UAE horse Motakhayyel became the first winner of this year’s renewal of the prestigious Royal Ascot horse racing festival, by clinching the Buckingham Palace Handicap on Tuesday. The four-year-old …
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UAE confident that OPEC+ laggards will meet oil cut commitments
The energy minister of the United Arab Emirates said on Monday he was confident OPEC+ countries with poor compliance to agreed cuts would meet their commitments and said there were signs that oil …
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Italy’s GVS IPO price guidance revised per share from initial IPO
Italian filter maker GVS is expected to price its initial public offering (IPO) in the upper half of the range …
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What should investors look for in a New Fund Offer (NFO)?
When an investment firm (asset manager) plans to launch a new fund, it offers the public a chance to be the first to take part in the cash pool by investing in what is termed as a ‘new fund offer’, or …
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UAE’s Invest Bank reports $601.7 mln accumulated losses at end-2019
DUBAI, June 15 (Reuters) – Sharjah-based Invest Bank’s accumulated losses stood at 2.21 billion dirhams ($601.72 million) at the end of 2019, 70% of its capital, the bank said in a bourse filing. In …
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Sharjah Islamic Bank hires banks for dollar sukuk, document shows
Sharjah Islamic Bank has hired a group of banks to arrange a global investor call ahead of a potential issuance of five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on …
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Saudi Arabian property firm Amlak plans first post-coronavirus Riyadh IPO
Saudi Arabian real estate financing firm Amlak International said on Sunday it will float 30 percent of its shares in Riyadh, in what will be the exchange’s first initial public offering (IPO) since …
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Saudi Arabia’s Bindawood Holding to launch IPO as early as this month-sources
Bindawood’s IPO would follow another public share sale by mortgage lender Amlak International for Real Estate Finance …
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Saudi property firm Amlak plans first post-coronavirus Riyadh IPO
Saudi Arabian real estate financing firm Amlak International said on Sunday it will float 30% of its shares in Riyadh, in what will be the exchange’s first initial public offering (IPO) since the …
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Amlak International announces intention to list on Saudi stock exchange
The announcement of our intention to list on Tadawul is a historic moment for the company, with the forthcoming IPO a testament to our commitment to future growth. Amlak International plays a leading …
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Dubai Economy, Commercial Bank of Dubai to provide exclusive banking services for DED Trader licence holders
DUBAI – The Business Registration and Licencing (BRL) sector of Dubai Economy and Commercial Bank of Dubai (CBD) have joined hands to provide exclusive banking services for DED Trader licence holders.
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Ministry of Finance launches first phase of Accrual Accounting Programme
The transition to accrual accounting represents a critical step that increases the efficiency of the federal budget and improves public financial management in the country. The fi …
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Pinsent Masons grows its Financial Services offering in Dubai; appointment of Banking & Finance partner
Multinational law firm, Pinsent Masons, has appointed Banking & Finance partner Matthew Escritt to lead the firm’s Banking & Finance practice in the Middle East, based in Dubai. Matthew joins from …
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Amlak International plans Saudi Tadawul listing, IPO
Saudi Arabia’s leading non-bank real estate finance company, Amlak International for Real Estate Finance, is planning to launch an IPO on the Saudi Stock Exchange (Tadawul). Amlak International …
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Pinsent Masons grows its Financial Services offering in Dubai with the appointment of Banking & Finance partner Matthew Escritt
Matthew is a banking and finance specialist, advising on all areas of structured cross border finance, including syndicated lending acquisition, development finance, asset finance, vendor finance, and …
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Dubai Stocks Lead Gulf Losses as Banks Face Pressure: Inside EM
Dubai equities lead Gulf losses as investors remain cautious about the pace of economic recovery, while volatility jumps in global markets.
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UAE energy sector is ripe for ‘green’ funds
Despite the unwavering advantages found in financing renewable energy efforts, a majority of financial institutions in the UAE are hesitant to participate on account of numerous v …
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