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Dubai's Abraaj said to hire Citigroup for North Africa hospitals IPO

Dubai's Abraaj said to hire Citigroup for North Africa hospitals IPO

Dubai-based Abraaj Group, a buyout firm focused on emerging markets, hired Citigroup and EFG-Hermes to manage an initial public offering or sale of its North African hospitals business, according to people familiar with the matter.

The private equity firm plans to list the business or find a buyer during the first half of the year, the people

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UAE set to be removed from EU blacklist of tax havens

UAE set to be removed from EU blacklist of tax havens

The European Union will probably remove the UAE and South Korea from a blacklist of tax havens later this month.

Following “new commitment letters signed at high political level,” the EU’s Code of Conduct working group on business taxation recommended to move the two countries, as well as Barbados, Grenada, Macau, Mongolia, Panama and Tunisia, from

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Abu Dhabi reveals world's largest water reserve project

Abu Dhabi reveals world's largest water reserve project

Abu Dhabi on Monday unveiled the world’s largest reserve of high quality desalinated water, secured in a network of 315 recovery wells lying up to 80 metres below the Liwa Desert.

The wells are fed by one of the UAE's longest water pipeline networks which runs the water from Shuweihat desalination plant at a rate of 7 million imperial gallons per

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Saudi expat workers to bear brunt of rising prices

Saudi expat workers to bear brunt of rising prices

The impact of VAT and fuel price rises in Saudi Arabia will be felt most strongly by expatriate workers, according to a new report by Capital Economics.

While Saudi citizens will be compensated with increased salaries and, for civil servants and military servicemen, one-off bonuses, there are no such mitigating measures for non-nationals.

Indeed,

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Dubai's ENOC said to hold talks over IPO of retail unit

Dubai's ENOC said to hold talks over IPO of retail unit

Emirates National Oil Co, the state-owned oil refiner in Dubai, has held discussions with banking advisers for a potential initial public offering of its fuel-retailing unit, on the heels of a similar move in Abu Dhabi, according to people familiar with the matter.

The retail arm of ENOC, as the company is known, could be valued at more than $7

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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