Investing.com – United Arab Emirates equities were lower at the close on Monday, as losses in the Real Estate & Construction, Finance & Investment and Banking sectors propelled shares lower. At the cl…
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UAE gas firm Brooge Petroleum eyes London IPO
RELATED ARTICLES: UAE set to build oil pipeline between Ethiopia, Eritrea | Chinese firm to build two Saudi Aramco oil islands | Baker Hughes wins Saudi Aramco’s Marjan oilfield expansion contract The …
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UAE’s Brooge Petroleum plans to float 40 percent stake in London IPO
DUBAI (Reuters) – The United Arab Emirates’ Brooge Petroleum & Gas Investment Co. plans to float 40 percent of its capital on the London Stock Exchange in October, Chief Executive Officer Nicolaas Paa…
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Roadblocks To Innovation: UAE Small Businesses Sound Off On Working With Banks
The relationship between banks and small-scale ventures in the UAE has always been close (by its very nature), but also quite intense- by choice, apparently. On one hand, the local banking sector ofte…
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UAE’s Brooge Petroleum plans to float 40 percent in London IPO
BPGIC is looking to raise $400 million (£306 million) from Emirati and foreign investors in the IPO, to be conducted in a single tranche, he told Reuters in Dubai. The IPO plan comes as the company pl…
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Roadblocks To Innovation: Banking For Startups In The UAE
You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. The relationship between banks and small-scale ventures in the UAE has always been close (by its very nature) …
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UAE Ministry of Finance Holds a Roundtable Discussion to Enhance Financial Coordination
The Ministry of Finance (MoF), in collaboration with the World Bank Group (WBG), held a roundtable discussion on the project to strengthen the financial coordination of the health and education sector…
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UAE Ministry of Finance to enhance financial coordination
The Ministry of Finance (MoF), in collaboration with the World Bank Group (WBG), held a roundtable discussion on the project to strengthen the financial coordination of the health and education sector…
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Network International’s owners pick banks for float: sources
LONDON/NEW YORK/DUBAI (Reuters) – The owners of Network International are working with investment banks Evercore (EVR.N) and Citi (C.N) on an initial public offering (IPO) of the largest payment proce…
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Dubai real estate needs more institutional investors: Rera chief
The Dubai property sector needs more hedge fund investors from Pakistan and other countries, the chief of the Real Estate Regulatory Authority (Rera) said on Friday. “In the last three years, Pakistan…
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UAE banking sector tops in GCC with H1 assets surging to Dh2.7t
The UAE banking sector, currently undergoing a new cycle of consolidation, continues to surpass GCC peers in terms of total assets that had surged two per cent to Dh2.7 trillion ($748 billion) in the …
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Profitability among top UAE banks continues to improve in Q2
Global professional services firm Alvarez & Marsal (A&M) said in its latest UAE Banking Pulse that operating income and net interest margins were significantly higher than in the previous quarter. Com…
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UAE banks lead Gulf peers with $748bn in assets
The UAE banking sector has continued to top other GCC counterparts in terms of assets value during the first half (H1) of 2018, with a total value of Dh2.7 trillion ($748 billion), a growth of 2 per c…
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Five things to know about the GCC banking mergers
Emirates NBD: In 2007, Emirates NBD was born when Emirates Bank International (EBI) and the National Bank of Dubai (NBD) – the UAE’s second and fourth largest banks – merged to become the most signifi…
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UAE banks continue to lead Gulf peers with $748bn worth of assets
The UAE banking sector has continued to top other GCC counterparts in terms of assets value during H1 2018, with a total value of AED2.7 trillion (US$748 billion), a growth of 2 percent compared to th…
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Dubai financial regulator appoints new chief executive
Dubai Financial Services Authority … which provides a forum for deepening Switzerland’s Basel Committee on Banking Supervision’s engagement with country heads. Bryan Stirewalt will take over from Mr …
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UAE Food Bank signs partnership agreement with ‘Regional Food Banks Network’
DUBAI, 11th September, 2018 (WAM) — The UAE Food Bank signed a strategic partnership agreement with the “Regional Food Banks Network,” in light of the UAE’s keenness to promote social responsibility …
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