Dubai: The UAE’s biggest IPO in recent times – from ADNOC Drilling – pulled in a whopping $34 billion, getting oversusbcribed multiple times. The Abu Dhabi company’s offer price was Dh2.3 a share, …
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ADNOC completes bookbuilding for drilling unit IPO raising over $1.1 bln
State oil giant Abu Dhabi National Oil Co (ADNOC) has completed bookbuilding for the initial public offering (IPO) of ADNOC Drilling, raising more than $1.1 billion, it said on Monday.
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Cornerstone expands in Dubai, appoints Robert O’Brien to lead new office
Julian Wheatland, Chief Executive Officer of Cornerstone, said: Dubai is a major destination for foreign investment in real estate, particularly with funds …
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MIDEAST STOCKS Saudi, Qatar supported by oil gains, Emaar rises in Dubai
Most major Gulf stock markets rose on Monday, with property shares supporting Dubai, while Saudi and Qatari indexes extended gains on a rise in oil prices.
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Cornerstone expands to Dubai, appoints new GM APAC and Middle East
Cornerstone FS plc, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs …
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Cornerstone expands to Dubai
Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that it has expanded into the Middle East …
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UAE’s first independent digital banking platform launches ‘virtual card’
The first independent digital banking platform in the United Arab Emirates has launched the region’s first virtual card, which it says will allow users to …
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Middle East Newsletter: Bustling Dubai Readies for Expo Crowds
With just days to go till Dubai starts to welcome tourists for Expo 2020, the city is bustling. Business is in full swing, restaurants have to be booked in advance and luxury sports cars swarm the …
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Sheikh Maktoum meets finance ministry team
UAE’s newly appointed finance minister urges team to work as one with one spirit Dubai: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister, Deputy Ruler of Dubai and Minister of …
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UAE’s ADNOC Drilling to list on ADX on October 3
Abu Dhabi Securities Exchange said on Sunday that shares of ADNOC Drilling co. will list on its main market from 3 October, 2021 under the trading symbol ADNOCDRILL. In the first week of September, …
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UAE Finance Minister Sheikh Maktoum pays tribute to late Sheikh Hamdan
Sheikh Maktoum on Sunday shared photos of his meeting with his team. He paid tribute to his predecessor, the late Sheikh Hamdan bin Rashid Al Maktoum, who was the longest serving finance minister in …
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Dubai-based fintech YAP launches region’s ‘first’ virtual card
Motivate Publishing YAP . Dubai-based neobank YAP announced on Sunday that it has launched the region’s “first virtual card” as part of the rollout of new features. Each …
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UAE announces ministerial changes including finance, environment
United Arab Emirates Prime Minister and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum announced ministerial changes on Saturday, including new finance and environment ministers.
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Oyo Hotels Likely to File Mega Rs 8,000-crore IPO Next Week. Key Details to Know
The IPO party on the bourses in India is still on, and in this party, the new entrant is Softbank backed Oyo Hotel and Room, which is expected to file for an IPO next week, the Reuters reported.
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IPO reasonably priced, Birla brand a huge benefit: Aditya Birla Sun Life MD Balasubramanian
MD & CEO A Balasubramanian told Moneycontrol’s Nisha Poddar in an interview that the IPO is reasonably priced … AMC that has got presence in the overseas market in Singapore and Dubai for the last …
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Why more Middle East firms may favour SPAC over IPO to go public
Ernst and Young says surge in special purpose acquisition company transactions in the MENA region is set to continue …
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ADIB partners with Spotii to launch UAE’s first virtual ‘Buy Now Pay Later’ prepaid card
Abu Dhabi Islamic Bank (ADIB) has partnered with Spotii, a digital payments provider, to introduce the first virtual ‘Buy Now Pay Later’ prepaid car …
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