:QIND), today announced that on August 3, 2022, they issued a two-year convertible promissory note in the principal amount of $1,100,000 to RB Capital Partners Inc. The …
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UAE: More residents opening digital bank account, says report
Neobanking adoption is set to grow in the UAE with more than one-third of residents having a digital bank account in 2023, says a new study. The number of adults in the UAE with a neobank account grew …
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Alain Finance collaborates with Network International for its credit card offerings in the UAE
Network’s established payment infrastructure and value-added revenue-generating and risk management services will help Alain Finance to focus on differentiating itself as a leading digital player in …
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How Middlesex University Dubai’s Accounting and Finance programme gets you closer to ACCA accreditation
Many degree programmes integrate industry qualifications into their curriculum, including Middlesex University Dubai, a 5-star KHDA-accredited British higher education institution in the UAE and Dubai …
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Dubai plans to raise $1bln in Salik IPO – report
The Dubai government is planning to raise $1 billion selling shares in road toll company Salik, with the initial public offering (IPO) taking place as soon as next month, according to a Bloomberg …
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UAE ministry issues resolution on bank guarantees, employees’ protection insurance scheme
A new resolution on bank guarantees and employees’ protection insurance scheme for the private sector was announced on Tuesday. Under the new resolution, establishments may provide a bank guarantee, …
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Salik next in Dubai IPO craze, seeks to raise up to $1 billion
Salik is said to have taken out a $1.1 billion loan from Emirates NBD to pay a special dividend to the government, unnamed sources told Bloomberg Salik next in Dubai IPO craze, seeks to raise up to $1 …
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