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Tag: ipo

Posted on 19/09/2023

UAE’s $1.5 billion sovereign bond is five times oversubscribed

The UAE’s first US dollar-denominated sovereign bond offering in more than a year was oversubscribed by five times, the Ministry of Finance has said. The $1.5 billion bond, the first issuance by the …

Posted on 19/09/2023

Dubai records over $707mln in realty transactions Monday

DUBAI: Dubai real estate market recorded 567 sales transactions worth AED1.88 billion, in addition to 155 mortgage deals of AED688.9 million, and 17 gift deals amounting to AED44.05 million on Monday, …

Posted on 19/09/2023

UAE dollar bond issue achieved strong results with oversubscription by 5 times

The Federal Government of the United Arab Emirates, represented by the Ministry of Finance, successfully closed its offering of a U.S. dollar-denominated 10-years USD 1.5 billion bond maturing on …

Posted on 19/09/2023

DAE closes US$1.6 billion new financing facilities, largest bank loan financing in its history

Dubai Aerospace Enterprise (DAE) today announced that it has signed a new multi-tranche financing, structured as a combination of revolving credit facilities and term financing facilities, each …

Posted on 19/09/2023

UAE’s $1.5 billion dollar bond issue oversubscribed five times

The Federal Government of the UAE, represented by the Ministry of Finance, successfully closed its offering of a US dollar-denominated 10-years $1.5 billio..

Posted on 18/09/2023

Luxury Real Estate Market Boom in Dubai: Legal Considerations

lays down the foundation for property transactions in Dubai. According to Article 9 of this law, all dispositions that create, transfer, change, or extinguish real property rights must be registered.

Posted on 18/09/2023

Dubai records over AED2.6 billion in realty transactions Monday

Dubai real estate market recorded 567 sales transactions worth AED1.88 billion, in addition to 155 mortgage deals of AED688.9 million, and 17 gift deals amounting to AED44.05 million on Monday, data …

Posted on 18/09/2023

Baker McKenzie Hires One and Loses Another in the UAE

The firm recently moved its office to the Dubai International Financial Centre, and has made several lateral appointments in the Middle East region.

Posted on 18/09/2023

Dubai International Financial Centre on track for 20% insurance sector growth

Dubai International Financial Centre (DIFC) continues to steer the city’s position as a global hub for the insurance and reinsurance industry. Having granted several licences to insurance and …

Posted on 18/09/2023

UAE achieves substantial progress in countering money laundering, terrorist financing in H1: Hamid AlZaabi to WAM

Hamid AlZaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF), revealed that the UAE has completed a comprehensive review of AML/CFT progress made in the first half of 2023 which shows significant improvement across the board.

Posted on 18/09/2023

Kuwait’s finance ministry says cyber attack hits one of its systems

Kuwait’s finance ministry said on Monday that one of its systems had suffered a cyber attack in the early morning but that the ministry continued to work normally.

Posted on 18/09/2023

Dubai’s Economic Powerhouse: Women At The Helm Of Progress And Innovation

In Dubai’s dynamic economy, women have emerged as architects of progress, leaving an indelible mark across sectors. Their influence isn’t confined; it’s woven into the fabric of finance, technology, healthcare,

Posted on 18/09/2023

Shuraa partners with Wio to provide digital banking services in UAE

Shuraa Business Setup, among the leading corporate consultancies in the UAE, recently formed a strategic partnership with one of UAE’s top digital banks — ..

Posted on 18/09/2023

Oman’s OQ Gas Networks sets price range for IPO

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 …

Posted on 18/09/2023

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.

Posted on 18/09/2023

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, …

Posted on 18/09/2023

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.

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