Saudi Arabia’s central bank on Sunday fined 16 banks, including a UAE bank and some of Kingdom’s largest banks, for violating its laws and asked all the lenders to correct the violations. The Saudi …
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UAE’s Aster DM Healthcare may launch London IPO within next 3 years after Brexit
Dubai-based Aster DM Healthcare is considering listing on the … 113 clinics and 219 pharmacies in nine countries and in February 2018 it launched an initial public offering (IPO) on the Bombay Stock …
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Emirates Islamic to offer UAE Nationals home finance solutions under Sheikh Zayed Housing Programme
Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced a partnership with the Sheikh Zayed Housing Programme. Enhancing its position as the preferred …
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ECI signs MoU with ADCB to support UAE businesses
Etihad Credit Insurance (ECI), the UAE Federal credit insurance company, has signed a memorandum of understanding (MoU) with Abu Dhabi Commercial Bank (ADCB), one of the UAE’s leading full-service …
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Online scam: Filipina expat in Dubai in a soup after falling victim to bank scammers
Dubai Police emphasised that all scam messages contain suspicious links, and warned residents not to open links from unknown sources. Image Credit: Al Ameen Service A Filipina expat has fallen …
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Daybreak: Sanchez Reelected. Missing Volatility. (Podcast)
In today’s Dubai Daybreak podcast, we cover the biggest stories that happened over the weekend. Pedro Sanchez looks set to return as Spain’s prime minister. Hedge funds expect low volatility to …
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UAE says it will show restraint after tanker attacks, Iran’s behavior a concern
DUBAI (Reuters) – The United Arab Emirates will show restraint after attacks on oil tankers off its coast and is committed to de-escalation during a “difficult situation” caused by Iranian …
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UAE to investigate listed firm over inflated acquisition value
The capital markets regulator, which supervises and monitors UAE capital markets Abu Dhabi Securities Exchange and Dubai Financial Market, did not identify the company. The UAE’s Securities and …
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Pakistani rupee plunges to record low versus UAE dirham, US dollar: Time to send money?
Dubai: Pakistani expatriates in the UAE are … According to Vijay Valecha of Century Financial the rupee’s decline has been trigged by concerns about the strict conditions of the IMF bailout …
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New system to boost UAE finance sectors’s integrity
The new system “will not affect the customers of banks since it is not applicable to them”, the central bank said. The Central Bank of the UAE has developed a Persona Non Grata (UAEPNG) System in …
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Finablr cuts IPO value amid weak investor demand, volatile markets
Finablr’s share sale opened on May 1 and came in the wake of Dubai-based Network International Holdings Plc’s successful London listing, the largest IPO on the exchange so far this year. Finablr, Abu …
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Dubai Financial Market : Majority of Marka shareholders vote to liquidate the company
Dubai: Following years of turmoil, the shareholders of embattled retailer Marka voted on Wednesday morning to liquidate the business, after a last ditch attempt at turning the company’s finances …
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UAE’s Finablr cuts IPO price in volatile markets
In the UAE, where the company is based, both stock markets in Abu Dhabi and Dubai suffered their biggest single-day declines … The full deal size of 192.5 million pounds for the initial public …
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BitOasis Secures Preliminary Approval With UAE Financial Regulator
United Arab Emirates-based cryptocurrency exchange BitOasis has reportedly secured preliminary approval with financial regulators, Bloomberg reported on May 13. Founded in 2015, BitOasis claims to …
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Saudi oil tankers among those attacked off UAE amid Iran tensions
DUBAI/LONDON (Reuters) – Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and described it as an attempt to undermine the …
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Report: UAE’s Finablr extends IPO closing by a day to May 14
In the UAE, where the company is based, both stock markets in Abu Dhabi and Dubai suffered their biggest … of the sources told Reuters. Finablr’s IPO plans were confirmed last month following …
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UAE’s Finablr extends IPO closing by a day to May 14: sources
ABU DHABI/LONDON (Reuters) – United Arab Emirates-based payments and foreign exchange company Finablr has extended the closing of books for its initial public offering (IPO) to May 14 due to volatile …
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