The Middle East IPO market has suddenly come alive with a clutch of listings that are set to raise billions of dollars, with Abu Dhabi starting to catch up with regional leader Riyadh. The listings in …
( read original story …)
Banking subsidiarity and digitalisation need of the hour
Subsidiarity of banking system and digitalisation boost in the banking sector is the need of the hour, say experts assembled at Finnovex Middle East 2021 in Dubai. Reach and relevance are the golden …
( read original story …)
UAE’s Mashreq opens first representative office in Shanghai
UAE-based financial institution Mashreq Bank has inaugurated its representative office in Shanghai amid a strategic move to expand its presence in China. The Shanghai office will serve as a liaison …
( read original story …)
Dubai Customs ranked among top 10 Best Workplaces 2021 in Middle East
DUBAI — “Great Place to Work”, the global authority on workplace culture, ranks Dubai Customs among the top 10 Best Workplaces in the Middle East 2021. In the largest collection of employee …
( read original story …)
All you need to know about phone scams in UAE
Dubai Police blocked 8,000 phone numbers used by fraudsters last year Dubai Police urged community members to be cautious of phone scams and remember that banks won’t ask for passcodes or personal …
( read original story …)
What are the best payment apps in the UAE?
JGI/Jamie Grill Consumers are looking for speed and convenience when it comes to payment apps. Getty . Jatin Gupta laughs at the memory of transferring money to India just a fe …
( read original story …)
UAE oil producer Adnoc to list drilling unit in likely largest Abu Dhabi IPO
Abu Dhabi National Oil Co. is planning to sell shares in its drilling unit in what would rank among the largest initial public offerings in the …
( read original story …)
Adnoc launches drilling unit spin-off
The IPO of Adnoc Drilling is expected to be one of the largest flotations in the Middle East this year Abu Dhabi National Oil Co (Adnoc) will list its drilling business on the Abu Dhabi Securities …
( read original story …)
Oil giant ADNOC to sell minimum 7.5% stake in drilling unit’s IPO
ADNOC Drilling on Monday announced its intention to list on the Abu Dhabi bourse, which would see its parent company Abu Dhabi National Oil Co (ADNOC) sell a minimum 7.5% stake in an initial public …
( read original story …)
ADNOC to sell minimum 7.5% stake in ADNOC Drilling IPO
ADNOC Drilling on Monday announced its intention to list on the Abu Dhabi bourse, which would see its parent company Abu Dhabi National Oil Co (ADNOC) sell a minimum 7.5% stake in an initial public …
( read original story …)
ThinkMarkets Launches Institutional Business with Liquidity.net
After celebrating a decade in the market as a retail brokerage, ThinkMarkets has now introduced Liquidity.net, a foray into multi-asset liquidity provision aimed at servicing institutional and …
( read original story …)
Saudi Telecom’s tech unit aims to raise up to $960mln in IPO
DUBAI – Arabian Internet and Communications Services Co, a unit of Saudi Telecom, has set an indicative price range for its initial public offering, aiming to raise as much as 3.6 billion riyals ($960 …
( read original story …)
UAE announces plan to stimulate its economy, liberalize laws
The United Arab Emirates announced on Sunday a major plan to stimulate its economy and liberalize stringent residency rules for foreigners, as the …
( read original story …)
UAE to Grow Asia, Africa Trade, Seek $150 Billion Investment
The United Arab Emirates plans to deepen its trade ties in fast-growing economies in Asia and Africa, and draw $150 billion in foreign investment from mainly older partners to reposition itself as a …
( read original story …)
UAE: Now, no need to submit documents to open a bank account
Al Maryah Community Bank, the UAE’s first fully digital bank, has integrated its mobile app with the UAE Pass.
( read original story …)
Middle East Newsletter Sept. 5: More Time to Trade in UAE
Investors will soon get an extra hour to trade in the United Arab Emirates. The Abu Dhabi Securities Exchange and the Dubai Financial Market both plan to extend trading hours as of Oct. 3 and scrap …
( read original story …)
UAE ‘hopes’ to exceed 4% growth in 2021, economy minister says
The United Arab Emirates is hoping to exceed 4 percent growth in 2021, the country’s economy minister said, a higher rate of growth than previously forecast. The central bank had forecast 2.5 percent …
( read original story …)