the ETFs listed above provide a good mix of sectors and regions that may still perform if the UAE economy hits another bumpy patch. Arabian Gazette – Arabian Gazette is your window to insightful news, features and analysis on business, economy, finance …
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UAE entrepreneurs have the highest fear of failure rate for the MENA region
Our research shows that there is an urgent need to deploy the region’s substantial human, natural, and financial assets more efficiently … Saudi Arabia and the United Arab Emirates. Although Tunisia did not participate in the 2016 GEM research cycle …
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UAE central bank to set up a dedicated department to deal with cyber attacks
Abu Dhabi: UAE Central Bank is taking measures to mitigate risks arising out of cyber-attacks and is planning to set up a dedicated department to deal with the issue, its governor said in Abu Dhabi on Wednesday. “Cyber risks go hand in hand with …
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Dubai’s Noor Bank to move away from unsecured small business lending
Dubai-based lender Noor Bank is to move away from unsecured lending to small and medium-sized enterprises, its chief executive told Reuters, after a rise in bad debts within this sector. The shift is part of a turnaround plan chief executive John …
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Central Bank sees surge in gross credit, money supply
Gross credit and deposits in the UAE’s banking sector rose in October amid a surge in money supply, reflecting an upswing in economic activity. According to the latest monetary data provided by the UAE Central Bank on Tuesday, money supplies in two …
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Smart Dubai extends Paperless Finance project
Smart Dubai Office is set to extend its ‘Paperless Finance’ project to other Dubai government entities, to help them eliminate paper transactions from their financial processes. The Paperless Finance project, which is currently in use by Smart Dubai …
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Iran Banking Issues With China, UAE Resolved
A senior Iranian official announced that there are no significant banking issues with China and the UAE, as hurdles with Turkish Halkbank are being removed. “About two months ago, there were reports that bank accounts of Iranian petrochemical companies …
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National Bank of Fujairah Structures Shari’a-Compliant Financing Solution for Malabar Gold
We are happy to be part of the inaugural Shari’a-compliant gold financing transaction in the UAE, which will go a long way in supporting the precious metals sector by accessing the Shari’a compliant banking products that represent almost 20% of the UAE …
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UAE Banks Federation revamps its brand identity
Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity.
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Saudi crackdown almost derailed Emaar IPO; UAE offers now at risk
People have their pictures taken near an Emaar sign outside the Dubai Mall in the UAE. Advisers to Emaar Properties scrambled to complete a $1.3bn offering in its UAE development business after local investors reneged on hundreds of millions of dollars in …
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Nasdaq Dubai to add Emaar Development to futures market
… will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO). The listing is expected to take place on Wednesday. Investors will be able to trade …
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UAE oil firm ADNOC may offer 20 percent stake in fuel unit
If ADNOC raises as much as $2.8 billion, it would be the biggest initial public offering (IPO) in the United Arab Emirates since 2007 when DP World raised nearly $5 billion, according to Thomson Reuters data. Abu Dhabi is pushing its state companies to …
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Nasdaq Dubai to create futures on Emaar Development following IPO
Nasdaq Dubai will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO). The listing is expected to take place on November 22 nd. Investors will be …
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Qatar- Saudi crackdown almost derailed Emaar IPO UAE offers now at risk
(MENAFN – Gulf Times) A Dubai property developer managed to pull off the Middle East’s largest initial share offering this year, but only after it was almost derailed by the sweeping arrests in neighbouring Saudi Arabia, where authorities say they’re …
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Adnoc to sell up to 20% stake in fuel unit through IPO
The shares will be listed on December 13, it added. “The planned IPO [initial public offering] … will offer both UAE and international investors an unprecedented opportunity to invest alongside Adnoc in one of the region’s leading retail brands …
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MIDEAST STOCKS-Geopolitics weigh on markets, Abu Dhabi firm on ADNOC IPO plan
UAE’s Dana Gas rebounds after fall on London sukuk ruling * Dubai’s Emaar continues fall on unit’s IPO pricing * Abu Dhabi attracts interest with ADNOC unit’s IPO * Qatar National Bank falls 1.9 percent By Aziz El Yaakoubi DUBAI, Nov 20 (Reuters …
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Emaar Properties : Development’s IPO to attract large number of Saudi investors
Dubai – Mubasher: Emaar Properties on Monday said that the initial public offering (IPO) of its unit, Emaar Development attracted a large number of regional investors, especially Saudi investors. The qualified Saudi investment institutions represented a …
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