The Dubai Financial Market (DFM) General Index closed 0.41 per cent lower at 2,818.19 due to weakness in Emaar Properties, which fell 2.38 per cent to end at Dh4.92. Dubai Islamic Bank closed 1.59 …
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UAE seeks ‘flexible’ office space to manage financial risks
RELATED ARTICLES: GCC workforce demands more flexible office designs | Deliveroo’s new Sheikh Zayed Road office in Dubai fitted out | Abu Dhabi office market under pressure as rates drop UAE businesse…
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Aramco’s IPO delay carries silver lining for Riyadh stocks
Dubai: There is a silver lining for Riyadh-traded … in other Saudi stocks from what was set to be the world’s largest IPO. Listing Aramco would be “very positive long term, but at the …
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Rasia Increases Position in Fast Growing TerraCom Ltd
DUBAI, UAE, August 24, 2018 /PRNewswire via COMTEX/ — DUBAI, UAE, August 24, 2018 /PRNewswire/ — Special Situations Hedge Fund Sees TerraCom as Deeply Undervalued Rasia has been aggressively investi…
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Abu Dhabi Islamic Bank gets nod for $270m rights issue
ADIB said it will shortly announce the timetable for the rights issue following the approval of the Central Bank of the UAE and Securities and Commodities Authority.
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Emirates Islamic officials visit Expo 2020 Dubai site
As the Islamic Banking Partner of Expo 2020 Dubai, Emirates Islamic is aligned with Expo 2020 Dubai’s theme of “Connecting Minds, Creating the Future,” and is dedicated to providing innovative Islamic …
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Saxo Bank reveals 139% growth in UAE-based female traders
Saxo Bank, the Fintech specialist focused on multi-asset trading and investment, said its UAE-based female trader clients have increased by 139 per cent since December 2016. Women now constitute 10 pe…
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Study: UAE businesses seek flexible workplaces to mitigate financial risks
UAE business leaders and risk managers are adopting flexible real estate strategies to grow their company and mitigate against risk, according to a new study by International Workplace Group (IWG), th…
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No amount of financial aid announced for Kerala: UAE envoy
When asked about the UAE’s $100 million aid offer he said: “It is not yet final. It has not been announced.” The UAE is assessing the relief needed in the aftermath of the floods in Kerala, and no off…
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Careem says IPO still looks far and will take more time
Dubai: Dubai-based ride-hailing app Careem said any initial public offering (IPO) isn’t going to happen soon and will take more time. “We are not looking at it [IPO] now. It will take more time than n…
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Shelved Aramco IPO hits at heart of Saudi prince’s reforms
DUBAI/RIYADH (Reuters) – Saudi Arabia’s decision to shelve … bankers and investors say. The initial public offering (IPO) of 5 percent of state-owned oil giant Saudi Aramco was a centrepiece of the …
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Banking the unbankable: Rise is on a mission
a Dubai-based start-up aimed at providing banking facilities to low-income workers. While this may be a relatively small amount individually, Rise saw the potential for scale. Collectively, maids in t…
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Does the Aramco IPO saga change Saudi crown prince’s vision?
The IPO was at the centre of Vision 2030 … global head of equity research and strategy at investment firm Exotix Capital in Dubai. The delay to the Aramco sale “demonstrates not that there is a lack …
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Kerala floods: UAE says nothing official yet, no amount of financial aid announced
With his country at the centre of a debate in India over acceptance of Rs 700 crore foreign aid for flood-ravaged Kerala — that debate is now a political slugfest between the Left that runs Kerala and …
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Kerala Flood: Indian Government Refuses Foreign Financial Aid
As Kerala is struggling to find its ground after the devastating floods, financial aid and technical assistance have been pouring in from all corners of the country as well as from the world. UAE, Mal…
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Kerala floods: Tussle over Rs 700-crore aid offer from UAE
(Photo: AFP PHOTO / MANJUNATH KIRAN) He demanded that the government should compensate Kerala if it is unwilling to accept UAE’s offer of assistance. “We asked Union Gov for financial support of Rs 22…
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Saudi Arabia says it ‘remains committed’ to Aramco IPO
DUBAI, United Arab Emirates — Saudi Arabia says it “remains … that acquisition is likely the Saudi Arabian Oil Co.’s proposed purchase of a stake in petrochemical firm SABIC. The IPO of Aramco is a …
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