Bank of America is one of more than 20 institutions working on Saudi Aramco’s IPO
Up to 62 per cent of the region’s online consumers continue to prefer the cash-on-delivery (COD) option
Saudi is also leaning on friendly governments to drum up demand for the listing
Investors were also perusing the prospectus of Saudi Aramco’s initial public offering, which will take place in Riyadh
President Michel Aoun said lawmakers will meet November 12 to consider lifting the wide immunity granted to government officials and parliamentarians
Currently, Emiratis constitute 26.1 per cent of the UAE’s banking workforce
The sale of half the exchange to local citizens began last month and will end on December 1
IMF hails steps for UAE’s SME strategy, lists sustained growth and diversified economy as key priorities
Revenues in the third quarter reached Dhs78.1m, compared to Dhs69.5m last year
The fund will target early and growth stage firms across the region
The IPO process officially started Sunday, with the company filling a so-called intention to float document
UAE banks can currently lend as much as 20 per cent of customer deposits to the property industry
The final offer price, number of shares to be sold and percentage of the shares to be sold is yet to be determined
Aramco’s shares are likely to start trading in December
Aramco is also considering boosting next year’s dividend to $80bn to win over investors
The initial public offering will happen soon, says energy minister
Saudi Aramco is working toward an IPO that may raise $40bn
The group operates the BinDawood and Danube supermarkets and hypermarkets
Work on the potential share sale in Neopharma is at an initial stage
Thiam to Fink – the who’s who of finance head to the global investment forum slated to be held this week
The bank had announced in April that the outgoing CFO Surya Subramanian will return to Singapore to pursue family interests
The bank completed a three-way merger in May
The global banking and markets and commercial banking units may bear the brunt of the reductions, sources said
A total of $237m has been invested in MENA fintech firms since 2015
A 100 per cent excise tax on tobacco and tobacco products, as well as electronic smoking devices and liquids comes into effect this year
The state-owned oil producer is considering making a formal announcement of the listing plan as soon as the next few weeks
Tech firm to launch service in 2020
The kingdom has already raised $10.9bn of Eurobonds this year
The $250m fund will empower local tech talent with a wider regional focus
UBS has embarked on a sweeping overhaul of its investment bank, in changes that may ultimately eliminate hundreds of positions