Egypt seeks advisers for IPO programme aimed at boosting revenue

Dubai: Egyptian authorities are in talks with local and international ... Egypt has already hired HSBC and EFG-Hermes to advise on the planned IPO of state-owned lender Banque du Caire, while officials have said the program would also include oil companies. ( read original story ...)

ENBD becomes banking partner for Expo 2020

Emirates NBD (ENBD), a leading banking group in the region, has signed a premier partnership agreement with Expo 2020 Dubai to become its official banking partner. The partnership agreement was signed by Sheikh Ahmed bin Saeed Al Maktoum, chairman of the ... ( read original story ...)

To celebrate Mashreq Bank’s 50 year anniversary

Mashreq Bank, the oldest privately owned bank in the UAE, is celebrating its 50 year anniversary alongside the local community. In association with Goumbook, the leading social enterprise promoting sustainability in the UAE, senior executives from the bank ... ( read original story ...)

Some UAE banks temporarily cut loan interest rates

One bank announced last week its “personal finance sale,” offering UAE residents a chance to borrow money at less than 3 per cent annual interest. The attractive rates, however, are being offered at a very limited period and soon, borrowers may find it ... ( read original story ...)

UAE- Can we expect more GCC IPOs soon?

For example, the #UAE circulated new draft IPO regulations for feedback from stakeholders, setting requirements increasingly in line with international exchanges. Changes for the better Saudi Arabia's Capital Market Authority (CMA) announced a number of ... ( read original story ...)

UAE metal shines in tough business climate

With the UAE’s steel industry poised for further growth in 2017 ... launched its operations in Abu Dhabi in the midst of the financial crash. Despite the lack of demand and a significant drop in prices in the sector, the firm set out to supply the ... ( read original story ...)