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Tristar pulls Dubai IPO as investors push back on valuation

Tristar’s IPO was slated to be the second listing in three years on the Dubai Financial Market

Dubai-listed Emaar Properties and Emaar Malls announce merger plans

As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties

UAE telecom du to consider raising foreign ownership

The company will hold a board meeting on January 20

Qatar’s first IPO since 2019 sees shares in QLM soar 24%

The listing was the first in Qatar since the debut of dairy producer Baladna at the end of 2019

UAE’s Palms Sports lists shares on Abu Dhabi bourse

Trading on the shares begins on December 21

Dubai’s Meraas offers to delist park operator DXB Entertainments

Meraas plans to acquire debt worth $1.16bn and convert it into new DXBE shares

Saudi Aramco is first oil major to regain pre-price-war share price

Aramco’s recovery has been achieved on much smaller share volumes than its international counterparts

Gold climbs to seven-year high as Fed warns on US economic growth

Bullion has surged 16 per cent this year as the spread of the virus curbed economic growth

Kuwait’s stock exchange delays trading debut due to Covid-19

The listing, scheduled for April 19, has been postponed until further notice

UAE’s First Abu Dhabi Bank sells 2.5 million shares held by NMC’s BR Shetty

Almost 4.8 million shares which belonged to Shetty were held in a nominee account in Falcon Private Bank which were then transferred to First Abu Dhabi Bank on February 5