A senior Iranian official announced that there are no significant banking issues with China and the UAE, as hurdles with Turkish Halkbank are being removed. “About two months ago, there were reports that bank accounts of Iranian petrochemical companies …
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National Bank of Fujairah Structures Shari’a-Compliant Financing Solution for Malabar Gold
We are happy to be part of the inaugural Shari’a-compliant gold financing transaction in the UAE, which will go a long way in supporting the precious metals sector by accessing the Shari’a compliant banking products that represent almost 20% of the UAE …
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UAE Banks Federation revamps its brand identity
Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity.
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Saudi crackdown almost derailed Emaar IPO; UAE offers now at risk
People have their pictures taken near an Emaar sign outside the Dubai Mall in the UAE. Advisers to Emaar Properties scrambled to complete a $1.3bn offering in its UAE development business after local investors reneged on hundreds of millions of dollars in …
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Nasdaq Dubai to add Emaar Development to futures market
… will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO). The listing is expected to take place on Wednesday. Investors will be able to trade …
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UAE oil firm ADNOC may offer 20 percent stake in fuel unit
If ADNOC raises as much as $2.8 billion, it would be the biggest initial public offering (IPO) in the United Arab Emirates since 2007 when DP World raised nearly $5 billion, according to Thomson Reuters data. Abu Dhabi is pushing its state companies to …
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Nasdaq Dubai to create futures on Emaar Development following IPO
Nasdaq Dubai will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO). The listing is expected to take place on November 22 nd. Investors will be …
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Qatar- Saudi crackdown almost derailed Emaar IPO UAE offers now at risk
(MENAFN – Gulf Times) A Dubai property developer managed to pull off the Middle East’s largest initial share offering this year, but only after it was almost derailed by the sweeping arrests in neighbouring Saudi Arabia, where authorities say they’re …
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Adnoc to sell up to 20% stake in fuel unit through IPO
The shares will be listed on December 13, it added. “The planned IPO [initial public offering] … will offer both UAE and international investors an unprecedented opportunity to invest alongside Adnoc in one of the region’s leading retail brands …
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MIDEAST STOCKS-Geopolitics weigh on markets, Abu Dhabi firm on ADNOC IPO plan
UAE’s Dana Gas rebounds after fall on London sukuk ruling * Dubai’s Emaar continues fall on unit’s IPO pricing * Abu Dhabi attracts interest with ADNOC unit’s IPO * Qatar National Bank falls 1.9 percent By Aziz El Yaakoubi DUBAI, Nov 20 (Reuters …
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Emaar Properties : Development’s IPO to attract large number of Saudi investors
Dubai – Mubasher: Emaar Properties on Monday said that the initial public offering (IPO) of its unit, Emaar Development attracted a large number of regional investors, especially Saudi investors. The qualified Saudi investment institutions represented a …
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UAE MoF Organises a Workshop Titled ‘Practical Application for the Avoidance of Double Taxation Agreements’
The Ministry of Finance (MoF), organised a workshop titled ‘Practical Application for the Avoidance of Double Taxation Agreements’, in cooperation with the Organisation for Economic Cooperation and Development (OECD), between 20-22 November in Dubai.
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UAE MoF Holds Workshop on Financial Coordination at a Federal Level
As part of its efforts to raisestandards of financial management, and enhance financial policy integration across different emirates; the Ministry of Finance (UAE) held a workshop on financial coordination at a federal level. The workshop reflects the …
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Saudi Crackdown Sent Shivers Through Largest Middle East IPO
The government of Dubai is the largest shareholder in parent Emaar Properties, while Abu Dhabi has close ties with the Saudi regime. “We are pleased to have received significant retail and institutional support for our IPO, the first in Dubai in three …
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Slight fall in Dubai gold prices as dollar holds up
22-karat gold can be bought for Dh145.25 in Dubai Gold prices inched down on Tuesday … according to Reuters technical analyst Wang Tao. Hedge funds and money managers raised their net long position in COMEX gold by 7,027 contracts to 173,562 contracts …
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Saudi Crackdown Sent Shivers Through the Largest Middle East IPO
The government of Dubai is the largest shareholder in parent Emaar Properties, while Abu Dhabi has close ties with the Saudi regime. “We are pleased to have received significant retail and institutional support for our IPO, the first in Dubai in three …
( read original story …)
UAE banks federation unveils new brand identity
Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity.
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