Tag: ipo

Dubai’s biggest bank Emirates NBD has started operations in India with the opening of its first branch in the city of Mumbai. The Mumbai branch, located in Maker Maxity, Bandra Kurla Complex, marks the bank’s fifth international branch outside of its …
( read original story …)

---

Emirates NBD, Dubai’s biggest bank, on Tuesday said it has started operations in India with the inauguration of its first branch in the country’s commercial centre, Mumbai. The Mumbai branch marks the bank’s fifth international branch outside of its …
( read original story …)

---

Mr Hassan Zubeidi, former chairman, Dubai Bank. PHOTO | FILE | NMG Former Dubai Bank chairman Hassan Zubeidi has been cited for contempt of court in a long-standing tussle with the Central Bank of Kenya (CBK) over his refusal to grant receiver managers …
( read original story …)

---

The UAE Cabinet on Tuesday approved the federal budget of AED201.1 billion ($54.7 billion) for the years 2018-2021, of which AED51.4 billion ($13.9 billion) is for next year, with no deficit forecast. Sheikh Mohammed bin Rashid Al Maktoum, Vice President …
( read original story …)

---

HSBC Bank Middle East Limited has announced the appointment of Marwan Hadi as Head of Retail Banking and Wealth Management (RBWM) in the UAE. In his new role, Hadi will be responsible for implementing HSBC’s retail banking and wealth management strategy …
( read original story …)

---

Riyad Bank will, once again this year … This exclusive Trade Finance event in Saudi Arabia is organized by Dubai based QnA International. The Summit will focus on the advancement of systems facilitating the Kingdom’s strong legacy of trade, by bridging …
( read original story …)

---

The accelerator programme opened with a series of speed meetings, where 11 select start-ups met with partnering financial institutions, including Abu Dhabi Islamic Bank, Citi, Dubai Islamic Bank, Emirates Islamic, Emirates NBD, HSBC, Mashreq, Network …
( read original story …)

---

UAE investment company, National Bonds has launched a nationwide campaign to help local residents save after a new study revealed a lack of awareness in financial planning. Launched from November 1 under the hashtag #SavingsExcuse campaign the drive aims …
( read original story …)

---

Nov 7 (Reuters) – AMLAK FINANCE: * Q3 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 11.8 ‍ MILLION DIRHAMS VERSUS 5.7 ‍ MILLION DIRHAMS YEAR AGO * Q3 INCOME FROM ISLAMIC FINANCING AND INVESTING ASSETS 45.6 MILLION DIRHAMS VERSUS 49.7 MILLION DIRHAMS YEAR …
( read original story …)

---

Dubai: The UAE banking sector reported strong gains from improving asset quality, interest margins from repricing of loans and continuing improvement in operating costs in the third quarter of 2017. According to the latest central bank data on system-wide …
( read original story …)

---

Dubai: The UAE’s banking sector is well positioned to withstand the macroeconomic challenges arising from low oil prices and geopolitical issues, according to the International Monetary Fund (IMF) and the Institute of International Finance (IIF).
( read original story …)

---

“With the advent of credit scoring from Al Etihad Credit Bureau, and the uptake of credit checks by local financial institutions, the UAE has become a model country in the region for sensible lending,” said Richards. UAE consumers said they still …
( read original story …)

---

Money laundering by the Gupta family using shelf companies in Dubai is “very unfortunate” and is being discussed “at the highest level”, says Hamad Buamim, president and CEO of the Dubai Chamber of Commerce and Industry. Dubai, through the United Arab …
( read original story …)

---

LONDON: After disclosing lacklustre third-quarter figures, the Dubai Financial Market (DFM) will be glad of the fees windfall following this month’s initial public offering (IPO) of Emaar Development, part of the UAE’s largest listed company, Emaar …
( read original story …)

---

The IPO is an “opportunity to invest in the future of Dubai as we continue to build iconic freehold master-planned communities,” Emaar chairman Mohamed Alabbar said in the statement. Emaar Development has a clear growth strategy, projects in premium …
( read original story …)

---

Goolam Ballim, Chief Economist at the Africa’s largest financial services provider Standard Bank said Dubai Chamber held the conference to help bridge the information gap between investors and African companies, so they can tap the continent’s massive …
( read original story …)

---

Emaar, Emaar Malls and the company’s units in Saudi Arabia and Egypt are already listed. The IPO is an “opportunity to invest in the future of Dubai as we continue to build iconic freehold master-planned communities,” Emaar Chairman Mohamed Alabbar said …
( read original story …)

---