Khartoum, Oct. 12 (SUNA)-Minister of Finance and Economic Planning Dr. Jibril Ibrahim has commended the strong relations linking Sudan and the United Arab Emirates (UAE) in all fields. This came when …
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Why the UAE’s finance, insurance advisors should be prepared for change
As the sector develops, and more financial advisory firms set up shop in the Dubai International Financial Centre (DIFC), there is a need for clarification on the rules, according to a leading industr …
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AS&H, Clifford Chance act as counsel to Acwa Power IPO
Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance has acted as issuer’s counsel to Acwa Power on its $1.2 billion landmark IPO and $10.9 billion listing on the Saudi …
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MOVES-M. Stanley banker who advised on Aramco IPO to join Saudi Fransi Capital-source
One of Morgan Stanley’s top dealmakers, who helped advise oil giant Saudi Aramco on its initial public offering (IPO), is leaving to join the investment banking arm of Banque Saudi Fransi. Motaz …
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Dubai: Bangladeshi worker with zero bank balance wins Dh1 million overnight in Mahzooz draw
It was a classic rags-to-riches story that unfolded on Saturday night at the live Mahzooz draw, when a crane operator in Dubai won a whopping Dh1 million by sheer stroke of luck. The 32-year-old …
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First Bangladeshi expat in Dubai wins Dh1 million Mahzooz draw
Khader, a crane operator in Dubai, matched five out of six winning numbers (2-17-40-41-42-45) and won a whopping Dh1 million to become Mahzooz’s first Bangladeshi millionaire and the 16th overall this …
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Crane operator from Dubai wins Dh1 million Mahzooz draw
Khader, a crane operator in Dubai, matched five out of six winning numbers (2-17-40-41-42-45) and won a whopping Dh1 million to become Mahzooz’s first Bangladeshi millionaire and the 16th overall this …
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How the UAE is becoming a sustainable finance centre
DIFC The Dubai Financial Services Authority is actively working to introduce a supervisory approach and regulatory framework for the development of sustainable finance within t …
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UAE Cabinet agrees $79bn budget for 2022-2026
The UAE Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the federal budget for 2022-2026 with a total expenditure of AED290 …
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Number of African companies registered with Dubai Chamber up 15.5% to 24,800
“We believe that Dubai holds the key to unlocking Africa’s economic potential, as one of the world’s fastest growing city economies that can offer valuable expertise in key sectors such as logistics, …
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Fertiglobe price range implies value of up to US$6bil
DUBAI: Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI, yesterday set the price range for its initial public offering (IPO), implying an equity valuation for …
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UAE closes multi-tranche sovereign bond package
The UAE Government, represented by the Ministry of Finance (MoF), has successfully closed its offering of a US dollar-denominated multi-tranche sovereign bond package, which comprised medium and …
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UAE Central Bank Begins Issuing Retail Payment Licenses
The Central Bank of the United Arab Emirates (CBUAE) has issued a new regulation to license retail payment services, part of its digital payments push.
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UAE central bank agrees fintech push with Abu Dhabi GM and DIFC
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
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Islamic Development Bank gets $1.7bln via sukuk
The spread was tightened from initial guidance on Tuesday of around 30 bps over mid-swaps after the sukuk drew more than $2.4bln in demand …
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Fertiglobe IPO covered on day one
UAE fertiliser company Fertiglobe its IPO books was covered hours after the price range was set. Fertiglobe plans to float 18.7% of the share capital at Dh2.45-2.65 per share. The offering consists …
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More UAE dollar bonds expected next year
The overwhelming investor demand for UAE Government’s debut bonds reaffirms the UAE’s strong credit rating, and its ability to overcome all crises, in particular, the repercussions of the Covid-19 …
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