Morgan Stanley also selected and Evercore will be IPO adviser The IPO, which could see shareholders sell about 25 percent to 30 percent of the company, may value the whole of Network International at …
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Banking: Merger momentum grows in the Gulf
It has been a long time coming. As far back as 2007, the merger of Emirates Bank International and National Bank of Dubai – to create Emirates NBD, Dubai’s largest bank – was widely expected to start …
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Malaysia dominates the Islamic economy, but the United Arab Emirates is hoping to close the gap
Malaysia’s lead is supported by its dominant Islamic finance ecosystem, but the UAE (which consists of seven seven emirates including Abu Dhabi and Dubai) is making progress to narrow the gap …
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Dubai’s Shuaa posts best quarterly profits for a decade
Dubai-based Shuaa Capital on Monday reported net profits of AED30.1 million ($8.1 million) for the third quarter of 2018, up 31 percent year on year and the company’s highest quarterly figure since 20…
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ADGM announces sustainable finance ambition to support UAE’s long term sustainable growth
International Financial Centre in Abu Dhabi, is pleased to support the 2018 IIF MENA Financial Summit in Abu Dhabi on 6 to 7 November 2018. Abu Dhabi: Abu Dhabi Global Market, the International Financ…
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Financial Analyst – Dubai Jobs
• Determines cost of operations by establishing standard costs; collecting operational data. • Identifies financial status by comparing and analyzing actual results with plans and forecasts. • Guides …
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UAE Central Bank says economy to expand 4.2% in 2019
The UAE economy will expand 4.2 per cent next year, faster than the International Monetary Fund’s estimate, as the country carries on with reforms and sustains no material impact from restrictions on …
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These Are the UAE Banks That Are Hiring and Firing
According to the UAE Central Bank data for the month of September 2018, the UAE banks added 356 employees month-on-month to 35,791 at September end. National banks hired 385 people while foreign banks …
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U.K.’s DeVere Launches Actively Managed Cryptocurrency Fund
The crypto investment fund called deVere Digital Asset Fund is developed in partnership with Dubai-based hedge fund manager Dalma Capital Management Ltd. The deVere Digital Asset solution will invest …
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Trriple aims at financial inclusion in the UAE
What is the uptake of mobile payments and digital wallets in the UAE? Currently, we have seen reports that show 70-75 per cent of transactions made in the UAE are cash-based. The goal for UAE to …
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Dubai financial adviser Neil Grant liable for client’s six-figure losses, says civil court financial expert
An unlicensed financial adviser has been found liable after a client lost hundreds of thousands of dirhams in an investment scheme. A civil court-appointed financial expert came to the conclusion afte…
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Dubai’s Arabtec hires US firm to advise on new restructuring plan
structuring options and engagement with finance providers,” Arabtec said in a filing to Dubai Financial Market. The company said it achieved the first major milestone raising AED1.5 billion through a …
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FAB Launches New Brand for Its Islamic Business, As Its Subsidiary Is Renamed First Abu Dhabi Islamic Finance
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, announced today that it is launching a new FAB Islamic logo inspired by the FAB Bra…
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Dubai bank Emirates NBD launches API sandbox for fintechs
Dubai bank Emirates NBD has launched its API (Application Programming Interface) sandbox, to enable open banking collaboration with fintech firms. The first lender in the UAE to launch such a …
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Dubai financial adviser Neil Grant found responsible for client’s six-figure losses by court-appointed expert
An unlicensed financial adviser has been found liable after a client lost hundreds of thousands of dirhams in an investment scheme. A civil court-appointed financial expert came to the conclusion afte…
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Dubai International Financial Centre signs agreement with China Banking Association
MoU to create synergies and promote knowledge sharing in the areas of financial services and FinTech The two entities to collaborate on sharing best practices and delivering enhanced services to their …
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United Arab Emirates shares mixed at close of trade; DFM General down 0.37%
Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Consumer Staples, Insurance and Finance & Investment sectors propelled shares higher while losses in th…
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