Currently, Emiratis constitute 26.1 per cent of the UAE’s banking workforce
Author: Bloomberg
Kuwait’s stock exchange IPO will be oversubscribed, says CEO
The sale of half the exchange to local citizens began last month and will end on December 1
UAE economy to gain impetus from Expo 2020, government policies – IMF
IMF hails steps for UAE’s SME strategy, lists sustained growth and diversified economy as key priorities
Dubai’s DFM posts 45% rise in net profit for Q3 2019
Revenues in the third quarter reached Dhs78.1m, compared to Dhs69.5m last year
New York’s Modus Capital launches $75m MENA fund targeting startups, SMEs
The fund will target early and growth stage firms across the region
Saudi Aramco may be worth $1.5 trillion or less, some IPO banks say
The IPO process officially started Sunday, with the company filling a so-called intention to float document
UAE plans to loosen cap on bank lending to property industry
UAE banks can currently lend as much as 20 per cent of customer deposits to the property industry
Key facts from Saudi Aramco’s intention to float in Riyadh
The final offer price, number of shares to be sold and percentage of the shares to be sold is yet to be determined
World’s most profitable company gets approval to list IPO on Saudi stock market
Aramco’s shares are likely to start trading in December
Saudi Crown Prince gives ‘green light’ to Aramco IPO, accepts lower valuation
Aramco is also considering boosting next year’s dividend to $80bn to win over investors
Saudi Aramco IPO to come at ‘right time’ and when Crown Prince decides
The initial public offering will happen soon, says energy minister
Kuwait, Bahrain wealth funds to consider investing in Saudi Aramco IPO
Saudi Aramco is working toward an IPO that may raise $40bn
Saudi’s BinDawood picks JPMorgan, Goldman for IPO
The group operates the BinDawood and Danube supermarkets and hypermarkets
Abu Dhabi billionaire BR Shetty mulling IPO of pharmaceuticals business
Work on the potential share sale in Neopharma is at an initial stage
World leaders and business elites to attend Saudi Arabia’s Future Investment Initiative
Thiam to Fink – the who’s who of finance head to the global investment forum slated to be held this week
Dubai’s Emirates NBD appoints new CFO, reports 63% rise in nine-month profit
The bank had announced in April that the outgoing CFO Surya Subramanian will return to Singapore to pursue family interests
Abu Dhabi lender ADCB to exit operations in Qatar, Kuwait
The bank completed a three-way merger in May
HSBC to embark on job cuts across the MENA region in November
The global banking and markets and commercial banking units may bear the brunt of the reductions, sources said
UAE named largest fintech hub in the MENA region
A total of $237m has been invested in MENA fintech firms since 2015
UAE’s tax authority reveals minimum prices for cigarettes, waterpipe tobacco
A 100 per cent excise tax on tobacco and tobacco products, as well as electronic smoking devices and liquids comes into effect this year
Saudi Aramco pushing to complete mammoth IPO this year
The state-owned oil producer is considering making a formal announcement of the listing plan as soon as the next few weeks
New low-cost money transfer service launches in the UAE
Tech firm to launch service in 2020
Saudi plans to issue $2.5bn sukuk
The kingdom has already raised $10.9bn of Eurobonds this year
Abu Dhabi’s Mubadala launches new fund for startups
The $250m fund will empower local tech talent with a wider regional focus
