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Tag: banking

Posted on 30/01/2022

Saudi digital security firm Elm set to raise US$818 million in IPO

Saudi Arabian digital security firm Elm is set to raise 3.07 billion riyals (US$818 million) after pricing its initial public offering at the top of its indicative price range. Elm, owned by the …
( read original story …)


Posted on 30/01/2022

Saudi digital security firm Elm prices IPO at 128 riyals a share

Company is set to raise 3.07 billion riyals ($818 million) after pricing its IPO Dubai: Saudi Arabian digital security firm Elm is set to raise 3.07 billion riyals ($818 million) after pricing its …
( read original story …)


Posted on 30/01/2022

Saudi digital security firm Elm set to raise $818 mln in IPO

Saudi Arabian digital security firm Elm is set to raise 3.07 billion riyals ($818 million) after pricing its initial public offering at the top of its indicative price range.
( read original story …)


Posted on 30/01/2022

Dubai hospitality major eyes European growth as it targets new markets

Sunset Hospitality Group plans continued aggressive growth throughout 2022 by increasing its portfolio to over 50 operating venues Dubai hospitality major eyes European growth as it targets new …
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Posted on 30/01/2022

Vedant Fashions IPO opens next week: Here are 10 things to know before subscribing issue

Vedant Fashions limited is all set to open for its initial public offering (IPO) next week.Vedant Fashions Limited, which owns the popular ethnic wear brand Manyavar, aims to raise ₹3,149.19 crore fro …
( read original story …)


Posted on 29/01/2022

Vedant Fashions IPO to open next week: 10 key things to know before subscribing issue

Vedant Fashions, which owns ethnic wear brand Manyavar, will launch its initial public offering (IPO) next week on February 4. This would be the third public offer of this year after AGS Transact …
( read original story …)


Posted on 29/01/2022

‘I may never see my husband again’: Wife of ailing British businessman, 67, locked in Dubai jail over banking fraud says he has been condemned to die behind bars because he …

Heather Cornelius says her husband Ryan has already spent 13 years in a cell the size of a shipping container with five other inmates following a minor banking fraud.
( read original story …)


Posted on 29/01/2022

The UAE Cross-Border Transaction-$9.6 Million

Royal UAE jet landed at Adan Cade international airport. According to the reports at the time, the royal private jet did not notify its cash cargo to the Mogadishu Airport Authority, nor did it make …
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Posted on 28/01/2022

Manyavar IPO: Parent firm Vedant Fashions’ IPO to open on Feb 4, check price band, offer details

Manyavar’s parent firm Vedant Fashions Ltd has fixed a price band of Rs 824-866 a share for its upcoming Rs 3,149-crore initial public offering (IPO). The Manyavar IPO will open on February 4 and …
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Posted on 28/01/2022

UAE and Australia discuss means of developing economic relations

Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance (MoF), met on Friday with Christopher Pyne, Chairman of the Australia United Arab Emirates Business Council, …
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Posted on 28/01/2022

Manyavar-owner Vedant Fashions sets IPO price band. GMP, key details as issue opens next week

Vedant Fashions Limited is the one of largest companies in India in the men’s Indian wedding and celebration wear segment. The company’s flagship brand ‘Manyavar’. Other b …
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Posted on 28/01/2022

Covid-19 encouraging digital transformation among UAE banks

Covid-19 is accelerating the rate of digital transformation in the UAE’s banking sector, according the CEO of Bank of Sharjah.. Covid-19 encouraging digital transformation among UAE banks. bank of …
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Posted on 28/01/2022

Manyavar IPO opens next week, shareholders selling shares worth Rs 3,150 cr in all OFS issue, check price band

Vedant Fashions Limited, the owner of ethnic wear brands such as ‘Manyvar’ and ‘Mohey’ is set to enter Dalal Street with an IPO (initial public offering). The company’s public issue will open for …
( read original story …)


Posted on 28/01/2022

Vedant Fashions IPO opens on Feb 4, check price band and other details

Investors can bid for a minimum of 17 equity shares and in multiple of 17 thereof. The IPO can be subscribed till February 8, Tuesday.
( read original story …)


Posted on 27/01/2022

Denmark appeals to UK court over Dubai trader Sanjay Shah’s alleged £1.5bn tax fraud

Provided by The National Denmark accuses Sanjay Shah of being behind a £1.5 billion tax fraud. Denmark’s tax authority has launched an appeal in the UK courts over an alleged …
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Posted on 27/01/2022

UAE Food Bank distributes over 10 million meals in 2021

Dubai: The UAE Bank has announced that it has distributed more than 10 million meals to various beneficiaries in 2021 under the directives of Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of His …
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Posted on 27/01/2022

UAE largest bank makes record profit in 2021

The UAE’s largest bank, First Abu Dhabi Bank, announced Thursday it scooped record annual net profit of $3.4 billion in 2021, a 19 percent increase over the previous year.
( read original story …)


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