Arabian Internet and Communications Services Co is set to raise 3.6 billion riyals ($960 million) in its initial public offering (IPO) after pricing the deal at the top of an indicative range, the …
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ADNOC Drilling’s IPO is one UAE success story waiting to happen
The oil behemoth, ADNOC Group, is seeking to raise about $750 million from its drilling unit’s IPO, in what would rank among one of the largest share sales in the UAE. The drilling unit is planing for …
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Abu Dhabi Catalyst Partners to be part of ‘sustainable finance’ ecosystem
Vortex Energy selects ADGM to bade new renewables investment platform Dubai: Abu Dhabi Catalyst Partners – an investment firm with Mubadala as shareholder – has partnered Vortex Energy to develop a …
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Prime Minister announces new green finance deal in the UAE
New £31 million clean growth loan from UK Export Finance to complete the construction of Bee’ah’s new green headquarters in Sharjah, UAE …
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UAE to Invest $14 Billion in UK Industries, Sovereign Wealth Fund Says
The United Arab Emirates plans to invest 10 billion pounds ($13.8 billion) in Britain over the next five years, building on the two country’s long-running business ties, an Abu Dhabi sovereign wealth …
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Ajman University and faculty bag Global Islamic Finance Awards
Ajman University and its professor and director of Center for Excellence in Islamic Finance (AU-CEIF), Dr Adnan Aziz have won the prestigious Global Islamic Finance Awards (GIFA) given out by the …
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UAE central bank working to replace interbank rates – sources
The UAE is looking at potential replacements for EIBOR and has started consultations with commercial banks in recent weeks, said three sources familiar with the matter …
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Exclusive: UAE Central Bank Working to Replace Interbank Rates – Sources
The UAE is looking at potential replacements for EIBOR – the Emirates Interbank Offered Rate which is used to price financial instruments in the Gulf’s top financial centre – and has started …
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Saudi Telecom tech unit prices IPO at top of price range
Arabian Internet and Communications Services Co is set to raise 3.6 billion riyals ($960 million) in its initial public offering after pricing the deal at the top of an indicative price range, the …
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How the UAE is laying the framework to support virtual asset adoption
Progressive regulatory frameworks are ensuring fairness, equal opportunity, and transparency in the UAE’s virtual assets sector …
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Lineal Opens Middle East HQ in Dubai and Continues Expanding Its Offerings Globally
Lineal Services, a global AI-enabled legal data services organization, announced today the continued growth of its global operations by opening its Middle Eastern headquarters in Dubai, UAE. Lineal …
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UK, UAE to launch ambitious ‘Partnership for the Future’
The UAE and the UK are expected to agree on an ambitious ‘Partnership for the Future’ today, building on the historic relationship between the two countries and setting a broad foundation for future …
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UAE to announce investment expansion across Britain
Mubadala Investment Company are expected to sign an expansion of the Sovereign Investment Partnership SIP on Thursday, British PM Boris Johnson’s press office said in a statement. The deal will …
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UAE: 46 ministries, influencers shortlisted for government communication award
Forty-six UAE ministries, media houses and influencers are vying for the Sharjah Government Communication Award’s (SGCA) 14 categories. Winners will be announced at the closing ceremony of the 10th …
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StanChart to add bankers in sustainable finance, capital markets in Saudi Arabia
Standard Chartered is looking to add bankers to focus on sustainable finance, project finance and capital markets in Saudi Arabia, a market it sees will become a “front-runner” for its regional …
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ACWA Power seeks to raise up to $1.2bn in initial public offering
Saudi Arabian energy company ACWA Power is set to raise up to SAR4.5bn ($1.1bn) through a planned offering of 81.2 million shares. The company will sell the shares for between SAR51 ($13.6) to SAR56 …
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UAE’s ADFD to finance $7.83mln modernisation of local Mauritania fishing port
Tanit Fishing Port is a traditional fishery that serves fishing-reliant households to earn their annual family income …
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