Tag: ipo

The United Arab Emirates extends its economic support program launched in response to the coronavirus pandemic until the middle of next year, the Gulf state’s central bank said. ( read original story ...)

Ahmed Ibrahim of Ibrahim & Partners considers the scope of application and the expected reactions towards a decree obliging Dubai-based companies to list their shares on Dubai’s stock exchanges ... ( read original story ...)

The first blockchain-based trade finance deal in the global steel industry has been struck – and it involves a UAE-based business. The transaction was done by UAE’s Universal Tubes & Plastic ... ( read original story ...)

Dubai: The Central Bank of the UAE (CBUAE) imposed a financial sanction on an exchange house operating in the UAE for violating the law on Anti-Money Laundering and Combating the Financing of ... ( read original story ...)

HSBC has successfully executed a blockchain-enabled, live trade finance transaction between the UAE’s Universal Tubes & Plastic Industries Ltd and India’s Tata Steel Ltd. The Contour blockchain ... ( read original story ...)

First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Wednesday reported a group net profit of Dh 2.5 billion in the first quarter of 2021, up 3 per cent compared to Dh2.4 billion in the first ... ( read original story ...)

UAE Trade Connect (UTC), a trade finance solution that addresses the risk of double financing and fraud across the United Arab Emirates, has moved into full commercial production. Having been in ... ( read original story ...)

Saudi Tadawul Group has short-listed three local and three foreign banks for potential advisory roles in the financial market company's upcoming initial public offering (IPO), three sources said. ( read original story ...)

Promoter Zurich Capital Funds Group says it plans to line up cross-border alliances Dubai: A Sharia-compliant digital bank has been set up – Rezq/Baraka has launched operations from the UAE and will ... ( read original story ...)

UAE-based Universal Tubes & Plastic Industries and India’s Tata Steel has executed the global steel industry’s first blockchain-based live trade finance deal. The transaction enabled the digitisation ... ( read original story ...)