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Dubai ruler hails UAE's emergence as global business hub

Dubai ruler hails UAE's emergence as global business hub

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has hailed the UAE as a global hub for innovation, entrepreneurship and investment.

Sheikh Mohammed said significant efforts had been made by the UAE Federal Government, and other local departments, to create a "world-class business-friendly

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Dubai says to host top summit on disruptive technology

Dubai says to host top summit on disruptive technology

A summit on disruptive technology, ranging from machine learning to robotics, virtual reality and blockchain, will be held in Dubai next year.

Dubai Future Foundation has announced its partnership with Dr Peter H Diamandis, executive founder of Singularity University, to host the Abundance 360 (A360) summit on March 26-27.

Being held under the

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MENA IPOs raise $350m in Q3 this year

MENA IPOs raise $350m in Q3 this year

A total of four IPOs in the MENA region have raised $349.9 million during Q3 2018, according to the latest EY MENA IPO Eye report.

While IPO activity dropped 33.3% compared to the same period last year, partly due to fluctuating oil prices and headwinds in the economy, the value rose 21.9% year-on-year.

“It is positive to see that IPO value i

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Boursa Kuwait 'confident' of MSCI upgrade, says CEO

Boursa Kuwait 'confident' of MSCI upgrade, says CEO

Boursa Kuwait is “confident” that MSCI will upgrade it to emerging market status in 2019, according to CEO Khaled Abdulrazzaq Al Khaled.

Speaking to Bloomberg TV, Al Khaled said that Boursa Kuwait is “halfway there” with regards to a “very big overhaul” of Kuwait’s equities market, which have so far included changes to the settlement cycle, the int

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Abu Dhabi said to be in talks to create two banks in three-way merger

Abu Dhabi said to be in talks to create two banks in three-way merger

Abu Dhabi’s merger of three state-linked banks is set to create two new lenders, according to people with knowledge of the matter.

Under plans being discussed, Abu Dhabi Commercial Bank PJSC would acquire Union National Bank PJSC to form a conventional lender, the people said, asking not to be identified because the talks are private.

The Islamic

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