The greenfield IPO of Orient UNB Takaful PJSC (Orient UNB) in Q2 of 2017 represents the first IPO on the Dubai Financial Market (DFM) since the IPO of Dubai Parks and Resorts in 2014. According to EY, the GCC saw 13 IPOs raised in the first half …
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16 MENA IPOs Recorded in H1 2017: EY
H1 2017 saw US$ 788 million in capital raised IPO of ADES International Holding Ltd. largest in MENA at US$ 243.5 million Dubai, UAE – 26 September 2017: In the first half of 2017, MENA IPO activity witnessed 16 deals, representing a 100% increase when …
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Sluggish mood remains on Dubai index, as traders seek catalysts
with some of the positive catalyst like Emaar IPO, good quarter for blue chip companies,” said Tariq Qaqish, Managing Director — Asset Management at Menacorp. The Dubai Financial Market General Index closed 0.06 per cent higher at 3,563.99. The Dubai …
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Aramco listing reshapes Saudi Arabia’s OPEC oil policy
DUBAI/LONDON (Reuters) – Saudi Arabia’s plans to float state … But the fact such a move was considered shows how Aramco’s initial public offering (IPO) – expected to be the biggest in history – is forcing the kingdom to rethink its OPEC policies.
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UAE, Saudi IPO pipeline for H2 2017 looks strong: …
The greenfield IPO of Orient UNB Takaful in Q2 of 2017 represents the first IPO on the Dubai Financial Market since the IPO of Dubai Parks and Resorts in 2014. The company raised $16.3 million. While Emirates NBD Asset Management raised $105 million by …
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Saudi Arabia’s regulator set to ease share listing, M&A with new rules
The exchange, which itself is planning an IPO, is doing “due diligence” on all aspects of … newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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UAE one of best countries to live and work: HSBC report
finance and healthcare. It also attracted positive feedback in the family category, scoring the most in the area of childcare quality, as well as quality of life and tolerance. More than half (55 per cent) of expats in the UAE said their work-life balance …
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Rich are getting richer: Global HNWI wealth hits $63.5T
Alternative investments, such as hedge funds, derivatives, foreign currency … Knight Frank’s 2017 Wealth Report has ranked Dubai fourth in the world on its list of cities with the biggest inflow of HNWIs. Dubai attracted about 2,000 of these very …
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Remittances by foreign workers in UAE reaches Dh78 billion
The UAE Central Bank announced that the same figure reached Dh40.8 billion during the second quarter of 2017, an approximate increase of 10 per cent, compared to Dh37.1 billion in the first quarter of the same year. According to the bank’s data …
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Fujitsu backs Lebanese bank in digital growth
Japan-based Fujitsu, a leading ICT company, has announced a new contract with BBAC, a top bank in Lebanon, to drive its enhanced digital transformation at the 10thFujitsu World Tour 2017 being held in Dubai, UAE. Fujitsu will support BBAC in a full data …
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MIDEAST STOCKS-Banking shares support Saudi in early trade
DUBAI, Sept 28 (Reuters) – Banking shares helped take the Saudi index slightly higher in early trade on Thursday after news that the government has priced a $12.5 billion international bond issue, while the rest of the region was mixed. The sovereign bond …
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Is the bitcoin bubble about to burst?
says one hedge fund manager and bitcoin fan … while bra baroness Michelle Mone has said she will accept bitcoin as payment for lavish Dubai flats. Outside the financial world, bitcoin remains little understood. Notably, Google’s auto-complete …
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Emirates NBD calls on central bank to ease restrictions on mortgage lending
Emirates NBD, Dubai’s largest bank by assets, wants the UAE Central Bank to ease restrictions on mortgage loans by separating housing finance from the bracket of funding extended to the real estate and construction sectors, a move the bank hopes will …
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UAE Ministry of Finance: UAE Ranked First Globally in the ‘Efficiency of Government Spending’ Index
The Ministry of Finance announced that the UAE was ranked first in the ‘Efficiency of Government Spending’ index, a sub-criteria of the World Competitiveness Report 2017- issued by the World Economic Forum (Davos) in Switzerland, having ranked second …
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UAE tops world in efficiency of govt spending index
Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, presented this achievement to Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the …
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Ministry of Finance: UAE ranked first globally in the ‘Efficiency of Government Spending’ index
Since 2010, the UAE has achieved high rankings among the top 10 countries in the “Efficiency of Government Spending” index, where the country rose from the seventh position globally, to third in 2013, and then maintained the status of second worldwide …
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FAB Named Leading Corporate for Investor Relations in the UAE
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been named Leading Corporate for Investor Relations in the UAE at the 2017 Middle East IR Association (MEIRA) Annual Conference, which …
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