New York-based Morgan Stanley is to work on the IPO of Americana, which counts Dubai’s Mohamed Alabbar and Saudi’s PIF among its backers.
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Indian rupee steady at 21.15/Dh after central bank hikes interest rate by 50 basis points
UAE’s Indian expats had been cashing in after Indian Rs dropped below 21 on May 9 Dubai: The Indian rupee is holding steady at 21.15 to the dirham early on Wednesday (June 8) after the Reserve Bank of …
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UAE, Jordan and Egypt central banks sign agreements for financial co-operation
The Central Bank of the UAE has signed preliminary agreements with Jordan and Egypt’s banking regulators to enhance financial and banking co-operation, after the recent industrial partnership between …
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Gupta brothers arrest: UAE will not stop combatting illicit finance, says minister
is the latest example of our commitment and sustained efforts to combat illicit finance. “I am thankful to the UAE authorities who have led this case with expert skill and compiled the requisite …
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CBUAE signs a MOU with Jordan and Egypt to promote financial and banking relations
Central Bank governors from the UAE, Egypt and Jordan discuss prospects for developing co-operation and supporting industrial partnerships …
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UAE: Indian-origin brothers held in Dubai
Dubai: Dubai Police have arrested Atul and Rajesh Gupta, who are wanted in South Africa over money laundering and criminal charges, the Khaleej Times reported on Tuesday.
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Explained: The many crimes of South Africa’s wealthy Gupta brothers arrested in the UAE
Former finance minister Pravin Gordhan was among those who were … After their arrest, a statement from Dubai Police said the two men were being held “in connection with money laundering and criminal …
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Banking on entrepreneurship
Dubai leads in transformation of education system and promoting entrepreneurship learning through future-ready syllabus and courses that will help ease pressure on …
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EFG Hermes completes advisory on $323 million private placement ahead of the IPO of Ali Alghanim and Sons Automotive Company on Boursa Kuwait
Driven by pent up demand, the private placement was oversubscribed about 11 times Ali Alghanim and Sons Automotive Company, an official distributor of coveted vehicle brands in Kuwait, Egypt, and Iraq …
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Dubai Police Arrest Brothers Wanted By South Africa For Money Laundering
The Dubai Police have arrested Atul and Rajesh Gupta, who are wanted in South Africa over money laundering and criminal charges. The police said the brothers are among South Africa’s“most wanted …
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UAE economy’s growth for this year upgraded to 5.4 percent by Central Bank
It should also grow another 4.2 percent in 2023 as growth momentum continues, predicts the banking regulator UAE economy’s growth for this year upgraded to 5.4 percent by Central Bank CBUAE, Central …
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UAE arrests Gupta brothers accused of corruption and defrauding South Africa
UAE law enforcement have arrested the Gupta brothers, talks are now underway with South Africa on what happens next.
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AECB, Tradeling to offer businesses in UAE better credit facilities
As part of the agreement, local and international sellers on the platform will be able to identify companies with a good credit rating and extend financing terms, offering them an …
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UAE economy to expand 5.4% this year on Covid mitigation measures, Central Bank says
Reuters . The UAE economy is flourishing again and is set to expand by an annual 5.4 per cent this year, driven by the …
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Dubai Sells Stakes in Key Assets to Canada Fund to Cut Debt
Dubai is selling stakes in some of its most prized assets, including the port that helped transform the city into a global trade hub, to a Canadian fund as the emirate seeks to alleviate its debt …
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Indonesia lists $3.25b Sukuk on Nasdaq Dubai
5 billion as the first Dirham-denominated treasury bonds issued by the UAE Federal Government acting through the Ministry of Finance. The issuance is part of an ambitious strategy that includes a …
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Banking system well-capitalised, liquid: CBUAE
Through the annual report, the UAE Central Bank expressed its pride in its vital role in promoting the country efforts to contain the financial and economic challenges caused by the COVID-19 pandemic …
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