Fitch Ratings has affirmed UAE-based Emirates Islamic Bank PJSC’s (EI) Long-Term Issuer Default Rating (IDR) at ‘A+’ wi …
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Dubai’s Shuaa Capital records highest Q1 profits in a decade
Looking ahead to Q2, Shuaa is looking towards a ‘healthy pipeline of activity and deals across the platform, including some transactions which saw delays in completion in the first quarter of the year …
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Abu Dhabi’s ADNOC invites banks to pitch for bookrunner roles for drilling unit IPO
The oil giant invited a handful of international and local banks to take part in the process of the public share sale of ADNOC Drilling, which is due ..
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Tadweer CEO says Saudi electronic equipment recycling market valued at SAR 10 bln, to arrange IPO in H2 2021
Nasser Aldueb, CEO of Tadweer .tb_button {padding:1px;cursor:pointer;border-right: 1px solid #8b8b8b;border-left: 1px solid #FFF;border-bot …
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How Dubai-based start-up nybl has ‘ripped up the playbook’ for AI
Science-based AI pioneer announces latest acquisition and reveals plans for an upcoming IPO Science-based artificial intelligence (AI) pioneer, nybl, has acquired Nubila, a visual data mining and …
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Trustpac Offers Special Promotions on IPO Contracts
As markets show first signs of recovery from the financial slowdown of 2020, reputed online trading brand Trustpac has announced it is offering its clients the chance to trade on selected IPO (initial …
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Ajman Bank launches its first dedicated wealth management branch in Dubai
Ajman Bank has announced the opening of its first dedicated Wealth Management branch in Jumeirah Dubai that is designed to exclusively serve its Ajman Wealth customers. Equipped with outstanding …
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Seamless Cross-Border Payments Now Supported by UAE Central Bank and SWIFT Collaboration
Seamless cross-border payments now supported by UAE Central Bank and SWIFT collaboration. The transfers allow for greater transparency.
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Dubai Shares Gain Amid Property Recovery Optimism: Inside EM
Stocks in Dubai were among the biggest gainers across the Middle East amid optimism that Emaar Properties PJSC earnings may point to a wider recovery in the emirate. The Dubai Financial Market General …
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Abu Dhabi’s ADNOC invites banks to pitch for bookrunner roles for drilling unit IPO-sources
Dubai: Abu Dhabi National Oil Co (ADNOC) has invited investment banks to pitch for bookrunner roles for the initial public offering of its drilling unit, two sources told Reuters on Sunday. The oil …
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Mythical to meteoric: The rise of tech unicorns
Ammar Al Malik is the managing director of Dubai Internet City The boom in tech firms either floating on stock markets or …
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MENA equity capital market activity plunged in Q1; Alkhorayef sole IPO
Equity and equity-related issuance in the MENA region totaled $267.7 million during the first quarter of 2021, a 67 percent decline in proceeds from 2020 and the lowest start to the year since 2011, …
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HSBC issues first green mortgages in the UAE
Sustainable loans in UAE are also the first green mortgages issued by HSBC globally Dubai: HSBC has issued the first green mortgages in the UAE, heralding a significant moment for the country’s …
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DIFC Courts boosts Dubai’s paperless mission
Courts has acquired the qualified electronic seal solution Ethaq, a paperless initiative that enables digital authenticity of documents with the support of UAE PASS, the secure national digital …
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JP Morgan, FAB poised to win roles on IPO of Adnoc drilling unit
IPO could value Adnoc’s drilling business up to about $10 billion Dubai: Abu Dhabi National Oil Co. is close to hiring JPMorgan Chase & Co. and First Abu Dhabi Bank PJSC to help arrange the potential …
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Sweden’s Trustly Scraps $950 Million IPO Plans
Swedish FinTech Trustly Group is scrapping plans to raise an estimated $950 million in an initial public offering (IPO) following a review by regulators.
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U.K. Dishes Out First Tax Scandal Fine to Broker Linked to Shah
The U.K.’s financial regulator handed down its first penalty over the Cum-Ex tax scandal, fining a broker 178,000 pounds ($248,000) for failings regarding its relationship with hedge-fund manager …
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