Tag: ipo

Obaid bin Humaid Al Tayer, UAE Minister of State for Financial Affairs, has said that the UAE is keen to enhance coordination and communication with GCC countries with the aim of achieving …
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First Abu Dhabi Bank, FAB, reported AED2.5 bn for Q3-2020, 4 percent up on Q2, with net profit for the first nine months of 2020 standing at AED7.3 billion, 22 percent lower compared to the same …
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The United Arab Emirates last week marked two events that reflect its new international pivot — a historic visit by senior officials to Israel, and the renaming of a prominent street in Abu Dhabi …
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Tarabut Gateway, the operator of an ‘open banking’ platform, has launched operations in the UAE, with offices at Hub71 in Abu Dhabi and DIFC’s Fintech Hive. Tarabut Gateway already has offices in …
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Tarabut Gateway, the MENA region’s first and largest regulated open banking platform, has launched in the UAE. The company has simultaneously opened two new offices; one each at Abu Dhabi’s global …
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The six-member Gulf Cooperation Council faces a steep economic contraction this year before partially rebounding in 2021, with most countries facing sharper declines than previously estimated, a …
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The UAE Central Bank on Monday said it imposed administrative sanctions on two exchange houses for violating rules pertaining to anti-money laundering and combating financing of terrorism and illegal …
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(Bloomberg) — Aldar Properties PJSC became the biggest listed developer in the United Arab Emirates after its shares rose the most in six years on the back of a deal with a state-owned entity in Abu …
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First Abu Dhabi Bank , the United Arab Emirates’ biggest lender, reported a 19% fall in quarterly profit on Monday, dragged down by a double-digit drop in net interest income and higher …
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The Commercial Bank of Dubai has made a return to the capital markets for the first time since 2015, through a Dh600 million six-year bond issue. More than 100 investors participated in the offer, …
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The UAE’s First Abu Dhabi Bank (FAB) secured the first spot regionally and the 32nd spot globally in Global Finance’ ranking …
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Step forward alternative finance. Simply put … A deal which Shuaa completed in Dubai’s hospitality sector is a case in point. With a project already 85 per cent complete, the developer …
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Saudi Telecom Co (STC) has hired banks to arrange a potential initial sale of shares in its product and services development arm, Solutions by STC, three sources familiar with the matter told Reuters.
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As global markets anticipate a highly contested US election little over a week away, investors will meanwhile await any new hints this week on who will likely win the presidency of a key economy. With …
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The OPEC Fund for International Development, OFID, and the West African Development Bank, BOAD, have signed a Framework Agreement to further strengthen their development cooperation in the member …
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The Israeli delegation features 13 CEOs currently heading leading Israeli technology companies in the fields of cyber, finance, insurance and food.
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Saudi Telecom Co (STC) has hired banks to arrange a potential initial sale of shares in its products and services development arm, Solutions by STC, three sources familiar with the matter told Reuters …
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