The IPO of Adnoc Drilling is expected to be one of the largest flotations in the Middle East this year Abu Dhabi National Oil Co (Adnoc) will list its drilling business on the Abu Dhabi Securities …
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Oil giant ADNOC to sell minimum 7.5% stake in drilling unit’s IPO
ADNOC Drilling on Monday announced its intention to list on the Abu Dhabi bourse, which would see its parent company Abu Dhabi National Oil Co (ADNOC) sell a minimum 7.5% stake in an initial public …
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ADNOC to sell minimum 7.5% stake in ADNOC Drilling IPO
ADNOC Drilling on Monday announced its intention to list on the Abu Dhabi bourse, which would see its parent company Abu Dhabi National Oil Co (ADNOC) sell a minimum 7.5% stake in an initial public …
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ThinkMarkets Launches Institutional Business with Liquidity.net
After celebrating a decade in the market as a retail brokerage, ThinkMarkets has now introduced Liquidity.net, a foray into multi-asset liquidity provision aimed at servicing institutional and …
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Saudi Telecom’s tech unit aims to raise up to $960mln in IPO
DUBAI – Arabian Internet and Communications Services Co, a unit of Saudi Telecom, has set an indicative price range for its initial public offering, aiming to raise as much as 3.6 billion riyals ($960 …
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UAE announces plan to stimulate its economy, liberalize laws
The United Arab Emirates announced on Sunday a major plan to stimulate its economy and liberalize stringent residency rules for foreigners, as the …
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UAE to Grow Asia, Africa Trade, Seek $150 Billion Investment
The United Arab Emirates plans to deepen its trade ties in fast-growing economies in Asia and Africa, and draw $150 billion in foreign investment from mainly older partners to reposition itself as a …
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UAE: Now, no need to submit documents to open a bank account
Al Maryah Community Bank, the UAE’s first fully digital bank, has integrated its mobile app with the UAE Pass.
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Middle East Newsletter Sept. 5: More Time to Trade in UAE
Investors will soon get an extra hour to trade in the United Arab Emirates. The Abu Dhabi Securities Exchange and the Dubai Financial Market both plan to extend trading hours as of Oct. 3 and scrap …
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UAE ‘hopes’ to exceed 4% growth in 2021, economy minister says
The United Arab Emirates is hoping to exceed 4 percent growth in 2021, the country’s economy minister said, a higher rate of growth than previously forecast. The central bank had forecast 2.5 percent …
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UAE rolls out plan to invest in economy, liberalize laws
The country’s finance minister on Sunday pledged that the government would pour some $13.6 billion into the economy over the next year. Other UAE ministries introduced various government overhauls.
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UAE announces plans to invest billions in economy, liberalize residency for expats
The United Arab Emirates has announced a major plan to stimulate its economy and liberalize residency for expatriates, as the country seeks to overhaul its …
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UAE to Grow Trade Ties in Asia and Africa
The United Arab Emirates will work on economic partnerships with eight countries to enhance trade as it repositions itself as a global hub for business. The Gulf state will expand economic ties with …
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Al Maryah Community Bank integrates application with Telecommunications and Digital Government Regulatory Authority
In co-operation with the Telecommunications and Digital Government Regulatory Authority (TDRA), for the first time in the UAE, Al Maryah Bank has integrated its mobile app to introduce UAEPass banking …
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Mubadala-backed EGA taps banks for IPO at $15bn value
The company has smelters in Abu Dhabi and Dubai and a bauxite mine in Guinea … Mubadala raised $731m in a July IPO of satellite operator Yahsat, in what was Abu Dhabi’s second-largest listing. Abu …
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United Arab Emirates Accepts Appointment of First St Kitts and Nevis Ambassador Justin Kareem Hawley
LONDON, Sept. 5, 2021 /PRNewswire/ — Justin Kareem Hawley was recently appointed as the first Ambassador of St Kitts and Nevis to the UAE. In a meeting that took place between Hawley and the UAE …
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Digital Banking for Young Clients to be Offered by Abu Dhabi Islamic Bank or ADIB
Abu Dhabi Islamic Bank (ADIB), an Islamic financial institution, reveals that it has introduced “Amwali,” which is an Islamic digital proposition meant for youth between the ages of 8 to 18. Amwali is …
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