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Dubai firms await market rebound before IPOMore than 20 companies in Dubai, which has not seen an initial public offering since 2009, would float their shares if market conditions improve, the chairman of Borse Dubai said on Tuesday. "We have over 20 companies who would be interest More… |
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LSE future in ME hands after TMX bid failureMiddle East investors Borse Dubai and the Qatar Investment Authority hold the key to the future of London Stock Exchange amid speculation it has become a takeover target after its aborted $3.5 billion bid for Canada's TMX Group. Borse More… |
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Borse Dubai backs bid for NYSE EuronextBorse Dubai, the largest shareholder in Nasdaq OMX, backed the exchange's unsolicited $11.3 billion bid for NYSE Euronext, its chairman said. Essa Kazim, when asked whether the Dubai-based holding company that has an approximately 29 p More… |
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Borse Dubai 'not asked to trim LSE stake'Borse Dubai has not been asked to reduce its stake in London Stock Exchange (LSE) to facilitate a merger between the LSE and the Toronto share market operator TMX, a source familiar with the matter said. Borse Dubai, which holds a 20.6 per More… |
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Borse Dubai may consider selling stake in LSEBorse Dubai may consider selling a part of its 20-percent stake in the London Stock Exchange (LSE) to facilitate a merger between the LSE and the Toronto exchange operator TMX, a newspaper reported on Tuesday. A senior Borse Dubai official More… |
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Borse Dubai not planning LSE stake saleBorse Dubai does not plan currently to sell its London Stock Exchange stake, a senior financial official said, denying a reported $1.5 billion Abu Dhabi offer for Dubai's financial assets. Ahmed Al Tayer, governor of Borse Dubai part-owner More… |
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DIFC governor denies $1.5bn Abu Dhabi offerAbu Dhabi has not made an offer to buy Dubai financial services assets, which includes the Dubai International Financial Centre (DIFC) for $1.5 billion, the DIFC governor was reported as saying. 'There are no offers fr More… |
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Nasdaq OMX in big Borse Dubai share buybackUS-based exchange operator Nasdaq OMX Group said it would repurchase 22.8 million of its shares, or about 11.5 per cent of the total outstanding, from Borse Dubai for $497 million. The buyback will be funded by a coinciding $370 million bo More… |
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UAE exchanges should consolidate: DFM chiefBourses within the United Arab Emirates should consolidate, the head of Dubai Financial Market said on Tuesday, adding DFM's planned takeover of Nasdaq Dubai will be completed within two weeks. "It is in the interest of everybody to consol More… |
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Nasdaq Dubai moves closer to DFM, alters hoursNasdaq Dubai, one of two bourses in Dubai, is changing its opening hours to those of sister exchange, the Dubai Financial Market, in its latest attempt to boost trading, it said on Monday. Nasdaq Dubai plans to reduce its trading hours to More… |
