Tag: ipo

DUBAI/ABU DHABI (Reuters) – Abu Dhabi National Oil Company is considering selling another 10 percent stake in its fuel distribution business, which listed in an initial public offering last year, but the timing is uncertain, three sources familiar with the …
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The main reason why these African funds are attracted to dollar-pegged markets such as the UAE is a hedge against domestic currency volatility. “The rise in real estate investment from Africa into Dubai is due to a number of reasons. Rental yields north of …
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Mashreq, Dubai’s third-largest bank by assets, has applied to Saudi Arabia’s central bank for a banking licence as it seeks to benefit from opportunities surrounding the kingdom’s ambitious economic reform plans, according to sources familiar with …
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BitOasis, the Dubai-based cryptocurrency exchange, no longer plans to block users from making deposits and withdrawals in dirhams. Back on May 14, citing problems with it bank, the exchange issues a statement saying the users had just 24 hours to sanction …
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… positively in June on the back of new government decisions including the transfer of settlements for both the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) to the Central Bank of the UAE (CBUAE), according to Zawya. Trading …
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McKinsey research on urban consumers in UAE and Saudi Arabia shows that at least 80 per cent of bank consumers now prefer to do a portion of their banking on computers, smartphones, and tablets. Banks today face competition from an array of fintech …
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DHAHRAN, Saudi Arabia/DUBAI — Saudi Aramco has created a subsidiary to house … as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO). The move is designed to streamline Aramco’s operations …
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First Abu Dhabi Bank (FAB), the UAE’s largest bank, has appointed a new CEO to head up the bank’s operations in the UK. Paul Hartwell has been appointed CEO to lead the Abu Dhabi-based bank’s business from its London office, where it has had a presence …
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DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Aramco has created a subsidiary … as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO). The move is designed to streamline Aramco’s operations and …
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In view of financial literacy’s critical role in the success of an economy and sustainable development of a society, the UAE Banks Federation (UBF), has stepped up its efforts to increase the level financial awareness in the country. For organizations …
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Dubai: The UAE’s banking sector has remained largely resilient to the decline in oil prices and it impact on government finances and economic growth, according to a recent report from ratings agency, Moody’s. Real estate and government-related entity …
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This is in addition to a $317 million panda bond issued in February, as well as USD-denominated bank loans from both UAE and foreign banks. Ras Al Khaimah also has $1.7 billion in borrowings. Funding deficits through external borrowings The structure of …
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(MENAFN – Khaleej Times) For many of us, the holy month of Ramadan has come to mean only taraweeh, suhour and iftar. In the rush to prepare for social occasions with family and friends, we often forget that Ramadan is basically a time for reflection – that …
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Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has announced that its wholly-owned real estate subsidiary Dubai Investments Real Estate Company [DIRC] has won the prestigious ISO 9001 …
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This is in addition to the financial and strategic advantages that it brings for businesses. The move to flexible workspaces reflects the changing demands and expectations of the workforce. 84 per cent of those surveyed in the UAE agree that flexible …
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Ethical financial management can give us great peace of mind, and as Muslims, we must give priority to investments through halal products and solutions in order to gain a halal income. Fortunately, Dubai is now the hub of Islamic economy and finance.
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Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Real Estate & Construction, Banking and Finance & Investment sectors propelled shares lower. At the close in Dubai, the DFM General declined 0.76% …
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