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Tag: ipo

Posted on 27/02/2019

Bahrain’s Mumtalakat open to McLaren IPO, despite Brexit uncertainty

Bahrain’s sovereign wealth fund remains open to an initial public offering of McLaren Group … newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straigh…
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Posted on 27/02/2019

9 common financial mistakes UAE residents make – and how to avoid them

Everybody makes mistakes but if you mishandle your personal finances it could cost you a small fortune. Buying poor performing investment plans, not having an emergency fund or failing to prepare for …
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Posted on 27/02/2019

Dubai Financial Market : FinTech experts call for further regulations to bolster tokenisation in the UAE

International law firm, King & Wood Mallesons (KWM) hosted a recent event in Dubai International Financial Centre to shed light on an increasingly popular method of raising project funding – Security …
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Posted on 27/02/2019

Dubai International Financial Centre brings world-renowned White Nights concept to Dubai

Dubai, UAE – Whether you are passionate about food, culture or entertainment there will be something for everyone at the new monthly White Nights being launched at Dubai International Financial Centre …
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Posted on 27/02/2019

UAE performance weighs on Standard Chartered’s MidEast momentum

We are targeting higher-returning income and efficiencies in India, Korea, the UAE and Indonesia. Realising the opportunities those markets present will significantly enhance the group’s financial per…
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Posted on 27/02/2019

UAE labour law modernisation efforts continue into 2019

The more notable initiatives expected in 2019 include: The Dubai International Financial Centre (DIFC) Authority held a public consultation on its draft new DIFC Employment Law in February and March l…
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Posted on 26/02/2019

Bahrain’s financial centre cheaper than Dubai or Abu Dhabi, report claims

A new report comparing the cost of doing business in Bahrain’s financial centre to the UAE’s two main financial centres in Dubai and Abu Dhabi has said the former is 35 percent cheaper than its region…
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Posted on 26/02/2019

Abu Dhabi bank appoints new CEO to drive growth

Abu Dhabi Islamic Bank has announced the appointment of Mazin Manna as its new Group CEO, after obtaining UAE Central Bank approval. Manna brings 28 years of experience in international banking, havin…
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Posted on 26/02/2019

Saudi stock exchange and REITs dominate Gulf IPO market in 2018

Drake noted that while there was no IPO activity in the United Arab Emirates last year, UAE-based companies raised capital through public offerings on global bourses. Shallow water driller Shelf Drill…
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Posted on 25/02/2019

Dubai index snaps 8-day gaining streak as stocks investors resort to profit-taking

The Dubai Financial Market general index closed 0.28 per cent lower at 2,661.25, after rising 7.5 per cent in the past eight sessions. The market breadth was negative. Emaar Properties closed 0.21 …
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Posted on 25/02/2019

ADIB appoints Group Chief Executive Officer to lead next phase of bank’s growth

Abu Dhabi: Abu Dhabi Islamic Bank’s (ADIB) Board of Directors today announced the appointment of Mazin Manna as ADIB’s new Group Chief Executive Officer, after obtaining UAE Central Bank approval. Maz…
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Posted on 24/02/2019

Victory Capital Management Inc. Purchases New Holdings in HDFC Bank Limited (HDB)

Several other hedge funds and other institutional investors have also recently … financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Tre…
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Posted on 24/02/2019

UAE’s ADNOC seals $4 billion pipeline infrastructure deal with KKR, BlackRock

ABU DHABI (Reuters) – Abu Dhabi National Oil Company (ADNOC) has sealed a $4 billion midstream pipeline infrastructure deal with U.S. investment firms KKR and BlackRock, the government-owned company s…
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Posted on 24/02/2019

Dubai Islamic Bank : DIB adopts digital plan for growth in 2019 – Bloomberg Intelligence

Dubai – Mubasher: Dubai Islamic Bank (DIB) has adopted a new digital strategy that will serve its customers and operational capabilities. The new plan is to help the UAE’s largest Islamic lender addre…
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Posted on 24/02/2019

UAE waives Dh361 million loans of over 3,000 Emiratis

First Abu Dhabi Bank, Dubai Islamic Bank, RAKBANK, Al Hilal Bank, Union National Bank, Noor Bank, Emirates Islamic, Commercial Bank of Dubai, Sharjah Islamic Bank, and Arab Bank for Investment …
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Posted on 24/02/2019

Dubai to map regional economic landscape in line with its Fifty-Year Charter

The Dubai Free Zones Council is working with various government and financial entities to assign economic goals to various areas of the region, aimed at boosting Dubai’s non-oil sector, it said in a s…
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Posted on 22/02/2019

Dalma Capital, Exergy Capital establish energy transition investment fund

21 February 2019, Sweetcrude, London — Exergy Capital, an advanced energy investment firm, and Dalma Capital Management, a prominent alternative investment fund accelerator in the Dubai International …
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