The agreement offers financing for manufacturers, export and trade, loan guarantees, an overarching umbrella for startups, SMEs …
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Why Real Estate Investors Should Care About the Dole IPO
Companies that are headed to an initial public offering (IPO) in this day and age are often tech start-ups that are just a few years old. With the Dole IPO, you have not one but two companies that …
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Tatweer Misr, First Abu Dhabi Bank sign agreement to offer exclusive mortgage services
This partnership is in line with Tatweer Misr’s strategy to stimulate sales and facilitate the benefits of mortgage services, strengthening the overall purchasing power …
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Bank of Baroda celebrates 48 glorious years in the UAE
Bank of Baroda celebrated its 114th Foundation Day on July 20 and marked 48 years of glorious banking presence in the UAE …
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US Pension Plans Seek Discovery Pause In Tax Fraud Case
A group of U.S. pension plans asked a New York federal judge to stay expert discovery in a $2.1 billion fraud case brought by Denmark’s tax agency, urging for a pause ahead of upcoming developments in …
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Saudi Arabia’s Burgerizzr to begin IPO in August
Ruwaigh, says it is Saudi Arabia’s largest burger chain and has more than 80 outlets across the Kingdom. The company plans t …
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UAE schools teach financial wellness to students
Some schools in the UAE have started teaching their grades XI and XII students about financial wellness and management, a topic that is particularly relevant during the pandemic.The idea for the …
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ADB supports Dubai Islamic Bank Pakistan to expand trade finance in country
Trade and Supply Chain Finance Program (TSCFP) has signed an agreement with Dubai Islamic Bank Pakistan Limited (DIBPL) to support trade in Pakistan.
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Mena region to see more SPAC deals
SPAC is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of …
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UAE Central Bank maintains base rate at 15 basis points after no change from US Fed
Dubai: The UAE Central Bank has maintained the base rate on the overnight deposit facility (ODF) at 15 basis points. This decision was taken following the US Federal Reserve’s announcement on …
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Dubai ride-hailing unicorn to merge with all-women SPAC to list in the US
Swvl, a Dubai-based ride-hailing company, has announced its plan to go public in the US through a merger deal with a special purpose acquisition company (SPAC), Queen’s Gambit Growth Capital. The …
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How Dubai-based GymNation is set to disrupt the regional fitness industry
Before GymNation, I was involved in private equity in the UK and had previously invested in UK-based budget operator Xercise4Less. The idea for GymNation came about when I relocated to Dubai to work …
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UAE Central Bank maintains Base Rate at 15 basis points
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 15 basis points, effective from today. This decision was taken following …
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India beauty-focussed portal Nykaa seeks $4b valuation for IPO
Mumbai: India’s Nykaa is preparing to file for an initial public offering (IPO) that could value the startup at more than $4 billion. The country’s top e-commerce company for beauty, founded by …
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Dubai Islamic Bank improves profitability, total income up 5%
Second largest Islamic bank in the world has group assets in excess of $80bn and a market capitalisation of $9bn Dubai Islamic Bank has reported improved profitability with total income increasing by …
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Dubai to host international conference on public-private partnership in October
Dubai: Dubai’s Department of Finance (DOF) announced it will organise a conference on public-private partnership on October 10 and 11 under the umbrella of Expo 2020 Dubai. Titled ‘Dubai International …
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SWVL eyes IPO via SPAC
UAE-based mass transportation company SWVL, initially founded in Egypt, is reportedly planning to go public via a merger with a …
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