Investor sentiment has improved and the global outlook is more positive, which should reflect on the IPO market in the MENA region.” Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and …
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Foreign workers in the UAE remit over $21bn in H1
The total value of remittances by foreign workers in the UAE reached AED78 billion ($21.2 billion) during the first half of 2017, according to central bank figures. The UAE Central Bank announced that remittances totalled AED40.8 billion during the second …
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Dubai Islamic Bank : DIB recognised as Best Performing Outlet by Dubai Service Excellence Scheme
Dubai Islamic Bank has been awarded Best Service Performing Outlet for the Dubai Mall branch for 2016, under the Banking Services business category at the Dubai Service Excellence Scheme (DSES). The ceremony took place at the Jumeirah Beach Hotel on 14 …
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Dubai Exports assists Brazilians in technology summit
Brazilian enterprises interested in joining an event on industrial technology in the emirate next November can rely on support from the government agency to find business connections and to schedule meetings. Isaura Daniel* isaura.daniel@anba.com.br São …
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Pardoned Indian prisoners speak, thank Sharjah Ruler
The pardoned prisoners expressed their happiness and gratitude after receiving the news. “We thank His Highness the Ruler of Sharjah for this kind gesture.” Mohammad Mustafa Shaukat, 68, a taxi driver, has spent 15 years in jail because he did not …
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Emaar lists assets it intends to take public
The majority of the assets included are mixed use projects under construction, including new hotels such as the Vida Dubai Mall and the Address Sky View. Emaar also plans to IPO empty plots that it owns in Dubai Harbour, Emirates Hills, and Arabian Ranches.
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Mena IPO records 16 deals in H1 2017
The greenfield IPO of Orient UNB Takaful PJSC (Orient UNB) in second quarter (Q2) of 2017 represents the first IPO on the Dubai Financial Market (DFM) since the IPO of Dubai Parks and Resorts in 2014. The GCC saw 13 IPOs raised in H1 2017, a 33 percent …
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Mena IPOs raise $788m in first six months
The greenfield IPO of Orient UNB Takaful PJSC (Orient UNB) in Q2 of 2017 represents the first IPO on the Dubai Financial Market (DFM) since the IPO of Dubai Parks and Resorts in 2014. According to EY, the GCC saw 13 IPOs raised in the first half …
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16 MENA IPOs Recorded in H1 2017: EY
H1 2017 saw US$ 788 million in capital raised IPO of ADES International Holding Ltd. largest in MENA at US$ 243.5 million Dubai, UAE – 26 September 2017: In the first half of 2017, MENA IPO activity witnessed 16 deals, representing a 100% increase when …
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Sluggish mood remains on Dubai index, as traders seek catalysts
with some of the positive catalyst like Emaar IPO, good quarter for blue chip companies,” said Tariq Qaqish, Managing Director — Asset Management at Menacorp. The Dubai Financial Market General Index closed 0.06 per cent higher at 3,563.99. The Dubai …
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Aramco listing reshapes Saudi Arabia’s OPEC oil policy
DUBAI/LONDON (Reuters) – Saudi Arabia’s plans to float state … But the fact such a move was considered shows how Aramco’s initial public offering (IPO) – expected to be the biggest in history – is forcing the kingdom to rethink its OPEC policies.
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UAE, Saudi IPO pipeline for H2 2017 looks strong: …
The greenfield IPO of Orient UNB Takaful in Q2 of 2017 represents the first IPO on the Dubai Financial Market since the IPO of Dubai Parks and Resorts in 2014. The company raised $16.3 million. While Emirates NBD Asset Management raised $105 million by …
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Saudi Arabia’s regulator set to ease share listing, M&A with new rules
The exchange, which itself is planning an IPO, is doing “due diligence” on all aspects of … newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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UAE one of best countries to live and work: HSBC report
finance and healthcare. It also attracted positive feedback in the family category, scoring the most in the area of childcare quality, as well as quality of life and tolerance. More than half (55 per cent) of expats in the UAE said their work-life balance …
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Eshraq Properties : UAE’s Eshraq denies capital reduction
Abu Dhabi – Mubasher: Eshraq Properties on Thursday announced that neither its board nor its general assembly voted any capital reduction. Some news had reported a reduction of share capital by 57%, in a way to absorb losses, the company said in a …
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Tourists visiting Abu Dhabi, Dubai, RAK up 9.9pc in H1
the Emirates official news agency, citing statistics from the Central Bank of the UAE. The number of foreign tourists from the major markets witnessed considerable growth and the number of Russian tourists visiting Abu Dhabi, Dubai and Ras al-Khaimah …
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First Abu Dhabi Bank : ADX sheds 1.1% in week
Abu Dhabi – Mubasher:Tthe main index of the Abu Dhabi Securities Exchange (ADX) retreated in the week ended 28 September 2017 for the second successive week. The main index shed 1.08% or 48.09 points to 4,397.40 points. The banks sector lost 0.99% after …
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