Most major Gulf markets fell on Thursday weighed down by banking shares, mirroring wider Asian slump amid the US-China trade conflict. But UAE’s top lender lifted Abu Dhabi. Dubai’s index lost …
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Shares of Saudi shopping mall giant slip in major IPO launch
DUBAI — One of Saudi Arabia’s largest initial public offerings (IPO) in five years has slipped below expectations as it debuted on the Tadawul, the country’s stock exchange, Wednesday morning. Shares …
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Mall operator Arabian Centres shares drop below IPO price
RIYADH/DUBAI, May 22 (Reuters) – Saudi Arabian mall operator Arabian Centres shares traded below their initial public offer price on Wednesday, underperforming the market and reflecting limited retail …
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Nearly $1t GCC bank mergers under way
GCC banking sector is undergoing major consolidation phase with 20 banks negotiating mergers and acquisitions with an estimated $1 trillion worth of assets. The UAE leads the pack with highest number …
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COLUMN-Funds sell oil as economic fears trump supply threats: Kemp
(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON- Hedge funds continued to liquidate some of their bullish position in oil last week as concerns about the economy and …
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Hedge Fund Slams Denmark’s ‘Misleading’ $2B Tax Fraud Suit
Solo Capital Partners Ltd. — a U.K. hedge fund founded by Sanjay Shah that closed in 2016 … SKAT has filed a wave of litigation in courts in London, the U.S. and Dubai over the alleged fraud, which …
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Dubai tribunal affirms Royal Shield licence withdrawal
The Financial Markets Tribunal has affirmed a decision by the Dubai Financial Services Authority (DFSA) to withdraw the licence of Royal Shield Ltd to operate in or from the Dubai International …
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Emirates Islamic Bank : Mobile wallets reshape payments in UAE
Acceptance of mobile wallets in the UAE is growing as consumers become spoilt for choice when it comes to payment options. With a simple tap of their smartphone or smartwatch, residents can today pay …
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Coatue may lead $120 mn funding in Faasos parent
New York-based technology hedge fund Coatue Management is in talks to lead a $120 million … “Rebel will use the funds to expand its network of kitchens from the 200 to 500 and expand to Dubai and …
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Mobile wallets reshape payments in UAE
We are the first and only Islamic bank in UAE to have launched all three major digital mobile wallets, namely Apple Pay, Google Pay and Samsung Pay, providing secure and convenient payment …
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These are the UAE’s most in-demand jobs and how much they are paid
Analyst, developer and finance manager top the list of most in-demand roles in the Emirates this year, according to recruitment consultant Robert Half UAE, as employers focus on adapting to an …
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Saudi Arabia fines 16 banks, including UAE bank
Saudi Arabia’s central bank on Sunday fined 16 banks, including a UAE bank and some of Kingdom’s largest banks, for violating its laws and asked all the lenders to correct the violations. The Saudi …
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UAE’s Aster DM Healthcare may launch London IPO within next 3 years after Brexit
Dubai-based Aster DM Healthcare is considering listing on the … 113 clinics and 219 pharmacies in nine countries and in February 2018 it launched an initial public offering (IPO) on the Bombay Stock …
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Emirates Islamic to offer UAE Nationals home finance solutions under Sheikh Zayed Housing Programme
Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced a partnership with the Sheikh Zayed Housing Programme. Enhancing its position as the preferred …
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ECI signs MoU with ADCB to support UAE businesses
Etihad Credit Insurance (ECI), the UAE Federal credit insurance company, has signed a memorandum of understanding (MoU) with Abu Dhabi Commercial Bank (ADCB), one of the UAE’s leading full-service …
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Online scam: Filipina expat in Dubai in a soup after falling victim to bank scammers
Dubai Police emphasised that all scam messages contain suspicious links, and warned residents not to open links from unknown sources. Image Credit: Al Ameen Service A Filipina expat has fallen …
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Daybreak: Sanchez Reelected. Missing Volatility. (Podcast)
In today’s Dubai Daybreak podcast, we cover the biggest stories that happened over the weekend. Pedro Sanchez looks set to return as Spain’s prime minister. Hedge funds expect low volatility to …
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