Tag: ipo

UAE-based payments solutions provider Network International has announced that it will publish a registration document and is considering proceeding with an initial public offering in London. In a sta…
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The EU will be approached and (the issue will be) discussed; I’m sure there will be a way out,” said Abdul Aziz Al Ghurair, chairman of the UAE Banking Federation and CEO of Mashreq Group. “Because we …
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(Bloomberg) — Middle Eastern payment processor Network International plans to sell a 25 percent stake in an initial public offering in London. Warburg Pincus and General Atlantic jointly own combined …
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The potential IPO will not involve the issue of any new stock, but its current shareholders — private equity groups General Atlantic and Warburg Pincus, and Dubai-based bank Emirates NBD — will sell a…
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DUBAI (Reuters) – Saudi Aramco’s initial public offering (IPO) is expected to happen within two years, the Saudi newspaper Okaz said on Thursday, citing Saudi Energy Minister Khalid al-Falih. The news…
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The transaction banking industry is undergoing considerable transformation and is thriving through change. From coping with a slew of new market entrants, innovation and an emerging generation of huma…
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The UAE will work with the European Union (EU) to remove its name from a list of designated tax havens announced recently, according to Abdul Aziz Al Ghurair, chief executive of Mashreq Bank and …
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The MoU was signed by the Chief Executive of the DFSA, Bryan Stirewalt, and Abdellatif Jouhari, Governor of Bank Al Maghrib, on 13 March 2019 in Rabat. Dubai, UAE: The Dubai Financial Services Authori…
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“Many hedge fund managers were unable to buy this company because of … Here’s what others are saying about Aramex: Ali El Adou, head of asset management at Daman Investments in Dubai: Stake sale “is …
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Dubai-based Aramex was set for its biggest gain in more than … managing director at at Al Rajhi Investment in Riyadh. “Many hedge fund managers were unable to buy this company because of the foreign …
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“We need to reach out. I understand the reasons, and I’m sure the UAE will want to play as a global citizen,” Abdulaziz al-Ghurair, the banking group’s chairman, told reporters during a ba …
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said a senior UAE banking official. “I am sure this issue will be solved in the near future. I think it was due to lack of communication and lack of understanding. The EU will be approached and discus…
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EU finance ministers added 10 jurisdictions to the updated list. They are: the Dutch Caribbean island of Aruba, Barbados, Belize, the British overseas territory of Bermuda, Fiji, the Marshall Islands, …
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Banking in the UAE is quite different from banking in western countries. An expat can find themselves in a confusing situation when trying to open an account in Dubai, Abu Dhabi, Sharjah or any of the …
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EU finance ministers will have to make a final decision on Tuesday over whether the UAE, which includes Dubai and Abu Dhabi, should be named as a tax haven. The commission has argued that the Gulf sta…
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I’ve heard that taking money to reduce debt is against the Central Bank of the UAE regulations. If this is the case, does it mean a bank cannot use a gratuity payment against an outstanding loan? I ha…
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Deputy Ruler of Dubai and UAE Minister of Finance, Shaikh Nahayan Mabarak Al Nahayan, UAE Minister of Tolerance; Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future at the …
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