The initial public offering of Finablr, the UAE-based holding company behind payment and foreign exchange brands UAE Exchange, Travelex Holdings and Xpress Money, will allow the firm to scale up its …
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Finablr’s $200m IPO expected to be complete by mid-May
The initial public offering of Finablr, the UAE-based holding company behind payment and foreign exchange brands UAE Exchange, Travelex Holdings and Xpress Money, will allow the firm to scale up its …
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Dubai’s Emirates NBD posts 15% rise in net profit beating estimates
Net profit in the first three months of the year increased to Dh2.7 billion, the lender said in a statement on the Dubai Financial Market, where its shares are traded. The bank’s results beat the …
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ADIB to market the Islamic Leasing and Finance Opportunities Fund I (USD) exclusively to its clients
The agreement makes ADIB the first bank to distribute the Islamic Leasing and Finance Program “ILF Program” in the UAE Abu Dhabi: Abu Dhabi Islamic Bank (ADIB) has signed an agreement with WCP …
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Finablr plans to use London IPO proceeds for expansion
Finablr, the payments firm that owns Travelex and UAE Exchange, plans to use the proceeds of its $200m London initial public offering next month to fund an expansion plan and cut debt. The United Arab …
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Arabian Centres plans largest Saudi IPO in five years
Dubai: Saudi Arabia-based mall developer Arabian Centres Company is planning to hit the primary market through an Initial Public Offering (IPO) to raise up to $1 billion (Dh3.67 billion), which …
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Dubai bourse traded volume hits 1-year high
Traded volume on the Dubai Financial Market (DFM) reached 440 million shares, breaching December’s level of 343 million shares. Union Properties was the main contributor to the traded volume.
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How the UAE, Saudi Arabia are forging closer ties
The Finance and Investment Committee is co-chaired by Obaid bin Humaid Al Tayer, UAE Minister of State for Financial Affairs, and Hamad bin Abdullah Al Jada’an, Saudi Finance Minister. The Energy & …
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Dubai’s biggest bank celebrates listing of $1bn bond
The total value of all conventional bonds listed on Nasdaq Dubai has now reached $18.08 billion. Hesham Abdulla Al Qassim, vice chairman and managing director of Emirates NBD, rang the market-opening …
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Best’s Special Report: UAE Takaful Companies Catching Up with Conventional Peers
In its analysis of the preliminary disclosures of the nationally listed Takaful operators on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), AM Best shows material …
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Dubai regulator in contact with US authorities about Abraaj case
Dubai’s financial services regulator said on Monday that it was in touch with the U.S. Securities and Exchange Commission about the latest case involving collapsed private equity firm Abraaj.
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Dubai financial services authority says investigation into Abraaj is ongoing
DUBAI (Reuters) – Dubai’s financial services authority (DSFA) said on Monday its investigation into collapsed Dubai private equity firm Abraaj Capital Ltd and relevant companies and persons was …
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Azizi Developments partners with Dubai Islamic Bank to provide exclusive home buying solution
Mr. Varun Sood, Chief of Home Finance, Dubai Islamic Bank commented: As the largest home finance provider in the UAE, we continue to shape the dynamic skyline of the country and provide our customers …
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Now, Dubai-based banks eyed for FOL hike
We now expect markets to keenly follow Dubai based banks raising their FOL such as Dubai Islamic Bank and Emirates NBD, says Chiro Ghosh, Vice-President, Financial Institutions at SICO Bank.
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Managing dramatic changes in GCC banking and finance industry
AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, noted recently that the UAE banking sector was undergoing an unprecedented period of transformation, with a number of dynamic market forces …
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UAE, South Korea renew Dh20b currency swap…
A currency swap is a tool for defending against financial turmoil by allowing a country beset by a liquidity crunch to borrow money from others with its own currency. The UAE is South Korea’s …
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GCC finance ministers meet
The Finance Ministers of Saudi Arabia, United Arab Emirates, Kuwait and Bahrain met on the sidelines of the 2019 Spring Meetings of the World Bank Group and International Monetary Fund yesterday. …
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