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Crypto exchange Kraken is set to launch in UAE as regional competition heats up

Crypto exchange Kraken is set to launch in UAE as regional competition heats up

[ad_1] Jack Guez | Afp | Getty ImagesABU DHABI, United Arab Emirates — U.S. cryptocurrency exchange Kraken is expanding into the Middle East and will open its regional headquarters in Abu Dhabi after receiving a full license to operate a regulated trading platform in the UAE."We're incredibly excited to be

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Shares of Dubai utility DEWA surge in Middle East’s largest IPO since Aramco

Shares of Dubai utility DEWA surge in Middle East’s largest IPO since Aramco

[ad_1] A general view of the downtown area in Dubai, United Arab Emirates, December 08, 2021.Satish Kumar | ReutersDUBAI, United Arab Emirates — Shares of DEWA, the Dubai Water and Electricity Authority, surged more than 20% as the giant utility company began trading on the public market Tuesday, marking the

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Dubai utilities giant DEWA to go public in April as IPO boom gets underway

Dubai utilities giant DEWA to go public in April as IPO boom gets underway

[ad_1] A picture taken on March 25, 2020 shows a skyline of skyscrapers in the Emirati city of Dubai.GIUSEPPE CACACE | AFP | Getty ImagesDUBAI, United Arab Emirates — Dubai's state water and power company DEWA will list on the Dubai Financial Market as soon as April, after announcing an

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UAE is placed on money laundering watchdog’s ‘gray list’

UAE is placed on money laundering watchdog’s ‘gray list’

[ad_1] Dubai, United Arab Emirates, on July 5, 2021.Christopher Pike | Bloomberg | Getty ImagesAn intergovernmental organization dedicated to combating money laundering and illicit cash flows on Friday placed the United Arab Emirates on its "gray list" over concerns that the Gulf country isn't sufficiently stemming illegal financial activities.The UAE

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UAE set to be put on money laundering watchdog’s ‘gray list,’ report says

UAE set to be put on money laundering watchdog’s ‘gray list,’ report says

[ad_1] The Gate Building (center left) in the Dubai International Financial Centre, United Arab Emirates, on July 5, 2021.Christopher Pike | Bloomberg | Getty ImagesDUBAI, United Arab Emirates — The Financial Action Task Force, an intergovernmental organization dedicated to combatting money laundering and illicit cash flows, is set to put

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Aditya Birla Group invests undisclosed sum in Zand in UAE

[ad_1] The Aditya Birla Group has invested an undisclosed amount in Zand, an upcoming digital bank in the United Arab Emirates (UAE). The USD 45-billion diversified conglomerate joins other investors like Franklin Templeton, Al Hail Holding LLC, Al Sayyah and Sons Investments LLC, Global Development Group, Mohamed Alabbar, Olivier Crespin,

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Ahead of its first SPAC approval, Dubai’s Shuaa Capital says it wants to launch more in ‘quick succession’

[ad_1] Dubai-listed investment bank Shuaa Capital is still in the final stages before its first blank-check company can be listed on the Nasdaq in the United States, but the bank is already eager to launch more special purpose acquisition companies (SPACs) in the near future."The intention is to raise the

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U.S. e-scooter startup Lime says it wants to invest in the Gulf states and is ready to go public

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailWayne Ting of the electric scooter company says it's looking to go public in 2022 and discusses its pilot in the United Arab Emirates, as well as its expansion plans in the region. [ad_2] Source link

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