Saudi entertainment authority says hit by cyber attack

The GEA was set up last year as part of the Vision 2030 reform program to provide entertainment options for Saudis, who are accustomed to traveling abroad to see shows and visit amusement parks in nearby Dubai and ... our... Hedge funds look past the ... ( read original story ...)

Privatisation in MENA set to drive IPO activity in 2018 – EY

Investor sentiment has improved and the global outlook is more positive, which should reflect on the IPO market in the MENA region.” Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and ... ( read original story ...)

Foreign workers in the UAE remit over $21bn in H1

The total value of remittances by foreign workers in the UAE reached AED78 billion ($21.2 billion) during the first half of 2017, according to central bank figures. The UAE Central Bank announced that remittances totalled AED40.8 billion during the second ... ( read original story ...)

Emaar lists assets it intends to take public

The majority of the assets included are mixed use projects under construction, including new hotels such as the Vida Dubai Mall and the Address Sky View. Emaar also plans to IPO empty plots that it owns in Dubai Harbour, Emirates Hills, and Arabian Ranches. ( read original story ...)

Mena IPO records 16 deals in H1 2017

The greenfield IPO of Orient UNB Takaful PJSC (Orient UNB) in second quarter (Q2) of 2017 represents the first IPO on the Dubai Financial Market (DFM) since the IPO of Dubai Parks and Resorts in 2014. The GCC saw 13 IPOs raised in H1 2017, a 33 percent ... ( read original story ...)

Mena IPOs raise $788m in first six months

The greenfield IPO of Orient UNB Takaful PJSC (Orient UNB) in Q2 of 2017 represents the first IPO on the Dubai Financial Market (DFM) since the IPO of Dubai Parks and Resorts in 2014. According to EY, the GCC saw 13 IPOs raised in the first half ... ( read original story ...)

16 MENA IPOs Recorded in H1 2017: EY

H1 2017 saw US$ 788 million in capital raised IPO of ADES International Holding Ltd. largest in MENA at US$ 243.5 million Dubai, UAE - 26 September 2017: In the first half of 2017, MENA IPO activity witnessed 16 deals, representing a 100% increase when ... ( read original story ...)

Sluggish mood remains on Dubai index, as traders seek catalysts

with some of the positive catalyst like Emaar IPO, good quarter for blue chip companies,” said Tariq Qaqish, Managing Director — Asset Management at Menacorp. The Dubai Financial Market General Index closed 0.06 per cent higher at 3,563.99. The Dubai ... ( read original story ...)

Aramco listing reshapes Saudi Arabia’s OPEC oil policy

DUBAI/LONDON (Reuters) - Saudi Arabia's plans to float state ... But the fact such a move was considered shows how Aramco's initial public offering (IPO) - expected to be the biggest in history - is forcing the kingdom to rethink its OPEC policies. ( read original story ...)