and Dubai’s Emaar Properties’ plan to delist its malls unit at a 36% discount to its 2014 IPO. He speaks with Manus Cranny and Yousef Gamal El-Din on “Bloomberg Daybreak: Middle East.” Like us on …
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UAE’s first independent digital banking platform launches
The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a leader in the Middle East, Africa and South Asia. Dubai-based YAP does not …
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UAE ranks among top places for language diversity, safety
Overall, the UAE comes in at the 34th place out of 58 countries, scoring best in the language subcategory and worst in the personal finance index.
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Cosmos Bank case: Pune police write to the UAE to hand over custody of Sumer Shaikh
PUNE The Pune police have written to the United Arab Emirates (UAE) to hand over the custody of Sumer Shaikh (28), accused in the Cosmos Bank cyber fraud case, 2018 …
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UAE discusses measures against anti-money laundering
The National Committee for Combating Money Laundering and Financing of Terrorism and Illegal Organisations approves counter-measures that designated …
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Why UAE stock markets can expect to see increased IPO activity in 2021
Ernst & Young exec says recent Company Law changes will likely lead to an increase in the number of IPO candidates in the UAE …
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Hedge Fund Boss Eyes $153 Million London Fixer-Upper Penthouse
Suneil Setiya, the co-founder of quant investing firm Quadrature Capital, is in talks to purchase a penthouse in London’s luxury One Hyde Park development for about 110 million pounds ($153 million), …
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Behind the Success of “Hello Dubai “by Glenn Perry – The Untold Story of Dubai’s Music Legend
Glenn Perry, a Dubai-based singer, songwriter, and producer, shares his story behind his latest song, Hello Dubai. Dubai Music School Glenn Perry, a Dubai-based singer, songwriter, and producer, …
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UAE banks may restructure loans deemed viable, write off rest
Credit quality is weakening for major UAE banks, based on our analysis of loan staging under IFRS 9, and is likely to drive loan restructuring at large-to-mid-sized accounts, with smaller businesses …
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Dubai risks driving out stock investors as top firms delist
Betting on Dubai to deliver uninterrupted success as a tourism and entertainment hub is turning into a costly business for some stock investors.
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UPDATE 1-Abu Dhabi satellite group Yahsat has met with banks about IPO-sources
Al Yah Satellite Communications Company (Yahsat) has held the kick-off meeting with banks for a potential initial public offering, two sources familiar with the matter told Reuters.
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Dubai bourse leads most of Gulf lower
Stock markets in Dubai and Qatar ended lower on Thursday, hit by blue-chip shares trading ex-dividend, while the Saudi index retreated ahead of an OPEC+ meet.
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Abu Dhabi’s Yahsat has held meeting with banks over IPO -sources
Al Yah Satellite Communications Company (Yahsat) has held the kick-off meeting with banks for its planned initial public offering, two sources familiar with the matter told Reuters.
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Aafaq Islamic Finance Launches The ‘Kunooz’ Promotional Campaign For The Citizens And Residents Of The UAE
Aafaq Islamic Finance, the leading Islamic Finance Company in the UAE, has recently announced one of its most extensive promotional campaigns yet, “Kuno …
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Russia’s Lavrov to Visit UAE, Saudi, Qatar to Discuss Energy Coordination: Ifax
Russian Foreign Minister Sergei Lavrov will visit the United Arab Emirates, Saudi Arabia and Qatar on March 8-12 to discuss coordination on energy markets, the Interfax news agency reported on …
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Saudi Arabia Continues to Lead MENA IPO market in 2020
Saudi Arabia continued to lead the initial public offering (IPO) market in the Middle East and North Africa (MENA) region with the Saudi Stock Exchange …
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HSBC appoints Head of Global Banking in the UAE
Mohammed Al Marzouqi as Head of Global Banking in the United Arab Emirates (UAE), subject to regulatory approval …
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