DUBAI, Sept 18 (Reuters) – Oman’s OQ Gas Networks (OQGN), the pipeline business of state oil giant OQ, has set the offer price range for its initial public offering (IPO), it said in a regulatory …
Baker McKenzie bolsters Middle East banking and finance practice with new partner hire in the UAE
Dubai, UAE: Leading international law firm Baker McKenzie has hired Adil Hussain from Clyde & Co as Partner and Head of the Banking & Finance practice in the UAE, and Global Head of Islamic Finance.
Dubai Sustainable City Developer Considering 2024 IPO
SEE Holding, which developed the Middle East’s first residential community to achieve net zero, is considering an initial public offering of its Sustainable City entity in the United Arab Emirates, …
Top UAE banks’ combined H1 2023 profit hits $7.4bn
UAE’s banking sector continues to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape.
Uae Records Fiscal Surplus As Revenues Grow 31.8% In 2022
The government recorded a fiscal balance surpin 2022 as revenues grew at a staggering 31.8 per cent, supported by high oil prices, increased tax rev …
UAE government revenues grow 31.8% in 2022
The UAE government revenues grew at a staggering 31.8 per cent last year, supported by high oil prices as well as strong growth in the …
UAE bank launches app for visually impaired in first service of its kind
A UAE-based bank has updated its app with a screen reader to serve people with visual disabilities as the first service of its kind in the country. This came after a visually challenged customer …
UPDATE 1-Saudi-backed oil and gas driller ADES expected to price IPO at top of range
By Hadeel Al Sayegh and Pablo Mayo Cerqueiro DUBAI/LONDON, Sept 14 (Reuters) – Oil and gas driller ADES Holding is expected to price its initial public offering (IPO) at the top of a range announced …
UAE to circulate COP28 draft declaration on food security
In an interview, UAE’s climate change and environment minister Mariam Al Mehairi said COP28, under the UAE presidency, aims to transform food systems to ensure that it is part of national climate …
Dubai’s FIVE Hotels Publishes Financial Results for First Time
One of Dubai’s top hotel holding companies suddenly posts two and … FIVE Holdings declined to comment when asked by Skift whether it was considering an IPO. FIVE shared the results on its website, …
Dubai and Hong Kong Signs Memorandum of Understanding To Promote Financial Cooperation, Including Virtual Assets
The MoU will facilitate policy communication between the two cities to explore development in family offices, fintech, green and sustainable finance.
ICEBERG Financial Takes Centre Stage at Dubai Forex Exhibition: New Offerings, Personalized Meetings, and Exclusive Gifts Await
Dubai, United Arab Emirates–(Newsfile Corp. – September 15 … Together, let’s explore innovations that promise to shape the future of investments and finance. Media Contacts: Name: Public Relation : …
New UAE lending rules: Banks need to give serious thought to ‘sufficient’ loan guarantees
UAE lenders must fine-tune their understanding of collateral needs to gel with courts Financial institutions in the UAE may need to re-assess their loan books in response to two recent banking law …
Standard Chartered and Dubai Department of Economy and Tourism sign cooperation agreement
Hong Kong – Standard Chartered announced the signing of a Cooperation Agreement with Dubai Department of Economy and Tourism to jointly promote business growth and development opportunities between …
CORRECTED-PIF-backed oil and gas driller ADES expected to price IPO at top of range
By Hadeel Al Sayegh and Pablo Mayo Cerqueiro DUBAI/LONDON, Sept 14 (Reuters) – Oil and gas driller ADES Holding is expected to price its initial public offering (IPO) at the top of a range announced …
Arm’s IPO Is Big—But Not That Big in Historical Terms
At roughly $5 billion, today’s Arm Holdings IPO is expected to be the biggest initial public offering of 2023. It gives the chip designer a market value of …
UAE police say they have seized $1 billion worth of Captagon amphetamines hidden in doors
DUBAI, United Arab Emirates (AP … They say that has given Assad’s rule a massive financial lifeline at a time when the Syrian economy is crumbling. The Syrian government and Hezbollah deny the …