The market for trophy real estate, luxury homes that sell for upwards of $50 million, is booming. Here’s a look at some recent megadeals.
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UAE’s PPP model designed to encourage private sector to invest in uplift projects
UAE participates in 4th G20 Finance Ministers and Central Bank Governors Meeting; The UAE minister highlights the importance of ensuring that the international tax …
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UAE participates in 4th G20 Finance Ministers and Central Bank Governors Meeting
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, participated in the fourth G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, which was held on 12th-13th October in …
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Mohamed Bin Hadi Al Hussaini participates in the 4th G20 Finance Ministers and Central Bank Governors Meeting
Held on the sidelines of the International Monetary Fund-World Bank Group Annual Meetings, the meeting sought to deliberate the latest global economic developments and the updates on executing the pri …
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UAE CBI bank first in the world to recruit in the metaverse
CBI conducted formal interviews in their Metaverse location, which led to the recruitment of an Emirati employee by the Bank.. UAE CBI bank first in the world to recruit in the metaverse. CBI, …
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“We Got Funded!” UAE-Based Youth-Focused Banking Platform Cashee Raises US$3 Million In A Series A Round To Accelerate KSA Expansion
Cashee, a UAE-based digital banking platform tailored for teenagers in the MENA region, has raised US$3 million in a Series A funding round led by (ANB). With t …
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Dubai records over AED2.1 billion in realty transactions Thursday
Dubai real estate market recorded 401 sales transactions worth AED1.69 billion, in addition to 77 mortgage deals of AED324.64 million, and 13 gifts deals amounting to AED132.47 million on Thursday, …
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Lulu Group making steady progress with IPO plans to list shares on ADX in 2023
Number of other firms are considering their initial public offerings on Abu Dhabi bourse and the Dubai Financial Market to build up resilience against international …
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UAE’s LuLu Group set for IPO next year as it plans expansion
Abu Dhabi’s LuLu Group International is planning to launch an initial public offering next year and has hired investment bank Moelis to advise it on the deal, according to a company representative.
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Lulu Group confirms hiring Moelis & Co for 2023 IPO, to be listed on ADX
Proceeds of the IPO will be used for the group’s business expansions, with a focus on new markets such as Iraq and North Africa …
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UAE: New decade of industrial development, leadership in future industries
The UAE has realised the importance of digital transformation and is looking forward to an industrial future based on technology, to ensure its sustainability …
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UAE: IMF revises country’s growth forecast upward for 2022-23
As the fear of the world slipping into a recession grows, the International Monetary (IMF) has revised the UAE’s economic growth forecast upward for 2022 a..
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UAE supermarket chain Lulu hires Moelis for IPO – sources
Abu Dhabi-headquartered supermarket chain Lulu Group International is planning an initial public offering and has hired investment bank Moelis & Co to advise it, two sources familiar with the matter …
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UAE: 4 new ways to pay for govt services announced in Sharjah
The latest payment package will employ near-field communication (NFC) technology to provide more accessible, faster, and more flexible transactions …
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UAE most targeted in Mena for M&A deals
The UAE was the most targeted nation for mergers & acquisitions in the Middle East and North Africa region as the value of deals in the first nine months r..
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Burjeel Holdings to use proceeds from new shares for expansion in UAE, Oman, Saudi: Dr. Shamsheer
Ongoing expansion in UAE, Oman, KSA In an exclusive interview with WAM … Dr. Parambath said the strong demand for the company’s Initial public offering (IPO), which was 29 times oversubscribed, …
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UAE: Paying bills, banking, visiting the doctor in the metaverse, what does it mean for you?
Commercial Bank International, a corporate and retail bank headquartered in Dubai, announced the official launch of their Metaverse location The idea would be that one day you could do everything …
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