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Tag: finance

Posted on 08/09/2021

UAE Dana Gas-led consortium signs $250mln financing for Khor Mor project

Pearl Petroleum Co. Ltd., the consortium led by the UAE-based energy firms Dana Gas and Crescent Petroleum, has signed a $250 million financing agreement with the US International Development Finance …
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Posted on 08/09/2021

First Abu Dhabi Bank hires new head of investment banking from HSBC -sources

DUBAI – First Abu Dhabi Bank, the United Arab Emirates’ largest lender, has hired Martin Tricaud as head of investment banking, sources said. Tricaud was previously chief executive officer for the …
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Posted on 08/09/2021

Finnovex ME Summit 2021 to Focus on Banking Innovation and Transformation

The platform will bring together top professionals and C-level executives from the industry to examine how technology is reimagining Banking innovation for 2021 and beyond. Dubai – September 02, 2021: …
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Posted on 07/09/2021

First Abu Dhabi Bank’s corporate finance head to leave-source

First Abu Dhabi Bank’s head of corporate finance, Andy Cairns, is leaving United Arab Emirates’ biggest lender, a source close to the matter said. DUBAI, Sept 7 (Reuters) – First Abu Dhabi Bank’s FAB.
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Posted on 07/09/2021

The Middle East IPO market is suddenly abuzz with activity

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 …
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Posted on 07/09/2021

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 …
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Posted on 07/09/2021

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 …
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Posted on 07/09/2021

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 …
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Posted on 07/09/2021

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 …
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Posted on 07/09/2021

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 …
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Posted on 06/09/2021

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 …
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Posted on 06/09/2021

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 …
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Posted on 06/09/2021

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 …)


Posted on 06/09/2021

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 …)


Posted on 06/09/2021

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 …
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Posted on 06/09/2021

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 …
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Posted on 06/09/2021

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 …
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