Tag: ipo

Dubai - Mubasher: The chairman and founder of Daman Investments said that the company has decided to postpone the plan to issue its stocks in the Dubai Financial Market (DFM) to after 2017. Shehab Gargash added in his speech on Monday at a press conference ... ( read original story ...)

A DUBAI bank has admitted setting different exchange rates for English and Scottish bank notes because the latter has “no buyers”. Scots tourists were shocked to see the differing rates on a currency exchange board at duty free in Dubai Airport last month. ( read original story ...)

London - Abraaj Group, the private-equity firm that invests across emerging markets, is interested in buying Barclays Group’s African business, CEO Arif Naqvi said. “It’s a very fine bank run by a very fine management team, and if the opportunity ... ( read original story ...)

These things are easier said than done, especially in the UAE, where personal borrowings are piling up. We've asked the experts to provide some useful advice around the area of investing, financial planning, budgeting, saving or spending to help improve ... ( read original story ...)

Dubai - Mubasher: The chairman and founder of Daman Investments said that the company has decided to postpone the plan to issue its stocks in the Dubai Financial Market (DFM) to after 2017. Shehab Gargash added during his speech on Monday during a press ... ( read original story ...)

Dubai’s sovereign wealth fund Investment Corporation of Dubai (ICD) has picked up a significant stake in Swiss banking app Centralway Numbrs. Centralway said on its website that it raised investment from Dubai’s sovereign wealth fund though it did not ... ( read original story ...)

Dubai’s largest bank said on Monday its net profit fell to Dh1.85 billion for the three months to the end of December, a decline of 12.8 per cent compared with the same period a year earlier. The bank blamed the decline on the higher cost of fixed ... ( read original story ...)

Dubai: Bank Muscat, Oman’s largest lender, posted a 1.3 per cent increase in fourth-quarter net profit on Sunday, according to Reuters calculations, in line with analysts’ estimates. The bank made a profit of 39.7 million riyals (Dh379.2 million ... ( read original story ...)

The $2bln Dubai deal. That random pile of manila folders ... “Those kinds of big moves are mandatory for hedge funds to make real money.” A few people profited from Japanese interest rates last year. Some nimble punters made money on Brexit. ( read original story ...)

DUBAI Jan 12 Abu Dhabi's Union National Bank (UNB) said on Thursday an initial public offer for its new Islamic insurer joint venture Orient UNB Takaful, was more than 13 times oversubscribed. The IPO is set to be the first in the United Arab Emirates ... ( read original story ...)