A decade ago the most opulent conference of the season in Dubai was always the Hedge Funds World Middle East event, with – at its peak – almost a thousand high-rolling delegates to be feted and …
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Arabian Centres to raise up to $836 million in Saudi’s biggest IPO since 2014
DUBAI (Reuters) – Saudi Arabian mall operator Arabian Centres Co could raise up to $836 million at the top end of the price range for its initial public offering (IPO), the sale prospectus showed on …
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For rebounding Dubai IPO market, liquidity remains key
The Initial Public Offering (IPO) market in Dubai is likely to see a rebound this year after a long period of lull, and analysts say the ability of companies to attract liquidity in the primary …
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UAE participates in Arab financial institutions joint meetings
DUBAI, 25th April, 2019 (WAM) — A UAE delegation, headed by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated on Thursday in the joint annual meeting of Arab Financial …
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UAE participates in joint meeting of Arab financial institutions in Kuwait
Dubai: A UAE delegation, headed by H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated in the joint annual meeting of Arab Financial Institutions, and the meeting of the …
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UAE- DFSA takes action to protect the integrity of Islamic Finance
Dubai, UAE, 23 April 2019: The Dubai Financial Services Authority (DFSA) has imposed restrictions on David Barnett and Christopher Steer following an investigation into their conduct while working …
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Dubai Islamic Bank 1st Quarter 2019 Financial Results
Total income reaches AED 3.4 billion, up by 26% YoY. Net Profit increases to AED 1.3 billion, up by 12% YoY. Dubai, April 23, 2019: Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the …
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Sudan’s windfall from the Gulf and the perils of new development finance
Saudi Arabia and the United Arab Emirates announced on Sunday $3 billion of financial support in the form of $500 million in central bank deposits and a promised $2.5 billion in humanitarian support, …
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UAE Banks Federation announces new board
We have made great progress in our efforts to boost innovation and raise the profile of the UAE banking industry, and we are confident we will keep the momentum going as we move forward,” said …
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UAE Banks Federation holds Ordinary Annual General Assembly Meeting
UAE Banks Federation (UBF) held yesterday (April 22nd, 2019) its Ordinary Annual General Assembly Meeting, at the Head Office of Commercial Bank of Dubai. The meeting was chaired by H.E. AbdulAziz Al …
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Dubai Islamic Q1 net profit up 12pc to $369m
“Global market optimism is returning as reflected by the positive index performances as well as increasing trade volumes in the UAE financial markets since the start of the year,” he added. Dubai …
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Dubai Islamic Bank to Study Possible Acquisition of Noor Bank
(Bloomberg) — Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest … three weeks,’ it said in a statement to the stock market. The Middle East’s financial services industry is witnessing a …
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Three IPOs in the worksfor Dubai
Liquidity in Dubai’s main stock market has slumped in the past four years as a drop in oil prices hampered economies across the Gulf, reducing trading volumes and slowing share sales. The last IPO on …
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Emirates development bank holds workshop to accelerate growth of the UAE’s SME ecosystem
Dubai, United Arab Emirates – Emirates Development Bank (EDB) hosted a workshop in collaboration with the National Program for Small-to-Medium-Sized-Enterprises (SME), the executive arm of the SME …
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Bank with Liv. and win an island in unique campaign
Dubai: Liv., the digital-only lifestyle bank by Emirates NBD has announced an exciting new promotion, offering one lucky customer the chance to win his or her private island. Existing and new …
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The bank did not specify where the island would be located.
A UAE resident stands the chance to win his/her own private island for signing up with a digital-only lifestyle bank and earning loyalty points. Liv. by Emirates NBD will run the promotion will August …
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Heavy buying into Abu Dhabi bank stocks continues
Dubai: Banks such as First Abu Dhabi Bank (FAB), Union National Bank (UNB), Dubai Islamic Bank (DIB) witnessed non-stop buying, while the Abu Dhabi index hit its highest levels since 2006 on Monday.
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