Nicholas Jones, senior manager of banking & financial services recruitment at Robert Walters Dubai, shares his insight: Despite historically having been one of the most immune sectors to technological …
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Mideast Stocks: Banks lift Saudi, Dubai continues to rally on Emirates NBD deal
Saudi Arabia’s stock market marked its ninth session of gains on Thursday, led by banking shares, while Emirates NBD’s deal to buy Turkey’s Denizbank lifted Dubai’s main index. The Saudi index was up …
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First Abu Dhabi Bank, Abu Dhabi Islamic Bank deny merger talks
First Abu Dhabi Bank, the largest lender in the United Arab Emirates, in a bourse filing said it “strongly denies the report issued by Bloomberg on the potential merger”. “FAB currently has not …
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Dubai Lender May Save Up to $700 Million in Turkey Deal on Lira
(Bloomberg) — Dubai’s biggest bank may save as much as $700 million in a deal to buy Turkey’s Denizbank AS after the lira slumped and economic growth stalled since the agreement was announced …
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Dubai logistics firm Tristar seeks banks to advise on IPO
Dubai logistics firm Tristar has asked investment banks to pitch for advisory roles for its planned listing in London, two sources told Reuters. Tristar is seeking to raise $250m in a potential …
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Dubai logistics firm Tristar seeks banks to advise on IPO: sources
DUBAI (Reuters) – Dubai logistics firm Tristar has asked investment banks to pitch for advisory roles for its planned listing in London, two sources told Reuters. Tristar is seeking to raise $250 …
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Emirates NBD to Pay 14% Less For Turkey Bank After Lira Slide
Dubai’s biggest bank will save about $400 million in a deal to buy Turkey’s Denizbank AS after the lira slumped and economic growth stalled since the deal was announced 10 months ago. The United Arab …
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There’s Only One Sure Winner in This IPO Flurry
Meanwhile, Dubai-based Network International, itself a dominant player in the Middle East, is seeking about 580 million pounds ($757 million) in a London IPO that will allow its original founder, …
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Dubai, China lead market rally
and other key markets across Asia and Europe gained on Monday on the back of the UAE’s Network International IPO on London, Aramco’s strong profitability, soft Brexit expectations and stronger China …
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Ducab appoints new Chief Financial Officer
Dubai: Ducab, one of the UAE’s largest manufacturing businesses, has appointed Mr. Meshal Al-Naqbi to the position of Chief Financial Officer, taking responsibility for the management of the company’s …
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RFI, DIB to host Islamic finance forum at RFI Summit
The Responsible Finance & Investment Foundation (RFI) has partnered with Dubai Islamic Bank and UNHCR to organise a roundtable on April 28 about strategic philanthropy and Islamic finance as a part of …
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Kuwait inks financial aid agreement for Bahrain
DUBAI – Kuwait signed an agreement to support Bahrain’s economy as part of a series of fiscal reforms Bahrain has embarked on last year, Kuwait’s finance ministry said on Tuesday, formalising a …
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DIFC wins Dubai Quality Award for business excellence
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has received the Dubai Quality Award during the 25th …
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UAE’s ADFG to take over Shuaa Capital in reverse merger by mid-April
Last month, Dubai-listed Shuaa disclosed it had started talks on a possible merger with ADFG. With the potential merger, ADFG aims to become a regional financial powerhouse with interests in real …
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Kuwait signs financial aid agreement for Bahrain
Kuwait, along with Saudi Arabia and the United Arab Emirates, pledged $10bn in financial aid to Bahrain last year to rescue the country from a potential debt crisis. The ministers of finance of …
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Revealed: how Dubai’s Mashreq is adapting to a new era in banking
Dubai banking major Mashreq on Tuesday unveiled a reimagined branch format as part of its digital transformation strategy. In response to the evolving customer needs, Mashreq Bank said it will now …
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Mashreq unveils digitally enhanced branch in Dubai
Mashreq Bank, one of the leading financial institutions in the UAE, has unveiled a reimagined branch format which blends digital innovation with the services of a traditional branch to allow customers …
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