The move comes after Dubai’s leading property firm announced it had obtained shareholder approval for the sale of up to 30 percent of the unit in a public offering in Dubai. Emaar Development is behind communities in Dubai including Emirates Living …
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Emaar plans to sell 20% of its property unit via IPO next month
The move comes after Dubai’s leading property firm announced it had obtained shareholder approval for the sale of up to 30 per cent of the unit in a public offering in Dubai. Emaar Development is behind communities in Dubai including Emirates Living …
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Dubai Financial Market : Emaar Development IPO scheduled for early November – CEO
Dubai – Mubasher:Emaar Proprieties CEO Mohamed Al Abbar is expecting that a 30% stake of Emaar Development will be offered to public subscription during the first half of next month. The date of the initial public offering (IPO) is subject to the …
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Emaar contributes another $16m to UAE talent fund
Emaar Properties has announced an additional contribution of AED62 million ($16.8 million) to Sandooq Al Watan, the philanthropic fund set up by Emirati entrepreneurs and the private sector to nurture UAE youth talents. One of the largest contributors to …
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Remit to India in under 60 secs: UAE bank reveals new app
The launch is one of the initiatives under Emirates Islamic’s digitalisation drive to address the growing needs of digital savvy customers in the UAE, it said in a statement. The redesigned Emirate Islamic mobile banking app includes over 25 new services …
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Now hiring: Hot sectors and in-demand jobs in UAE
… of value-added tax have brightened the outlook for new hiring in the UAE. The recruitment climate is believed to have plateaued while salaries of accounts and finance experts are projected to see the biggest increase, says a report. “There are some …
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Banks boost Saudi on Riyad earnings, Dubai’s DSI jumps
Riyadh Bank is one of first Saudi banks to report * Saudi Kayan climbs on Q3 earnings beat * Dubai’s Drake & Scull up more than a third this month * Abu Dhabi’s Dana Gas up after reassurance on Kurdistan * Egypt’s Alexandria Flour Mills leaps on dividend …
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UAE banking profit growth driven by non-ordinary factors
Let’s take a deep look at the Q3 financials reported by listed companies in the heart of the economy – the banking sector. I chose the heart as analogy because the heart keeps the blood in circulation which keeps the body alive, just as the banks keep …
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Dubai Bank Targets Antwerp Diamond Clients
It will enable the bank to service Antwerp-based companies with dollar-based lending in Dubai. NBF opened its diamond-focused branch in 2015 and Blommaert reported it had gained steady market share since, ranking behind ABN Amro as the second-largest …
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Mashreqbank psc : Mashreq Bank, Microsoft extend partnership to drive digital transformation
Microsoft has announced it will expand its partnership with Dubai-based Mashreq Bank to drive a bold digital transformation programme within the bank’s branches and digital services. Through the programme, which builds on Mashreq’s current digital …
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Mashreq Bank seeks to transform sales with Dynamics 365
This innovation will allow Mashreq to solidify its place as a market leader.” Now celebrating its 50th anniversary, Mashreq Bank is one of the UAE’s leading financial institutions. Its retail business spans the GCC region, including markets such as Egypt …
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Dubai’s GEMS Education hires four banks for $1.2 bln loan -sources
DUBAI, Oct 19 (Reuters) – GEMS Education … sources told Reuters earlier this month. HSBC, Emirates NBD, Mashreq Bank and Noor Bank are the underwriters of the seven-year loan, said the sources. The facility could be syndicated to a wider group of …
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MIDEAST STOCKS-Banks boost Saudi on Riyad earnings, Dubai’s DSI jumps
DUBAI, Oct 19 (Reuters) – Banks led the Saudi Arabian stock market higher on Thursday after Riyad Bank reported better-than-expected earnings for the third quarter, while builder Drake & Scull jumped in Dubai. Riyad Bank gained 6.2 percent after reporting …
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BRIEF-Commercial Bank of Dubai 9-month profit falls
* NINE-MONTH TOTAL REVENUE 1.99 BILLION DIRHAMS VERSUS 1.80 BILLION DIRHAMS YEAR AGO * AS OF END SEPT LOANS AND ADVANCES STAND AT 47.5 BILLION DIRHAMS, UP 14.9 PERCENT YEAR-ON-YEAR * AS OF END-SEPT 2017, CUSTOMER DEPOSITS STAND AT 47.5 BILLION DIRHAMS, UP …
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UAE Embassy In Washington, DC Joins The American Cancer Society To Celebrate The Launch Of The Cancer Atlas In Arabic
UAE to host first-ever “Relay For Life” in the Gulf in November to raise funds for cancer research WASHINGTON, Oct. 19, 2017 /PRNewswire/ — Today, the United Arab Emirates (UAE) Embassy in Washington, DC, in partnership with the American Cancer Society …
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Microsoft Expands Partnership with Mashreq Bank on Digital Transformation
Microsofttoday announced it will expand its partnership with Dubai based Mashreq Bank to drive a bold digital transformation programme within the bank’s branches and digital services. Through the programme, which builds on Mashreq’s market-leading …
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Emirates Islamic inks wasl home finance deal
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, said it has tied up with wasl Asset Management Group to offer attractive home finance facilities for its park-side freehold master development in the heart of Dubai.
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