Tag: ipo

Dubai: The UAE banking sector performance is expected to be resilient in the third quarter of this year despite a slowdown in economic growth resulting in modest balance sheet growth across the banking sector. Analysts expect no major surprises except the …
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Dubai Islamic Bank, the largest Islamic bank in the UAE by total assets, on Wednesday reported a 10 percent rise in nine-month net profit to AED3.3 billion ($900 million) compared to the same period in 2016. Total income increased to AED7.5 billion for the …
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Dubai – Mubasher:UAE bourses are highly anticipating the resumption … Emaar a market booster Financial analyst at Menacorp Issam Kassabieh forecasts that Emaar Development’s IPO will be main market booster in the UAE in the coming period, indicating …
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Payfort’s ‘State of Payments in the Arab World’ report found the highest rates of growth to be in Saudi Arabia (27 percent), Egypt (22 percent) and the UAE (21 percent). The report included data on four other key countries (including Jordan, Kuwait …
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FT report on Saudi Aramco IPO is entirely speculative … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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“No decision has been made and the IPO process remains on track,” he said … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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DUBAI/NEW YORK (Reuters) – Saudi Aramco is considering the sale … oil company to a Chinese investor is being evaluated as a precursor to the international IPO, according to two sources who spoke on condition of anonymity as the information was not …
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Read: INSIGHT: Unveiled Qatar Billions to Underwrite Banks According to a recent study by the First Abu Dhabi Bank, the UAE’s banking system comprising of 48 banks affords great financial solvency and reaps the fruits of an open economic and financial …
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Officials concede that Dubai cannot disentangle itself from the UAE’s role in the embargo. The UAE central bank ordered lenders in the federation to impose enhanced due diligence measures on six Qatari lenders. The DIFC’s regulator has also told …
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That could happen as a soon as next month, with a suggested market capitalization in the region of $6 billion and an IPO value of around $2 billion. The cash will be used mainly to pay dividends, with the government of Dubai a prime beneficiary from its 29 …
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DUBAI: As Saudi Aramco ponders the venue for what will be … They see it as a traditional oil company but also one which is diversifying into other areas. “The hedge funds will probably like it less. It will not be a stock where they can make millions …
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Today, for our mobile banking application, Snapp, our oldest customer is almost 92 years old, while the youngest is 18. All this comes as the infrastructure for digital becomes well entrenched in the UAE. Mobile phone penetration is now at a world-record …
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The 51-year-old hedge fund manager is pushing ADP to cut bureaucracy … He also said he is open to having top executives stay and would not envision large scale-layoffs. RAQQA/DUBAI (Reuters) – While Syrian President Bashar al-Assad was accusing the …
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… pre-initial public offering (IPO) services to its clients in the region, Hugo Peek, the chief executive of corporate and Institutional banking for Europe Middle East and Africa region, told The National in Dubai. The lender, which has seen a …
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DUBAI: Dubai Islamic Bank (DIB), the United Arab Emirates’ largest Sharia-compliant lender, posted a 26 percent increase in third-quarter net profit on Wednesday as higher income from Islamic financing and investing offset a rise in impairment charges.
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DUBAI- 11 October 2017:Qatar National Bank’s said on Wednesday its stake in United Arab Emirates-based Commercial Bank International is not for sale. There has been speculation over QNB’s stake in the UAE bank after other Qatari companies cut some UAE …
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In a signing ceremony with the UAE Ministry of Finance (MoF), the Federal Tax Authority (FTA) joined the e-Dirham system, which is a fully integrated electronic payment and revenue collection developed in partnership with First Abu Dhabi Bank. This further …
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