Emaar rethinks IPO strategy

The funds raised from the IPO will be distributed among the company’s shareholders as a special dividend – the primary beneficiary in this case will be Investment Corporation of Dubai (ICD), the main sovereign wealth fund of the emirate, which owns ... ( read original story ...)

You don’t need to provide your bank statement to your employer

You may advise your employer that you will not provide your personal bank account statement. However, you are willing to provide the same to the authorities in the UAE, if asked by the authorities. The detention of a passport by the employer against the ... ( read original story ...)

Emaar hires Goldman Sachs to manage IPO of real estate unit

The malls unit IPO raised about $1.58 billion in 2014 and is the largest share sale in the UAE in the past nine years, according to data compiled by Bloomberg. Emaar, listed on the Dubai Financial Market, announced plans to spin-off its real estate unit on ... ( read original story ...)

Expats lacked financial discipline those days

Sheikh Sultan was just 24 years old when we decided to start present Barjeel Geojit Securities LLC, the Indo-UAE joint venture in financial services. I have tremendous satisfaction for being instrumental in the formation of this joint venture, which has ... ( read original story ...)

UAE blacklist likely to squeeze liquidity of Qatari banks

Qatari banks have around 60 billion riyals ($16 billion) in funding in the form of customer and interbank deposits from other Gulf states, Chiradeep Ghosh, banking analyst at SICO Bahrain, said. But the United Arab Emirates central bank has ordered local ... ( read original story ...)