We now expect markets to keenly follow Dubai based banks raising their FOL such as Dubai Islamic Bank and Emirates NBD, says Chiro Ghosh, Vice-President, Financial Institutions at SICO Bank.
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Managing dramatic changes in GCC banking and finance industry
AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, noted recently that the UAE banking sector was undergoing an unprecedented period of transformation, with a number of dynamic market forces …
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UAE, South Korea renew Dh20b currency swap…
A currency swap is a tool for defending against financial turmoil by allowing a country beset by a liquidity crunch to borrow money from others with its own currency. The UAE is South Korea’s …
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GCC finance ministers meet
The Finance Ministers of Saudi Arabia, United Arab Emirates, Kuwait and Bahrain met on the sidelines of the 2019 Spring Meetings of the World Bank Group and International Monetary Fund yesterday. …
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Moor, Chakabva star as Zimbabwe edge UAE in rain-hit match
A superb fighting partnership of 93 between PJ Moor (45 not out) and Regis Chakabva (78 not out) took Zimbabwe from the brink of defeat to an exciting victory by just four runs (Duckworth-Lewis method …
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Kuwait, Saudi, UAE, Bahrain ministers discuss Bahrain Fiscal Balance Program
The officials included Saudi Arabia’s Finance Minister Mohammed Al-Jadaan, UAE Sate Minister for Financial Affairs Obaid Al-Tayer and Bahrain’s Minister of Finance and National Economy Sheikh …
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The Network IPO gets 10 times oversubscription
Dubai: Network International’s initial public … According to a report by Mergermarket Network International’s IPO book saw concentrated allocation with the top 10 investors receiving half …
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The Dis-United Arab Emirates
From the outset, the ruling families of the seven UAE states bickered over everything from territory to sharing financial resources. The Nahayan family used its influence to have Abu Dhabi declared …
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UAE- TMS launches Ship Finance and Trade conference
(MENAFN – Dubai PR Network) Dubai, UAE, April 11, 2019: The Maritime Standard, the Dubai-based publisher and events organisers, has announced that the fifth annual The Maritime Standard Ship …
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Dubai’s Al Noor training centre facing financial crisis
Dubai: The success story of three former students of Dubai’s Al Noor Training Centre for Persons with Disabilities recently hit headlines when they did media coverage of the recent Special …
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Investors keep patience with hedge funds, but seek better deals on fees
This is despite the fact that 68 percent of investors said their hedge fund portfolio underperformed its target return in 2019. Zachary Cefaratti, CEO of Dubai-based fund platform Dalma Capital, said …
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Dubai’s Network International jumps in early trading after $1.4bn London IPO
Network International shares surged in London trading after the payments processor raised 1.1 billion pounds ($1.4 billion) in an initial public offering that’s the biggest listing in Europe so far …
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Dubai stocks see select accumulation as gains mount
The Dubai Financial Market (DFM) general index closed 0.21 per cent higher at 2,807.96, after gaining 7.4 per cent in the past 10 sessions. Emaar Properties shares witnessed late buying.
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UAE’s Finablr weighs London stock market IPO
Finablr, the UAE holding company for businesses including Travelex and UAE Exchange, is planning to sell shares on the London Stock Exchange as it seeks to fund its expansion and reduce debt. The …
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UAE’s Finablr mulls London IPO
ABU DHABI: UAE-based payments and foreign exchange company Finablr is considering a stock market flotation in London that could raise at least $200 million to finance expansion and cut debt. Finablr, …
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Updated: Two UAE firms’ IPOs set to drive M&A deals in Europe’s payment solutions industry – analyst
(Details of Network International’s IPO added to paragraphs 2 and 7). The potential listing of two United Arab Emirates payment firms on the London Stock Exchange could lead to them making …
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Finablr Aiming To Raise $200 Million In IPO
Finablr, a United Arab Emirates (UAE) payments company, is gearing up to launch an initial public offering in the U.K., aiming to raise at least $200 million. Finablr supports cross-border payments …
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