This is despite the fact that 68 percent of investors said their hedge fund portfolio underperformed its target return in 2019. Zachary Cefaratti, CEO of Dubai-based fund platform Dalma Capital, said …
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Dubai’s Network International jumps in early trading after $1.4bn London IPO
Network International shares surged in London trading after the payments processor raised 1.1 billion pounds ($1.4 billion) in an initial public offering that’s the biggest listing in Europe so far …
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Dubai stocks see select accumulation as gains mount
The Dubai Financial Market (DFM) general index closed 0.21 per cent higher at 2,807.96, after gaining 7.4 per cent in the past 10 sessions. Emaar Properties shares witnessed late buying.
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UAE’s Finablr weighs London stock market IPO
Finablr, the UAE holding company for businesses including Travelex and UAE Exchange, is planning to sell shares on the London Stock Exchange as it seeks to fund its expansion and reduce debt. The …
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UAE’s Finablr mulls London IPO
ABU DHABI: UAE-based payments and foreign exchange company Finablr is considering a stock market flotation in London that could raise at least $200 million to finance expansion and cut debt. Finablr, …
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Updated: Two UAE firms’ IPOs set to drive M&A deals in Europe’s payment solutions industry – analyst
(Details of Network International’s IPO added to paragraphs 2 and 7). The potential listing of two United Arab Emirates payment firms on the London Stock Exchange could lead to them making …
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Finablr Aiming To Raise $200 Million In IPO
Finablr, a United Arab Emirates (UAE) payments company, is gearing up to launch an initial public offering in the U.K., aiming to raise at least $200 million. Finablr supports cross-border payments …
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UAE’s Finablr eyes London IPO that could raise at least $200 million
Dubai: United Arab Emirates-based payments and foreign exchange company Finablr is considering a stock market flotation in London that could raise at least $200 million to finance expansion and …
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Dubai payments firm stock surges in Europe’s biggest IPO of year
DUBAI: Network International stock jumped after the Dubai payments firm listed its shares in London in what is Europe’s biggest IPO of the year so far. The shares gained more than 16 percent in early …
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Dubai regulator sets up unit to assess digital and financial risk
Dubai’s financial regulator will establish a dedicated unit to study cyber risks facing the growing number of firms at the emirate’s financial free zone, its chief executive said. The Dubai Financial …
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UAE-Saudi pact on no double taxation takes effect
The UAE, represented by the Ministry of Finance, MoF, signed the agreement with Saudi Arabia on the avoidance of double taxation on income and capital and the prevention of tax evasion, at the Saudi …
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Double taxation agreement between UAE and Saudi Arabia comes into effect
The UAE, represented by the Ministry of Finance (MoF), signed an agreement with Saudi Arabia on the avoidance of double taxation on income and capital and the prevention of tax evasion, at the Saudi …
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Dubai’s “Quranic Park” draws on Islam’s holy text
DUBAI, April 9 (Reuters) – A new park that uses gardens and landscaping to tell stories from Islam’s sacred text has opened in Dubai, offering locals and tourists a day out with a religious twist. …
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Dubai International Financial Centre Builds Bridges between US, European and Middle East FinTechs with New Residency Programme
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, today launched a residency programme at LendIt FinTech …
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UAE’s Finablr set to launch London IPO on Tuesday: sources
ABU DHABI/DUBAI (Reuters) – United Arab Emirates-based payments and … The plan comes after its rival firm Network International’s IPO drew strong demand from investors in a potential deal that could …
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Video: Does Careem deal show Uber may be overvalued at IPO?
Uber may be ‘overvalued’ at its upcoming initial public offering (IPO), given the majority stock portion of its $3.1 billion acquisition of Dubai ride-hailing app Careem, according to a partner at …
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Now you can do banking through WhatsApp in UAE
UAE banks are continuing to set the bar when it comes to technology adoption in the region, with a new focus on offering customer services through social media apps. Dubai’s largest bank, Emirates NBD …
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