The Dubai Financial Market general index fell more than 1 per cent and slipped below the 50-day moving average of 2,704. The index closed 1.48 per cent lower at 2,672.61. Bellwether stocks such as …
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UAE- Registering Emirati government, private sector employees mandatory: GPSSA
The GPSSA official explained that UAE nationals aged between 18 and 60 … on the employer only as the insured does not bear any financial obligation in this case,” she continued, adding that …
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Saudi sovereign fund invests indirectly in Arabian Centers IPO: sources
DUBAI (Reuters) – Saudi Arabia’s Public Investment Fund (PIF … although the investment represents strong government support for the IPO, a second source told Reuters. The IPO of Arabian Centers, …
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Saudi sovereign fund invests indirectly in Arabian Centres IPO -sources
DUBAI, May 10 (Reuters) – Saudi Arabia’s Public Investment Fund … although the investment represents strong government support for the IPO, a second source told Reuters. The IPO of Arabian Centres, …
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The Uber IPO is absurdly overvalued on NASDAQ
as the Facebook IPO did in the summer of 2012. So get real. Get smart. Get short! Dubai property prices will not bottom in 2019 or 2020 The latest bear market in Dubai real estate is now five years …
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Arabian Centers to raise $747m in IPO
DUBAI: Saudi mall operator Arabian Centers is set to raise as much as SR2.8 billion ($747 million) after pricing its initial public offering (IPO) at the bottom of its indicative range, according to a …
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Saudi Arabia’s Arabian Centres IPO priced at lower end of range-sources
DUBAI – Saudi Arabian mall operator Arabian Centres has priced its initial public offering at the lower end of an indicative price range, which means the deal would raise 2.47 billion riyals ($659 …
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Arabian Centres to raise $747 million after pricing IPO at bottom of range
DUBAI (Reuters) – Saudi mall operator Arabian Centres is set to raise as much as 2.8 billion riyals ($747 million) after pricing its initial public offering (IPO) at the bottom of its indicative range …
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Arabian Centres IPO priced at lower end, books covered: sources
DUBAI (Reuters) – Mall operator Arabian Centres has priced its initial public offering at the lower end of an indicative price range and is set to raise 2.47 billion riyals ($659 million), two sources …
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Arabian Centers IPO priced at lower end, books covered: sources
DUBAI (Reuters) – Mall operator Arabian Centers has priced its initial public offering at the lower end of an indicative price range and is set to raise 2.47 billion riyals ($659 million), two sources …
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UAE Food Bank opens branches in Ajman, RAK
The UAE Food Bank said that the number of operational sites of the Food Bank has become five after the opening of branches in Ras Al Khaimah and Ajman. “We are striving to achieve the vision of Sheikh …
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Dubai Launches Business-To-Gov’t Digital Wallet
Reports on Monday (May 6) said Dubai’s Department of Finance (DOF) has collaborated with Smart Dubai and emaratech to launch a digital wallet that facilitates digital payments to the government. …
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UAE Food Bank opens more branches, reveals Ramadan plan
The UAE Food Bank is one of the Mohammed bin Rashid Al Maktoum Global Initiatives and was launched in 2017 under the leadership of Sheikha Hind bint Maktoum bin Juma Al Maktoum. The UAE Food Bank has …
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UAE investment banks Arqaam and TNI said to weigh merger
Arqaam was set up by former Barclays Capital banker Riad Meliti in 2007 to focus on investment banking in emerging markets. The company has offices in in Dubai, Cairo as well as Johannesburg, and its …
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Dubai launches digital wallet ‘Noqodi’ for government payments
The digital wallet is listed in a number of national banks and financial institutions, allowing customers to feed it with credit from their bank accounts. The Dubai’s Department of Finance (DOF), in …
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UAE credit growth expected to pick up in second quarter
The UAE Central Bank located on the Baynoonah street in Abu Dhabi. Image Credit: Gulf News archives Dubai: Credit growth in the UAE is expected to pick up momentum in the second quarter of this …
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Success stories: How three UAE expats tackled debts, loans and credit cards
Yes, say three UAE expats. Here’s a look at how they found themselves in huge debts, but successfully rose back to financial stability. ‘I bought many things that I didn’t really need…’
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