He said the IPO brought world-class investors into Abu Dhabi … international investors have been hugely excited about developing a position in the United Arab Emirates (UAE), they see the good growth fundamentals here, it’s a great place to invest …
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ADNOC Distribution Jumps 16% At Market Debut In UAE
ADNOC Distribution, the fuel retail unit of the UAE’s state oil firm ADNOC, made a strong debut on the Abu Dhabi Securities Exchange on Wednesday, opening 16 percent higher than the price set in the initial public offering (IPO). Shares in ADNOC …
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UAE oil giant must build regional ‘credibility’ ahead of Saudi Aramco IPO next year
A United Arab Emirates state-owned oil giant made a positive stock market debut Wednesday, a listing likely to resonate through the Middle East as several other companies prepare to go public. The Abu Dhabi National Oil Company (ADNOC) listed a stake in …
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Saudi Arabia drives MENA IPO activity in Q3 2017: EY
UAE. The Middle East and North Africa (MENA) region witnessed five IPO deals in the third quarter of 2017, representing a 400% increase when compared to the single IPO recorded in Q3 2016. Announced MENA value, or capital raised, reached US$ 236.7 million …
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ADNOC Distribution IPO Valuation Could Be Lesson For Aramco
The Abu Dhabi National Oil Company (ADNOC) has set an IPO offer price for its fuel distribution unit at US$ 8.5 billion, well below the up-to-US$14 billion valuation the UAE’s state oil firm was targeting six months ago. The difference between the …
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ADNOC successfully completes the IPO of ADNOC Distribution as trading commences on the Abu Dhabi Securities Exchange
… IPO in Abu Dhabi in over 10 years with substantial demand from both institutional and retail investors IPO spurred demand and interest from UAE retail investors – oversubscribed 22 times on the retail tranche, prompting ADNOC to double the size of the …
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Nasdaq Dubai Launches Futures In ADNOC Distribution, Emaar Malls
IPO, that raised AED3.1 billion. Emaar Malls listed on Dubai Financial Market, DFM, in October, 2014 after raising AED5.8 billion in its IPO. The addition of the two companies is the latest expansion of Nasdaq Dubai’s derivatives market, which will …
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Nile Property Expo 2017 Showcases Egypt’s Real Estate Prowess
UAE- based Egyptians thronged to the Nile Property Expo – Abu Dhabi 2017 being held at the Abu Dhabi National Exhibition Centre (ADNEC), to peruse through attractive and valued investment opportunities from more than 15 exhibitors, on the first day of …
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Abu Dhabi Fund For Development Allocates AED10.5 Billion To Finance 26 Strategic Projects In Bahrain
A technical delegation from Abu Dhabi Fund for Development (ADFD) visited the Kingdom of Bahrain to review the progress of the development projects financed by the Fund in the country. The projects are being implemented as part of the AED9.19 billion (US$2 …
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ISNR Abu Dhabi 2018 To Examine Role Of Artificial Intelligence In Homeland Security In Line With UAE Leadership’s Vision
In line with the UAE Strategy for Artificial Intelligence, ISNR Abu Dhabi 2018, jointly organised by the Ministry of Interior and Reed Exhibitions, is set to host keynote addresses from influential government and private sector experts, hold topical …
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Dubai’s traffic travails: in-depth look
Now, with Dubai gearing up for Expo2020, we can only expect a higher growth in traffic. Abu Hail: Traffic converges from Abu Hail, Salahuddin road south and service road from Al Khabaisi. (Photo: Atiq ur Rehman/Gulf News) Al Maktoum Bridge: Part of the …
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Taking off: The 2017 Dubai Airshow
Dubai to Sydney and Dubai to Hong Kong with flight duration around 2.6 times shorter than conventional aircraft. Tickets will cost about the same price as conventional business class at $4,000-$5,000, he said, and the CEO claimed new turbofan technology …
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UAE MoF partners with FinovateMiddleEast to drive innovation in fintech
The strategic partnership with FinovateMiddleEast was announced by HE Younis Al Khouri, Undersecretary of the Ministry of Finance, UAE at an announcement event held at the Conrad Hotel Dubai on 12 December with senior government officials, heads of …
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Abu Dhabi’s oil company ADNOC’s market debut
Shares of the fuel distribution unit of Abu Dhabi National Oil Co made a strong stock market debut this week, raising $851 million through the sale of a 10 percent stake in its distribution unit. As Nawied Jabarkhyl reports, it’s a listing that’ll be …
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Viral property video ad debunks the stereotypical Dubai dream
“You won’t find any ostentation displays of wealth. So, if you like your bathrooms blinged out with gold taps, you’ll be out of luck,” says a British man dressed in a grey blazer, as he sits in a bathtub fitted with a stainless-steel faucet.
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Keralite youth on visit visa found dead in Sharjah
Sharjah: A Kerala youth, who was in Sharjah on a visit visa, has been found dead near his residence. The youth has been identified as Unnikrishnan, 33, son of Kaladi Ambattuveettil AK Sugathan from Ernakulam. Unnikrishnan came to Sharjah along with his …
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For money launderers, it’s no longer Dubai duty free
The new tax regime in UAE comes at a point when Indian authorities are asking companies to spell out details of foreign direct investors. MUMBAI: From January 1, Dubai will lose some of its charm for money launderers with the United Arab Emirates (UAE …
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