Dubai: Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI , on Wednesday set the price range for its initial public offering, implying an equity valuation for the …
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More UAE dollar bonds expected next year, local currency issues to follow
The United Arab Emirates federal government will be in the market next year for more dollar bond issuances and is working on plans to issue local currency debt, a finance ministry official said on …
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Central Bank of UAE sign MoU with ADGM to develop UAE FinTech sector
The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM) have signed a memorandum of understanding (MoU) to collaborate on the development and growth of the UAE’s FinTech ecosystem …
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Mashreq NEO to become UAE’s first digital bank to use facial recognition for account opening
Mashreq NEO has collaborated with the UAE’s Ministry of Interior to introduce a face biometric-based digital account opening process.
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FAB joins UAE’s race for net-zero carbon emissions by 2050
Builds on FAB’s sustainable finance leadership including region’s first public Green Bond Abu Dhabi: In line with the UAE’s vision to promote sustainable economic growth in the region, First Abu …
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Central Bank of the UAE Summary report for Monetary & Banking Developments- August 2021
The Monetary Base expanded by 1.8 % rising from AED 436.9 billion at the end of July 2021 to AED 444.7 billion at the end of August 2021 …
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Fertiglobe sets price range for IPO, implies market cap of up to $5-$6 billion
Fertiglobe set the price range for its initial public offering on Wednesday, implying a market capitalisation of $5.5 billion to $6 billion.
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Fertiglobe IPO may raise as much as $827m
Fertiglobe, the joint venture between Abu Dhabi National Oil Company and Dutch fertiliser company OCI may raise as much as $827 million in an initial public offering after the company priced its …
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Fertiglobe sets price range for IPO, implies market cap of up to $5-$6 bln
Fertiglobe set the price range for its initial public offering on Wednesday, implying a market capitalisation of $5.5 billion to $6 billion.
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UAE Digital-First Bank Mashreq NEO Debuts Facial Recognition
Digital bank Mashreq NEO, based in the United Arab Emirates, is letting residents open bank accounts with facial recognition technology.
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UAE MoF to participate in GITEX Technology Week 2021
ABU DHABI- The Ministry of Finance (MoF) today announced its participation in the 41st edition of GITEX Technology Week 2021, which will be held from 17th to 21st October at Dubai World Trade Centre.
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Sheikh Khaled bin Mohamed bin Zayed launches Dh5b Abu Dhabi IPO Fund
The fund will help private companies through the IPO process by providing liquidity Dubai: Abu Dhabi has launched a Dh5 billion IPO Fund to serve as ‘catalyst’ for further growth of the Abu Dhabi …
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Abu Dhabi launches $1.4 bln IPO fund to boost stock market
Abu Dhabi’s Supreme Council for Financial and Economic Affairs on Tuesday launched a $1.4 billion (Dh. 5 billion) IPO fund to strengthen Abu Dhabi …
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UAE and Gulf economies in line for much improved growth in 2022, says IMF
UAE GDP projected to grow 2.2% this year and 3% in 2022 Dubai: The International Monetary Fund (IMF) has forecast improved growth for hydrocarbon exporting countries, particularly the GCC, in its …
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IMF sees improved growth outlook for UAE, GCC
The IMF report observed that in the near term, commodity exporters, especially oil exporters have brighter growth outlook. For the Middle East and North Africa region in which world’s leading oil …
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MobiKwik turns unicorn ahead of IPO
The company has received markets regulator SEBI’s approval to launch an initial public offering, through which it plans to raise up to ₹ 1,900 crore.
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MobiKwik turns unicorn ahead of initial public offering
The company has received markets regulator Sebi’s approval to launch an initial public offering, through which it plans to raise up to Rs 1,900 crore.
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