(MENAFN – Khaleej Times) Emaar Properties, the Dubai-based developer instrumental in setting off a free hold property boom, said on Sunday it would sell 20 per cent of its real-estate development business in an initial public offering. The move comes after …
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Emaar to offer 20% in development unit via IPO
Dubai: Emaar Properties said on Sunday it plans to offer 20 per cent of its development unit in an Initial Public Offering, an amount lower than estimated by many. Investors had been expecting the company to float up to 30 per cent of the company.
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UAE Central Bank warns against Bitcoin
The UAE Central Bank has warned against Bitcoin, terming it as unofficial and lacking sufficient supervision. The warning was made by it can be easily used in money laundering and in funding terror activities, Governor of the UAE Central Bank, on the …
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Dubai Islamic Bank’s GCEO Triumphs Again at LinkedIn MENA Talent Awards
Dr. Adnan Chilwan, GCEO of Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has been awarded with the accolade of the Most Social Executive in the UAE’s Private Sector at the LinkedIn MENA Talent Awards. The awards took place last Wednesday …
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Moderate increase in loan demand, says UAE central bank survey
Demand for business loans increased “moderately” in the most recent quarter, with a similar amount of demand expected for the current quarter, according to a UAE central bank survey. The Q3 Credit Sentiment Survey, a quarterly publication that …
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UAE Central Bank warns against using ‘digital currency’
Dubai: The UAE Central Bank warned on Monday about the use of “digital coin”, saying it did not issue a license to allow the currency in the local market. The statement comes after Bitcoin, one of the cryptocurrency, hit a record high of $6,148 on …
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NCB, Mobily hit Saudi, Emaar still weighs on Dubai
DUBAI, Oct 23 (Reuters) – National Commercial Bank (NCB) and telecom stocks dragged down Saudi Arabia’s main index on Monday while Emaar Properties weighed on Dubai’s stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 …
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Dubai Financial Market Signs Deal to Trade Futures on Nasdaq Dubai
The DFMGI tracks a basket of leading DFM-listed companies, providing broad exposure to the UAE economy in vibrant sectors including property, banking, telecoms, insurance and transport. Essa Kazim, Chairman of DFM, said: “The diversification of products …
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Islamic Development Bank (IDB) celebrates listing $1.25 billion Sukuk on Nasdaq Dubai
The listing supports the economic development and social advancement goals of IDB, an AAA-rated multilateral institution, whose activities include providing financing for development projects in line with Shari’ah’a principles to its 57 member countries.
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Emaar weighs on Dubai, Banks drag down Saudi early on
DUBAI, Oct 23 (Reuters) – Emaar Properties weighed on Dubai’s stock market in early trade on Monday for the second day in a row, while Saudi Arabia was dragged down by the banking and insurance sectors. The Dubai index lost 0.7 percent as Emaar fell …
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Emaar Properties unit IPO seen reviving primary market
The Dubai Financial Market General Index has returned 3.19 per cent so far in the year due to lower oil prices, compared to a 15 per cent gains in Dow Jones Industrial Average. The UAE market has not witnessed an IPO since 2015, but regionally the amount …
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Dubai to leverage its high global financial hub rankings
Dubai: Dubai is seeking to consolidate its growing leadership status in global finance with a combination of initiatives aimed at deepening its financial cluster, enhancing infrastructure, expanding access to talent, and increasing its financial industry …
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UAE banks take lead in digitisation and fintech adoption
Dubai: Banks in the UAE are fast realising the challenges and opportunities of fintech revolution. A number of banks have already announced a number of digital banking initiatives, ranging from sperate digital-only banking platforms to strengthening of …
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Emaar plans to sell 20% stake in Emaar Development via IPO
The move comes after Dubai’s leading property firm announced it had obtained shareholder approval for the sale of up to 30 percent of the unit in a public offering in Dubai. Emaar Development is behind communities in Dubai including Emirates Living …
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Emaar plans to sell 20% of its property unit via IPO next month
The move comes after Dubai’s leading property firm announced it had obtained shareholder approval for the sale of up to 30 per cent of the unit in a public offering in Dubai. Emaar Development is behind communities in Dubai including Emirates Living …
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Dubai Financial Market : Emaar Development IPO scheduled for early November – CEO
Dubai – Mubasher:Emaar Proprieties CEO Mohamed Al Abbar is expecting that a 30% stake of Emaar Development will be offered to public subscription during the first half of next month. The date of the initial public offering (IPO) is subject to the …
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Emaar contributes another $16m to UAE talent fund
Emaar Properties has announced an additional contribution of AED62 million ($16.8 million) to Sandooq Al Watan, the philanthropic fund set up by Emirati entrepreneurs and the private sector to nurture UAE youth talents. One of the largest contributors to …
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