However, even as its investment bankers do their best to “hype” the prospects of the Snap IPO in global markets, I advise UAE investors to avoid the new issue deal like the plague. Why? One, Snap has been in existence for the past five years but has not …
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Compliance Officer, Commercial Banking
JC & Partners Recruitment – Dubai – Our client, a leading Commercial bank, is looking to hire a Compliance Officer to be in charge of supervising and handling issues related to compliance with laws or regulations in UAE. Key duties – Monitor changes …
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Dubai's troubled Arabtec working with boutique investment bank Moelis -sources
DUBAI Feb 12 Loss-making Dubai construction firm Arabtec is working with boutique investment bank Moelis to study options for the company’s capital structure, sources familiar with the matter told Reuters on Sunday. A mandate for restructuring advisory …
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Dubai’s troubled contractor Arabtec working with US investment bank Moelis
Loss-making Dubai construction firm Arabtec is working with boutique investment bank Moelis to study options for the company’s capital structure, sources familiar with the matter told Reuters on Sunday. A mandate for restructuring advisory firm …
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Al Ghurair International Exchange launches IMPS service for Indian customers in UAE
Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, has announced the launch of the immediate payment service (IMPS Service) for India through IndusInd Bank. Immediate Payment Service (IMPS) is an instant …
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Adjusting to a new environment
However, despite this, there is no doubt that it will increase transparency and stability within the banking sector in the long term. The UAE Insurance Authority has recently issued a circular regulating life insurance and Takaful. These regulations have …
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UPDATE 1-Dubai's Emirates NBD targets millennials with digital banking service
DUBAI Feb 2 Emirates NBD, the largest lender in Dubai, is setting up a digital banking service targeted at millennials as it seeks to bolster its retail business in the face of falling margins. Banks in the United Arab Emirates have faced headwinds as more …
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Emirates NBD bolsters digital experience for customers
with a plan to incorporate all branches in the UAE in the next few months, adding in new automated services and transactions to the programme. Said Suvo Sarkar, senior executive vice president & group head – retail banking and wealth management …
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Dubai Islamic Bank raises $1bn through sukuk sale
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Six Gulf nations aiming for simultaneous VAT adoption in January: UAE official
a senior United Arab Emirates finance official said on Sunday. The GCC, its finances strained by low oil prices, has long planned to adopt the tax in 2018 as a way to increase non-oil revenues, but economists and officials in some countries have said …
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Dubai’s oldest bank is anything but archaic inside
Mashreq is the oldest privately owned bank in the UAE – but that’s about the only thing that’s antiquated about the company. Since it was established in 1967, the bank has been an IT pioneer in Dubai – from installing the Emirate’s first ATM, to …
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UPDATE 3-Boutique bank Moelis wins advisory role for mammoth Saudi IPO
NEW YORK/LONDON/DUBAI, Feb 8 Boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco on what is expected to be the world’s biggest initial public share offering, sources familiar with the matter told Reuters. The IPO, which Saudi …
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New York’s Moelis selected as advisor for Saudi Aramco IPO
Read: Saudi energy minister still expects Aramco IPO in 2018 The listing of the 5 per cent stake … footprint with operations in markets including Germany, India and the UAE. It now has a sizeable team of advisors who have worked closely with companies …
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Boutique bank Moelis wins advisory role for mammoth Saudi Aramco IPO
NEW YORK/LONDON/DUBAI (Reuters) – New York-based boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on its plans for what is expected to be the world’s biggest initial public share offer, sources familiar with …
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Boutique bank Moelis wins advisory role for mammoth Saudi IPO
NEW YORK/LONDON/DUBAI Boutique investment bank Moelis & Co (MC.N) has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on its plans for what is expected to be the world’s biggest initial public share offer, sources familiar with the matter told Reuters.
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Dubai Islamic Bank issues us$ 1 Billion senior
Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The US$ 1 Billion Sukuk was issued with a 5 year tenor, maturing on 14 th February 2022. The issuance under DIB’s USD 5 billion …
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Bank promises backing for grassroots events
Dubai: The chief executive officer of the Commercial Bank of Dubai (CBD) has reiterated the community aspect of backing an important sporting event like the recently-concluded Dubai Tour. One of the UAE’s premier banks, CBD has been a sponsor of the …
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