BlackRock and Fidelity are among international funds bidding to get stock in the offering, the people said, asking not to be identified because the information is private. Borouge had already …
( read original story …)
World Bank’s IFC extends $30m loan to UAE waste management company Averda
The International Finance Corporation, a member of the World Bank Group, is providing a $30 million loan to waste management company Averda, as it looks to continue teaming up with UAE-based companies …
( read original story …)
Borouge’s $2 Billion IPO is said to attract BlackRock, Fidelity
UAE chemical producer Borouge Plc’s $2 billion initial public offering is attracting interest from BlackRock Inc. and Fidelity, as fund managers scramble for a slice of the latest hot Middle Eastern …
( read original story …)
Mubadala to expand UAE companies’ operations to compete globally
Mubadala Investment Company aims to expand the operations of its UAE companies and help them to become “globally renowned competitors to the biggest companies out there in their sector”, a senior …
( read original story …)
As Hedge Funds Stumble, Sorry Is the Hardest Word
Bloomberg Daybreak Middle East. Live from Dubai, connecting Asian markets to the European opens. The show will focus on global macro issues with a middle eastern context, provide expert analysis of …
( read original story …)
How Dubai’s digital economy supports an ‘optimised investment climate’ and adds value to consumers
The group CEO of global trading firm Equiti discussed ways to boost the digital economy How Dubai’s digital economy supports an ‘optimised investment climate’ and adds value to consumers digital …
( read original story …)
Meet the Dubai-based expat capitalising on weak pound to build his UK property portfolio
Dubai-based Saif Mir is one of a class of investors looking to buy property in the UK while the pound is weak. Sterling has been falling against the dollar for most of the past year, and recently …
( read original story …)
UAE Used Car Market Growth Opportunities Report 2022 with Case Studies of YallaMotor and Cars24 – ResearchAndMarkets.com
The “UAE Used Car Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering. The UAE’s used car market experienced unprecedented growth in 2021. On the one hand, the global …
( read original story …)
Emirates Development Bank addresses its role in financing UAE’s key infrastructure projects
ABU DHABI, 25th May, 2022 (WAM) — Emirates Development Bank (EDB), the key financial enabler of the UAE’s economic diversification and … of how a company’s or project’s eligibility for finance is …
( read original story …)
Government of Dubai announces DubaiPay as new payment method on Al Ansari Exchange Mobile App
DUBAI, 25th May, 2022 (WAM) — The Government of Dubai, represented by the Department of Finance (DoF) and Dubai Smart Government Establishment (DSG), entered into a partnership agreement with Al …
( read original story …)
15 Mena IPOs raise $4 billion in Q1 2022
Q1 saw a jump of 1,242% in proceeds and 400% in volume when compared to Q1 2021; Saudi Arabia’s Tadawul dominates IPO activity while seven firms float on the Nomu …
( read original story …)
UAE businesses need to look closer at ‘fringe areas’ in corporate tax regime
As Ministry provides more updates, fringe areas will need better understanding Jaffa cakes are orange-flavoured, biscuit-sized cakes with chocolate coating. I now see them in supermarket shelves …
( read original story …)
Tech giant reveals how UAE banks can remain competitive in the banking sector
The UAE has seen a seismic shift in the banking sector in recent years – a rapid pivot towards digitisation, but many banks are now lagging behind; Xebia is supporting banks in …
( read original story …)
UAE, Gulf economies will be relatively insulated from any global recession
Hikes in interest rates will be a dampener and so will inflation Dubai: Are the world’s leading economies heading for a synchronised slowdown that could either be a full-on recession or a long drawn …
( read original story …)
Peninsula Said to Drop London IPO Plan in Favor of UAE Listing
Peninsula Real Estate is poised to abandon plans for a London listing in favor of an offering in Abu Dhabi, people familiar with the matter said, highlighting the growing allure of capital markets in …
( read original story …)
UAE’s Wage Protection System, financial literacy boost personal and business wellbeing: WEF experts
The UAE’s mandatory electronic salary system not only provides financial access, but also enhances digitisation, and improves the traceability of consumer spending UAE’s Wage Protection System, …
( read original story …)
ALL – ADCB credit card launched in the UAE
ALL – ADCB credit cards was recently launched in the UAE. The debut collaboration between global hospitality group, Accor, and …
( read original story …)