UAE, Saudi IPO pipeline for H2 2017 looks strong: …

The greenfield IPO of Orient UNB Takaful in Q2 of 2017 represents the first IPO on the Dubai Financial Market since the IPO of Dubai Parks and Resorts in 2014. The company raised $16.3 million. While Emirates NBD Asset Management raised $105 million by ... ( read original story ...)

UAE one of best countries to live and work: HSBC report

finance and healthcare. It also attracted positive feedback in the family category, scoring the most in the area of childcare quality, as well as quality of life and tolerance. More than half (55 per cent) of expats in the UAE said their work-life balance ... ( read original story ...)

Rich are getting richer: Global HNWI wealth hits $63.5T

Alternative investments, such as hedge funds, derivatives, foreign currency ... Knight Frank's 2017 Wealth Report has ranked Dubai fourth in the world on its list of cities with the biggest inflow of HNWIs. Dubai attracted about 2,000 of these very ... ( read original story ...)

Remittances by foreign workers in UAE reaches Dh78 billion

The UAE Central Bank announced that the same figure reached Dh40.8 billion during the second quarter of 2017, an approximate increase of 10 per cent, compared to Dh37.1 billion in the first quarter of the same year. According to the bank's data ... ( read original story ...)

Fujitsu backs Lebanese bank in digital growth

Japan-based Fujitsu, a leading ICT company, has announced a new contract with BBAC, a top bank in Lebanon, to drive its enhanced digital transformation at the 10thFujitsu World Tour 2017 being held in Dubai, UAE. Fujitsu will support BBAC in a full data ... ( read original story ...)

MIDEAST STOCKS-Banking shares support Saudi in early trade

DUBAI, Sept 28 (Reuters) - Banking shares helped take the Saudi index slightly higher in early trade on Thursday after news that the government has priced a $12.5 billion international bond issue, while the rest of the region was mixed. The sovereign bond ... ( read original story ...)

Is the bitcoin bubble about to burst?

says one hedge fund manager and bitcoin fan ... while bra baroness Michelle Mone has said she will accept bitcoin as payment for lavish Dubai flats. Outside the financial world, bitcoin remains little understood. Notably, Google’s auto-complete ... ( read original story ...)