Tag: ipo

LONDON/DUBAI (Reuters) – Boutique investment bank … expected to be the world’s largest ever initial public offering (IPO). But the relationship between Evercore and Aramco deteriorated …
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First Abu Dhabi Bank has proposed removing a cap on the foreign ownership limit in its sharers after the UAE started loosening rules to attract international investors. The board’s proposal is subject …
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Emirates NBD, Dubai’s largest lender by assets … Middle East and Africa that joined the FTSE 250 Index of London-traded equities last month. NI’s IPO was the biggest of the year at the time of its …
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DUBAI, United Arab Emirates — A small oil tanker from the United Arab Emirates travelling through the Strait of Hormuz entered Iranian waters and turned off its tracker three days ago, leading the U.S …
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Dubai Islamic Bank, the largest Islamic bank in the UAE, has posted a net profit of Dh2.753 billion ($749 million) for the first half (H1) of the year, as against Dh2.441 billion in H1 2018, marking a …
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Emirates NBD, Dubai’s largest lender by assets … Middle East and Africa that joined the FTSE 250 Index of London-traded equities last month. NI’s IPO was the biggest of the year at the time of its …
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UAE – Bayt.com, a leading online marketplace for jobs in the Middle East, is planning to file for an initial public offering (IPO) over the coming period, Al Bayan newspaper reported. The Dubai-based …
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Al-Borsa said EFG Hermes would manage the IPO and Zulficar & Partners would serve as legal counsel. EFG Hermes declined to comment when contacted by Reuters. The last IPO by a private company on the …
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I was recently contacted by a debt collection agency by phone on behalf of a bank in the UAE. They alleged there are outstanding credit card dues from 1997 for some Dh200,000. I left the UAE in …
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There are 49 banks under the auspices of the Central Bank of the United Arab Emirates’ (CBUAE), of which 27 are foreign banks, 22 are national banks and seven are local banks that follow Shari’a …
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It “considers the UAE and MENA region as a key market and remains fully committed to continue serving clients based there.” The bank employees about 200 staff in the Dubai International Financial …
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Dubai: Liv., the digital-only lifestyle bank by Emirates NBD, today announced a donation of AED 50,000 to UAE-based global philanthropic organisation Dubai Cares, as part of a charity campaign. The …
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According to numerous studies conducted by official authorities, such as the Federal Competitiveness and Statistics Authority, the percentage of digital banking users in the UAE rose to 90 percent …
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Dubai: Equity traders in the UAE are ditching expensive banking shares and opting for relatively cheaper real estate stocks. Emaar Properties shed 22 per cent from April through May and has been …
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The Dubai Land Department (DLD) has reached an agreement with the Arab Bank for Investment and Foreign Trade (Al Masraf) to manage and service the Owners Association (OA) accounts. The MoU was signed …
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Emirates NBD, the United Arab Emirates’ second-biggest lender, Standard Chartered, Dubai Islamic Bank, Abu Dhabi Islamic Bank, Dubai’s Department of Finance and the National Bonds Corp. are among …
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The arrangement allows corporate clients of Standard Chartered Bank to deposit cash in their accounts through the 150+ UAE Exchange branches located across the UAE Through this extended partnership, …
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