Investor demand is strong, with this week’s dual listing of Americana Restaurants International Plc drawing $105 billion of orders for its $1.8 billion offering …
Deloitte successfully advises Taaleem on its initial public offering on the Dubai Financial Market
Deloitte successfully advised Taaleem Schools (Taaleem), one of the largest K-12 premium education providers in the UAE, on its initial public offering …
Sudan Strikes Deal With UAE Firms for $6 Billion Port
Sudan’s military government has signed a $6 billion preliminary agreement with two firms from the United Arab Emirates to construct a new port on the Red Sea coast …
Adnoc invites banks to pitch for gas business IPO
Bankers familiar with the matter said a request was sent to a select number of banks last week for proposals to act as joint global coordinators and bookrunners in …
UAE banking revenue to surge
Growth at a compounded annual rate of 6.4% is expected between 2021-2026 UAE banking revenue to surge Boston Consulting Group, digital payments, ESG, GCC banking sector, gcc economy, retail banking, …
UAE retail banking revenues set for steep rise
Customers had increased trust in their bank during the Covid crisis than at the start of the pandemic in 2020, according to Boston Consulting Group …
Bank of China lists $300 mln bonds on Nasdaq Dubai
Bank of China , one of China’s top four state-owned banks, has listed $300 million bonds on Nasdaq Dubai, the United Arab Emirates’ state news agency WAM said on Tuesday.
UAE retail banking revenues expected to grow at a compounded annual rate of 6.4% between 2021 – 2026
Dubai: The United Arab Emirates (UAE) retail banking revenues are expected to grow at a Compound Annual Growth Rate (CAGR) of 6.4% between 2021 to 2026, a steep rise from 0.1% from 2016 to 2021, while …
Dubai’s Emirates NBD reshuffles management team
Dubai-based lender Emirates NBD has announced various strategic changes to its group executive committee, including expanding the responsibility of existing senior management team members. Suvo Sarkar …
UAE banks to ‘accelerate’ Emiratisation; boost SME support
Members of the CEOs Advisory Council of UAE Banks Federation (UBF) have recently met to discuss the latest developments in the sector, including ongoing efforts to promote Emiratisation. During the …
Americana, Luberef IPO managers set to share $74m in fees
Americana, the Middle Eastern operator of KFC and Pizza Hut outlets, is paying SAR194.4m ($51.7m) in overall fees for its dual-listing in Riyadh and Abu Dhabi. That’s about 2.9 per cent in offering …
UAE new tax “significant milestone” in country’s history, says expert
The new tax will see businesses levied with a corporate tax of 9 percent on profits above AED385,000 UAE new tax “significant milestone” in country’s history, says expert Corporate tax, Corporate tax …
Nomura expands into Dubai for international wealth management
Nomura Holdings’ global wealth management business is opening a branch in Dubai as it expands into the fast growing Middle East hub to cater to an affluent pool of clients.
UAE Banks Federation confirms sector’s strength, ability to continue growing
Chairman of the UAE Banks Federation, Abdulaziz Al Ghurair, said that the UAE banking and financial sector has successfully addressed the numerous geopolitical and economic developments and changes …
Emirates Development Bank, ADCB To Partner On Credit Guarantee Scheme For UAE Smes
The partnership will enable SMEs in the UAE to have improved access to strategic financing options. Under the credit guarantee scheme, EDB will guarantee up to 50 percent of the finance facility …
Luberef, Aramco set tone for hot 2023 IPO listings in Gulf
Gulf IPO activity starts hot in 2023 thanks to more landmark offerings. Luberef’s trading debut and listings by Aramco Trading and others keep the IPO boom rolling. That bolsters confidence among …
Dubai’s GDP accelerates to 4.6% in the first nine months of 2022
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, announced that Dubai’s GDP grew 4.6% year-on-year to Dhs307.5 billion …