The IPO could see 25 to 30 per cent of Network … according to the publication. The Dubai-headquartered company services more than 65,000 merchants and 220 financial institutions across 50 …
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Streamcast eyes London IPO, JPMorgan, HSBC Holdings poised for role
Discussions about an IPO are at an early stage and Streamcast … Streamcast has offices in the U.S., U.K., Ireland, Malta, Kenya, Dubai, Bahrain and India, according to its LinkedIn page.
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Construction, retail growth boosts revenue of Dubai’s Emaar
Emaar’s net profit totalled AED5.3 billion ($1.4 billion), a growth of 28 percent, prior to considering the effect of the IPO of Emaar Development and … continued to record higher occupancy than Dub…
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Close to home: Property Finder’s $120 million investment to focus on existing markets
“Being IPO-ready is a great exercise … Lahyani declined to give a specific value to the company, which was founded 11 years ago in Dubai, although a Reuters report suggested that it was close to $50…
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Emaar unit sells 5 premium hotels to Abu Dhabi group
Dubai-based developer Emaar Properties has announced that its … had grown tremendously in the first nine months on the back of the initial public offering (IPO) of Emaar Development and foreign exch…
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Musk Blasts SEC, United Auto Workers in ‘60 Minutes’ Interview
Elon Musk, the CEO of both Tesla Inc. and Space Exploration Technologies Corp., opened up about his tumultuous year in a wide-ranging interview with CBS’s “60 Minutes.” Musk, 47, told anchor Lesley St…
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UAE Central Bank says lenders must do credit checks before issuing chequebooks
Banks in the UAE must carry out a credit check on customers before issuing a chequebook, according to a new circular sent to financial institutions by the Central Bank of the UAE. The Central Bank sai…
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Standard Chartered cuts jobs in UAE retail bank: sources
DUBAI (Reuters) – Standard Chartered is cutting jobs in its retail bank in the United Arab Emirates, in part as more customers move to digital services, people familiar with the matter told Reuters. T…
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New integrated payment system in UAE by 2020
The UAE will soon boast a new integrated payment system that builds on the foundation set by the eDirham system, and which is in line with the country’s digital transformation objectives. The Ministry …
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Dubai Islamic Bank Triumphs at Islamic Business and Finance Awards 2018
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has once again dominated the Islamic Business and Finance Awards, collecting five major accolades at the prestigious industry event. The …
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As the liquidity tide recedes, will investors need a different boat?
Image Credit: Dubai: Alternative investments can include a variety of investment vehicles, such as private equity, real estate, commodities, hedge funds and even ‘liquid alternative mutual funds’.
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UAE- ADNOC to open two service stations in Saudi Arabia this week
IPO, in December 2017 to grow its business, not only in the UAE but also internationally. The company is currently reviewing a number of potential options to grow its international operations.
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UAE private sector growth remains strong on higher demand
Official data showed the UAE’s non-oil sector grew 2.5 per cent in 2017. The Quarterly Economic Review of the Central Bank of UAE for the third quarter of 2018 projected the non-oil GDP in …
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UAE financial regulators to cooperate on investment funds
Financial regulators in the UAE have agreed to implement a passporting regime, facilitating the licensing of funds by each regulator for promotion across the UAE.06 Dec 2018 The agreement will strengt…
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The Financial Diet: How to budget your life in the UAE
If you’re fresh out of university and have landed yourself a job, you’re most definitely the new kid on the block. While this is an exciting experience, keeping track of the responsibilities …
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UAE positive on KYC utility tests
First Abu Dhabi Bank, UAE Exchange and ADGM, was formed in February to develop a proof-of-concept to decide the governance framework and the functional requirements of an e-KYC utility. The app develo…
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Matt Hedges says UAE officials asked him to spy on the UK
Mr Hedges suggested that the UK should examine its alliance with the UAE. “Is it putting trade, is it putting finance, is it putting anything else over the values it stands for?” he said. He added tha…
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