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1 week ago | 
news.bloombergtax.com | Laura Cuesta |Zainab Fattah
An investment conglomerate owned by Dubai’s ruler plans to list a portfolio of residential property assets on the local bourse, seeking to capitalize on the emirate’s real estate boom. Dubai Holding is planning to bundle the portfolio as a real estate investment trust, according to a statement on Monday. The firm plans to offer about 12.5% of Dubai Residential REIT in the deal.
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1 week ago | 
bloomberg.com | Laura Cuesta |Zainab Fattah
(Bloomberg) -- An investment conglomerate owned by Dubai’s ruler plans to list a portfolio of residential property assets on the local bourse, seeking to capitalize on the emirate’s real estate boom. Dubai Holding is planning to bundle the portfolio as a real estate investment trust, according to a statement on Monday. The firm plans to offer about 12.5% of Dubai Residential REIT in the deal.
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2 weeks ago | 
bloomberg.com | Nicolas Parasie |Laura Cuesta
Travis Kalanick(Bloomberg) -- CloudKitchens, a startup run by former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, is exploring an initial public offering of its Middle East operations, according to people familiar with the matter. The ghost kitchen firm, backed by Saudi Arabia’s sovereign wealth fund, has hired Goldman Sachs Group Inc. to work on the deal, the people said, asking not to be identified as the information is private.
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2 weeks ago | 
rigzone.com | Laura Cuesta |Anthony Di Paola
Abu Dhabi National Oil Co. sold debt compliant with Islamic rules for the first time as the state producer works to diversify funding.
Adnoc raised $1.5 billion with its debut 10-year, Shariah-compliant notes at an annual profit rate of 4.75 percent, it said Monday. The firm had set the spread on the sukuk, as the securities are known, at 60 basis points over US Treasuries.
The company didn’t say what it will use for funds for.
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2 weeks ago | 
financialpost.com | Laura Cuesta |Anthony Di Paola
Advertisement 1Abu Dhabi National Oil Co. sold debt compliant with Islamic rules for the first time as the state producer works to diversify funding. Article content(Bloomberg) — Abu Dhabi National Oil Co. sold debt compliant with Islamic rules for the first time as the state producer works to diversify funding. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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2 weeks ago | 
bloomberg.com | Laura Cuesta |Srinivasan Sivabalan
The world trade centre and the skyline of Manama, Bahrain. (Bloomberg) -- Bahrain is preparing to tap international bond markets in a deal that could raise at least $1.5 billion, according to people familiar with the matter, as lower oil prices strain its finances.
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2 weeks ago | 
bloomberg.com | Laura Cuesta |Anthony Di Paola
Abu Dhabi National Oil Co. branding. (Bloomberg) -- Abu Dhabi National Oil Co. sold debt compliant with Islamic rules for the first time as the state producer works to diversify funding. Adnoc raised $1.5 billion with its debut 10-year, Shariah-compliant notes at an annual profit rate of 4.75%, it said Monday. The firm had set the spread on the sukuk, as the securities are known, at 60 basis points over US Treasuries. The company didn’t say what it will use for funds for.
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2 weeks ago | 
bloomberg.com | Laura Cuesta |Nicolas Parasie
Residential developments in Dubai. (Bloomberg) -- Two Dubai-based online property platforms are sounding out equity investors over the coming weeks, adding to a flurry of firms seeking to harness the city’s real estate boom. Dubizzle Ltd., which operates classifieds websites popular with expatriates, is set to meet investors ahead of a potential initial public offering, according to people familiar with the matter.
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2 weeks ago | 
news.bloombergtax.com | Nicolas Parasie |Laura Cuesta
Dressed in a white lab coat and taking notes on a laptop, the researcher takes another puff from his hookah. Concentrating deeply, he analyzes the smoke cloud’s aroma and structure like a sommelier would do with wine. Inside this R&D center for Advanced Inhalation Rituals, he and others are trying to breathe new life into a 500-year-old tradition that’s a favorite pastime in many Middle Eastern cafes: Smoking a waterpipe with flavored shisha tobacco.
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2 weeks ago | 
news.bloomberglaw.com | Nicolas Parasie |Laura Cuesta
Dressed in a white lab coat and taking notes on a laptop, the researcher takes another puff from his hookah. Concentrating deeply, he analyzes the smoke cloud’s aroma and structure like a sommelier would do with wine. Inside this R&D center for Advanced Inhalation Rituals, he and others are trying to breathe new life into a 500-year-old tradition that’s a favorite pastime in many Middle Eastern cafes: Smoking a waterpipe with flavored shisha tobacco.
