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Tag: ipo

Posted on 16/06/2019

UAE- Finance professionals in the Middle East must be aware of cyber security risks, as this continues to increase in the region

Not a day goes by without a breaking news story about data breaches or personal data theft from large organisations. Cyber-crime is one of the biggest risks to businesses to date and globally its …
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Posted on 16/06/2019

UAE enhances cooperation with Cyprus and Belgium

The Kingdom of Belgium also commends the cooperation and partnership with the UAE. Obaid Humaid Al Tayer also met with Alexander De Croo, Minister of Finance of the Kingdom of Belgium. As part of the …
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Posted on 15/06/2019

UAE- Al Tayer meets Cyprus Minister of Finance

(MENAFN – Emirates News Agency (WAM)) LUXEMBOURG, 15th June, 2019 (WAM) — Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, met with his counterpart Harris Georgiades, Minister …
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Posted on 14/06/2019

UAE to strengthen ties with Italy

Following the UAE Ministry of Finance’s efforts to strengthen cooperation with EU member states, Obaid Humaid Al Tayer, Minister of State for Financial Affairs met with Giovanni Tria, Minister of …
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Posted on 14/06/2019

Dubai resident fights Denmark over £1.5 bn tax fraud allegations

This month three former employees from Mr Shah’s UK hedge fund Solo Capital filed denials of wrongdoing with the High Court. Anupe Dhorajiwala, chief operating officer of Solo Capital’s Dubai unit; …
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Posted on 13/06/2019

Amazon’s E-commerce Presence Expands With Prime Launch in UAE

In order to strengthen presence in the Arabian Peninsula, Amazon AMZN has rolled out Prime services in the United Arab Emirates (UAE). The company expanded e-commerce operations in the UAE just a …
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Posted on 13/06/2019

Mashreq Bank and Newgen Software Bag the Best Process Automation Initiative Awards, 2019

DUBAI, UAE, June 13, 2019 /PRNewswire/ — Mashreq Bank, one of the leading financial institutions in the UAE, and Newgen Software were awarded the Best Process Automation Initiative in the Middle …
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Posted on 13/06/2019

UAE- DIB set to acquire Noor bank

(MENAFN – Khaleej Times) Dubai Islamic Bank outlined its plans on Monday to acquire Noor Bank, another Shariah-compliant financial institution based in Dubai, to emerge as the region’s most …
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Posted on 12/06/2019

Network International joins FTSE 250 Index after London IPO

UAE Exchange and Xpress Money. The company’s London IPO valued the company at $1.6bn and attracted institutional investors including BlackRock, Columbia Threadneedle Investments and Norges Bank. There …
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Posted on 12/06/2019

Egypt to launch second phase of state IPOs in September

Cairo – Mubasher: Egypt’s government will commence the second phase of the state’s initial public offering (IPO) programme in September as planned, the public enterprise minister told Enterprise. The …
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Posted on 12/06/2019

Mena records one IPO valued at $58.3mln in Q1: EY

“Economic reforms and market development initiatives are high on the agenda of regional governments, particularly in Saudi, Egypt and the UAE, which will pave the way for a buoyant Mena IPO market in …
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Posted on 12/06/2019

What next for the Uber, Beyond Meat and Luckin IPO deals?

The ethical treatment of animals is a cause core to my being so I became a cheerleader for Beyond Meat, though I know nobody in the UAE who was allocated shares in the $240 million IPO in early May. …
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Posted on 12/06/2019

Eyewear retailer Magrabi eyes global expansion

UAE-based eyewear retailer Magrabi plans to expand globally and … Magrabi also said that the company plans to launch an e-commerce website in 2020 and is still considering an IPO. This Ramadan, …
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Posted on 12/06/2019

Saudi Arabia records one IPO in Q1 in 2019

Economic reforms and market development initiatives are high on the agenda of regional governments, particularly in Saudi, Egypt and the UAE, which will pave the way for a buoyant MENA IPO market in …
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Posted on 12/06/2019

Uber’s second-in-command, chief marketing officer depart in post-IPO shake-up

“There’s never really a right time to announce departures or changes like this, but with the IPO behind us, I felt this was a good moment to simplify our org and set us up for the future,” …
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Posted on 12/06/2019

Uber’s $1.3 Billion Acquisition Of Careem Gets UAE Regulator’s Nod

The deal has now received approval from the UAE Ministry of Economy … in the first quarter of 2019 and has been under the spotlight for its less than stellar IPO. Compounding the San Francisco-based …
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Posted on 12/06/2019

Global funds favouring bond over equity markets in the Middle East

The last initial public offering in the United Arab Emirates was in 2017. Once debt-averse … Just as the debt market was opening up, an IPO drought settled over the region, and it shows no sign of …
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