The government of Dubai is the largest shareholder in parent Emaar Properties, while Abu Dhabi has close ties with the Saudi regime. “We are pleased to have received significant retail and institutional support for our IPO, the first in Dubai in three …
( read original story …)
Slight fall in Dubai gold prices as dollar holds up
22-karat gold can be bought for Dh145.25 in Dubai Gold prices inched down on Tuesday … according to Reuters technical analyst Wang Tao. Hedge funds and money managers raised their net long position in COMEX gold by 7,027 contracts to 173,562 contracts …
( read original story …)
Saudi Crackdown Sent Shivers Through the Largest Middle East IPO
The government of Dubai is the largest shareholder in parent Emaar Properties, while Abu Dhabi has close ties with the Saudi regime. “We are pleased to have received significant retail and institutional support for our IPO, the first in Dubai in three …
( read original story …)
UAE banks federation unveils new brand identity
Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity.
( read original story …)
DIB Wins UAE’s Strongest Islamic Retail Bank for 2017
Dubai Islamic Bank, the UAE’s largest Islamic bank, took home the title of ‘Strongest Islamic Retail Bank’ in the UAE 2017 at the Islamic Retail Banking Awards (IRBA) for the third consecutive year. Hosted by Cambridge IF Analytica, the third Islamic …
( read original story …)
Opinion: The UAE’s shift towards becoming a hub for financial innovation
However, the banking sector in the UAE continues to be quite fragmented, with 23 domestic banks and 29 foreign institutions operating onshore, as well as a plethora of alternative finance companies that exist to serve SMEs and retail clients whom have …
( read original story …)
FAB Recognised as Top UAE Financial Institution for Climate Change Action
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has emerged as the highest scoring UAE financial institution for its latest climate change response to global environmental disclosure …
( read original story …)
The United Arab Emirates says it’s on track to go to Mars within three years
It sounds like a challenge of galactic proportions.The United Arab Emirates (UAE) says that despite its space agency only being three years old, it remains on track to launch a probe to Mars by 2020. The Hope probe would touch down on the red planet by …
( read original story …)
Emirates Institute for Banking and Financial Studies Convenes Annual HR Managers Forum
Jamal Al Jasmi, General Manager of the Emirates Institute for Banking and Financial Studies, welcomed 38 HR manager and representatives from various UAE-based banks to the forum, andsaid: “The purpose of the annual HR Forum is to highlight the challenges …
( read original story …)
DIB Wins UAE’s Strongest Islamic Retail Bank 2017 for Third Year in a Row
Dubai Islamic Bank, the UAE’s largest Islamic bank, took home the title of ‘Strongest Islamic Retail Bank’ in the UAE 2017 at the Islamic Retail Banking Awards (IRBA) for the third consecutive year. Hosted by Cambridge IF Analytica, the third Islamic …
( read original story …)
Emaar Development IPO to raise $1.3bn
Listing and trading on the Dubai Financial Market will begin on November 22 with … as the strong retail and institutional investor interest in our IPO places us closer to achieving our vision for the future,” said Emaar Properties Chairman Mohamed …
( read original story …)
Emaar Properties to raise $1.3 bln in development unit’s IPO
valuing the deal at $1.31 billion in Dubai’s first major IPO in three years. The assets of Emaar Development include 49 units in Dubai’s Burj Khalifa, the world’s tallest tower, and a number of projects in Dubai’s prime districts. Emaar Development priced …
( read original story …)
Dubai’s DIFC launches $100m Fintech fund
Dubai International Financial Centre (DIFC) on Tuesday announced the launch of a $100 million FinTech-focused fund to accelerate the development of financial technology. The fund was announced during the inaugural Global Financial Forum, GFF, organised by …
( read original story …)
FundCount Wins Best Client Reporting at the WealthBriefing GCC Region Awards 2017
hedge funds and private equity firms, was awarded Best Client Reporting solution at the WealthBriefing GCC Region Awards ceremony held in Dubai. These prestigious annual awards recognize ‘best of breed’ providers in the global private banking, wealth …
( read original story …)
UAE announces $684 million Raytheon laser guided bomb deal
DUBAI (Reuters) – The United Arab Emirates’ military said on Tuesday it was buying laser guided bombs from U.S. missile maker Raytheon Co. (RTN.N) in a deal worth 2.5 billion dirhams ($684.4 million). The GBU-10 and GBU-12 Paveway laser guided bomb kits …
( read original story …)
New IPO just another part of Emaar’s success story
It’s almost exactly 20 years since chairman Mohamed Alabbar rolled out the first $3 billion Emaar Properties initial public offering (IPO), and I remember that landmark press conference very well. Something remarkable was clearly in the wind. The Dubai …
( read original story …)
UAE plot to wage financial war on Qatar revealed
A United Arab Emirates plan to attack Qatar’s financial system has been revealed in a folder of an email account belonging to the UAE ambassador to the US, Yousef al-Otaiba. The Intercept, a US-based investigative website, obtained the folder and exposed …
( read original story …)