Saudi Arabia’s bourse, Tadawul, has invited banks to pitch for roles in its highly-anticipated flotation, three sources told Reuters on Wednesday. Tadawul hired HSBC in 2016 to manage an IPO initially …
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Dubai-based hedge fund trader’s $2 bln tax trial begins in London
The UK civil case is one avenue that Denmark’s tax authority is pursuing in a bid to claw back massive tax rebates it says it unwittingly handed to Shah and others. The nation has also charged Shah, …
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Saudi Arabia announces $1.3 trillion private sector investment push led by Aramco, SABIC
DUBAI (Reuters) – Saudi Arabia’s crown prince … planned to offload its shares in companies in coming years and to IPO projects it is launching. “We will recycle the money. We shouldn’t keep …
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Aafaq Islamic Finance Launches Exclusive “Happiness” Package For Dubai’s DED Employees
In conjunction with the “International Day of Happiness” celebrated around the world in March, Aafaq Islamic Finance launches a new “Happiness” package …
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UAE 2021 budget: Social development gets Dh26.04 billion
Dubai: Nearly 43 per cent of the UAE’s Dh58.11 billion federal budget for 2021 will be assigned for social development and social benefits, according to the Ministry of Finance. More to follow. Get …
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Dubai to establish one of the world’s largest waste-to-energy plants
Dubai Waste Management (DWMC) has announced that it has secured project finance worth $900 million from major institutional lenders, including Japan Bank for International Cooperation (JBIC) for a …
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Dubai to develop Dh4 billion energy from waste facility
I feel the future of our kids is in the safe hands of the UAE’s leadership,” Maniar told Khaleej Times on Monday. Project finance loan agreements worth $900 million have been finalised with Japan Bank …
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LuxuryProperty.com and Sports World Magazine Form Exclusive Marketing Partnership
This partnership creates a direct line between champion athletes and Dubai luxury real estate, providing them with a dedicated property resource in the region. Celebrities in the world of sport and …
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Sheesha Finance to Launch DeFi Mutual Fund: Kicks off Liquidity Generation Event
DUBAI, UAE, March 29, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) – Sheesha Finance (https://sheesha.finance/), the first one-stop-shop for investors to have diversified exposure to DeFi projects …
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UAE-based fintech NOW Money secures $7mln to expand digital banking solution in GCC
NOW Money, the GCC’s first digital banking solution for low-income migrant workers, has secured $7 million in a funding round led by venture investor, Anthemis Exponential Ventures. Anthemis …
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United Arab Emirates (UAE) Projects Outlook Report H1 2021
The “United Arab Emirates (UAE) Projects, H1 2021 – Outlook of Major Projects Spanning Construction, Oil and Gas, Renewable Energy, Transport, Power and Water, Industrial Sectors – MEED Insights” …
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UAE-based fintech NOW Money secures $7m to expand digital banking solution in GCC
Money, the GCC’s first digital banking solution for low-income migrant workers, has secured $7 million in a funding round led by venture investor, Anthemis Exponential Ventures. Anthemis Exponential …
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RAKBANK becomes first UAE bank to join MMA as a board member
The tie-up will help accelerate the bank’s digital transformation in mobile banking and, in return, the Association will gain local insights …
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$3.5bln in letters of guarantee issued by banks in three months: UAE Central Bank
Letter of guarantee is a type of contract issued by a bank on behalf of a customer who has entered a contract to purchase goods from a supplier …
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Aafaq Islamic Finance announces 68% increase in profits in 2020
Despite the repercussions of the current global pandemic, Aafaq Islamic Finance, the leading institution in the financial sector across the UAE and the region, revealed profitable results of the …
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Barbeque Nation IPO: Here’s How To Check Share Allotment Status
The IPO comprised a fresh issue of Rs 180 crore and an offer for … operates 147 Barbeque Nation restaurants in 77 Indian cities and six restaurants in UAE, Oman and Malaysia.
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Changes in UAE citizenship law beckon hope and inclusion
In an unprecedented move, the UAE announced a landmark decision this year to open its citizenship to a select group of investors, professionals, and those that possess specialised talents. The …
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