British man held in Dubai for raising middle finger

These are external links and will open in a new window A British man who raised his middle finger at another driver in Dubai could face jail after he was arrested for "offensive behaviour". Jamil Ahmed Mukadam, from Leicester, said he reacted "in ... ( read original story ...)

Why Dubai roads are decked up with Saudi flags

Dubai: Major roads here next to some of most iconic buildings are decked up in green and the UAE colours. Saudi and UAE flags together adorn a long stretch of the King Salman bin Abdulaziz Street, named after the Saudi monarch. The street-level gesture ... ( read original story ...)

Saudi regulator gives nod to Awazel’s IPO plans

Dubai: The Capital Market Authority (CMA) said on Thursday it has approved the Arabian Waterproofing Industries’ (Awazel) plan to offer 30 per cent or 8.1 million shares of the company’s share capital through an initial public offering. “A portion of ... ( read original story ...)

Adnoc said to consider IPO for shipping business

The UAE is the fourth-largest member in the Organisation of Petroleum ... Emirates Global Aluminium, the largest aluminium producer in the Middle East, is considering an IPO that could raise about $3 billion. Saudi Arabia, the largest Gulf Arab economy ... ( read original story ...)

Abu Dhabi targets IPOs worth $5b ahead of Saudi Aramco

Dubai/Abu Dhabi: Abu Dhabi is hoping to fast-track at least $5 billion (Dh18.3 billion) of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighbouring Saudi Arabia ... ( read original story ...)

UAE shares festive spirit of Saudi National Day

Abu Dhabi: The UAE is sharing the festive spirit of the Saudi National Day (September 23). The 87th National Day of the sister Gulf nation will be commemorated with two-day celebrations across the UAE, with fireworks displays adorning the skies of Dubai in ... ( read original story ...)

Abu Dhabi targets IPO frenzy ahead of Saudi Aramco

DUBAI: Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighboring Saudi Arabia, Abu Dhabi is restructuring ... ( read original story ...)

Emaar Properties gets $1.5bn loan from First Abu Dhabi Bank

RELATED ARTICLES: Emaar launches 17 Icon Bay tower in Dubai Creek Harbour | Emaar Hospitality to build 12th Dubai Address hotel project Dubai-based Emaar Properties has obtained a $1.5bn corporate finance loan from First Abu Dhabi Bank, sources confirmed ... ( read original story ...)

Abu Dhabi targets IPOs worth $5 billion ahead of Saudi Aramco

DUBAI/ABU DHABI (Reuters) - Abu Dhabi is hoping to fast-track at least $5 billion (3.7 billion pounds) of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like ... ( read original story ...)