(MENAFN – Khaleej Times) Dubai Islamic Bank outlined its plans on Monday to acquire Noor Bank, another Shariah-compliant financial institution based in Dubai, to emerge as the region’s most …
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Network International joins FTSE 250 Index after London IPO
UAE Exchange and Xpress Money. The company’s London IPO valued the company at $1.6bn and attracted institutional investors including BlackRock, Columbia Threadneedle Investments and Norges Bank. There …
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Egypt to launch second phase of state IPOs in September
Cairo – Mubasher: Egypt’s government will commence the second phase of the state’s initial public offering (IPO) programme in September as planned, the public enterprise minister told Enterprise. The …
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Mena records one IPO valued at $58.3mln in Q1: EY
“Economic reforms and market development initiatives are high on the agenda of regional governments, particularly in Saudi, Egypt and the UAE, which will pave the way for a buoyant Mena IPO market in …
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What next for the Uber, Beyond Meat and Luckin IPO deals?
The ethical treatment of animals is a cause core to my being so I became a cheerleader for Beyond Meat, though I know nobody in the UAE who was allocated shares in the $240 million IPO in early May. …
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Eyewear retailer Magrabi eyes global expansion
UAE-based eyewear retailer Magrabi plans to expand globally and … Magrabi also said that the company plans to launch an e-commerce website in 2020 and is still considering an IPO. This Ramadan, …
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Saudi Arabia records one IPO in Q1 in 2019
Economic reforms and market development initiatives are high on the agenda of regional governments, particularly in Saudi, Egypt and the UAE, which will pave the way for a buoyant MENA IPO market in …
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Uber’s second-in-command, chief marketing officer depart in post-IPO shake-up
“There’s never really a right time to announce departures or changes like this, but with the IPO behind us, I felt this was a good moment to simplify our org and set us up for the future,” …
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Uber’s $1.3 Billion Acquisition Of Careem Gets UAE Regulator’s Nod
The deal has now received approval from the UAE Ministry of Economy … in the first quarter of 2019 and has been under the spotlight for its less than stellar IPO. Compounding the San Francisco-based …
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Global funds favouring bond over equity markets in the Middle East
The last initial public offering in the United Arab Emirates was in 2017. Once debt-averse … Just as the debt market was opening up, an IPO drought settled over the region, and it shows no sign of …
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Dubai unveils new insolvency law
The Dubai International Financial Centre (DIFC) has introduced a new insolvency law, which will place the financial centre in line with best practices and at the forefront of complicated debt …
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Dubai rare coins firm plans IPO in Stockholm
Numisbing, a Dubai-based numismatics and arts company, is planning to IPO on Nasdaq First North Stock Exchange in Stockholm, Sweden, next month. The company, valued at AED100 million with 75 percent …
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UAE ranks second in global token sales
The Abu Dhabi Global Markets and Dubai International Financial Centre free zones already have blockchain-specific regulations in place. Not only that but UAE and Saudi-Arabias’ central banks are also …
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Dubai Islamic Bank Board Recommends Buying Local Competitor
Dubai Islamic Bank PJSC is proceeding with plans to acquire a smaller local rival as the United Arab Emirates’ biggest Islamic lender joins a regional wave of mergers and acquisitions. The shares …
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Demand for Islamic banking to drive profitability in UAE
Dubai: Emirates Islamic, belonging to Emirates NBD Group, is gaining traction in asset growth, profitability and asset quality, thanks to strong demand for Islamic banking services, a sharply focused …
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Retail banking strategy to drive asset growth
Dubai: Emirates Islamic’s balance sheet is dominated by retail banking assets and going forward, this will continue to be the key driver of both asset growth and profitability, said Wasim Saifi, …
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Qatar imposes additional restrictions on UAE’s largest bank
DUBAI (Reuters) – Qatar has placed further restrictions on First Abu Dhabi Bank, the United Arab Emirates’ largest lender, as it continues a probe into alleged currency manipulation begun after the …
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