Reem Finance has partnered with software provider Temenos to launch its new digital community bank in the UAE. This initiative is part of Reem Finance’s strategy to drive digital transformation and …
UAE: Talabat increases IPO size to 20% due to strong investor demand
Based on the unchanged price range for the sale of its shares of Dh1.50 to Dh1.60, the revised IPO size is expected to rake range between Dh7 billion and Dh7.5 …
UAE, Jordan boost economic ties
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, met on Friday with Dr Abdelhakim Shibli, Minister of Finance of the Hashemite Kingdom …
Reem Finance taps Temenos to power a digital community bank in the UAE
Reem Finance, a corporate and retail finance specialist licensed and regulated by the UAE Central Bank, has selected Temenos to power a new digital community bank in the United Arab Emirates.
Talabat raises $2bn in Dubai IPO as Gulf flotations shine
Abu Dhabi’s state energy company floated its fuel distribution unit in 2017, raising about $850mn. Dubai’s state utility company raised $6.1bn in 2022, and state parking group Parkin raised $429mn …
Delivery Hero’s Talabat Prices IPO at Top End of Range; Values Firm at $10.1 Billion
Delivery Hero’s Talabat priced its Dubai initial public offering at the top end of the previously announced range, implying a market value of around $10 billion.
Dubai Islamic Bank donates $1.36mln to Faraj Fund to support insolvent inmates
This support enabled the release of 85 financially insolvent inmates and convicts from penal and correctional institutions across the UAE …
Delivery Hero’s Talabat sets Dubai IPO price at top end, to raise $2 bln
Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering in the United Arab Emirates, after its parent …
UAE: Talabat raises Dh7.5 billion in largest global tech IPO so far this year
Talabat has announced the successful completion of the bookbuild and public subscription process for its initial public offering on the Dubai Financial Mar..
UAE: Talabat raises Dh7.5 billion in largest global tech IPO so far this year
Talabat has announced the successful completion of the bookbuild and public subscription process for its initial public offering on the Dubai Financial Mar..
Delivery Hero sets final price in Talabat’s Dubai IPO at $0.44 per share
Delivery Hero has set the price for the IPO of its Middle Eastern unit, Talabat, at 1.60 UAE dirhams ($0.44) per share. It will raise AED 7.5 billion ($2 billion) in gross proceeds from its IPO on the …
Iran Oil Kingpin’s Hedge Fund Is Preparing to Shut London Office
A hedge fund that’s said to be part of a network overseen by Iranian oil trader Hossein Shamkhani has told its London employees that the firm will go into liquidation, according to people familiar …
UAE: Nasdaq Dubai celebrates China’s listing of 2 bln-USD sovereign bonds
Zhang Yiming, Chinese Ambassador to the UAE, Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM) along with other officials and guests attended the ceremony. It also marks a milestone as …
Bank of Communications Co. Ltd. expands global footprint in the Middle East with DIFC Branch
Bank of Communications is the fifth largest bank in China and the fifth Chinese bank to open an office in DIFC …
Bank of Communications expands global expansion via DIFC branch
Bank of Communications has launched its new office in DIFC to promote economic, trade and investment cooperation between China and the Middle East, Africa, and South Asia region …
Ministry of Finance advances govt finance statistics in UAE
The Ministry of Finance (MoF), in collaboration with the Technical Team of the Government Financial Policy Coordination Council, has conducted a series of …
Ministry of Finance advances government finance statistics in UAE
These visits reaffirm the Ministry’s commitment to strengthening partnerships and fostering collaboration nationwide …