GEMS Education, the Dubai-based school operator backed by Blackstone Group LP, is planning to delay an initial public offering after the local government unexpectedly said it would freeze school fees, according to people with knowledge of the matter.
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Abu Dhabi-based VPS Healthcare said to hire Rothschild on London IPO
VPS Healthcare hired Rothschild & Co to advise on a potential initial public offering in London … A London listing by VPS Healthcare would follow other UK share sales by UAE-based medical firms. Abu Dhabi’s NMC Health Plc has risen just over 1,700 …
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UAE’s Central Bank downgrades 7 exchange houses for money-laundering violations
The Central Bank of the UAE downgraded the licences of seven exchange houses on Monday after the companies violated regulations such as anti-money laundering rules. The exchange houses are now banned from carrying out any transactions related to …
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Dubai Islamic Bank sees huge demand for capital raising plan
Dubai Islamic Bank, the largest Islamic bank in the UAE, has announced a successful closing to its capital raising programme. The issuance of 1.6 billion additional shares at price of AED3.11 per share was announced in April with the aim to boost the core …
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Seven UAE exchange houses have licenses downgraded
The UAE Central Bank has downgraded the license of seven exchange houses. The Central Bank said they had violated regulations, including anti-money laundering measures. Based on this decision, the exchange houses will be prohibited from any activities …
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UAE’s Central Bank downgrades 7 exchanges houses for money-laundering violations
The Central Bank of the UAE downgraded the licences of seven exchange houses on Monday after the companies violated regulations such as anti-money laundering rules. The exchange houses are now banned from carrying out any transactions related to …
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UAE Central Bank halts remittances at seven exchanges
The UAE’s Central Bank has downgraded the licences of seven exchange houses for violating regulation relating to anti-money laundering and other areas. The affected companies are prohibited from conducting any activities relating to remittances or …
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Business Analyst (Wholsesale Banking) – ADCB Abu Dhabi Commercial Bank – Dubai Jobs
To provide day to day transactional assistance and service to end users in the development, installation, delivery, maintenance, and issue resolution and provide support in the area of business applications that best meet end-user business processes and …
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UAE securities regulator examines Abraaj investor impact
UAE’s top securities regulator is working with the Dubai Financial Services Authority (DFSA) to ascertain whether local investors have been affected by the financial woes of private equity firm Abraaj, the watchdog said on Sunday. These are the first …
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UAE FTA urges registrants to ensure data confidentiality
The Federal Tax Authority (FTA) has not authorised any third-party entity to request personal or corporate financial or accounting data from businesses registered with the Authority for tax purposes. There have recently been several instances where …
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UAE markets see further improvement
Dubai: The Dubai Financial Market General Index (DFMGI) took off last week, advancing by 77.59 or 2.62 per cent to close at 3,041.72. That’s the biggest one-week move since the beginning of the year. There were 25 advancing issues and 11 declining …
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UAE regulator examines Abraaj investor impact
ABU DHABI, June 10 (Reuters) – United Arab Emirates’ top securities regulator is working with the Dubai Financial Services Authority (DFSA) to ascertain whether local investors have been affected by the financial woes of private equity firm Abraaj …
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Watch: New Dubai road opens
Dubai Mall and the Dubai International Financial Centre as the new road network between Shaikh Zayed Road and Al Khail Road opened. The Roads and Transport Authority (RTA) in Dubai on Friday opened the Phase II of the Parallel Roads Improvement Project at …
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Revealed: Top 10 banks in the UAE
This, along with diversification efforts, should provide a boost to the banking sector this year, meaning the forecast is for a marginal increase in returns. The UAE has seen among the biggest changes in the regional banking sector over the last year …
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Dubai’s Emirates NBD reveals Easyhub banking initiative
Emirates NBD has partnered with Diebold Nixdorf to launch Emirates NBD EasyHub, the region’s first integrated digital kiosk that will allow customers to sign up for new products and access a variety of teller services. The bank said it will function like …
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DMCC powers Islamic Bank of Afghanistan with Sharia-compliant Murabaha transaction capability
Dubai: DMCC has welcomed the Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and ownership of commodities stored in UAE-based storage facilities. The announcement …
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UAE free zone welcomes Afghan bank as new member
Dubai: The United Arab Emirates’ (UAE) biggest free zone Dubai Multi Commodities Center (DMCC) welcomed Islamic Bank of Afghanistan as its newest member, DMCC said on on Saturday. The bank, Afghanistan’s first Islamic bank, will use service facilities of …
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