Tag: ipo

… IPO in Abu Dhabi in over 10 years with substantial demand from both institutional and retail investors IPO spurred demand and interest from UAE retail investors – oversubscribed 22 times on the retail tranche, prompting ADNOC to double the size of the …
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IPO, that raised AED3.1 billion. Emaar Malls listed on Dubai Financial Market, DFM, in October, 2014 after raising AED5.8 billion in its IPO. The addition of the two companies is the latest expansion of Nasdaq Dubai’s derivatives market, which will …
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The strategic partnership with FinovateMiddleEast was announced by HE Younis Al Khouri, Undersecretary of the Ministry of Finance, UAE at an announcement event held at the Conrad Hotel Dubai on 12 December with senior government officials, heads of …
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It is reported that the UAE and Saudi Central Banks are preparing to test a crypto initiative that will create a new digital currency for use in cross-border payments. The Arab Monetary Fund (AMF) and Financial Stability Institute jointly organized on …
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Expats remittances from the UAE amounted to $33 billion (AED121.1bn) during the first nine months of the year, according to a report by the UAE Central Bank. The figure represented a 2 percent growth on the corresponding period in 2016, up AED118.6 billion …
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The UAE Central Bank announced that effective from today (Dec 14), it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar, following the Federal Reserve Board’s …
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The Dubai International Financial Centre (DIFC) and the Dubai Islamic Economy Development Centre (DIEDC) received a delegation on Wednesday from the United Kingdom, led by Alderman Charles Bowman, the new Lord Mayor of the City of London, as part of a …
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Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, picked up four major awards at the Islamic Business and Finance Awards 2017, a prestigious industry event that endorses and recognizes those institutions and individuals that have championed …
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he non-oil part of the United Arab Emirates economy is expected to grow 3 per cent this year, accelerating from 2.7 per cent last year, the central bank said. “The recent improvement in oil prices has shed a positive sentiment on the economic activity in …
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Carey also told reporters the group would look to expand its fuel stations into Dubai and Saudi Arabia next year … shortly after the bell versus an IPO price of 2.50 dirhams per share. ADNOC’s fuel-distribution IPO is set to become the first of many …
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National Bank of Fujairah (NBF) announced today that it has joined Nasdaq Dubai’s rapidly expanding Islamic financing Murabaha platform, which offers unique advantages to financial institutions and clients seeking Sharia’a-compliant solutions and …
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Carey also told reporters the group would look to expand its fuel stations into Dubai and Saudi Arabia next year … shortly after the bell versus an IPO price of 2.50 dirhams per share. ADNOC’s fuel-distribution IPO is set to become the first of many …
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The UAE Financial Markets Association, UAE FMA, has announced the launch of the ‘Emiratisation Optimal Performance Scheme’ to encourage and support the local banking industry in implementing efficient nationalisation strategies. The programme launch in …
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Amanat Holdings has about 1.8 billion dirhams ($490 million) to spend on acquisitions in healthcare and education as the Dubai-based investment firm expands across the Middle East. The company is looking “at a couple of acquisitions” and “the pipelin …
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The IPO of Al Ahlia Insurance Company raised US$ 19.5 million … Panellists included Fahima Al Bastaki, Executive Vice President and Head of Business Development, Dubai Financial Market; Hassan Hijazy, Senior Vice President, Investment Banking; Andrew …
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As the entity responsible for the legislative aspects of the tax system in the United Arab Emirates, and committed to its role in raising tax awareness, The Ministry of Finance held a briefing this morning at its headquarters in Abu Dhabi, to define in …
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Asset growth at UAE commercial banks will accelerate in 2018, underpinned by stronger economic activity, according to a new forecast by BMI Research. According to BMI, the sector will remain broadly stable throughout the year, with continued growth in …
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