The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combating the financing of terrorism for its licensed nstitut …
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ADIB Becomes First UAE Bank To Establish An On-site Nursery For The Children Of Employees To Promote Work-life Balance
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, today inaugurated its on-site nursery that aims to provide quality nursery services for …
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Saudi Telecom Co gets approval for planned IPO of unit
Saudi Telecom Co (STC) (7010.SE) said on Tuesday the kingdom’s stock market regulator had approved the planned initial public offering of its subsidiary, Solutions by STC.
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UAE boosts start-up ecosystem
The UAE’s start-up ecosystem, acclaimed to be among the world’s most sought-after, received a major fillip on Monday with the launch of a spate of game-changing initiatives, including a “Skill-up …
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Satcom Yahsat sets offer price range for Abu Dhabi IPO
Al Yah Satellite Communications (AlYahsat), a satellite communications company in Abu Dhabi, has set an indicative price range for its initial public offering which shows it could raise up to 2.976 …
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CBD To Provide Digital Banking For DMCC-Licensed SMBs In UAE
The Commercial Bank of Dubai (CBD) has formed a partnership with the Dubai Multi Commodities Centre to support business owners and promote entrepreneurship.
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Yahsat targets $810m in IPO
Abu Dhabi’s Al Yah Satellite Communications (which trades as Yahsat) has set its indicative price range for its Initial Public Offering (IPO), and which shows …
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Yahsat sets offer price range for IPO and opens subscription period
UAE-based satellite operator Yahsat has announced the opening of the subscription period for the initial public offering (IPO) of part of its existing shares on 27 June, which will continue until 06 …
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Saudi’s Tanmiah Food Co. launches order book ahead of IPO
As part of the IPO, 6mln ordinary shares will be offered to institutional investors, representing 30% of the share capital of the company, with the price set between $15.73 to $17.87 per share …
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Apax Partners-promoted Healthium Medtech planning $300 mn to $400 million IPO at $1 billion valuation; picks four I-bankers
The stock of Healthium Medtech’s listed rival Poly Medicure has nearly doubled in the last six months, even as the latter raised Rs 400 crores via a QIP in February. Mysuru based medical equipment mak …
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S.Korea’s Kakao Bank says its planned IPO expected to raise at least $2 billion
South Korean digital bank Kakao Bank Corp said on Monday its planned initial public offering is expected to raise at least 2.2 trillion won ($1.95 billion) at the low end of an indicative price range.
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Tradewind Finance provides USD 5mln trade finance facility to Dubai-based printing services company
UAE, and USA. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and world-class services to the world’s …
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Emirates Development Bank gets into debt finance to fund more UAE businesses
EDB asked for $750 million and eventually got it, no problem, as the bank’s debt was assigned the fourth-highest investment grade from Fitch Ratings.
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Aafaq Islamic Finance implemented Infosys Finacle’s digital banking suite to transform its technology infrastructure
IBS Intelligence is a leading global FinTech News & Research firm. Get ✅ Latest Digital Banking & Financial Technology News, ✅ Research & ✅ Market Insights.
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Saudi Fransi Capital says price range for Tanmiah Food IPO set at 59 to 67 riyals/share
DUBAI – Saudi Fransi Capital has started a book building process in preparation for Tanmiah Food Co’s initial public offering, setting a price range of 59 riyals ($15.73) to 67 riyals ($17.87) per …
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Qatar Petroleum hires banks for four-tranche bond sale – document
Qatar Petroleum hired a group of banks to arrange a four-tranche U.S. dollar-denominated bond sale, comprising five, 10 and 20-year conventional bonds, as well a 30-year Formosa portion, a document …
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Dubai Lures Wall Street Jet-Setters as Business Revives
The jet-setting days of Wall Street bankers and executives flocking to Davos in January might be on pause, but in the financial capital of the Middle East it’s business as usual once more. Dubai is …
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