Indices such as DFM General Index to be reset each quarter rather than every 6 months Dubai: The Dubai Financial Market (DFM) is bringing about changes in the way its main indices are structured, and …
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World’s financial leaders set to gather for the inaugural Abu Dhabi Finance Week 2022
ADFW will include ADGM’s popular Fintech Abu Dhabi Festival, with previous speakers including $95billion start-up founder John Collison, New York Stock Exchange Chairman Jeff Sprecher, global banking …
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UAE’s ADCB, shareholder exit Alexandria New Medical Center
In a separate statement, the medical company announced that shareholder Yasser Mohammed Ahmed Ali Barakat sold his 536,880 shares (3.44% stake) in Alexandria New Medical Center for EGP 26.30 million, …
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Dubai’s DGCX introduces new physical gold futures and spot gold contracts
These DGCX products provide traders and financial institutions the ability to use physical gold as collateral to access short-term lending …
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UAE: Gold prices inch up, but rate hike fears limit gains
Gold prices edged higher on Monday morning on a softer dollar, although central banks worldwide retained their aggressive monetary policies to tackle soari..
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Ease in pandemic restrictions: Dubai real estate set to pick up growth momentum
But this trend could change due to the rising cost of living, increasing mortgage rates, stronger US dollar, and anticipated new supply,” Tuaima told Khaleej Times. Latest data indicates that the …
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UAE: New service to let users pay bank-related judicial fees through mobile app
It will also allow residents to look for their own cases directly using the financial number of the case, thus providing an easy search mechanism …
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UAE’s Burjeel announces price range, subscription period for IPO
The price for the offering ranges between AED2.00 to AED2.45 per share, implying an equity value of $2.7 billion to $3.3 billion UAE’s Burjeel announces price range, subscription period for IPO Abu …
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Empower Plans Up to $700 Million Dubai IPO in November
It is set to be Dubai’s fourth privatization as part of the emirate’s plans to bolster its capital markets and its standing as a financial center. Details of the IPO such as size and timing are still …
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Mashreqbank leads Dubai index higher, Abu Dhabi falls
Dubai index closed higher on Friday, boosted by a 15% surge in lender Mashreqbank, while Abu Dhabi stocks slipped …
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UAE extends soft loan for power line, Z’bar housing
A power transmission line in Kagera Region and the construction of low cost housing for public employees in Zanzibar will be covered in a $420m soft loan (979.2bn/-) extended by the United Arab …
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UAE HH Shaikha Jawaher Khalifa Al Khalifa launches Green Aventurine Holding to support growth plans
The new company will help consolidate HH Shaikha Jawaher startups in the UAE, GCC, UK, Turkey, drive its future growth and solidify her mission and belief in empowering women. “Green Aventurine …
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Burjeel Holdings opens subscription period for IPO in UAE, announces price range
The opening of the subscription period for the offering commences on September 30 and will continue until Tuesday, October 4 …
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UAE: Burjeel Holdings sets IPO price range between Dh2 and Dh2.45 per share
Burjeel Holdings has announced that it will be offering approximately 550,729,221 shares, representing 11 per cent of issued share capital, in an Initial P..
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Burjeel Holdings Plc Announcement of Offer Price Range and Opening of Subscription Period for Initial Public Offering (IPO) In the UAE Only
Burjeel Holdings PLC (“Burjeel” or the “Company” and, together with its subsidiaries, the “Group”), is a leading MENA private healthcare services provid …
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UAE’s ADCB sells entire stake in Alexandria Medical to consortium
Last year, another consortium, TAT for Medical Services, had submitted the binding offer to acquire the bank’s stake through a MTO for up to 100% of Alexandria Medical Services’ shares at a total …
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UAE one of the quickest economies to reach its pre-pandemic levels: World Bank regional director
The UAE has consolidated its position as one of the quickest economies to reach its pre-pandemic levels among GCC peers, said Issam Abousleiman, Country Director of the GCC Countries, Middle East and …
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