DUBAI: The UAE Ministry of Finance has announced a selective tax of 100 percent on tobacco and energy drinks and 50 percent on carbonated beverages on Tuesday. It was announced in a tweet of UAE Ministry of Finance after the meeting of the board directors …
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Leejam Sports to file for 1b riyal IPO
Leejam, established in 2007 by vice-chairman Abdul Mohsen Al Haqbani, operates 120 locations across Saudi Arabia and Dubai under the brand name Fitness Time, according to its website. The company plans to formally apply for an IPO with the stock market …
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Leejam Sports to file for 1 bln riyal IPO, targeting Q4 Riyadh listing-sources
Leejam, established in 2007 by vice chairman Abdulmohsen al-Haqbani, operates 120 locations across Saudi Arabia and Dubai under the brand name Fitness Time, according to its website. The company plans to formally apply for an IPO with the stockmarket …
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CORRECTED-Leejam Sports to file for 1 bln riyal IPO, targeting Q4 Riyadh listing-sources
Leejam, established in 2007 by vice chairman Abdulmohsen al-Haqbani, operates 120 locations across Saudi Arabia and Dubai under the brand name Fitness Time, according to its website. The company plans to formally apply for an IPO with the stockmarket …
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The coming revolution in banking
A paradigm shift is under way in the UAE’s financial sector as technology evolves and customers live in an increasingly connected world. When the dust settles, the banking landscape will look a lot different over the next three years than it does today.
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Successful IPO Of An Offshore Driller
I discuss industry implication of ADES IPO. This article was written on a request by a reader who noticed that an offshore drilling company which originally came from Egypt and is now based in Dubai, ADES International Holding, had a successful IPO in …
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Cathay announces job cuts after posting financial losses
Dubai: An Asian airline that serves the UAE market is implementing … followed after the company announced that it had incurred some $74 million (Dh271 million) in financial losses for 2016, the first since the global recession. “We have had to make …
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Och-Ziff: Wall Street’s fallen star
“Och-Ziff, one of the largest hedge funds, positioned itself to profit from … a handful of longtime investors are sticking with the firm. A unit of Dubai’s sovereign investment fund retains a 16% stake, and mutual fund giant T. Rowe Price has bought …
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First quarter UAE banking sector data points to improving liquidity
Dubai: The UAE banking sector liquidity conditions in the first quarter of 2017 has eased further from year end 2016 and banks have substantially better liquidity position at the close of the first quarter of 2017 according to the latest data from the …
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Exclusive: China to lift curbs on foreign fund offshore investments
A growing number of foreign financial institutions, including Aberdeen Asset Management, U.S. hedge fund Bridgewater Associates and Vanguard … which it did not detail — had been dealt with… DUBAI (Reuters) – U.S. President Donald Trump, departing …
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Dubai’s $3bn airports finance deal secured
The Department of Finance for the Government of Dubai, DOF, the Investment Corporation of Dubai and Dubai Aviation City Corporation, have announced the successful signing of Airport Financing Company FZE, FINCO, $3 billion credit facilities. The facilities …
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Indian firms look to Dubai International Financial Centre for growth
Dubai International Financial Centre (DIFC) is attracting a number of Indian financial services related firms, making it the destination of choice for them to access the region. This was reaffirmed during a special event on Wednesday, May 17 where DIFC …
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Second UAE REIT launches with Apex as Administrator
It is only the second ever REIT to be listed in the UAE and was the first IPO in the UAE this year. Tim Rose, Head of Real Estate at Emirates NBD Asset Management, said, “Following the successful IPO of ENBD REIT on Nasdaq Dubai, we are pleased to have …
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Saudi Aramco IPO part of Kingdom’s diversification plan
and Dubai (UAE), which established itself as a trade, banking and media hub. At the center of Saudi Arabia’s economic transformation is the IPO (Initial Public Offering) of Saudi Aramco, the state owned oil company and its crown jewel. The Saudi …
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Emirates NBD Bank : 1.8 billion EGP loan for EGAS to boost gas production
04/09 EMIRATES NBD BANK: Capital caps UAE’s first IPO in 2017 04/06 EMIRATES NBD BANK: Capital completes UAE’s first IPO in 2017 04/05 EMIRATES NBD BANK: Capital completes UAE’s first IPO in 2017 03/26 EMIRATES NBD BANK: De-risking takes toll on GCC …
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Dubai gets $3b airports finance deal
The Dubai government on Sunday said that it had secured $3 billion in long-term financing for expansion of its airports. The deal, for which HSBC acted as financial adviser, included a $1.63 billion, seven-year conventional loan and a $1.48 billion …
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Have you realised what banking is now?
This week, the focus is on access to other markets from the UAE. According to the world bank’s financial inclusion data/global findex report, the total percentage of the UAE population with a formal savings account is 32 per cent. This is despite the …
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