UAE-based eyewear retailer Magrabi plans to expand globally and … Magrabi also said that the company plans to launch an e-commerce website in 2020 and is still considering an IPO. This Ramadan, …
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Saudi Arabia records one IPO in Q1 in 2019
Economic reforms and market development initiatives are high on the agenda of regional governments, particularly in Saudi, Egypt and the UAE, which will pave the way for a buoyant MENA IPO market in …
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Uber’s second-in-command, chief marketing officer depart in post-IPO shake-up
“There’s never really a right time to announce departures or changes like this, but with the IPO behind us, I felt this was a good moment to simplify our org and set us up for the future,” …
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Uber’s $1.3 Billion Acquisition Of Careem Gets UAE Regulator’s Nod
The deal has now received approval from the UAE Ministry of Economy … in the first quarter of 2019 and has been under the spotlight for its less than stellar IPO. Compounding the San Francisco-based …
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Global funds favouring bond over equity markets in the Middle East
The last initial public offering in the United Arab Emirates was in 2017. Once debt-averse … Just as the debt market was opening up, an IPO drought settled over the region, and it shows no sign of …
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Dubai unveils new insolvency law
The Dubai International Financial Centre (DIFC) has introduced a new insolvency law, which will place the financial centre in line with best practices and at the forefront of complicated debt …
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Dubai rare coins firm plans IPO in Stockholm
Numisbing, a Dubai-based numismatics and arts company, is planning to IPO on Nasdaq First North Stock Exchange in Stockholm, Sweden, next month. The company, valued at AED100 million with 75 percent …
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UAE ranks second in global token sales
The Abu Dhabi Global Markets and Dubai International Financial Centre free zones already have blockchain-specific regulations in place. Not only that but UAE and Saudi-Arabias’ central banks are also …
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Dubai Islamic Bank Board Recommends Buying Local Competitor
Dubai Islamic Bank PJSC is proceeding with plans to acquire a smaller local rival as the United Arab Emirates’ biggest Islamic lender joins a regional wave of mergers and acquisitions. The shares …
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Demand for Islamic banking to drive profitability in UAE
Dubai: Emirates Islamic, belonging to Emirates NBD Group, is gaining traction in asset growth, profitability and asset quality, thanks to strong demand for Islamic banking services, a sharply focused …
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Retail banking strategy to drive asset growth
Dubai: Emirates Islamic’s balance sheet is dominated by retail banking assets and going forward, this will continue to be the key driver of both asset growth and profitability, said Wasim Saifi, …
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Qatar imposes additional restrictions on UAE’s largest bank
DUBAI (Reuters) – Qatar has placed further restrictions on First Abu Dhabi Bank, the United Arab Emirates’ largest lender, as it continues a probe into alleged currency manipulation begun after the …
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Network International listed on FSE 250 Index
The Dubai-based outfit, which enables digital commerce in the Middle East and Africa, has been included in the prominent index after its hugely successful initial public offering (IPO) in April this …
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World of Wonders Real Estate Development, Dubai Islamic Bank introduce home finance solution for SLS Dubai residences
A truly exclusive home finance solution that brings greater affordability for end users and potential to earn more than 45% return on equity for investors during the first 7 years. A development by …
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UAE- Emirates NBD highlights commitment to preserving marine biodiversity on World Ocean Day
(MENAFN – Dubai PR Network) Bank’s Keep the Creek Clean initiative clears more than 5,400kgs of waste from the ocean Dubai, 08 June 2019: Emirates NBD, a leading financial institution in the …
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Banking reforms key to Narendra Modi’s second term, analysts say
The World Bank estimates that recovery rates – accounting for the outcome … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and …
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Dubai banks involved in money laundering scandal
Instead of looking into the source of such money, Dubai bank is cooperating with their clients in shifting funds to various banks in the world. In 2009, a Bangladeshi family had smuggled-out millions …
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