DUBAI (Reuters) – Saudi Arabia’s government is accelerating … public offering of a stake in Saudi Aramco remains on track,” thе statement said. “The IPO process is well underwaу and Saudi Aramco remains focused on ensuring that all IPO-related …
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ADNOC ‘could list stake in fuel retail business in early 2018’
DUBAI: Abu Dhabi National Oil Co. (ADNOC … For ADNOC Distribution, Reuters reported in late July that banks had been mandated for the initial public offering (IPO), citing sources familiar with the matter. “They are still working on it, there may …
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Factors to watch – September 10
DUBAI, Sept 10 (Reuters) – Here are some factors that may affect … any dialogue with Qatar -SPA * Saudi says it’s accelerating economic reforms, Aramco IPO on track * Will Saudi Aramco deliver world record profit for next year’s IPO?
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The Banker names FAB ‘Most Innovative Investment Bank’ in the MENA region
First Abu Dhabi Bank, FAB, the UAE’s largest bank and one of the world’s largest financial institutions, has been named ‘Most Innovative Investment Bank’ for the MENA region, at The Banker’s prestigious 2017 Investment Banking Awards. FAB …
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Dubai Islamic Bank: Shari’ah-compliant DNA
Dubai Islamic Bank is the longest-established modern Islamic bank. It is also one of the leading financial institutions in the Middle East. Robin Amlôt spoke with Group CEO Dr. Adnan Chilwan about the bank’s growth strategy Dubai Islamic Bank (DIB) is …
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From Mumbai to Dubai via Hong Kong and Geneva: how I globalised my banking career
Several of my hedge fund clients said the CUHK MBA was top-tier for people … banking after graduating from CUHK and is currently a director at UBS in Dubai. The leadership development course in CUHK’s MBA programme emphasises the need to adjust your …
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SEBI’s P-Note ban turns boon for Dubai SE
Dubai seems to be emerging as a centre to trade Indian stocks … in the coming months as the ban on P-Notes is a significant trigger,” said an offshore hedge fund manager, who recently started testing the trading system on DGCX. P-Note is an offshore …
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Long term financial planning weak among UAE residents
Dubai: Long term financial planning among UAE residents is relatively weak with more than one-third (37 per cent) of people surveyed in HSBC’s latest ‘The Power of Protection’ study, say they have never had a conversation with anyone about long-term …
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UAE residents optimistic about financial future
Nearly nine in 10 people in the UAE are supporting a parent or child financially, while almost 100 per cent say they expect their financial situation to either improve or stay the same, an HSBC survey finds. The UAE ranks the second highest globally with …
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UAE’s big banks maintain stable profitability
Dubai: The top four UAE banks that account for more than 60 per cent of the banking system assets in the country have maintained stable profitability supported by higher yields and stable funding costs generating higher net interest income according to …
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UAE’s IPO drought is likely to ease from this year
Dubai: The IPO activity in the UAE has remained subdued for the past few years, which can be broadly attributed to two factors — firstly and the most important one is the lack of favourable market conditions, and secondly the unfriendly regulatory …
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QVT Financial’s Investments, Performance, Letters
For example, in 2009, QVT led a group of bondholders to explore their options regarding the delayed debt payments of Nakheel, a real estate company owned by Dubai World. In 2007, QVT joined six other hedge funds to urge Refco Inc. to increase its payments …
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UAE’s credit growth turns positive, but credit demand remains weak
Dubai: The UAE’s total banking sector credit returned to positive monthly growth in July, reaching 0.2 per cent month on month after a contraction of 0.5 per cent in the previous month, according to UAE Central Bank data. Modest monthly improvement …
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UAE’s largest banks to maintain ‘solid’ profits in 2018
The four largest banks in the UAE will see robust profits in the next 12 to 18 months despite pressure on fees and commision income, a Moody’s report states. Moody’s Investors Service said First Abu Dhabi Bank (FAB), Emirates NBD, Abu Dhabi Commercial …
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BAML, FAB to get roles in IPO of Emaar’s UAE real estate unit: sources
DUBAI (Reuters) – Bank of America Merrill Lynch (BAC.N … Emaar is already working with Goldman Sachs on the IPO but other banks are expected to be appointed as coordinators and bookrunners. The sources close to the matter said it was unclear what …
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UAE- Islamic banking attracts flocks of Pak customers
(MENAFN – Khaleej Times) Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including #UAE banks’ #Pakistan units …
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Islamic banking attracts flocks of Pak customers
Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including UAE banks’ Pakistan units are launching new products …
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