Archive of Financial Markets
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UAE’s deal-hungry IHC plans health and IT business IPOs
International Holding Company plans to sell 20 percent of its technology unit in an initial public offering next year, its CEO told Reuters, adding ... Financial Markets -
Dubai district cooling firm Empower rises in trading debut after $724 million IPO
Emirates Central Cooling Systems Corp. rose in its Dubai debut following an initial public offering that attracted $34 billion in orders, underscoring ... Financial Markets -
Adani revises open offer timeline to take over Indian broadcaster NDTV
Adani Group revised its timeline to acquire a controlling stake in the Indian broadcaster New Delhi Television Ltd., a takeover attempt that has ... Financial Markets -
Middle East bucks IPO slump as investors flock to Saudi Arabia, UAE markets
Almost half of the listing proceeds in Europe, the Middle East and Africa this year come from the Arabian Gulf, as the region bucks a global downturn ... Financial Markets -
Dubai utility DEWA Q3 net profit up 10 percent to $863 mln
Dubai Electricity and Water Authority reported a 10 percent increase in third-quarter net profit to 3.17 billion dirhams ($863 million) on Thursday, ... Financial Markets -
Dubai school operator Taaleem joins Middle East IPO boom
Dubai private school operator Taaleem Holdings PJSC is set to raise as much as $204 million in an initial public offering, the latest in a flurry of ... Financial Markets -
Adidas cuts profit forecast after ending Yeezy partnership with Kanye West
Adidas AG slashed its profit forecast for the third time since July after ending its partnership with rapper Ye and discontinuing the lucrative Yeezy ... Financial Markets -
Arabian Drilling Co shares up 18 percent on Tadawul market debut
Shares of Arabian Drilling Company, a Saudi oilfield services firm, were up 18 percent above its listing price on its market debut in Riyadh on Monday ... Financial Markets -
Dubai raises Empower IPO size by 50 percent on strong demand
Dubai increased the size of Emirates Central Cooling Systems Corp.’s initial public offering by 50 percent after drawing strong investor demand, in ... Financial Markets -
Dubai Aerospace, with 19 jets stuck in Russia, sues 11 insurers in London
Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and ... Gulf