Tag: ipo

ABU DHABI, United Arab Emirates — Leading money transfer, foreign exchange and payment solutions brands, UAE Exchange and Unimoni, have waived service fee on remittances to Kerala Chief Minister’s Dis…
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Profitability for the banks, which include First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank, is likely to continue into 2019, the data showed. The UAE’s four larges…
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First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank posted a combined 21 per cent year-on-year increase in second quarter net profit to Dh8 billion, Moody’s Investors …
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In a major breakthrough in the Rs 5000-crore Sterling Biotech case, authorities in the UAE have detained Nitin Sandesara, the owner of the Gujarat-based pharma group. The company is accused of willful…
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Officials said Sandesara was arrested by Dubai police based on a non-bailable arrest warrant issued by an Indian court. Nitin Sandesara, an absconding director of a Gujarat-based pharma company which …
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The net profit for the first half after considering impact of Emaar Development IPO in 2017 was seen at Dh2.981 billion ($812 million), an increase of 5 per cent over same period last year, it added. …
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The UAE Central Bank has announced the timings for banks during the upcoming Eid Al Adha holiday. According to a letter circulated to all major banks in the UAE, branches are required to be closed fro…
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The Central Bank has announced Eid Al Adha service timings for national banks and major branches in the UAE. Banks will close for the Eid holidays on Monday, August 20, till Thursday, August 23. They …
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The UAE leads the Arab world in competitiveness as increased diversification makes its economy more resilient, according to a study by the World Economic Forum and the World Bank Group. The UAE, ranke…
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Are you working to expand Maybank Islamic into Dubai? It’s something that we’re considering. I think for us it makes sense. We have one branch in the Middle East, it’s under our conventional bank, and …
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The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Islamic Economy Development Centre (DIEDC) today signed a Memorandum of Understanding (MoU), agreeing to share knowledge, promote Shari’ah …
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5 ways to build wealth outside the stock market. If you want to become less dependent on stock-based investments, consider the following strategies. There are private equity funds such as Abraaj Capit…
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The oil giant’s initial public offering at the end of last year was part of a strategy by the UAE, as well as other Gulf nations, to privatize energy sector assets at a time when oil prices were relat…
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On the face of it, Emirates NBD PJSC’s acquisition of Turkey’s Denizbank AS has become about $1 billion cheaper. Still, the deal could prove to be the riskiest yet for Dubai’s biggest bank. Since Emir…
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As part of the ‘Summer of Giving’ campaign, the UAE Bank Food team has distributed 1,000 meals, water and cold juices to the workers at the workers accommodations in Al Muhaisinah 2 area. The team, wh…
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KPMG, in its UAE Banking Perspectives 2017 report, observes that many banks — in the UAE and globally — continue to make decisions “by looking back at what may have gone wrong”. However, that is chang…
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DUBAI/RIYADH/LONDON (Reuters … Taking Tesla private would remove the pressure from Musk coming from hedge funds betting that the company’s stock will drop given its production issues and negative ca…
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