DUBAI (Reuters) – The United Arab Emirates has signed an agreement with Yemen’s ministry of electricity to build a $100 million power plant in the southern Yemeni city of Aden, the UAE’s state-run …
( read original story …)
UAE signs deal to build $100 mln power plant in Yemen – UAE state news agency
DUBAI, June 12 (Reuters) – The United Arab Emirates has signed an agreement with Yemen’s ministry of electricity to build a $100 million power plant in the southern Yemeni city of Aden, the UAE’s …
( read original story …)
Abu Dhabi fund is said to take full ownership of prime Manhattan office tower
The deal would give the Abu Dhabi fund, already the building’s majority holder, full ownership. Vornado on Monday said it agreed to sell its interest in the property as part of a “buy/sell process …
( read original story …)
UAE firms consider digital know-how ‘essential’ to revenue growth – but some find it tough
Mr Dib added that enterprises also need to invest in improving in-house technology to ensure the long-term success of their business. The UAE public and private sectors are investing massively in …
( read original story …)
UAE Invests Over $2 Billion in AI
The UAE’s open culture around AI is another highly positive indicator of the health of the technology within the country. The UAE is the second highest regional investor in Artificial Intelligence (AI …
( read original story …)
Dubai offers long-term residence, retirement visas to lure wealthy Chinese to boost slumping property market
Dubai has set its sights on wealthy foreign investors, including the Chinese, by offering sweeteners such as long-term residence visas and retirement options, amid a slump in property prices. Dubai, …
( read original story …)
UAE small businesses must redo their accounting ways
Dubai: Small businesses are considered the economic backbone for most economies. They are drivers of growth as they help generate jobs for millions, contribute to the GDP gains, and have a powerful …
( read original story …)
Network International joins FTSE 250 Index after London IPO
UAE Exchange and Xpress Money. The company’s London IPO valued the company at $1.6bn and attracted institutional investors including BlackRock, Columbia Threadneedle Investments and Norges Bank. There …
( read original story …)
Egypt to launch second phase of state IPOs in September
Cairo – Mubasher: Egypt’s government will commence the second phase of the state’s initial public offering (IPO) programme in September as planned, the public enterprise minister told Enterprise. The …
( read original story …)
Mena records one IPO valued at $58.3mln in Q1: EY
“Economic reforms and market development initiatives are high on the agenda of regional governments, particularly in Saudi, Egypt and the UAE, which will pave the way for a buoyant Mena IPO market in …
( read original story …)
What next for the Uber, Beyond Meat and Luckin IPO deals?
The ethical treatment of animals is a cause core to my being so I became a cheerleader for Beyond Meat, though I know nobody in the UAE who was allocated shares in the $240 million IPO in early May. …
( read original story …)
Eyewear retailer Magrabi eyes global expansion
UAE-based eyewear retailer Magrabi plans to expand globally and … Magrabi also said that the company plans to launch an e-commerce website in 2020 and is still considering an IPO. This Ramadan, …
( read original story …)
Saudi Arabia records one IPO in Q1 in 2019
Economic reforms and market development initiatives are high on the agenda of regional governments, particularly in Saudi, Egypt and the UAE, which will pave the way for a buoyant MENA IPO market in …
( read original story …)
Uber’s second-in-command, chief marketing officer depart in post-IPO shake-up
“There’s never really a right time to announce departures or changes like this, but with the IPO behind us, I felt this was a good moment to simplify our org and set us up for the future,” …
( read original story …)
Uber’s $1.3 Billion Acquisition Of Careem Gets UAE Regulator’s Nod
The deal has now received approval from the UAE Ministry of Economy … in the first quarter of 2019 and has been under the spotlight for its less than stellar IPO. Compounding the San Francisco-based …
( read original story …)
Global funds favouring bond over equity markets in the Middle East
The last initial public offering in the United Arab Emirates was in 2017. Once debt-averse … Just as the debt market was opening up, an IPO drought settled over the region, and it shows no sign of …
( read original story …)
Dubai unveils new insolvency law
The Dubai International Financial Centre (DIFC) has introduced a new insolvency law, which will place the financial centre in line with best practices and at the forefront of complicated debt …
( read original story …)