The cornerstone investment by H&P will be at the IPO price and is subject to a three-year Dubai: US contract oil and gas driller Helmerich & Payne (H&P) will invest $100 million in the initial public …
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U.S. driller Helmerich & Payne to invest in ADNOC Drilling IPO
U.S. contract oil and gas driller Helmerich & Payne (H&P) will invest $100 million in the initial public offering (IPO) of Abu Dhabi National Oil Company’s drilling unit, the companies said in a joint …
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Dubai’s Emirates NBD says 17% rise in digital money transfer
Dubai’s biggest lender Emirates NBD saw a 17 percent increase in the value of funds in its digital money transfer platform in the first eight months of 2021, compared to the same period last year. In …
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FAB appoints Heads of Investment Banking and Consumer Banking Groups
First Abu Dhabi Bank (FAB) appoints Martin Tricaud as Group Head of its Investment Banking Group and Futoon Almazrouei as Group Head of Consumer Banking Group UAE, as the UAE’s largest bank continues …
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UAE’s Pearl Petroleum raises Dh917m to invest in Iraqi project
Pearl Petroleum Co, a consortium led by the UAE’s Dana Gas and Crescent Petroleum, has raised $250 million (Dh917.5 million) in financing from the US International Development Finance Corporation (DFC …
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UAE Dana Gas-led consortium signs $250mln financing for Khor Mor project
Pearl Petroleum Co. Ltd., the consortium led by the UAE-based energy firms Dana Gas and Crescent Petroleum, has signed a $250 million financing agreement with the US International Development Finance …
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First Abu Dhabi Bank hires new head of investment banking from HSBC -sources
DUBAI – First Abu Dhabi Bank, the United Arab Emirates’ largest lender, has hired Martin Tricaud as head of investment banking, sources said. Tricaud was previously chief executive officer for the …
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Finnovex ME Summit 2021 to Focus on Banking Innovation and Transformation
The platform will bring together top professionals and C-level executives from the industry to examine how technology is reimagining Banking innovation for 2021 and beyond. Dubai – September 02, 2021: …
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First Abu Dhabi Bank’s corporate finance head to leave-source
First Abu Dhabi Bank’s head of corporate finance, Andy Cairns, is leaving United Arab Emirates’ biggest lender, a source close to the matter said. DUBAI, Sept 7 (Reuters) – First Abu Dhabi Bank’s FAB.
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The Middle East IPO market is suddenly abuzz with activity
The Middle East IPO market has suddenly come alive with a clutch of listings that are set to raise billions of dollars, with Abu Dhabi starting to catch up with regional leader Riyadh. The listings in …
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Banking subsidiarity and digitalisation need of the hour
Subsidiarity of banking system and digitalisation boost in the banking sector is the need of the hour, say experts assembled at Finnovex Middle East 2021 in Dubai. Reach and relevance are the golden …
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UAE’s Mashreq opens first representative office in Shanghai
UAE-based financial institution Mashreq Bank has inaugurated its representative office in Shanghai amid a strategic move to expand its presence in China. The Shanghai office will serve as a liaison …
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Dubai Customs ranked among top 10 Best Workplaces 2021 in Middle East
DUBAI — “Great Place to Work”, the global authority on workplace culture, ranks Dubai Customs among the top 10 Best Workplaces in the Middle East 2021. In the largest collection of employee …
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All you need to know about phone scams in UAE
Dubai Police blocked 8,000 phone numbers used by fraudsters last year Dubai Police urged community members to be cautious of phone scams and remember that banks won’t ask for passcodes or personal …
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What are the best payment apps in the UAE?
JGI/Jamie Grill Consumers are looking for speed and convenience when it comes to payment apps. Getty . Jatin Gupta laughs at the memory of transferring money to India just a fe …
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UAE oil producer Adnoc to list drilling unit in likely largest Abu Dhabi IPO
Abu Dhabi National Oil Co. is planning to sell shares in its drilling unit in what would rank among the largest initial public offerings in the …
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Adnoc launches drilling unit spin-off
The IPO of Adnoc Drilling is expected to be one of the largest flotations in the Middle East this year Abu Dhabi National Oil Co (Adnoc) will list its drilling business on the Abu Dhabi Securities …
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