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Tag: ipo

Posted on 27/09/2020

UAE: Who benefits the most from low interest rate – borrowers or savers?

The Central Bank of the United Arab Emirates lowered its benchmark interest rate by 50 basis points to 1.50 per cent in March this year, but how has this impacted borrowers …
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Posted on 27/09/2020

UAE private bank deposits rise by $4.2mln in 3 months amid COVID-19 uncertainty

A record 15.6 billion UAE dirhams ($4.2 million) increase in cash landed the non-government deposit accounts of banks across the country over the last few months, according to the latest official data …
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Posted on 27/09/2020

The 11 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance

Thousands of leaked documents shared with journalists have shown how some of the world’s biggest banks for years facilitated the movement of dirty money.
( read original story …)


Posted on 27/09/2020

Sports and entertainment are holding back the surge of deglobalisation

The notion of a flat world in which goods and services move seamlessly faces daily assaults from potentially destructive conflicts. In the face of such gloom, it is heartening to see that sports and …
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Posted on 27/09/2020

UAE- DIFC FinTech Hive’s Accelerator Programme to Advance the Role of Women in Financial Services

A female-focused career mentorship accelerator programme to empower women in financial services • 14 young women starting their careers within financial services selected for the programme • Mentees …
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Posted on 26/09/2020

UAE national banks’ total assets reached Dhs2.8 trillion in July

The total value of national banks’ assets rose by around 0.7 per cent on a monthly basis in July to Dhs2.8 trillion, up from Dhs2.78 trillion by the end of June 2020.
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Posted on 26/09/2020

U.S. IPO Week Ahead: Palantir And Asana Direct-List In 9-IPO Week With Tech, Sports, And Avocados

Nine IPOs and two direct listings are scheduled to go public in the week ahead. The diverse group includes three foreign tech issuers, two biotechs, two US tech unicorns, a sporting goods retailer, an …
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Posted on 26/09/2020

DIFC FinTech Hive rolls out AccelerateHer programme to back women in finance sector

Dubai International Financial Centre’s FinTech Hive, the region’s first and largest financial technology accelerator, has begun the second edition of its career mentorship programme aimed at …
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Posted on 26/09/2020

UAE’s Jafza and Israeli Chambers of Commerce sign agreement to promote trade

The pact follows the normalisation of ties between the UAE and Israel that has led to a series of agreements being announced by companies in the two countries …
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Posted on 26/09/2020

US IPO Week Ahead: Palantir and Asana direct-list in 9 IPO week with tech, sports, and avocados

N ine IPOs and two direct listings are scheduled to go public in the week ahead. The diverse group includes three foreign tech issuers, two biotechs, two US tech unicorns, a sport …
( read original story …)


Posted on 25/09/2020

Yalla Group Seeks $149 Million U.S. IPO

Yalla Group Limited has filed proposed terms for a $149 million U.S. IPO. The firm operates a voice-centric social network focused on the MENA region. YALA has produced enviable financial results and …
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Posted on 25/09/2020

$2.5trln Islamic finance sector to rebound gradually

Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s social role …
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Posted on 25/09/2020

10 Most Profitable TV Shows in 2020

From the deadly bushfire in Australia which affected other countries to New Zealand where glaciers turned brown, floods in Dubai and Indonesia … never mentions this but he is one of the first hedge …
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Posted on 25/09/2020

20 Cities with the Most Skyscrapers in the World

Below we presented the list of 20 cities with the most skyscrapers in the world. Click to skip ahead and jump to the top 10 cities with the most …
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Posted on 25/09/2020

IPO Launch: Yalla Group Targets $149 Million U.S. IPO

Yalla Group Limited (YALA) intends to raise $149 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A shares, according to an F-1 registration statement. Dubai, …
( read original story …)


Posted on 24/09/2020

$2.5t Islamic finance sector to rebound gradually

Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s …
( read original story …)


Posted on 24/09/2020

Open for business: How UAE-Israel peace is driving deals at breakneck speed

The news, announced August 13, has led to a slew of deals in recent weeks, with the establishment of a business council and signing of finance, tourism, and other agreements. In what some are calling …
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