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 …
Bank of Communications Opens DIFC Branch in Dubai
Bank of Communications Co (HK:3328) has released an update. Bank of Communications Co. has inaugurated its DIFC Branch in Dubai, marking its first …
Leading UAE banks invest in LoanBook to boost loan syndication across EMEA
The investment with the leading UAE banks will allow LoanBook to deliver transformative solutions to the loan capital markets through significant resources, scale, and industry support …
UAE corporate profits buck declining GCC trend
Q3 2024, aggregate net profits reported by companies listed on GCC exchanges declined by 3.3 per cent year on year du …
Nasdaq Dubai celebrates the listing of $2bln bonds by China’s Ministry of Finance
Dubai – Nasdaq Dubai today celebrated the listing of USD 2 billion bonds issued by the Ministry of Finance of the People’s Republic of China. This marks a milestone as the first time China has listed …