IPO-bound PB Fintech, an online financial services marketplace … On international expansion, he said that the company has now got a presence in Dubai and sees lot of potential to grow in UAE. Going …
( read original story …)
Fertiglobe completes IPO listing on ADX
Fertiglobe is the first free zone and ADGM company to be listed and traded on an onshore stock exchange in the UAE. Furthermore, raising over $795 million, the Fertiglobe IPO is the third largest ever …
( read original story …)
EFG Hermes completes advisory on Fertiglobe’s $795m IPO on ADX
UAE retail investors will be allocated a 10 per cent tranche … “In the wake of our successful back-to-back financial advisory on Adnoc Drilling’s milestone IPO on the ADX and ACWA Power’s pivotal …
( read original story …)
Mubadala-backed GlobalFoundries raises $2.6b in mega IPO
This is the third largest listing on US exchange this year Dubai: Chipmaker GlobalFoundries … Korean ecommerce firm Coupang’s $4.55 billion IPO and Chinese ride-hailing company DiDi Global …
( read original story …)
Gang offering ‘fake’ massage sentenced to three years in prison in Dubai
Women threaten man with a knife, force him to transfer Dh250,000 from his bank account Dubai: A gang was sentenced to three years in prison for robbing Dh280,000 from a Dubai-based expatriate man …
( read original story …)
UAE’s biggest bank FAB records a robust Dh9.2b net profit for first nine months of 2021
FAB confirms all-round gains from core businesses and ‘strategic initiatives’ Dubai: the biggest bank In the UAE, Abu Dhabi’s FAB, recorded a sharp 26 per cent Increase In nine-month net profits …
( read original story …)
Hedge fund manager set up Irish fund to carry out cum-ex scheme
A Dubai-based hedge fund manager set up a fund in Ireland to claim tens of millions of euro in tax refunds from European authorities in trades now under investigation for suspected tax evasion. The …
( read original story …)
We were considering an international listing until this year: PolicyBazaar founders
PB Fintech, which owns insurance aggregator PolicyBazaar, credit marketplace PaisaBazaar and digital health venture DocPrime is expected to use the proceeds from the IPO towards expansion, expanding o …
( read original story …)
First Abu Dhabi Bank Cuts API Operational Costs by 57% With Kong
First Abu Dhabi Bank modernizes infrastructure with Kong’s service connectivity platform and speeds time to market for mobile banking application …
( read original story …)
Commercial Bank of Dubai’s net profit rises to $286mln
UAE lender Commercial Bank of Dubai (CBD) reported a strong financial performance for the first nine months of the year, supported by improving business conditions. The bank’s net profit for the first …
( read original story …)
Dubai Islamic Bank MD hails emirate’s recovery as Q3 profits increase 19%
Largest Islamic bank in the UAE saw total income increase in the third quarter to reach AED8.9bn, up four percent from Q2 …
( read original story …)
Dubai Islamic posts 9-month income at $2.4bn
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has posted a net income of AED8.9 billion ($2.4 billion) during the first nine months of the year, marking a quarter-on-quarter increase …
( read original story …)
Startup Digest: IPO-bound Snapdeal strengthens board, Chalo acquires Shuttl, BharatPe moves Delhi HC against PhonePe’s PE trademark
SoftBank-backed Snapdeal has strengthened its board ahead of Rs 3,000 crore ($400 million) IPO by appointing ESG focussed Directors. To join Snapdeal’s board are – Kaushik Dutta, Chairman of Zomato …
( read original story …)
Dubai finance agency (DFSA) to regulate investment tokens
Dubai’s Financial Services Agency (DFSA) announced new rules for ‘investment tokens,’ which can represent securities or be derivatives.
( read original story …)
Regulator for Dubai’s DIFC issues first part of digital assets framework
DUBAI- The regulator for DIFC, Dubai’s state-owned financial free zone and the Middle East’s major finance centre, has released the first part of a regulatory framework for digital tokens aimed at …
( read original story …)
Middle East investor relations leaders highlight importance of ESG amid growing capital markets scene
Middle East Investor Relations Association conference highlights the latest developments in regional IR landscape with a focus on ESG …
( read original story …)
Will gold prices rise during November?
Will the dollar downturn cause gold prices to go even higher next month? Read on. What’s the current gold rate? Gold prices fell on Tuesday morning weighed down by an uptick in the dollar but it was …
( read original story …)