However, we don’t know the size of the IPO. We expect a very good response because we have a very good track record,” B.R. Shetty said on the sidelines of a conference in Dubai. He disclosed that JPMo…
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Abu Dhabi’s ADNOC inaugurates first service stations in Dubai
The celebrations come a month after the Dubai service stations were opened; a move that fulfilled one of ADNOC Distribution’s commitments as part of its IPO in December 2017. At the time the …
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Uber to introduce new lightweight app for Middle East
Dubai: Uber will soon launch its latest product … drive into the region ahead of its landmark initial public offering (IPO) later this year. Facing stiff competition from local rival Careem …
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Saudi Alhokair’s mall unit files for IPO, offering in second quarter: sources
Entornointeligente.com / DUBAI/RIYADH (Reuters … Arabian Centres Company, which has applied for an IPO with the Capital Market Authority, is eyeing a listing between April and June, said four source…
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Amanat names new chief executive as company eyes expansion
He launched Investcorp’s first Middle East-focused fund. In 2014, Amanat was created out of a greenfield IPO on the Dubai stock market. The company raised Dh2.5 billion, including from 37 prominent fo…
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Saudi Alhokair’s mall unit files for IPO, offering in Q2
DUBAI/RIYADH, Jan 21 (Reuters) – Saudi Arabia’sFawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter of this year, sources told Reuters on Monday. A…
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Approaching IPO, Lyft cautious about expanding beyond North America
Lyft, like Uber, filed for its IPO last December, but the government shutdown delayed … and in 2016 invested $350 million in Careem, a Dubai-based ride sharer. Lyft claims to be the biggest operator …
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MENA merger values climb 50% in 2018 – report
However, he predicted another fairly quiet year for the IPO market, citing “very, very low” levels of liquidity on many local stock exchanges. Data from Bahrain-based investment bank SICO shows that a…
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How personal finance education for children is gaining traction in the UAE
It is a Saturday, but instead of spending the day at the mall or beach, groups of 8 to 11-year-olds and teenagers are huddled in an office in Dubai’s Business Bay learning about personal finance. Topi…
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This digital marketplace is a win-win for trade finance
After leaving banking, they decided to create a solution that would help the trade finance and banking industry become more efficient and profitable. TradeAssets is supervised by the Dubai Multi Commo…
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UAE federal bank to sell bond following passage of debt law
Dubai: A federal lender in the UAE will be the first to utilise the country’s newly effective debt law by selling its first bond later this month, according to a senior government official.
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UAE Federal Bank to sell bond after passage of debt law
DUBAI: A federal lender in the United Arab Emirates (UAE) will be the first to utilize the country’s newly effective debt law by selling its first bond later this month, according to a senior governme…
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Emirates NBD sees cash and gold among top investments for 2019
Emirates NBD, Dubai’s biggest bank, said gold and cash tops the list of its preferred asset investments this year, while emerging market equities are attractive in the long term. Well selected hedge f…
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Finablr to go public next month, to be listed on London bourse
UAE-based payments and foreign exchange firm Finablr, the parent company of UAE Exchange, will launch an initial public offering (IPO) next month, its founder and chairman said. “The Finablr IPO will …
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UAE private sector credit growth on recovery path
Dubai: Bank credit to the private sector has started to recover while higher oil revenues have also increased government deposits, further supporting the banking system’s liquidity and private …
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SMEs in Arab world need more bank financing, say government leaders
UAE Central Bank governor, and Ahmed Al Sayegh, minister of state and chairman of the Abu Dhabi Global Market.
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UAE remittance fees rise, but here are cheapest places to send money to
Dubai: Expatriates in the UAE have seen the cost of sending money home getting costlier recently, as service providers have increased remittance fees to as much as 9.75 per cent. Charges for …
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