Category: FINANCE

The Middle East North Africa (MENA) region saw four initial public offerings (IPOs) raise total proceeds of $425.8 million during the first half of 2021, a 48 percent drop in proceeds when compared ... ( read original story ...)

Etihad leveragiing AI solutions from Microsoft to automate bank-reconciliations in its finance division. - Emergent Tech ... ( read original story ...)

Dubai: Emirates Development Bank (EDB), a key enabler of the country’s industrial transformation agenda, has launched the EDB Business Banking app in partnership with YAP, a UAE-based fintech. The ... ( read original story ...)

Globally traditional IPO performance has remained strong after riding a wave from Q1 2021, with 597 IPOs raising total proceeds of $111.6 billion. ( read original story ...)

DUBAI: The institutional side of solutions by stc’s initial public offering was oversubscribed by 13,003 percent, raising SR471.1 billion ($125.6 billion). A unit of the Saudi Telecoms Company, ... ( read original story ...)

UAE-based conglomerate Gargash Group has acquired financial services provider Deem Finance. The company, which has businesses in automotive, real estate and non-banking financial services sectors, ... ( read original story ...)

According to the EY MENA IPO Eye Q2 2021 report, the MENA region saw four IPOs raise total proceeds of US$425.8 million during the first half of 2021, a ... ( read original story ...)

Gargash Group, a UAE business conglomerate with an interest in automotive, real estate, and investments, on Sunday announced the acquisition of Deem Finance, a leading consumer finance business. ( read original story ...)

The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report ... ( read original story ...)

Investors could be offered around a 10 percent to 15 percent stake in Fertiglobe through the IPO, according to sources ... ( read original story ...)