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Tag: ipo

Posted on 12/08/2020

Emirates NBD restores digital banking services

Bank customers faced disruptions in some e-services earlier this week Dubai: Emirates NBD said on Wednesday that it has restored its digital banking services following some disruptions earlier this …
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Posted on 12/08/2020

Emirates NBD restores digital banking services after three-day disruption

Account holders were unable to access the bank’s website and mobile app to make payments and remittances Emirates NBD said it has restored digital banking services after a system upgrade at the …
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Posted on 12/08/2020

UAE banks headed for more job losses in second half of 2020

Shrinking interest margins and non-interest incomes force banks to cut costs further Dubai: UAE banks, especially those with large retail operations are headed for more redundancies as businesses is …
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Posted on 12/08/2020

Lebanon’s Blom Bank considers selling Egypt subsidiary

Blom Bank is attempting to strengthen its finances as Lebanon endures financial crisis Cairo/Dubai: Lebanon’s Blom Bank said on Tuesday it was looking to sell its subsidiary Blom Bank Egypt …
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Posted on 11/08/2020

Azizi Developments says no IPO planned before 2023

Azizi Developments CEO Farhad Azizi said it will raise $300m from sukuk in Q1 2021 Dubai-based real estate developer Azizi Developments said it has no plans to take the company public for at least …
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Posted on 11/08/2020

Nathan’s Famous Partners With UAE Based Mezzan Group to Manufacture Halal Hot Dogs

Nathan’s Famous, Inc., the American tradition serving New York favorites for more than 100 years, announces today it has signed a licensing, manufacturing and distribution agreement with Mezzan …
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Posted on 11/08/2020

Alibaba, UAE-Backed Tesla Competitor Set To IPO In The U.S.

Chinese electric car start-up Xpeng Motors has filed for an IPO on the New York Stock Exchange. That comes after raising $400 million from Chinese media giant Alibaba, the Qatar Investment Authority, …
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Posted on 11/08/2020

Embrapa-UAE deal envisages genetic resource exchange

while they finance their part and we finance ours. Later on, we plan on seeking out financing from the Brazilian government, the UAE or other sources,’ Moretti explained. The memorandum is just …
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Posted on 11/08/2020

How pregnant women in Dubai can e-register for cord blood storage

Some 72 expecting mothers had e-registered for cord blood banking in Dubai, just a couple of months since the digital registration was launched, health authorities said. The Dubai Health Authority …
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Posted on 11/08/2020

HashCash Partners with UAE Bank to Help with Blockchain Digital Identity

Extending their expertise in the blockchain domain, HashCash Consultants has partnered with a UAE based global bank to help them streamline their banking and financial operation through the …
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Posted on 11/08/2020

How Aramco outperformed international oil companies

Saudi Aramco released its second quarter earnings on Sunday and announced that it would hold its $75 billion dividend despite first half and second quarter net income having fallen by 50 percent and …
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Posted on 10/08/2020

ThinkMarkets Planning for a $300 Million Australian IPO

ThinkMarkets, an online forex and contracts-for-differences (CFDs) broker, is planning for a $300 million initial public offering (IPO) by the end of this year.
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Posted on 10/08/2020

Dubai issues guidelines for reopening of universities

Dubai: Anyone showing symptoms of COVID-19 at university in Dubai must be isolated instantly and referred for a PCR test, the newly released ‘Protocols for the Reopening of Higher Education …
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Posted on 10/08/2020

UAE- GCC states to spur sukuk’s rally to $170B in H2

GCC countries will lead a rally in sukuk issuance in the second half of 2020, with low oil prices and a consequent surge in deficits triggering strong financing demand among sovereign issuers, Moody’s …
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Posted on 10/08/2020

Dubai-based entertainment agency lost AED2.5m worth of orders during Covid lockdown

News that concerts and live events can resume in Dubai has been warmly welcomed by the Dubai-based Dan Bolton Creative Management Agency, which lost AED2.5 million worth of orders within 24 hours as a …
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Posted on 09/08/2020

Investors launch Rocket IPO into high orbit

Rocket Companies raised $1.8bln in its initial public offering on Aug. 6 This website uses cookies to improve your online experience. They were placed on your computer when you launched this website.
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Posted on 09/08/2020

UAE Central Bank ramps up TESS scheme to support banking sector

The directive will encourage banks to strengthen the TESS scheme and support impacted customers in overcoming the impact of the pandemic …
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