The IPO has a price band of Rs 685-700 per share … planning to acquire up to 20% stake in an oil field belonging to Abu Dhabi National Oil Company in UAE. According to the Oil India’s CMD, 20% stake will be a consortium of BPCL, ONGC Videsh Ltd, Oil …
( read original story …)
Popularity of Islamic banking products slumps in the UAE
The number of UAE consumers applying for Islamic banking products has declined since last year, according to a new study from yallacompare, the Middle East comparison website. Yallacompare data revealed during the first half of 2017 10.5 percent fewer …
( read original story …)
Now we can finally live like The Jetsons
Only when society “breaks free of the dead hand of the hedge-fund managers and CEOs” will “our imaginations … Airbus, Google and Toyota are also investing in flying motors, and in Dubai the authorities have announced trials of an air-taxi service …
( read original story …)
Dubai’s DIFC launches The Academy centre of excellence
Dubai International Financial Centre (DIFC) has announced the launch of The Academy, a state-of-the-art facility for the promotion of excellence in business and financial services. The Academy will form partnerships with leading business schools and …
( read original story …)
Financial regulators of Japan and Abu Dhabi Global Market cooperate on FinTech
UAE. The Financial Services Agency of Japan (‘FSA’) and the Financial Services Regulatory Authority (‘FSRA’) of Abu Dhabi Global Market (‘ADGM’) today announced the completion of a framework for co-operation to promote innovation in financial …
( read original story …)
Dubai hospital operator secures $100m financing deal
Dubai. The capital raised from the Shari’a-compliant syndicated finance will be used for the operation and expansion of the hospital complex, allowing Saudi German Hospital to offer more specialised treatments and services to its customers, a statement said.
( read original story …)
Accountant Finance Business Analyst (Leading FMCG Multinational) Excellent Career – FORTE ICT – Dubai Jobs
• Provide Accountancy Business Analysis requisite support to Director Finance in analyzing and monitoring key business metrics through regular interaction with Business Unit teams. • Participate in annual business planning exercise. • Monitor working …
( read original story …)
Brand survey reveals loyalty levels among UAE banks
published by London-based Brand Finance explores changing customer opinions across 22 markets. Based on feedback from 19,000 respondents, the report identifies those bank brands most likely to lose customers to the competition. In the UAE, 34 percent of …
( read original story …)
Dubai’s star rating system relevant for regulatory standards but less so for consumers
XVA Art Hotel Dubai general manager Moses Barnabas and Four Seasons Dubai International Finance Centre general manager Carlo Stragiotto as participants while CEO & senior partner of International Hospitality Consulting Group (INHOCO) Rupprecht Queitsch …
( read original story …)
Emirates NBD most trusted lender in UAE, Brand Finance Banking survey finds
Emirates NBD, Dubai’s biggest bank by assets, is the most trusted local lender in the UAE and has the most loyal customers, according to a survey by Brand Finance Banking. Bank clients surveyed by Brand Finance Banking, based in the UK, found that 74.6 …
( read original story …)
Why Real Estate Industries in Miami and UAE are Embracing Bitcoin
Inside Fintech Conference & Expo explores Fintech 3.0, including Blockchain technology and other decentralized solutions for financial processes, and its impact on the global financial ecosystem. Hear from the finance industry’s most forward thinking …
( read original story …)
Saudi regulator gives nod to Awazel’s IPO plans
Dubai: The Capital Market Authority (CMA) said on Thursday it has approved the Arabian Waterproofing Industries’ (Awazel) plan to offer 30 per cent or 8.1 million shares of the company’s share capital through an initial public offering. “A portion of …
( read original story …)
Adnoc said to consider IPO for shipping business
The UAE is the fourth-largest member in the Organisation of Petroleum … Emirates Global Aluminium, the largest aluminium producer in the Middle East, is considering an IPO that could raise about $3 billion. Saudi Arabia, the largest Gulf Arab economy …
( read original story …)
Abu Dhabi targets IPOs worth $5b ahead of Saudi Aramco
Dubai/Abu Dhabi: Abu Dhabi is hoping to fast-track at least $5 billion (Dh18.3 billion) of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighbouring Saudi Arabia …
( read original story …)
Abu Dhabi targets IPO frenzy ahead of Saudi Aramco
DUBAI: Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighboring Saudi Arabia, Abu Dhabi is restructuring …
( read original story …)
MIDEAST MONEY-Abu Dhabi targets IPOs worth $5 bln ahead of Saudi Aramco
DUBAI/ABU DHABI, Sept 20 (Reuters) – Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighbouring Saudi …
( read original story …)
Mof Receives a Delegation From the Ministry of Finance of the Kingdom of Saudi Arabia
In a bid to strengthen its relations with regional and global entities, the UAE Ministry of Finance (MoF) received today a delegation from the Ministry of Finance of the Kingdom of Saudi Arabia (KSA) in its premises in Dubai. The meeting aimed to exchange …
( read original story …)