Tag: ipo

Just as the UAE’s finance ministry launches new regulations, a poll of expatriates has revealed 32 per cent don’t trust IFAs. The CFA Institute study centred on the trustworthiness of financial adviso…
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The assets of UAE conventional banks (CB) amounted to around Dh2.275 trillion ($620 billion), accounting for 79.7 percent of total banking assets by the end of November 2018, a media report said. Shar…
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The UAE’s bank assets rose 6 per cent to Dh2.85 trillion in the first eleven months of this year from the end of December 2017, led by growth in conventional bank assets, latest central bank figures s…
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Saving for retirement is set to evolve for UAE residents, according to experts, as financial advisers and employers face pressure to offer better options amid a raft of UAE government reforms. With a …
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The assets of UAE conventional banks (CB) amounted to around AED2.275 trillion, accounting for 79.7 per cent of total banking assets by the end of November 2018, with Sharia-compliant banks …
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The Bank of Sharjah is open to mergers as the consolidation trend in the UAE’s banking sector is set to continue, said a senior executive at the bank. “We are not talking to any bank for merger. There …
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Banking stocks listed on the UAE bourses have been untouched by the recent sell-off that adversely impacted real estate shares. They are still holding up because of expectations that further Fed …
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With initial coin offering rules to be finalised by mid-2019, the UAE is all set to join the ranks of top global financial markets regulating crypto-assets and will be among the top regional destinati…
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The UAE Ministry of Finance has launched a new system to facilitate e-Dirham refunds on services and transactions for all federal entities as part of its ongoing efforts to improve the quality and spe…
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Emirates NBD, Dubai’s biggest bank, shed 5.6 percent in thin trade. Dubai Financial Market, operator of the exchange, lost 4.2 percent and DAMAC Properties was down 1.4 percent. But Union Properties j…
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In the UAE, where residency is tightly linked to employment … Job losses from last year’s merger between National Bank of Abu Dhabi and First Gulf Bank, which created First Abu Dhabi Bank, were neve…
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Profits for the first nine months of the year are up by 5 percent to 1.75 billion UAE dirhams. In a press release accompanying the firm’s results, the bank’s chairman, Abdulaziz Al Ghuruair, said: “As …
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The gross assets of UAE banks surged six per cent to Dh2.854 trillion by the end of November 2018 from Dh2.694 trillion a year ago, the Central Bank of the UAE said. The banking sector’s gross credit …
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The United Arab Emirates will deposit $3 billion in the central bank of Pakistan to help “enhance liquidity” as the country struggles with a balance of payments crisis, state media said Friday. The tr…
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The UAE will deposit $3 billion (Dh11 billion) in the State Bank of Pakistan to support the country’s financial and monetary policy. The Abu Dhabi Fund for Development said it will deposit the money o…
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ICOs are the cryptocurrency industry’s version of an Initial Public Offering (IPO), where companies go public and sell … However, only half of ICO projects were able to raise more than $100,000. Dub…
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The UAE’s Securities and Commodities Authority will introduce … issue cryptocurrency tokens to investors – the same way shares are issued in an initial public offering of a company’s equities. “Lega…
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