Archive of Financial Markets
-
Saudi Arabia developer Umm Al Qura picks banks for IPO
Saudi property developer Umm Al Qura for Development & Construction Co. is working with banks including Lazard Ltd. on its planned Riyadh initial ... Financial Markets -
Investcorp to invest $1 billion in Saudi Arabia’s real estate over the next five year
Investcorp Holdings, one of the largest asset managers in the Middle East, plans to invest as much as $1 billion in Saudi real estate over the next ... Financial Markets -
Wall St set to open higher as jobless claims data calm rate hike worries
Wall Street’s main indexes were set to open higher on Thursday as data pointing to signs of a cooling labor market eased worries over future interest ... Financial Markets -
Israeli tech exits crash to one-fifth of 2021 level, PwC Says
The value of initial public offerings and mergers and acquisitions in Israel’s tech industry this year fell to one-fifth of 2021 levels as rising ... Financial Markets -
Tesla’s worst-ever year brings $17 bln windfall for shorts
Investors betting against Tesla Inc. are getting the big bonanza they have been waiting for, with the electric-vehicle maker set to record its worst ... Financial Markets -
Ardian, Mubadala Capital in $2.1 bln private equity partnership
Paris-based private equity fund Ardian and Abu Dhabi state investor Mubadala’s asset management arm said on Thursday they were forming a $2.1 billion ... Financial Markets -
Dubai is a new hotspot for bankers chasing IPO deals
In a year that’s seen the worst slump in initial public offerings since the financial crisis, investment bankers covering deals in the Middle East are ... Financial Markets -
Dubai property tycoon’s bet on fast food cements billionaire status
Mohamed Alabbar is best known as the founder of a Dubai real estate firm that built the world’s tallest skyscraper, but it’s an investment in fast ... Financial Markets -
Saudi refiner Luberef prices $1.3 bln IPO at top end
Saudi Aramco Base Oil Co., a refining unit of the state-owned oil producer, priced its Riyadh initial public offering at the top of a marketed range ... Financial Markets -
Takeover of NDTV a ‘responsibility,’ says India’s richest man Adani
Indian billionaire Gautam Adani sees the takeover of news broadcaster New Delhi Television Ltd (NDTV) as a “responsibility” rather than a business ... Financial Markets