Dubai’s ENOC said to hold talks over IPO of retail unit

Emirates National Oil Co, the state-owned oil refiner in Dubai, has held discussions with banking advisers for a potential initial public offering of its fuel-retailing unit, on the heels of a similar move in Abu Dhabi, according to people familiar with ... ( read original story ...)

Emaar shareholders to get $1bn windfall after unit IPO

“Already a flagship brand and a market leader in Dubai, our successful IPO demonstrates that regional and international investors are excited by our proven business model,” he said. “We are confident that this is just the beginning of a bright future ... ( read original story ...)

Revealed: where UAE investors are buying overseas property

Property remains the preferred investment asset by UAE residents for 2018, according to a new survey. The annual YouGov survey conducted by IP Global has confirmed that 40 percent of UAE residents are planning to invest in property in the UAE and 18 ... ( read original story ...)

Central Bank issues commemorative coin

The UAE Central Bank today announced the issuing of a commemorative silver coin on the occasion of the official opening of Oumolat Security Printing. The coin, with a face value of AED50, has the following specifications; diameter: 38.61 mm, weight ... ( read original story ...)

Dividends expected to drive UAE bourses

even as expectations of good fourth quarter results from banks like Dubai Islamic Bank and Emirates NBD this week could trigger more money in the market from traders, who have been on sidelines for months. The Dubai Financial Market general index started ... ( read original story ...)

VAT and other Dirhams at work: Any fears for UAE economy?

Abdullah Al Saleh, undersecretary of the ministry of economy for foreign trade, citing a forecast by the UAE Central Bank, said UAE’s economy is expected to grow at nearly 4% in 2018 helped by more inflows of foreign direct investment (FDI), as well as ... ( read original story ...)

UPDATE 2-First Abu Dhabi Bank issues $610 mln Formosa bond

DUBAI, Jan 15 (Reuters) - First Abu Dhabi Bank, the largest bank in the United Arab Emirates, has issued a $610 million Formosa bond, it said on Monday, confirming an earlier Reuters report. Formosa bonds are sold in Taiwan by foreign borrowers and are ... ( read original story ...)