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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UAE says it will show restraint after tanker attacks, Iran’s behavior a concern
DUBAI (Reuters) – The United Arab Emirates will show restraint after attacks on oil tankers off its coast and is committed to de-escalation during a “difficult situation” caused by Iranian …
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UAE to investigate listed firm over inflated acquisition value
The capital markets regulator, which supervises and monitors UAE capital markets Abu Dhabi Securities Exchange and Dubai Financial Market, did not identify the company. The UAE’s Securities and …
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Pakistani rupee plunges to record low versus UAE dirham, US dollar: Time to send money?
Dubai: Pakistani expatriates in the UAE are … According to Vijay Valecha of Century Financial the rupee’s decline has been trigged by concerns about the strict conditions of the IMF bailout …
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New system to boost UAE finance sectors’s integrity
The new system “will not affect the customers of banks since it is not applicable to them”, the central bank said. The Central Bank of the UAE has developed a Persona Non Grata (UAEPNG) System in …
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Finablr cuts IPO value amid weak investor demand, volatile markets
Finablr’s share sale opened on May 1 and came in the wake of Dubai-based Network International Holdings Plc’s successful London listing, the largest IPO on the exchange so far this year. Finablr, Abu …
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Dubai Financial Market : Majority of Marka shareholders vote to liquidate the company
Dubai: Following years of turmoil, the shareholders of embattled retailer Marka voted on Wednesday morning to liquidate the business, after a last ditch attempt at turning the company’s finances …
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UAE’s Finablr cuts IPO price in volatile markets
In the UAE, where the company is based, both stock markets in Abu Dhabi and Dubai suffered their biggest single-day declines … The full deal size of 192.5 million pounds for the initial public …
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BitOasis Secures Preliminary Approval With UAE Financial Regulator
United Arab Emirates-based cryptocurrency exchange BitOasis has reportedly secured preliminary approval with financial regulators, Bloomberg reported on May 13. Founded in 2015, BitOasis claims to …
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Saudi oil tankers among those attacked off UAE amid Iran tensions
DUBAI/LONDON (Reuters) – Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and described it as an attempt to undermine the …
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Report: UAE’s Finablr extends IPO closing by a day to May 14
In the UAE, where the company is based, both stock markets in Abu Dhabi and Dubai suffered their biggest … of the sources told Reuters. Finablr’s IPO plans were confirmed last month following …
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UAE’s Finablr extends IPO closing by a day to May 14: sources
ABU DHABI/LONDON (Reuters) – United Arab Emirates-based payments and foreign exchange company Finablr has extended the closing of books for its initial public offering (IPO) to May 14 due to volatile …
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Saudi Arabia says its oil tankers among those hit off UAE coast
DUBAI/LONDON (Reuters) – Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and said it was an attempt to undermine the …
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Dubai Banks Are Said to Hire HSBC and Barclays for Merger Talks
Dubai Islamic Bank PJSC hired HSBC Holdings Plc to advise on its possible acquisition of smaller rival Noor Bank PJSC, according to people with knowledge of the matter. Noor Bank is working with …
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Dubai banks said to hire advisors for merger talks
Dubai Islamic Bank had assets of AED227 billion at the end of March compared with Noor Bank’s AED51 billion in December, according to data compiled by Bloomberg. Dubai Islamic Bank has hired HSBC …
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US issues new warning to ships after ‘sabotage’ off UAE
DUBAI, United Arab Emirates — The U.S. issued a new warning early Monday to sailors over alleged “acts of sabotage” targeting ships off the coast of the United Arab Emirates amid heightened regional …
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NBE aims to attract more UAE investors to Egyptian market
Jamal Saif Al Jarwan, secretary-general of the UAE International Investors Council, met in Dubai with Hussein Tantawy, CEO of the National Bank of Egypt (NBE) in the Dubai International Financial …
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