Markets

Dubai’s Empower raises retail offering in its IPO

Following the strong demand from retail investors

Global Financial Markets in Brief Week November 1

Investors expect interest rates to rise above 5% next year

Surpluses reduce Gulf state issuances to $40 bn in 2022

"IIF: UAE is largest recipient of FDI in region

Central banks add $20 bn worth of gold in Q3

Turkey remained the largest reported gold buyer in 2022

Shareholders in Dubai’s Empower increase IPO to 15% of company

After strong investor demand and oversubscription

UAE’s Taaleem seeks to raise AED 750 mn via IPO

Company will list its ordinary shares for trading on DFM

UAE’s Bayanat quadruples on IPO debut

Bayanat is first company to list under the tech sector on ADX

Global Financial Markets in Brief Week October 24

The Federal Reserve's future policy has weighed heavily on the markets

Global Financial Markets in Brief Week October 17

Investors concerned major economies will stagnate before inflation is curbed

Dubai set to sell 10% stake in Empower through IPO

Company became one of the world's largest district cooling service provider

Egypt creating new currency indicator to limit dependence on US dollar

Egypt's central bank is redesigning its currency trading system

ADX posts 16.9% gains on FADX 15

Driven by new listings, increased investors, and trading uptick

Saudi raises $5 bn in first bond sales in nearly a year

Price guidance set at 105 basis points over Treasuries for the Sukuk

Egypt’s pound expected to fall 14% following IMF agreement

"The pace of the Egyptian pound's decline has already begun"

Bank earnings revive Wall Street and watchful eyes on tech companies’ results

Will Netflix's results today rescue tech stocks from a recession?

UAE supermarket chain Lulu hires Moelis for IPO

Supermarket chain plans to list next year

Global Financial Markets in Brief Week October 4

Fed expects to raise interest rates by another 125 basis points this year

Shares of UAE’s Burjeel Holdings surge by 20% on ADX debut

Giving it a market value of more than AED 12.44 bn

Empower set to launch a $700 mn Dubai IPO in November

Firm held initial meetings with investors to raise interest

Kuwait Finance House lists shares on Bahrain Bourse, begins trading tomorrow

Bank lately acquired 97% of Bahrain's Ahli United Bank shares