In addition, the international board uses RMB for settlements, producing an effective convergence of the RMB offshore and onshore markets, expanding the cross-border use of the RMB and providing a new channel for return of funds. All these points steadily …
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UAE banks stay rooted in stability despite challenges
The banking system in the UAE was remarkably resilient in the face of multiple challenges throughout 2016 – be it low crude prices, contraction of government investment or unpredictable global political events. UAE banks continue to be well-capitalised and …
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UAE banks stay rooted in stability despite…
The banking system in the UAE was remarkably resilient in the face of multiple challenges throughout 2016 – be it low crude prices, contraction of government investment or unpredictable global political events. UAE banks continue to be well-capitalised and …
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DFM launches 'IPO Communications Guide'
Dubai Financial Market (DFM) launched on Monday its “IPO Communications Guide”, as part of the exchange’s continuous efforts to develop various practical guides that explains the regulatory framework of going public as well as the international best …
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Careem plans 2019 IPO as it works toward profit
Dubai: Careem Networks FZ, which competes with Uber Technologies Inc in the Middle East, may sell shares to the public in the next three years after a fundraising round valued the company at about $1 billion (Dh3.67 billion). “We are on a path to …
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Saudi newspaper says report on huge Aramco stake sale was wrong
DUBAI Major Saudi Arabian newspaper al-Eqtisadiah retracted a report on Sunday that said state oil giant Saudi Aramco IPO-ARMO.SE planned to sell 49 percent of its shares over the next 10 years. The report published on Saturday was “completely wrong and …
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Apollo Global, Abraaj Group invest in Laureate before possible IPO
The team handling media queries for the company is in Dubai and did not respond to a request for comment … Laureate registered with the SEC for an IPO last year, but those plans have not moved forward amid a turbulent market, regulatory scrutiny of …
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Saudi Aramco's landmark IPO seen boosting transparency
“If Aramco’s much-touted IPO does go through, it will be difficult to put a reliable dollar figure on its value,” Dr. Yasser Al-Saleh, a former Aramco engineer and now faculty member at Dubai’s Mohammed bin Rashid School of Government wrote in a …
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Saudi Arabia switches OPEC tack with eye on world’s top IPO, but it’s still far from ‘break even’
a credit analyst at Commerzbank AG in Dubai, said in an interview. “It’s more a question of building confidence in the economy. If crude stabilizes at higher prices, that will give more certainty and provide a stronger basis for the Aramco IPO.”
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Dubai Financial Market : Careem to list on DFM – CEO
Dubai – Mubasher:Careem, ride-hailing app, intends to offer its shares for an initial public offering (IPO), CEO, Mudassir Sheikha, said hinting to potential listing on Dubai Financial Market (DFM). In an interview with Bloomberg, Sheikha added that the …
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DFM Launches “IPO Communications Guide” As Part Of Its Efforts To Spearhead Potential Issuers’ Adoption Of Best Practices
His Excellency Essa Kazim, Chairman of DFM said; “We are pleased to launch this guide in line with DFM’s commitment to further reinforce the leading position of Dubai as a dynamic capital markets hub. Promoting the IPO sector by encouraging and …
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UAE better positioned for structural reforms among GCC countries
The unique economic strength of Dubai makes it Citi’s regional hub for the Middle East and Africa region. The bank currently serves more than 500 global companies in the region from the Dubai hub. Citi officials say to cover Africa, there is no other …
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Shariah Gold Standard Is “Revolutionary” – Mark Mobius
One of the world’s leading investors, Mark Mobius told a gold conference in Dubai that the new ‘Shariah Gold Standard … for those Islamic households that would like to invest in gold funds” He drew attention to the economic growth of both the UAE …
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Beyond convenience: Why banks strive to go cashless
Mashreq, which is celebrating its 50th anniversary next year, is one of the most active banks in the UAE. The bank sees technology as a key area of innovation and is making huge investments in digitisation to differentiate itself. While Mashreq has …
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Digitisation makes banking simple and more enjoyable
That is really exciting for a bank like Mashreq,” Som explained. Mashreq, which is celebrating its 50th anniversary next year, is one of the most active banks in the UAE and for the last two decades has focused on innovation as its competitive differentiator.
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17 UAE banks among top 100 Arab banks
BEITUT: A total of 17 UAE banks are among the 100 largest banking institutions in the Arab region, according to a new study conducted by the Union of Arab Banks, UAB. Saudi Arabia came second in the list with 12 banks, followed by Qatar (12 banks), Lebanon …
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Ajman Bank : ‘Ajman Bank’ signs a Joint Cooperation Agreement with ‘Takaful Emarat’
Ajman Bank’ signs a Joint Cooperation Agreement with ‘Takaful Emarat’ Ajman, UAE – Ajman Bank today announced it’s signing of joint cooperation with Emirates Takaful Company. The two sides shall work to conclude a new implementing joint cooperation …
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