London IPO of Dubai’s Damac 75% covered

The $500 million London initial public offer of shares by Dubai-based DAMAC Real Estate is 75 percent covered, and the deal is set to price on Tuesday, according to a lead. The property firm opened …

Belhasa Group delays IPO plans amid downturn

The Dubai-based Saif Belhasa Group of Companies, a family owned holding firm, has delayed selling its shares to the public amid the economic downturn, its chairman has told Arabian Business. The firm, …

CBD advances open finance in the UAE

Commercial Bank of Dubai (CBD) has become the first bank in the UAE to enable customers to initiate payments from accounts held with other banks directly through the CBD mobile app. The milestone …