Saturday 25 November 2017
 
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Emaar Development sets IPO share price at $1.64

Emaar Development, the UAE build-to-sell (BTS) property development business of Emaar Properties has set the offer price for the initial public offering (IPO) of its ordinary shares at Dh6.03 ($1.64) per share. Based on the offer

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Emaar Development sets IPO share price at $1.64

Emaar Development, the UAE build-to-sell (BTS) property development business of Emaar Properties has set the offer price for the initial public offering (IPO) of its ordinary shares at Dh6.03 ($1.64) per share. Based on the offer

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Drake and Scull posts $98m Q3 loss

Drake & Scull International (DSI), a regional market leader in engineering and construction services, has registered a net loss of Dh359 million ($98 million) for the third quarter of 2017 mainly hit by overall productivity of projects.

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Dubai-based venture capital invests in Wego

MEVP, a leading regional venture capital firm, announced on Sunday that it has invested funds in Wego, an online travel marketplace, in exchange for an equity ownership. MEVP is investing in Wego as part of the company’s lat

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Mideast debt issuance up 53pc to $57bn in H1

Middle Eastern debt issuance reached $57.4 billion during the first half of 2017, an increase of 53 per cent year-on-year, according to a Thomson Reuters report. The value of announced M&A transactions with Middle Eastern invo

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Mideast debt issuance up 53pc to $57bn in H1

Middle Eastern debt issuance reached $57.4 billion during the first half of 2017, an increase of 53 per cent year-on-year, according to a Thomson Reuters report. The value of announced M&A transactions with Middle Eastern invo

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Top equity firm CVC buys Swiss watchmaker Breitling

Top equity firm CVC Capital Partners has agreed to buy Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, in a deal said to be valued at more than 800 million euros ($870 million), said a report.

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Top equity firm CVC buys Swiss watchmaker Breitling

Top equity firm CVC Capital Partners has agreed to buy Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, in a deal said to be valued at more than 800 million euros ($870 million), said a report.

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Geopolitical flux hits GCC IPO market in 2016

The GCC saw one of the weakest performances in the Initial Public Offering (IPO ) segment during 2016 in terms of number of offerings (4, the smallest since 2010) and raising of total proceeds ($781.7 million, the lowest since 2013), according t

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Bahrain group Asma buys into UAE utilities provider

Bahrain’s Asma Capital owned by sovereign institutions including Islamic Development Bank (IDB), has signed a deal valued at $147 million in equity and project finance with UAE-based Utico, a top private full service utilities provider.

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