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 …)
UAE central bank sees COVID-19 increasing money-laundering risks
The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report …
( read original story …)
OCI, Adnoc push ahead with IPO of fertiliser venture
Investors could be offered around a 10 percent to 15 percent stake in Fertiglobe through the IPO, according to sources …
( read original story …)
Central Bank of UAE identifies new COVID-19 financial sector risks
This report is part of our ongoing efforts to address money laundering and terrorist financing-specific trends and typologies emerging from the COVID-19 pandemic in the financi …
( read original story …)
UAE, UK sign climate action agreement
The UAE and the UK have agreed to strengthen their cooperation to accelerate climate action and environmental protection.The two countries signed a memorandum of understanding (MoU) on Saturday, ahead …
( read original story …)
UAE-UK partnership for the future
Shaikh Mohammad UK visit cements new partnership between the two nations The UAE and the UK have been friends and partners for close to five decades. The ties between our homeland and the UK are …
( read original story …)
UAE: Driving net-zero aspirations with public-private partnership support
However, sustainable reform requires further progression, with continuous effective and efficient activities dependent on the potential of a vital component blossoming at the national level – …
( read original story …)
Capital University College launches specialised MBAs in Marketing, Finance and Human Resource Management
Capital University College has been operating in the UAE since 1998 and is committed to serving the needs of the ever-enthusiastic students and working professionals alike. The university is pleased …
( read original story …)
UAE, UK launch new partnership to counter illicit financial flows
The UK and UAE will ramp up the targeting of those financing terrorism and serious and organised crime gangs as part of a landmark new partnership. The new agreement was signed by UK Home Secretary …
( read original story …)
UK-UAE sign pact to tackle illicit finance
The agreement aims to ensure that the UAE and UK are able to work more closely together to tackle the shared global challenges.
( read original story …)
Saudi developer hires BMG for largest IPO on Nomu at $266mln
The Jeddah-based developer has real estate projects in several industries, including entertainment, medicine, and hospitality …
( read original story …)
UAE, UK announce ‘Partnership for the Future’, new era of bilateral ties
Nahyan, Crown Prince of Abu Dhabi, has made a historical visit to the British capital as the UK and UAE announce a new era in …
( read original story …)