Wednesday 20 February 2019
 
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Clifford Chance names Mideast managing partner

Leading international law firm Clifford Chance has appointed Mo Al Shukairy as regional managing partner for the Middle East region, commencing a four-year term on May 1. Al Shukairy takes over from Robin Abraham who has been in the post since 2014, said the UK-based company whic

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Nasdaq Dubai lists Indonesia sukuks valued $2bn

Nasdaq Dubai welcomed the listing today (February 20) of two Sukuks by the government of Indonesia, one valued at $1.25 billion and the other at $750 million. Capital raised by the Sukuk is intended for projects including sustainable development initiatives.

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UAE insurers maintain earnings pace: AM Best

The insurance market of the UAE continued its earnings momentum in 2018 to post a second consecutive year of bumper profits, said US-based credit rating agency AM Best in a new report. AM Best’s analysis of the preliminary disclosures of the national insurers listed on the

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‘More firms turning to sukuk to raise funds’

A growing number of non-regional organisations are turning to Islamic finance, and in particular to sukuk instruments, to raise funds for their infrastructure and development projects, said a leading UAE-based investment banking expert. The comments from Zahid Aslam, managing dir

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GCC laying the groundwork for green finance: S&P

The oil-rich countries of the GCC are starting to go green, creating the space for a viable market for green finance, S&P Global Ratings said in a new report. The GCC, like the rest of the world, has committed to diversifying its economy away from fossil fuels, it added.

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P/E ratio of UAE stocks ‘most attractive in region’

The UAE stock markets have maintained their competitive edge in the Gulf and Middle East region, with their average Price Earnings Ratio (P/E Ratio) standing at 12.1 times over the past 12 months, a media report said. The most popular metric of stock analysis, the P/E Ratio is th

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Mastercard, mada to offer Apple Pay in Saudi Arabia

Mastercard, a leading technology company in the global payments industry has collaborated with mada, the national payment system of Saudi Arabia, on the rollout of Apple Pay in the kingdom. Security and privacy are at the core of Apple Pay. When you use a credit or debit card wit

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Nasdaq Dubai, Menacorp to raise investor awareness

Nasdaq Dubai, the region’s international exchange, and Menacorp, one of the UAE’s leading brokerages, will partner to raise investor awareness across Mena of the expanding capital markets opportunities in the UAE and the region. The campaign will include joint roadsho

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26 IPOs raise over $2.9bn during 2018 in Mena

In 2018, the Mena region raised $2.946.2 billion through 26 IPOs (initial public offerings), said the latest Mena IPO Eye report from EY, a global leader in assurance, tax, transaction and advisory services. Compared to 2017, IPO value saw a decrease year-on-year by 24.6 per cent

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Visa enables Apple Pay in Saudi Arabia

Visa, a world leader in digital payments, has enabled Apple Pay to its Saudi-based cardholders, which allows them to make easy, quick and secure purchases using their iPhone and Apple Watch in stores that accept contactless payments.  Visa cardholders can also make payments

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