Tag: finance

Since the IPO plan was first announced … “The Sabic deal does add to the value of Aramco, but not enough to close the gap” said Robin Mills, who runs Dubai-based oil consultant Qamar Energy. “Higher …
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“Typically, when we want to go public, we target five to seven years [in the] horizon, but in the case of Right Health we are close to three to five years for its IPO. Listing for Right Health will mo…
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emcredit is the Dubai’s first credit bureau which launched operations as a federal corporation established by the Ministry of Finance. emcredit is a 100% subsidiary of the Dubai Department of …
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According to the Institute of International Finance (IIF), the sizeable fiscal consolidation of the past three years should put the fiscal stance on a more sustainable footing for the UAE over the …
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Amman, Oct. 4 (Petra)- In the presence of Deputy Prime Minister and Minister of State, Rajai Muasher, the governments of Jordan, Saudi Arabia, Kuwait and the United Arab Emirates (UAE) signed a number …
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The UAE and Saudi Arabia, both increased the value of their “nation brands” in 2018, based on the strength of their goods and services, investment potential and quality of life, according to the lates…
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Most analysts are of the view that a new round of bank mergers – the fourth series of consolidation in the UAE’s banking history – would serve to further consolidate the over-crowded financial system. …
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Lebanese fashion designer to the stars, Zuhair Murad, is considering an initial public offering (IPO) for his Beirut-based multi-million … “We just opened our first boutique in Dubai in the Dubai Ma…
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DUBAI: At around 6 p.m. last Tuesday, Atiq Rehman was racking his brains for a joke. The CEO of the Middle East and Africa for Citigroup, the giant American banking business, was delivering closing re…
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The UAE, Saudi Arabia and Kuwait have pledged $10 billion (Dh367bn) in financial support for Bahrain’s reforms package that aims to eliminate the kingdom’s budget deficit by 2022. Bahrain announced th…
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Abu Dhabi: The UAE has signed a financial cooperation agreement worth Dh12.5 billion with the government of Bahrain to support the country’s financial stability and stimulate economic growth.
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The new bank will be a leader in responsible lending and will set new standards for financial awareness and literacy,” said SABB chairman Khaled Suleiman Olayan. Video of Five things to know about… UA…
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Summary: Mashreq Bank and Mastercard has partnered to launch Masterpass QR, a safe and secure Quick Response (QR) mobile payments solution, accessible via the bank’s mobile application, Snapp. The pos…
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Dubai: The Boards of Directors of The Saudi British Bank (SABB) and Alawwal Bank have approved a merger agreement, according to a joint statement from both entities. Post-merger, the new entity wi …
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made the changes to regulate the Dubai Financial Services Authority’s anti-money laundering rules. Anti-money laundering laws in Dubai International Financial Centre (DIFC) will see changes implemente…
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The finance ministers of Kuwait, Saudi Arabia and the UAE will sign off on financial support to Jordan on Thursday, Kuwait’s state news agency reported. The three countries previously pledged $2 …
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The Dubai government has enacted changes to the Dubai International Financial Centre’s anti-money laundering laws following a self-assessment of the free zone’s capacity to fight financial crime. Shei…
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