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Tag: finance

Posted on 14/06/2020

Amlak International plans Saudi Tadawul listing, IPO

Saudi Arabia’s leading non-bank real estate finance company, Amlak International for Real Estate Finance, is planning to launch an IPO on the Saudi Stock Exchange (Tadawul). Amlak International …
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Posted on 14/06/2020

Pinsent Masons grows its Financial Services offering in Dubai with the appointment of Banking & Finance partner Matthew Escritt

Matthew is a banking and finance specialist, advising on all areas of structured cross border finance, including syndicated lending acquisition, development finance, asset finance, vendor finance, and …
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Posted on 14/06/2020

Dubai Stocks Lead Gulf Losses as Banks Face Pressure: Inside EM

Dubai equities lead Gulf losses as investors remain cautious about the pace of economic recovery, while volatility jumps in global markets.
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Posted on 14/06/2020

UAE energy sector is ripe for ‘green’ funds

Despite the unwavering advantages found in financing renewable energy efforts, a majority of financial institutions in the UAE are hesitant to participate on account of numerous v …
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Posted on 13/06/2020

Dubai’s financial hub DIFC announces all entities can now reopen at 100% capacity

Arif Amiri, the CEO of Dubai International Financial Centre Authority, said precautionary and social distancing measures will remain in place in line with the latest guidance from Dubai authorities to …
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Posted on 12/06/2020

Dubai’s Godolphin double-handed in Australia

After a very productive outing last week as the British horse racing season resumed following a hiatus, Godolphin are double-handed in Australia on Saturday. The Dubai horse racing operation conjured …
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Posted on 12/06/2020

Crude oil weakness emerging following OPEC+ decision

Crude oil has run into profit taking following the OPEC+ expected and already priced in decision to extend production cuts to end July. Multiple challenges to oil’s continued recovery exists and with …
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Posted on 12/06/2020

Commercial Bank of Dubai to open up shares to foreign investors

Commercial Bank of Dubai has opened up its shares to foreign investment. The bank has set a foreign ownership limit (FOL) of 40 percent after receiving regulatory approval. Shareholders had previously …
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Posted on 12/06/2020

Dubai’s Emirates NBD says 100m shares were bought by 254 unique investors

In an update on Dubai Financial Market, the bank said the largest purchase by one single investor was 10,116,892 shares on May 28, the date when the transactions took place. “This increase in purchase …
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Posted on 11/06/2020

For UAE property, the question of renting versus owning has no easy answers

End users are wary of committing to buying when property prices are still falling COVID-19: Cancelled UAE visa – do you need to pay overstay fines? COVID-19: I had a baby but lost my job – should I …
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Posted on 11/06/2020

Pinsent Masons Hires Norton Rose Partner to Lead Dubai Banking Practice

Pinsent Masons has appointed former Norton Rose Fulbright partner Matthew Escritt to lead the firm’s Middle East banking and finance practice from Dubai. Escritt was with Norton Rose Fulbright for 19 …
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Posted on 10/06/2020

Virus slows Dubai airport, world’s busiest for global travel

Perhaps nowhere is the world’s lack of flights due to the coronavirus pandemic more clearly felt than at Dubai International Airport, for years the world’s busiest for international travel. Its …
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Posted on 10/06/2020

HSBC extends $558mln funding for UAE’s Etihad Rail project

supply chain and receivables finance cash management and foreign exchange solutions” for the completion of the railway. The portion of the project that is being financed involves the construction of a …
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Posted on 10/06/2020

UAE Cabinet approves reformation of Board of Directors of Etihad Credit Insurance

Deputy Ruler of Dubai and Minister of Finance, as per the Article of Association of the Company, which requires the re-appointment of the Directors, after a period of three years. The members of the …
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Posted on 09/06/2020

MIDEAST STOCKS-Profit-taking weighs on Dubai; Saudi rises as bank stocks gain

Dubai’s stock market fell on Tuesday, snapping six sessions of gains, dragged by property shares and profit-taking, while the Saudi index rose modestly. June 9 (Reuters) – Dubai’s stock market fell on …
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Posted on 09/06/2020

Dubai Islamic Bank tightens guidance for dollar sukuk, gets over $4.15 bln in orders – document

Dubai Islamic Bank tightened the price guidance for its planned issuance of long five-year dollar sukuk and received more than $4.15 billion in orders for the Islamic bonds, a document showed on …
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Posted on 09/06/2020

Saudi takes lead in MENA IPOs; four deals raise $814.2mln in Q1 2020

The MENA region recorded an increase in IPO volume and value during Q1 2020, with four IPOs raising total proceeds of $814.2 million. This represents a 14-fold increase when compared to the $57.6 …
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