A financial services regulator in Dubai has issued a warning on initial coin offerings (ICOs). In a new statement today, the Dubai Financial Services Authority (DFSA) became the latest markets regulator to urge caution to prospective investors, a list …
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Dubai & Malaysia Sign Fintech Cooperation Agreement
The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) have entered into an agreement to cooperate in the development of Fintech. According to both parties, this agreement reflects efforts by both authorities to provide a …
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Dubai and Abu Dhabi once again claim top slots in latest Middle East financial hub ranking
DUBAI: The UAE has enhanced its position as the leading financial hub of the Middle East, with Dubai and Abu Dhabi claiming first and second regional spots in the twice-yearly Global Financial Centres Index (GFCI). Dubai jumped seven slots in the rankings …
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Aramco IPO Remains On Track, Company Says
Aramco’s initial public offering remains on track for next year, the company told UAE’s The National in an email, following a report that suggested the initial schedule might be delayed. The delay, sources told Bloomberg yesterday, would be because of …
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UBF launches first cyber threat sharing platform for UAE banks
Dubai: The UAE Banks Federation (UBF), the professional representative body of banking industry comprising 48-member banks operating in the UAE, on Thursday launched its first Information Sharing and Analysis Centre (ISAC) in the UAE. The centre is powered …
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2nd China-UAE Conference on Islamic Banking & Finance Explores International Cooperation in Support of ‘One Belt, One Road’ Initiative
The Dubai Center for Islamic Banking and Finance in Hamdan Bin Mohammed Smart University (HBMSU) and the Dubai Islamic Economy Development Centre has successfully concluded the 2nd China-UAE Conference on Islamic Banking and Finance. The two-day event held …
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Doha Bank cuts staff after Qatar’s rift with neighbours -sources
DUBAI, Sept 12 (Reuters) – Doha Bank has cut around 10 jobs in the United Arab Emirates and plans to put some staff in the region on unpaid leave, sources said, as it copes with the fallout from Qatar’s rift with its Arab neighbours. Qatar’s fifth-biggest …
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BOK International UAE embraces iMAL Islamic Core Banking System
iMAL latest version offers an advanced and agile banking platform carrying many technical and functional refinements that would bridge the fintech gap. With this further investment in Path Solutions, BOK Group will have the best solution available in the …
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ADNOC could list stake in fuel retail business in early 2018: sources
DUBAI (Reuters) – Abu Dhabi National Oil Co (ADNOC … For ADNOC Distribution, Reuters reported in late July that banks had been mandated for the IPO, citing sources familiar with the matter. “They are still working on it, there may be other services …
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Saudi says it’s accelerating economic reforms, Aramco IPO on track
DUBAI (Reuters) – Saudi Arabia’s government is accelerating … public offering of a stake in Saudi Aramco remains on track,” the statement said. “The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO-related …
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Saudi assures investors that reforms, Aramco IPO on track
DUBAI (Reuters) – Saudi Arabia’s government assured investors … public offering of a stake in Saudi Aramco remains on track,” the ministry said. “The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO-related …
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Saudi Arabia’s vague economic shift leaves huge oil IPO on track
DUBAI (CNNMoney) — Saudi Arabia is still planning to sell part … shares in Saudi Aramco — which is likely to be the world’s biggest — was on track. “The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO-related …
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Gulf IPOs to make comeback, says report
Issuers are “testing out” the IPO climate, the report concluded. 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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Saudi Aramco makes gains from R&D ahead of listing
The state-owned oil giant – soon to be part-privatised in an IPO expected to raise up to $100 billion … to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Saudi Saуs It’s Accelerating Ecоnоmic Refоrms, Aramcо IPO оn Track
DUBAI (Reuters) – Saudi Arabia’s government is accelerating … public offering of a stake in Saudi Aramco remains on track,” thе statement said. “The IPO process is well underwaу and Saudi Aramco remains focused on ensuring that all IPO-related …
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ADNOC ‘could list stake in fuel retail business in early 2018’
DUBAI: Abu Dhabi National Oil Co. (ADNOC … For ADNOC Distribution, Reuters reported in late July that banks had been mandated for the initial public offering (IPO), citing sources familiar with the matter. “They are still working on it, there may …
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Factors to watch – September 10
DUBAI, Sept 10 (Reuters) – Here are some factors that may affect … any dialogue with Qatar -SPA * Saudi says it’s accelerating economic reforms, Aramco IPO on track * Will Saudi Aramco deliver world record profit for next year’s IPO?
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