Markets

Salik raises over $1 bn from IPO

Offering more than 49 times oversubscribed

Salik’s IPO: Individual subscription period set to close today

The qualified investor subscription period will expire tomorrow

Global Financial Markets in Brief September 13

Short-term bond yields continue to rise with anticipation of the Fed's decision

UAE’s Tabreed is latest listed firm to allow 100% foreign ownership

Company amended Articles of Association to remove ownership cap

Dubai’s Salik IPO kicks off, aims to raise $800 mn

After the offering, Dubai government will retain 80% of the company

Euro climbs to three-week high

On Ukraine gains, rate hike forecasts

Japanese Yen hits new lows against US dollar

Reaching a level last seen in August 1998

UAE stocks record AED 10 bn of gains

Gains were notable in the realty, banking, and telecom sectors

Central banks’ appetite for gold remained robust in July

The Qatar Central Bank was the largest buyer

Global Financial Markets in Brief Week August 28

Labor market data indicators raised expectations with a hardline FED approach

Euro hits 20-year low against dollar

It fell 0.70 percent to $0.9884

Net profits of Bahrain bourse listed companies surge to $943 mln

Basic materials sector recorded highest growth rate in total profits

Record Euro area inflation of 9.1% and worsening pressure on ECB

Goldman Sachs expects 75 basis points rise in interest rates

Dubai Diamond Exchange trading rises to $20 bln in H1

DDE has traded 90 billion carats of polished diamonds since 2012

Dubai school operator Taaleem Holdings pushes ahead with IPO plans

Taaleem picked EFG-Hermes, Emirates NBD Bank to lead IPO

Global Financial Markets in Brief Week August 22

In just 8 minutes, Powell caused a market downturn that wiped out about $78 billion

Female investors break stereotypes and strengthen presence in UAE

18% increase in share of Emirati female investors among Saxo Bank clients

Powell warns of ‘some pain’ ahead as Fed struggles to bring down inflation

“We will use our tools aggressively to attack inflation”

Global macro-economics dominating this week’s commodity trading

There is an increased risk that the world economy will slow down

Global Financial Markets in Brief Week August 15

A volatile week on Wall Street with widespread drop in stocks at week’s end