Emaar unit’s $1.5bn IPO fully subscribed within hours

The IPO is an “opportunity to invest in the future of Dubai as we continue to build iconic freehold master-planned communities,” Emaar chairman Mohamed Alabbar said in the statement. Emaar Development has a clear growth strategy, projects in premium ... ( read original story ...)

Dubai spends $27m to promote African investment opportunities

Goolam Ballim, Chief Economist at the Africa’s largest financial services provider Standard Bank said Dubai Chamber held the conference to help bridge the information gap between investors and African companies, so they can tap the continent’s massive ... ( read original story ...)

Emaar seeking to raise $1.5bn from development unit IPO

Emaar, Emaar Malls and the company’s units in Saudi Arabia and Egypt are already listed. The IPO is an "opportunity to invest in the future of Dubai as we continue to build iconic freehold master-planned communities," Emaar Chairman Mohamed Alabbar said ... ( read original story ...)

Emaar to raise up to $1.5bn in IPO of domestic development arm

Dubai property giant Emaar is looking to raise as much as $1.5bn from the initial public offering of its domestic development arm on Thursday. The IPO of Emaar Development opens today, offering 20 per cent of the share capital at an indicative price range ... ( read original story ...)

Emaar Development expects to raise up to $1.5bn in Dubai IPO

Emaar Development, a unit of Dubai property firm Emaar Properties, has set an indicative price range for its initial public offering, which would value the deal at Dhs5.52bn ($1.5bn) at the top end of the range. This is the first major listing in Dubai ... ( read original story ...)

Hackers move beyond banking to target cryptocurrency: study

Illustrating the fact that the traditional financial industry is also not safe, in the past few weeks, Group-IB has found that 228 bank accounts and nearly 2,000 credit cards have been compromised in the UAE alone, and an additional 5,738 account details ... ( read original story ...)

New law allows Dubai’s non-Muslims to write wills

Non-Muslims living in Dubai will be able to create a will under new laws issued by Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, UAE Vice President and Prime Minister. The law, which is applicable to the wills and assets of non-Muslims based in ... ( read original story ...)