Global books to the first-of-its-kind sovereign bonds in the UAE peaked at $22.5 billion, representing a 5.6x oversubscription …
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Fertiglobe IPO raises Dh2.9 billion, sets price at Dh2.55 per share
Fertiglobe, a joint venture between the Abu Dhabi National Oil Company (Adnoc) and chemical producer OCI, on Wednesday said that it had raised $795 …
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Emirates NBD Q3 net profit surges as retail finance demand surges
The bank posted a jump of 61% in third-quarter earnings to Dh2.5 billion, beating forecasts, as impairment charges slumped on a recovering economy and …
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Finance ministers welcome Bahrain’s Fiscal Balance Program efforts
This was revealed following a meeting of the ministers with Bahrain’s Finance Minister on October 19 to discuss the latest developments regarding Bahrain’s Fiscal Balance Program. The Arab Monetary …
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Clifford Chance advises on historic UAE first bond issue
Leading international law firm Clifford Chance has advised the Federal Government of the UAE, acting through the Ministry of Finance, on the establishment of its Global Medium-Term Note Programme and …
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Abu Dhabi’s Fertiglobe IPO raises $795mln; valuation seen at $5.8bln
The Abu Dhabi-based Fertiglobe raised $795 million in its initial public offering (IPO) on the back of strong investor demand for the third largest offering on the Abu Dhabi Securities Exchange. At …
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Middle East fertiliser firm Fertiglobe raises $795m in IPO backed by Singapore
Abu Dhabi’s state energy company and OCI NV has raised $795 million by listing their Middle Eastern fertiliser venture, drawing around $17 billion of orders and attracting investors including a …
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Abu Dhabi Investment Authority to invest $400m in Indonesia’s GoTo Group’s pre-IPO fundraising
Dubai: The Abu Dhabi Investment Authority (ADIA) said on Wednesday that a wholly owned subsidiary has entered into an agreement with GoTo Group, the largest digital ecosystem in Indonesia, for ADIA to …
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ADIA to invest $400m in Indonesia’s GoTo Group’s pre-IPO fundraising
Dubai: The Abu Dhabi Investment Authority (ADIA) said on Wednesday that a wholly owned subsidiary has entered into an agreement with GoTo Group, the largest digital ecosystem in Indonesia, for ADIA to …
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Fertiglobe sets mid-range IPO price, gross proceeds of around $795 million
Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI, said its initial public offering was priced at 2.55 dirhams ($0.6943) a share, raising around $795 million for …
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Dubai’s Biggest Bank Still Waiting for Asset Quality to Improve
Emirates NBD PJSC reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely improved.
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Dubai’s Emirates NBD nine-month profit rose an annual 29% to Dhs7.3bn
Emirates NBD reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely improved. Dubai’s biggest bank said its nine-month profit rose an annual 29 per cent …
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‘UAE leading in financial services transformation’: Day 3 of inaugural Fintech Surge
The UAE has firmly established itself as ecosystem for Fintech startups and is leading an industry tech-driven revolut …
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JS Bank & Home Matters, Collaborate to Provide Housing Finance to UAE Based Pakistanis
Home Matters will provide an end-to-end mortgage brokerage service exclusively for JS Bank. The agreement was signed by Fahad Siddiqui, Head of Secured Lending – JS Bank and Sawan Karia, Managing …
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Saudi Arabia toughens finance firm law penalty
Saudi Cabinet on Tuesday approved raising the penalty for violating the Finance Companies Law to not more than SR2 million, the Saudi Press Agency reported. Following the amendment, the penalty is SR2 …
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TerraPay partners with LuLu International Exchange to power real-time cross-border transfers from UAE to key global markets
TerraPay, a global payments infrastructure company, today announced the partnership with LuLu International Exchange, part of the LuLu Financial Group- a leading global financial services provider.
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UAE races ahead with exemplary Covid strategy
The UAE handled Covid remarkably well, keeping numbers in check while unleashing a vaccination policy that’s been all-embracing. And not just that: over the course of time when a virus ran amok, the …
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