Inside Fintech Conference & Expo explores Fintech 3.0, including Blockchain technology and other decentralized solutions for financial processes, and its impact on the global financial ecosystem. Hear from the finance industry’s most forward thinking …
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Saudi regulator gives nod to Awazel’s IPO plans
Dubai: The Capital Market Authority (CMA) said on Thursday it has approved the Arabian Waterproofing Industries’ (Awazel) plan to offer 30 per cent or 8.1 million shares of the company’s share capital through an initial public offering. “A portion of …
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Adnoc said to consider IPO for shipping business
The UAE is the fourth-largest member in the Organisation of Petroleum … Emirates Global Aluminium, the largest aluminium producer in the Middle East, is considering an IPO that could raise about $3 billion. Saudi Arabia, the largest Gulf Arab economy …
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Abu Dhabi targets IPOs worth $5b ahead of Saudi Aramco
Dubai/Abu Dhabi: Abu Dhabi is hoping to fast-track at least $5 billion (Dh18.3 billion) of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighbouring Saudi Arabia …
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Abu Dhabi targets IPO frenzy ahead of Saudi Aramco
DUBAI: Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighboring Saudi Arabia, Abu Dhabi is restructuring …
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MIDEAST MONEY-Abu Dhabi targets IPOs worth $5 bln ahead of Saudi Aramco
DUBAI/ABU DHABI, Sept 20 (Reuters) – Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighbouring Saudi …
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Mof Receives a Delegation From the Ministry of Finance of the Kingdom of Saudi Arabia
In a bid to strengthen its relations with regional and global entities, the UAE Ministry of Finance (MoF) received today a delegation from the Ministry of Finance of the Kingdom of Saudi Arabia (KSA) in its premises in Dubai. The meeting aimed to exchange …
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UAE Ministry of Finance Receives a Delegation From Saudi Arabia
In a bid to strengthen its relations with regional and global entities, the UAE Ministry of Finance (MoF) received today a delegation from the Ministry of Finance of the Kingdom of Saudi Arabia (KSA) in its premises in Dubai. The meeting aimed to exchange …
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Electronic IPO Services Highlighted at ADX
Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, recently held a conference with ten of the UAE’s top banking institutions to discuss plans for its new electronic Initial Public Offering (IPO) services. The new service will …
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ADX Hosts Session on New Electronic IPO (Ektetab) Services With Leading UAE Banks
Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, recently held a conference with ten of the UAE’s top banking institutions to discuss plans for its new electronic Initial Public Offering (IPO) services. The new service will …
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Senior Regulatory Compliance Officer – Arab Monetary Fund – Dubai Jobs
Review investment guidelines to ensure compliance with Investment Policy of external portfolios. Review subscription forms for funds of hedge funds and property funds. Complete and submit self-certification forms as required by custodians and external bond …
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Dubai Islamic Bank sponsors 5 UAE Food Bank branches
Dubai: Dubai will get five more Food Bank branches, thanks to a Dh5 million sponsorship from Dubai Islamic Bank (DIB). The UAE Food Bank and Dubai Municipality recently signed the sponsorship agreement with DIB, making it one of the key sponsors of the UAE …
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Emaar seeks nod to offload 30% development unit stake via IPO
The board will also discuss its entry into a financing arrangement with First Abu Dhabi Bank, the company said in a statement posted on Dubai Financial Market’s website. Emaar had earlier said that it would use the proceeds of the IPO to distribute …
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Dubai’s DP World acquires new businesses in $405m deal
DP World on Monday announced that it has entered into agreements to acquire Maritime World, the owner of Dubai Maritime City (DMC), for $180 million and to buy Drydocks World by means of a capital injection of $225 million. DMC is a maritime service …
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UAE banking to strengthen in 2018 – study
The UAE’s banking sector will see renewed growth in 2018 and remain “fairly robust” into 2019, a new analysis says. The UAE’s economy overall will benefit from higher oil prices and easing oil production cuts, driving a resurgence in bank lending …
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Dubai awards $3.9 bln solar energy contract to Shanghai Electric, ACWA Power
DUBAI, Sept 16 (Reuters) – Dubai’s state energy utility awarded a $3.9 billion contract to build and run a 700 megawatt solar power plant to a consortium comprising Shanghai Electric and Saudi Arabia’s ACWA Power
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Dubai Financial Regulator Issues Warning on ICOs
A financial services regulator in Dubai has issued a warning on initial coin offerings (ICOs). In a new statement today, the Dubai Financial Services Authority (DFSA) became the latest markets regulator to urge caution to prospective investors, a list …
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