The Jeddah-based developer has real estate projects in several industries, including entertainment, medicine, and hospitality …
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UAE, UK announce ‘Partnership for the Future’, new era of bilateral ties
Nahyan, Crown Prince of Abu Dhabi, has made a historical visit to the British capital as the UK and UAE announce a new era in …
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British PM says UK, UAE will be at forefront of ‘industries of the future’
Boris Johnson hails role of both countries in tackling issues such as climate change after signing Partnership for the Future with the UAE …
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Dubai banking major Mashreq launches Shanghai office amid China push
Shanghai representative office will serve as a liaison office, with the primary objective of building Mashreq’s franchise in mainland China …
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UAE, UK agree ambitious ‘Partnership for the Future’
The leaders agreed to establish a new, ambitious Partnership for the Future that will strengthen the historic relations that the two countries share. The new partnership will build on this history, …
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‘UAE central bank working to replace interbank rates’
Because of scandals with Libor, you want to show a comparative rate,” said the same source. The UAE central bank, which administers EIBOR, did not respond to requests for comment. Libor contracts are …
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World Bank battles integrity issues, discontinues Doing Business reports
The World Bank Group announced on Thursday that it was discontinuing the ‘Doing Business report’ after data regularities were discovered in its Doing Business 2018 and 2020. In an investigation of …
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Saudi Telecom’s tech business prices IPO at top of range
Arabian Internet and Communications Services Co is set to raise 3.6 billion riyals ($960 million) in its initial public offering (IPO) after pricing the deal at the top of an indicative range, the …
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ADNOC Drilling’s IPO is one UAE success story waiting to happen
The oil behemoth, ADNOC Group, is seeking to raise about $750 million from its drilling unit’s IPO, in what would rank among one of the largest share sales in the UAE. The drilling unit is planing for …
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Abu Dhabi Catalyst Partners to be part of ‘sustainable finance’ ecosystem
Vortex Energy selects ADGM to bade new renewables investment platform Dubai: Abu Dhabi Catalyst Partners – an investment firm with Mubadala as shareholder – has partnered Vortex Energy to develop a …
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Prime Minister announces new green finance deal in the UAE
New £31 million clean growth loan from UK Export Finance to complete the construction of Bee’ah’s new green headquarters in Sharjah, UAE …
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UAE to Invest $14 Billion in UK Industries, Sovereign Wealth Fund Says
The United Arab Emirates plans to invest 10 billion pounds ($13.8 billion) in Britain over the next five years, building on the two country’s long-running business ties, an Abu Dhabi sovereign wealth …
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Ajman University and faculty bag Global Islamic Finance Awards
Ajman University and its professor and director of Center for Excellence in Islamic Finance (AU-CEIF), Dr Adnan Aziz have won the prestigious Global Islamic Finance Awards (GIFA) given out by the …
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UAE central bank working to replace interbank rates – sources
The UAE is looking at potential replacements for EIBOR and has started consultations with commercial banks in recent weeks, said three sources familiar with the matter …
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Exclusive: UAE Central Bank Working to Replace Interbank Rates – Sources
The UAE is looking at potential replacements for EIBOR – the Emirates Interbank Offered Rate which is used to price financial instruments in the Gulf’s top financial centre – and has started …
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Saudi Telecom tech unit prices IPO at top of price range
Arabian Internet and Communications Services Co is set to raise 3.6 billion riyals ($960 million) in its initial public offering after pricing the deal at the top of an indicative price range, the …
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How the UAE is laying the framework to support virtual asset adoption
Progressive regulatory frameworks are ensuring fairness, equal opportunity, and transparency in the UAE’s virtual assets sector …
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