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ADS sees GCC currency trading volumes upADS Securities, a leading Abu Dhabi-based forex and commodities trading platform, said it has seen a dramatic increase in the volume of GCC currencies traded within the region. The main currencies, including the Saudi Riyal, Qatari Riyal, More… |
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Gulf Capital to exit two more investmentsGulf Capital, an Abu Dhabi-based private equity firm, plans to exit two more investments in 2012 after selling its stake in Maritime Industrial Services to London-listed Lamprell Plc last month, said its chief executive. "We are looking at More… |
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Finance House to offer 20pc shares to foreignersAbu Dhabi-based Finance House on Wednesday said it has won regulatory approvals to open up 20 per cent of its paid up equity share capital to foreign ownership. Commenting on the move, Mohammed Wassim Khayata, Finance House Group chief ope More… |
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Waha Capital Q1 net drops 11pcWaha Capital posted a 10.9 per cent drop in first-quarter profit as a restructuring of its leasing business and a consolidation of investments in its aviation business in the fourth-quarter cut into profit. The Abu Dhabi-listed firm on Mon More… |
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National Takaful to raise $22.4m from IPOAbu Dhabi-based National Takaful Company (Watania) aims to raise Dh82.5 million ($22.46 million), representing 55 per cent of total share capital, through its initial public offering which opens tomorrow (April 18). A Sharia' More… |
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Insurance House plans June launchAbu Dhabi-based Insurance House, which had recently completed the first post-crisis initial public offering (IPO) in the UAE, plans to offer its insurance services by June. The company had netted a total of Dh120 million ($32.6 million) fr More… |
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Invest AD unit buying Egyptian stocksAbu Dhabi-owned Invest AD's asset management arm has been buying Egyptian stocks this week as the stock exchange reopened after 7 weeks and stock prices reached attractive levels, the firm's CIO said. 'We reduced our position i More… |
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Abu Dhabi firm set to launch landmark IPOAbu Dhabi-based Insurance House said it is all set to launch the first initial public offering (IPO) in the UAE in over two and a half years, on Sunday. The company, which aims to offer key services ranging from pe More… |
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ATIC integrated into MubadalaAdvanced Technology Investment Company (ATIC), a specialist investment company created by the government of Abu Dhabi to focus on investments in the advanced technology sector, has been integrated into Mubadala Development Company. Mubadal More… |
