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Tag: finance

Posted on 20/10/2021

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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Posted on 20/10/2021

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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Posted on 20/10/2021

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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Posted on 20/10/2021

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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Posted on 20/10/2021

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 …
( read original story …)


Posted on 20/10/2021

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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Posted on 20/10/2021

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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Posted on 20/10/2021

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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Posted on 20/10/2021

‘UAE leading in financial services transformation’: Day 3 of inaugural Fintech Surge

The UAE has firmly established itself as ecosystem for Fintech startups and is leading an industry tech-driven revolut …
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Posted on 20/10/2021

JS Bank & Home Matters, Collaborate to Provide Housing Finance to UAE Based Pakistanis

Home Matters will provide an end-to-end mortgage brokerage service exclusively for JS Bank. The agreement was signed by Fahad Siddiqui, Head of Secured Lending – JS Bank and Sawan Karia, Managing …
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Posted on 20/10/2021

Saudi Arabia toughens finance firm law penalty

Saudi Cabinet on Tuesday approved raising the penalty for violating the Finance Companies Law to not more than SR2 million, the Saudi Press Agency reported. Following the amendment, the penalty is SR2 …
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Posted on 20/10/2021

TerraPay partners with LuLu International Exchange to power real-time cross-border transfers from UAE to key global markets

TerraPay, a global payments infrastructure company, today announced the partnership with LuLu International Exchange, part of the LuLu Financial Group- a leading global financial services provider.
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Posted on 20/10/2021

UAE races ahead with exemplary Covid strategy

The UAE handled Covid remarkably well, keeping numbers in check while unleashing a vaccination policy that’s been all-embracing. And not just that: over the course of time when a virus ran amok, the …
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Posted on 19/10/2021

Commercial Bank of Dubai, Infinios to support fintechs in UAE

Commercial Bank of Dubai (CBD) and Bahrain-based fintech Infinios Financial Services announced a strategic partnership to support the fintech ecosystem in United Arab …
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Posted on 19/10/2021

Startups at Dubai’s in5 secure investments worth Dhs1.4bn

More than 150 new companies joined in5 since 2020, bringing the total number of startups supported by the incubator to 500.
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Posted on 19/10/2021

Commercial Bank of Dubai and Infinios announce strategic partnership

Commercial Bank of Dubai (CBD) and Bahrain-based FinTech Infinios Financial Services announced a strategic partnership to …
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Posted on 19/10/2021

Fintech Adoption: Central Bank of UAE Partners with DIFC to Support Financial Tech Sector Growth

The Central Bank of the UAE (CBUAE) signed an agreement with Dubai International Financial Centre (DIFC), the international financial center in the MEASA region, in order to collaborate on the …
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