Thursday 25 April 2019

Arabian Centres launches IPO on Tadawul

Arabian Centres Company, a leading owner, developer and operator of lifestyle shopping centres in Saudi Arabia, said it plans to proceed with an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). The offering is expected to comprise a combination of existing and


2,000 experts to attend Riyadh finance summit

Over 2,000 financial and business leaders are expected to attend the upcoming first Financial Sector Conference (FSC) in Riyadh, Saudi Arabia. The conference will be held under the patronage of King Salman Bin Abdulaziz Al Saud on April 24 and 25 at the King Abdul Aziz Internatio


Trade finance rejection rates increasing: report

Global trade finance rejection rates accelerated in more than one-third or (33 per cent) of institutions surveyed between April 2018 and January 2019 by BNY Mellon, a global investments company. Additionally, nearly three-quarters or (71 per cent) of respondents cited compliance


Arcapita inks strategic partnership with YPO Mena

Arcapita, a global leader in Shari’ah-compliant alternative investments, has entered a strategic partnership with YPO Mena, one of 14 regions within YPO, a global leadership organization. YPO is the premier leadership organization for more than 27,000 chief executives in ov


Bank Lombard Odier gets nod to operate at ADGM

Bank Lombard Odier & Co has become the first Swiss private bank to receive a license to operate at the Abu Dhabi Global Market (ADGM), the UAE capital’s international financial hub. This marks the Bank’s second location in the UAE, enhancing its presence in the Co


Bahrain economic growth surges 4.6pc in Q4 2018

Bahrain’s economy recorded a real growth of 4.6 per cent and 6.5 per cent in current prices during the fourth quarter of 2018 compared to the same period of the previous year, said the Information & eGovernment Authority (iGA) in a new report. According to the report, t

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