The southern Italian region of Puglia is banking on innovation, Governor Michele Emiliano told the concluding session of the Innovation Talk conference at the Italian Pavilion at Expo Dubai 2020. (ANS …
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UAE ranked 11th on major global brand strength index, beating US, UK
The top five positions are taken by Switzerland, Canada, the Netherlands, Singapore, and Germany, followed by Australia, Denmark, Norway, Sweden, and New Zealand …
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DIFC and Start-Up Nation Central to Promote Innovation-Based Business Ties Between the UAE and Israel
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia region and Tel Aviv-based not-for-profit organization Start-Up Nation Central …
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Lebanese president says forensic audit of central bank has begun
A forensic audit of the Lebanese central bank by Alvarez & Marsal began on Thursday, Lebanese President Michel Aoun said on Twitter, indicating fresh momentum on a condition for Lebanon to secure …
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UAE envoy, BH’s Minister of Finance discuss boosting relations
Sheikh Sultan bin Hamdan bin Zayed Al Nahyan, UAE Ambassador to Bahrain, has met with Sheikh Salman bin Khalifa Al Khalifa, Bahrain’s Minister of Finance and National Economy, where they discussed the …
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UAE sovereign bonds listed on Nasdaq Dubai
Global books to the first-of-its-kind sovereign bonds in the UAE peaked at $22.5 billion, representing a 5.6x oversubscription …
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Fertiglobe IPO raises Dh2.9 billion, sets price at Dh2.55 per share
Fertiglobe, a joint venture between the Abu Dhabi National Oil Company (Adnoc) and chemical producer OCI, on Wednesday said that it had raised $795 …
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Emirates NBD Q3 net profit surges as retail finance demand surges
The bank posted a jump of 61% in third-quarter earnings to Dh2.5 billion, beating forecasts, as impairment charges slumped on a recovering economy and …
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Finance ministers welcome Bahrain’s Fiscal Balance Program efforts
This was revealed following a meeting of the ministers with Bahrain’s Finance Minister on October 19 to discuss the latest developments regarding Bahrain’s Fiscal Balance Program. The Arab Monetary …
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Clifford Chance advises on historic UAE first bond issue
Leading international law firm Clifford Chance has advised the Federal Government of the UAE, acting through the Ministry of Finance, on the establishment of its Global Medium-Term Note Programme and …
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Abu Dhabi’s Fertiglobe IPO raises $795mln; valuation seen at $5.8bln
The Abu Dhabi-based Fertiglobe raised $795 million in its initial public offering (IPO) on the back of strong investor demand for the third largest offering on the Abu Dhabi Securities Exchange. At …
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Middle East fertiliser firm Fertiglobe raises $795m in IPO backed by Singapore
Abu Dhabi’s state energy company and OCI NV has raised $795 million by listing their Middle Eastern fertiliser venture, drawing around $17 billion of orders and attracting investors including a …
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Abu Dhabi Investment Authority to invest $400m in Indonesia’s GoTo Group’s pre-IPO fundraising
Dubai: The Abu Dhabi Investment Authority (ADIA) said on Wednesday that a wholly owned subsidiary has entered into an agreement with GoTo Group, the largest digital ecosystem in Indonesia, for ADIA to …
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ADIA to invest $400m in Indonesia’s GoTo Group’s pre-IPO fundraising
Dubai: The Abu Dhabi Investment Authority (ADIA) said on Wednesday that a wholly owned subsidiary has entered into an agreement with GoTo Group, the largest digital ecosystem in Indonesia, for ADIA to …
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Fertiglobe sets mid-range IPO price, gross proceeds of around $795 million
Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI, said its initial public offering was priced at 2.55 dirhams ($0.6943) a share, raising around $795 million for …
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Dubai’s Biggest Bank Still Waiting for Asset Quality to Improve
Emirates NBD PJSC reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely improved.
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Dubai’s Emirates NBD nine-month profit rose an annual 29% to Dhs7.3bn
Emirates NBD reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely improved. Dubai’s biggest bank said its nine-month profit rose an annual 29 per cent …
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