The United Arab Emirates’ economy will grow 2.1% this year and 4.2% in 2022, the central bank said on Wednesday, as the Gulf state rebounds from the coronavirus downturn.
( read original story …)
ADNOC increases size of drilling unit IPO
The Abu Dhabi National Oil Company (ADNOC) will increase the number of shares in the initial public offering (IPO) of its drilling unit to 11 percent of …
( read original story …)
ADNOC boosts size of drilling unit IPO to $1.1 billion
State oil giant Abu Dhabi National Oil Co (ADNOC) has increased to 11% of share capital the size of the initial public offering (IPO) of its drilling unit, ADNOC Drilling, because of oversubscription, …
( read original story …)
UPDATE 1-Saudi Telecom’s tech business locks in $966 million from IPO
Saudi Telecom Company has completed the retail and institutional subscription to the initial public offering of Arabian Internet and Communications Services Co, raising 3.624 billion Saudi riyals …
( read original story …)
UAE Luxury Market Report 2021: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2026 – ResearchAndMarkets.com
Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″ report has been added to ResearchAndMarkets.com’s offering.
( read original story …)
Exclusive: PayMate To Raise $100 Mn In Pre-IPO Round, To Enter Unicorn Club
Sources confirmed to Inc42 that with the infusion of fresh $100 Mn, PayMate will enter the celebrated unicorn club …
( read original story …)
United Arab Emirates $1+ Billion Data Center Market Investment Analysis & Growth Opportunities Report 2021-2026
The “United Arab Emirates (UAE) Data Center Market – Investment Analysis & Growth Opportunities 2021-2026” report has been added to ResearchAndMarkets.com’s offering. The UAE data center market size …
( read original story …)
Emirates Development Bank Launches SMB Banking App
Emirates Development Bank, which is important for Dubai’s industrial transformation agenda, has rolled out an app to help SMBs in the UAE.
( read original story …)
UAE Sees No Need for OPEC+ to Change Oil-Production Plan
There’s no need for OPEC+ to change its current production accord, United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday.Most Read from BloombergThe Global Housing Market Is Broken, and It …
( read original story …)
MENA IPO proceeds nearly halved in H1, but outlook is positive
The Middle East North Africa (MENA) region saw four initial public offerings (IPOs) raise total proceeds of $425.8 million during the first half of 2021, a 48 percent drop in proceeds when compared …
( read original story …)
UAE’s Etihad streamlines finance division with Microsoft AI
Etihad leveragiing AI solutions from Microsoft to automate bank-reconciliations in its finance division. – Emergent Tech …
( read original story …)
Emirates Development Bank packages business banking services for SMEs into new app
Dubai: Emirates Development Bank (EDB), a key enabler of the country’s industrial transformation agenda, has launched the EDB Business Banking app in partnership with YAP, a UAE-based fintech. The …
( read original story …)
Mena sees 48% drop in IPO proceeds in H1: EY
Globally traditional IPO performance has remained strong after riding a wave from Q1 2021, with 597 IPOs raising total proceeds of $111.6 billion.
( read original story …)
Institutional offering in ‘solutions by stc’ IPO hit $125.6bln
DUBAI: The institutional side of solutions by stc’s initial public offering was oversubscribed by 13,003 percent, raising SR471.1 billion ($125.6 billion). A unit of the Saudi Telecoms Company, …
( read original story …)
UAE’s Gargash Group acquires Deem Finance
UAE-based conglomerate Gargash Group has acquired financial services provider Deem Finance. The company, which has businesses in automotive, real estate and non-banking financial services sectors, …
( read original story …)
EY: Four MENA IPOS Raised $425.8 Million In H1 2021
According to the EY MENA IPO Eye Q2 2021 report, the MENA region saw four IPOs raise total proceeds of US$425.8 million during the first half of 2021, a …
( read original story …)
UAE: Business conglomerate Gargash Group acquires Deem Finance
Gargash Group, a UAE business conglomerate with an interest in automotive, real estate, and investments, on Sunday announced the acquisition of Deem Finance, a leading consumer finance business.
( read original story …)