Emaar Properties unit IPO seen reviving primary market

The Dubai Financial Market General Index has returned 3.19 per cent so far in the year due to lower oil prices, compared to a 15 per cent gains in Dow Jones Industrial Average. The UAE market has not witnessed an IPO since 2015, but regionally the amount ... ( read original story ...)

Dubai to leverage its high global financial hub rankings

Dubai: Dubai is seeking to consolidate its growing leadership status in global finance with a combination of initiatives aimed at deepening its financial cluster, enhancing infrastructure, expanding access to talent, and increasing its financial industry ... ( read original story ...)

UAE banks take lead in digitisation and fintech adoption

Dubai: Banks in the UAE are fast realising the challenges and opportunities of fintech revolution. A number of banks have already announced a number of digital banking initiatives, ranging from sperate digital-only banking platforms to strengthening of ... ( read original story ...)

Emaar plans to sell 20% stake in Emaar Development via IPO

The move comes after Dubai's leading property firm announced it had obtained shareholder approval for the sale of up to 30 percent of the unit in a public offering in Dubai. Emaar Development is behind communities in Dubai including Emirates Living ... ( read original story ...)

Emaar plans to sell 20% of its property unit via IPO next month

The move comes after Dubai’s leading property firm announced it had obtained shareholder approval for the sale of up to 30 per cent of the unit in a public offering in Dubai. Emaar Development is behind communities in Dubai including Emirates Living ... ( read original story ...)

Emaar contributes another $16m to UAE talent fund

Emaar Properties has announced an additional contribution of AED62 million ($16.8 million) to Sandooq Al Watan, the philanthropic fund set up by Emirati entrepreneurs and the private sector to nurture UAE youth talents. One of the largest contributors to ... ( read original story ...)

Remit to India in under 60 secs: UAE bank reveals new app

The launch is one of the initiatives under Emirates Islamic’s digitalisation drive to address the growing needs of digital savvy customers in the UAE, it said in a statement. The redesigned Emirate Islamic mobile banking app includes over 25 new services ... ( read original story ...)

Now hiring: Hot sectors and in-demand jobs in UAE

... of value-added tax have brightened the outlook for new hiring in the UAE. The recruitment climate is believed to have plateaued while salaries of accounts and finance experts are projected to see the biggest increase, says a report. "There are some ... ( read original story ...)

Banks boost Saudi on Riyad earnings, Dubai’s DSI jumps

Riyadh Bank is one of first Saudi banks to report * Saudi Kayan climbs on Q3 earnings beat * Dubai's Drake & Scull up more than a third this month * Abu Dhabi's Dana Gas up after reassurance on Kurdistan * Egypt's Alexandria Flour Mills leaps on dividend ... ( read original story ...)