Category: FINANCE

DUBAI (Reuters) – Qatar’s sovereign wealth fund has thrown … a source familiar with the matter said on Tuesday. British hedge fund firm TCI Fund Management, a 5 percent shareholder in LSE, is pushing to oust Chairman Donald Brydon over his handling …
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MAG Lifestyle Development, part of the UAE-based MAG Group, has announced that it will offer customers the opportunity to purchase properties using OneGram, the first Sharia-compliant crypto-currency. The developer said the move will provide property …
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Omniyat, a private real estate developer in the UAE, has secured Dh500 million of bank financing over five years to build a Dh1.34bn mixed-use scheme in Dubai’s Business Bay. “Construction on site has already begun and we are preparing to announce the …
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Earlier this month, the UAE’s central bank announced it was undertaking a joint project with the Saudi Arabian Monetary Authority to use blockchain technology to issue a digital currency accepted in cross-border transactions between the two countries.
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… Bank received the award at a ceremony following the ‘MENA Risk and Transaction Banking Dialogue 2017’, held earlier this month, at the Conrad Hotel in Dubai. The Asian Banker is one of Asia’s leading consulting companies in financial services …
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Khalifa Industrial Zone Abu Dhabi (KIZAD) has announced the signing of a Memorandum of Understanding (MOU) with Bank of China Ltd. – Abu Dhabi to mutually promote their services for the benefit of both entities’ customers in the UAE and abroad.
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Richards said yallacompare’s banking comparison business also thrived this year, serving well over 2 million individuals in the UAE alone, and processing over 61,000 banking applications.
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DUBAI, 17th December, 2017 (WAM) — Emirates NBD has won the ‘Achievement in Market Risk Management’ award in the Middle East and Africa, at the Asian Banker Middle East and Africa Transaction Banking and Risk Awards Ceremony 2017. The bank’s Chief …
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Mashreq Bank, the UAE’s leading financial institution was presented withthe Best Consumer Mobile Banking Global award at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England. The award isin recognition of …
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Dubai-based developer Omniyat has signed a facility agreement with Ajman Bank for Dh500 million ($136 million) for the construction of an iconic mixed-use project at Dubai Water Canal in Business Bay. The project is a cooperative partnership between Omniya …
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Irishman John Carey is fronting the biggest initial public offering (IPO) in the United Arab Emirates in over a decade in a deal worth 3.31 billion dirhams (€767 million). Carey, who worked for 17 years at oil giant BP in senior roles around the globe …
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He said the IPO brought world-class investors into Abu Dhabi … international investors have been hugely excited about developing a position in the United Arab Emirates (UAE), they see the good growth fundamentals here, it’s a great place to invest …
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ADNOC Distribution, the fuel retail unit of the UAE’s state oil firm ADNOC, made a strong debut on the Abu Dhabi Securities Exchange on Wednesday, opening 16 percent higher than the price set in the initial public offering (IPO). Shares in ADNOC …
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A United Arab Emirates state-owned oil giant made a positive stock market debut Wednesday, a listing likely to resonate through the Middle East as several other companies prepare to go public. The Abu Dhabi National Oil Company (ADNOC) listed a stake in …
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UAE. The Middle East and North Africa (MENA) region witnessed five IPO deals in the third quarter of 2017, representing a 400% increase when compared to the single IPO recorded in Q3 2016. Announced MENA value, or capital raised, reached US$ 236.7 million …
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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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… 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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