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Tag: ipo

Posted on 28/04/2019

Rise of the family private investment office and fall of the hedge funds

A decade ago the most opulent conference of the season in Dubai was always the Hedge Funds World Middle East event, with – at its peak – almost a thousand high-rolling delegates to be feted and …
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Posted on 28/04/2019

Arabian Centres to raise up to $836 million in Saudi’s biggest IPO since 2014

DUBAI (Reuters) – Saudi Arabian mall operator Arabian Centres Co could raise up to $836 million at the top end of the price range for its initial public offering (IPO), the sale prospectus showed on …
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Posted on 27/04/2019

For rebounding Dubai IPO market, liquidity remains key

The Initial Public Offering (IPO) market in Dubai is likely to see a rebound this year after a long period of lull, and analysts say the ability of companies to attract liquidity in the primary …
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Posted on 25/04/2019

UAE participates in Arab financial institutions joint meetings

DUBAI, 25th April, 2019 (WAM) — A UAE delegation, headed by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated on Thursday in the joint annual meeting of Arab Financial …
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Posted on 25/04/2019

UAE participates in joint meeting of Arab financial institutions in Kuwait

Dubai: A UAE delegation, headed by H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated in the joint annual meeting of Arab Financial Institutions, and the meeting of the …
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Posted on 24/04/2019

UAE- DFSA takes action to protect the integrity of Islamic Finance

Dubai, UAE, 23 April 2019: The Dubai Financial Services Authority (DFSA) has imposed restrictions on David Barnett and Christopher Steer following an investigation into their conduct while working …
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Posted on 24/04/2019

Dubai Islamic Bank 1st Quarter 2019 Financial Results

Total income reaches AED 3.4 billion, up by 26% YoY. Net Profit increases to AED 1.3 billion, up by 12% YoY. Dubai, April 23, 2019: Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the …
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Posted on 24/04/2019

Sudan’s windfall from the Gulf and the perils of new development finance

Saudi Arabia and the United Arab Emirates announced on Sunday $3 billion of financial support in the form of $500 million in central bank deposits and a promised $2.5 billion in humanitarian support, …
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Posted on 23/04/2019

UAE Banks Federation announces new board

We have made great progress in our efforts to boost innovation and raise the profile of the UAE banking industry, and we are confident we will keep the momentum going as we move forward,” said …
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Posted on 23/04/2019

UAE Banks Federation holds Ordinary Annual General Assembly Meeting

UAE Banks Federation (UBF) held yesterday (April 22nd, 2019) its Ordinary Annual General Assembly Meeting, at the Head Office of Commercial Bank of Dubai. The meeting was chaired by H.E. AbdulAziz Al …
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Posted on 23/04/2019

Dubai Islamic Q1 net profit up 12pc to $369m

“Global market optimism is returning as reflected by the positive index performances as well as increasing trade volumes in the UAE financial markets since the start of the year,” he added. Dubai …
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Posted on 23/04/2019

Dubai Islamic Bank to Study Possible Acquisition of Noor Bank

(Bloomberg) — Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest … three weeks,’ it said in a statement to the stock market. The Middle East’s financial services industry is witnessing a …
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Posted on 23/04/2019

Three IPOs in the worksfor Dubai

Liquidity in Dubai’s main stock market has slumped in the past four years as a drop in oil prices hampered economies across the Gulf, reducing trading volumes and slowing share sales. The last IPO on …
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Posted on 22/04/2019

Emirates development bank holds workshop to accelerate growth of the UAE’s SME ecosystem

Dubai, United Arab Emirates – Emirates Development Bank (EDB) hosted a workshop in collaboration with the National Program for Small-to-Medium-Sized-Enterprises (SME), the executive arm of the SME …
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Posted on 22/04/2019

Bank with Liv. and win an island in unique campaign

Dubai: Liv., the digital-only lifestyle bank by Emirates NBD has announced an exciting new promotion, offering one lucky customer the chance to win his or her private island. Existing and new …
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Posted on 22/04/2019

The bank did not specify where the island would be located.

A UAE resident stands the chance to win his/her own private island for signing up with a digital-only lifestyle bank and earning loyalty points. Liv. by Emirates NBD will run the promotion will August …
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Posted on 22/04/2019

Heavy buying into Abu Dhabi bank stocks continues

Dubai: Banks such as First Abu Dhabi Bank (FAB), Union National Bank (UNB), Dubai Islamic Bank (DIB) witnessed non-stop buying, while the Abu Dhabi index hit its highest levels since 2006 on Monday.
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