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Tag: ipo

Posted on 09/10/2017

Money raised in European IPOs more than doubles in the third quarter

London’s largest IPO, of Russian gold maker Polyus … as it followed the second-quarter IPOs of Dubai’s Ades International and Turkey’s DP Eurasia and Global Ports Holding. “Looking ahead, the pipeline looks promising for London IPOs, which includes …
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Posted on 09/10/2017

UAE banking sector profitability to improve in 2018

Abu Dhabi: The UAE banking sector has continued to top other GCC (Gulf Cooperation Council) counterparts in terms of assets value in the first half of 2017, with a total value of $723 billion in 48 banks operating in the country, a growth rate of 1.7 per …
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Posted on 09/10/2017

Israel, UAE Have History of Secret Arms Deals

Israeli and UAE businessmen have allegedly brokered secret arms agreements, an investigation in Israel has revealed. Israeli businessman Metai Kokhafi was allegedly responsible for brokering arms deals with his Emirati counterparts, according to a report …
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Posted on 09/10/2017

Emirates financial performance so far this year ‘a lot better’

Dubai: Emirates airline said its financial performance in the first six months of this year was “a lot better” than that at the same time in 2016 when it recorded a 75 per cent drop in net profit. Speaking to reporters at a conference in Dubai on …
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Posted on 09/10/2017

Select Harvests to reject UAE takeover bid

Select Harvests has batted away a $430.6 million takeover proposal by an Abu Dhabi-based sovereign wealth fund, saying it significantly undervalues the Australian almond farmer. The ASX-listed firm said on Monday it was the target of a $5.85 cash per share …
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Posted on 09/10/2017

BRIEF-Moody’s maintains stable outlook on UAE’s banking system

* Moody’s on UAE banking says loan performance will soften modestly following sluggish economic growth this year‍ * Moody‘s-Kept outlook for UAE’s banking system at stable reflecting economic resilience, strong capitalisation, stable funding and …
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Posted on 09/10/2017

UAE banks top GCC with $723 billion in assets

ABU DHABI: The UAE banking system has been ranked the top banking sector in the Gulf region in terms of assets in the first half of 2017, while the total assets of the 48 banks operating in the country reached $723 billion (Dhs2.66 trillion) for the year 2016.
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Posted on 08/10/2017

Liverpool takeover bid: Club valued at £1billion as financier begins talks

The 44-year-old was involved with Dubai investors in takeover attempts in 2007 which … of takeover speculation throughout the summer as pressure grows on London hedge fund owners Sisu to put the club up for sale. A series of bids from a consortium …
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Posted on 08/10/2017

UAE banks continue to top GCC with $723b worth of assets

Abu Dhabi: The UAE banking sector has continued to top other GCC (Gulf Cooperative Council) counterparts in terms of assets value in the first half of 2017, with a total value of $723 billion in 48 banks operating in the country, a growth rate of 1.7 per …
( read original story …)


Posted on 08/10/2017

Dubai Economy to bring latest e-services and apps to GITEX

real time response based on the latest information available on the Dubai Economy data bank. The Commercial Compliance & Consumer Protection sector will display its ‘IP Gateway’ and ‘Maydani’ initiatives. IP Gateway allows trademark owners anywhere …
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Posted on 08/10/2017

Dubai property database will allow tenants to rent without cheques

Later stages will see the technology used in banking, mortgages, utilities, maintenance and other areas. “As the system simplifies people’s lives by using an integrated system, we are working directly with Smart Dubai to provide our customers with …
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Posted on 08/10/2017

Commercial Bank of Dubai appoints Chief Operating Officer

In his previous role, Kumar was the Chief Operating Officer at Qatar Islamic Bank in Doha. With over 25 years banking experience, he spearheaded transformational projects at several MENA-based banks, along with serving in several senior roles at the …
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Posted on 08/10/2017

UAE–Japan SME Platform inaugurated in UAE

financial services, health care, and education. He pointed out that SMEs form the backbone of the UAE’s economy, as it generates job opportunities, promotes competition, creates new industries, and drives sustainable economic growth. He pointed out that …
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Posted on 08/10/2017

Finance / Operations Manager – Dubai Jobs

Drive performance measures for the operations (efficiency & productivity), in the form of dashboards convenient for review of high level key indicators. Responsible for developing strategies, to solve critical business operational challenges, to …
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Posted on 08/10/2017

Are you ready for #ZeroFoodWaste in Dubai?

The call has been made on behalf of the UAE Food Bank and Dubai Municipality in support of the World Food Day, which will be observed with a wide variety of activities on October 16, the civic body said in a press release. The programmes, organised by the …
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Posted on 08/10/2017

How these UAE ‘bankers’ cheat clients with magic pen, 0% credit card offers

Fraudsters have got their hands on what is known as ‘magic pens’ to cheat bank customers, the Sharjah Police have warned. The police have registered 10 cases of cheque fraud committed using these pens – which have erasable ink – this year so far.
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Posted on 08/10/2017

First Abu Dhabi Bank to unveil e-Dirham upgrade

The UAE’s Ministry of Finance (MoF) and First Abu Dhabi Bank (FAB) will showcase e-Dirham’s latest developments and technologies in electronic payment systems during the Gitex Technology Week 2017 in Dubai. The e-Dirham is a cashless payment system that …
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