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Markets
Markets
Americana’s retail offering doubled due to strong demand
The offering is set to raise as much as $1.8 bn
Markets
Global Financial Markets in Brief Week November 7
US inflation report dominates the markets, instills hope
Markets
Saudi PIF plans to sell 10% of its stake in Tadawul
Or 12 million shares
Markets
Listing fees reduce Salik’s profits by 27%
Company's Q3 revenue surged by 9% to AED 445 mn
Markets
UAE’s Taaleem IPO begins subscription at AED 2.95-3 per share
IPO proceeds will be used to fund the development of 4 new premium schools
Markets
ADX derivatives market celebrates 1 billion dirhams in trades
ADX’s derivatives market is region’s most liquid
Markets
Dubai’s Empower raises retail offering in its IPO
Following the strong demand from retail investors
Markets
Global Financial Markets in Brief Week November 1
Investors expect interest rates to rise above 5% next year
Markets
Surpluses reduce Gulf state issuances to $40 bn in 2022
"IIF: UAE is largest recipient of FDI in region
Markets
Americana sets for $2.52 bn UAE, Saudi IPO
By selling 30% of its shares
Markets
Central banks add $20 bn worth of gold in Q3
Turkey remained the largest reported gold buyer in 2022
Markets
Shareholders in Dubai’s Empower increase IPO to 15% of company
After strong investor demand and oversubscription
Markets
UAE’s Taaleem seeks to raise AED 750 mn via IPO
Company will list its ordinary shares for trading on DFM
Markets
UAE’s Bayanat quadruples on IPO debut
Bayanat is first company to list under the tech sector on ADX
Markets
Global Financial Markets in Brief Week October 24
The Federal Reserve's future policy has weighed heavily on the markets
Markets
Fifth auction of UAE T-Bond program receives bids worth AED 7.57 bn
And an oversubscription by 5.0x
Markets
Global Financial Markets in Brief Week October 17
Investors concerned major economies will stagnate before inflation is curbed
Markets
Dubai set to sell 10% stake in Empower through IPO
Company became one of the world's largest district cooling service provider
Egypt
Egypt creating new currency indicator to limit dependence on US dollar
Egypt's central bank is redesigning its currency trading system
Markets
ADX posts 16.9% gains on FADX 15
Driven by new listings, increased investors, and trading uptick
Markets
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
Egypt’s pound expected to fall 14% following IMF agreement
"The pace of the Egyptian pound's decline has already begun"
Markets
Bank earnings revive Wall Street and watchful eyes on tech companies’ results
Will Netflix's results today rescue tech stocks from a recession?
Markets
UAE supermarket chain Lulu hires Moelis for IPO
Supermarket chain plans to list next year
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