Orient UNB Takaful IPO more than 13 times oversubscribed

The Orient UNB Takaful IPO size was 600,000 Ordinary Shares representing 30 per cent of the equity of the new Company (AED 60 Million) with a share price of AED 100 plus AED 1 as issuing expenses. Union National Bank is currently working with Dubai ... ( read original story ...)

Going global from the UAE: ShortPoint

The success of the IPO recognised the challenges of going online quickly and ... ShortPoint is a global business built out of the UAE. It leverages all the support that Dubai offers - safety, networking, access, mentorship, hub facilities. ( read original story ...)

Saudi Aramco: Behind The World’s Biggest IPO

But an IPO of Saudi Aramco is the world’s top crude producer’s way of responding to the current oil price rout. The listing of about 5% of Aramco was part of an economic shakeup announced by the influen­tial Deputy Crown Prince Mohammed bin Salman in ... ( read original story ...)

UAE Food Bank: Hundreds of eateries, stores join initiative

During its first five days agreements signed with 85 hospitality-sector entities, including hundreds of restaurants and over 100 supermarkets. The initial strategic plan for the UAE Food Bank has been inspected by its Chairperson Shaikha Hind bint Maktoum ... ( read original story ...)

International organisations keen to work with UAE Food Bank

Dubai: International organisations will reach out to partner with the UAE Food Bank in its fight to eliminate food waste and channel good food to good causes, experts said. The UAE Food Bank’s mechanism and implementing guidelines have yet to be released ... ( read original story ...)

Dubai Financial Market planning to allow short-selling

DUBAI Jan 3 Dubai Financial Market (DFM) , the Gulf's only listed stock exchange, said on Tuesday that it planned to introduce covered short-selling, a move that could increase trading liquidity. "DFM is planning implementation of regulated short-selling ... ( read original story ...)

Dubai Islamic Bank sells stake in Jordanian bank

DUBAI Dubai Islamic Bank DISB.DU (DIB), the largest Islamic bank in the United Arab Emirates, has sold its stake in Jordan Dubai Islamic Bank, it said on Wednesday, as it chases growth in fledgeling Islamic banking markets. The Jordanian bank has ... ( read original story ...)

Akin Gump promotes 10 to partnership

Fadlallah leads the firm’s international trade practice in Dubai. He focuses his practice on the application ... He provides counselling to private equity funds, hedge funds, institutional investors and portfolio companies on a variety of financing ... ( read original story ...)

Shaikh Mohammad Bin Rashid launches Emirates Food Bank

Vice-President and Prime Minister of the UAE and Ruler of Dubai, launched the Emirates Food Bank as a humanitarian foundation that aims to inculcate the values of generosity and offering food, establishing Dubai as the region’s first city in achieving ... ( read original story ...)