Tag: ipo

ABU DHABI (Reuters) – China and the United Arab Emirates signed a raft of financial, business and trade agreements on Friday during a visit by President Xi Jinping to the UAE, underscoring energy-hung…
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As the first Gulf country to forge a strategic partnership with China, the UAE has enjoyed a prosperous financial cooperation with China over many years. The bilateral economic and financial relations …
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Dubai – Mubasher: Emirates Islamic Bank has recorded a 25% year-on-year increase in net profit during the first six months of 2018, recording AED 485 million. Meanwhile, the bank’s total income grew 3 …
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As part of joint efforts to foster a closer trading relationship and develop increased investment opportunities, the Central Bank of the UAE and the People’s Bank of China signed a bilateral currency …
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Dubai – Mubasher:The Dubai Financial Market (DFM) concluded the week ended 19 July on a positive note backed by banking and real estate stocks. The DFMGI gained 1.45% or 42 points to close the week at …
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“Khalil’s background as an entrepreneur and Dubai’s passion for cars make this a perfect fit for the Tint World® family,” Bonfiglio said. “He and his family have a lot of business experience in the re…
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South Sudan has abandoned Kenya as one of its key banking destinations following a complex court battle with a Khartoum-based contractor, Dubai Bank founder Hassan Zubeidi and the Kenya Deposit Insura…
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As the first Gulf country to forge a strategic partnership with China, the United Arab Emirates (UAE) has enjoyed fruitful financial cooperation with China over the past years. Bilateral cooperation i…
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Over 200 industry leaders are expected to converge at the GCC region’s first debt restructuring and NPL-focused summit in Dubai in September. Middle East Global Advisors, a leading financial intellige…
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ABU DHABI, July 19 (Xinhua) — As the first Gulf country to forge a strategic partnership with China, the United Arab Emirates (UAE) has enjoyed fruitful financial cooperation with China over the past …
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Dubai – Mubasher: Bahrain-based GFH Financial Group has affirmed no exposure to the ailing private equity firm Abraaj Group. The group indicated it has signed an agreement to acquire Abraaj’s stake in …
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DUBAI (Reuters) – Saudi Aramco IPO-ARAM.SE said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC 2010.SE, a move that could boost the state oil giant’s market valu…
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Dubai-based Mashreq Bank on Wednesday posted a 5.2 percent increase in net profit to AED1.2 billion for the first half of 2018 compared to the year-earlier period. Operating ncome was up by 3.7 percen…
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Besides the UAE, Qatar, China, Argentina and Malaysia were ranked in … Brazil and Uruguay. “As the global push for financial transparency continues, international firms face an increasingly complex …
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York Capital Management, the hedge fund run by Jamie Dinan, is the latest party to join the race to buy the asset-management platform of embattled Dubai private-equity firm Abraaj Group, according to …
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Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first half results for the period ending June 30, 2018. …
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on Sunday said in its latest UAE Banking Pulse for Q1 2018 report. Comparing the data of the 10 largest listed banks in the UAE, this UAE Banking Pulse report looks at the first quarter of 2018 (Q1 20…
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