Edition:
International

Hadeel Al Sayegh

Analysis-DAMAC delisting plan piles pressure on shrinking Dubai market

Jun 15 2021

DUBAI Dubai's stock market is set for another delisting, raising a question mark over the future of one of the Gulf's major exchanges, which was launched two decades ago.

Saudi Arabia bars foreign travellers from Haj over COVID-19

Jun 12 2021

DUBAI (Reuters) -Saudi Arabia has restricted the annual Haj pilgrimage to its own citizens and residents for the second year running in response to the coronavirus pandemic, the state Saudi Press Agency (SPA)reported on Saturday.

Investcorp weighs taking Saudi Arabia's Al Borg public - sources

Jun 10 2021

DUBAI Middle Eastern fund Investcorp is considering a public share sale of Saudi Arabia's Al Borg Medical Laboratories, two sources familiar with the matter said.

Exclusive: SoftBank tech fund in talks to invest in Dubai cloud kitchen Kitopi - sources

Jun 02 2021

DUBAI SoftBank Group Corp is in talks to invest in Dubai "cloud kitchen" Kitopi's latest funding round through its second technology fund, sources familiar with the matter said.

Abu Dhabi's Mubadala hires banks for Yahsat's IPO - sources

Jun 02 2021

DUBAI Abu Dhabi state investor Mubadala has hired banks for the planned initial public offering of Al Yah Satellite Communications Company (Yahsat) which could raise over $500 million, three sources said.

Bondholders hire Rothschild to help oppose Dubai fund revamp -sources

May 23 2021

DUBAI A group of creditors has hired financial adviser Rothschild and law firm Clifford Chance to help oppose the terms of a proposal by Dubai-listed Emirates REIT to exchange $400 million in Islamic bonds for new instruments, sources said.

Bondholders hire Rothschild to help oppose Dubai fund revamp -sources

May 23 2021

DUBAI, May 23 A group of creditors has hired financial adviser Rothschild and law firm Clifford Chance to help oppose the terms of a proposal by Dubai-listed Emirates REIT to exchange $400 million in Islamic bonds for new instruments, sources said.

Abu Dhabi's ADNOC in early talks with investors ahead of drilling unit IPO-sources

May 17 2021

DUBAI (Reuters) -Abu Dhabi National Oil Company (ADNOC) has started virtual meetings with potential investors ahead of the planned initial public offering of its drilling unit, two sources told Reuters.

Abu Dhabi's ADNOC invites banks to pitch for bookrunner roles for drilling unit IPO - sources

May 09 2021

DUBAI Abu Dhabi National Oil Co (ADNOC) has invited investment banks to pitch for bookrunner roles for the initial public offering of its drilling unit, two sources told Reuters on Sunday.

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