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Adani Group says Hindenburg report is ‘bogus,’ Bill Ackman calls it ‘highly credible’
Companies linked to Indian billionaire Gautam Adani plan a detailed response Friday to a short seller’s report that they labeled as “bogus,” according ... Economy -
Abu Dhabi’s ADX expects increased listings in 2023
The Abu Dhabi stock exchange expects an increase in listings this year, even as global economies grapple with high inflation and rising interest rates ... Financial Markets -
New York’s financial regulator takes aim at firms co-mingling crypto funds
New York’s chief financial regulator is set to release new guidance on Monday dictating that companies separate customers’ crypto assets from their ... Technology -
Asia’s richest man Adani plans on IPOs for at least five companies
Asia’s richest man, Gautam Adani, plans to sell shares to the public in at least five companies between 2026 and 2028, helping the port-to-power ... Economy -
Bitcoin steadies after ending longest winning streak since 2013
Bitcoin steadied after snapping a rare 14-day winning streak as a mood of caution supplanted the risk appetite that drove up a variety of assets at ... Financial Markets -
Meme stock billionaire’s Alibaba wager risks clash with Beijing
Ryan Cohen enthralled a generation of stock market punters by placing counter-intuitive bets on household names from GameStop Corp. to Bed Bath & ... 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 -
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 -
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 -
Saudi Tadawul’s CEO says listing requests from 18 companies approved: Report
Saudi Tadawul Group, the operator of Saudi Arabia’s stock exchange, has given approval to 18 companies to list on the exchange, CEO Mohammed al-Rumaih ... Financial Markets -
Abu Dhabi G42-owned Bayanat seeks to raise $171 mln from IPO
Bayanat, a geospatial and data analytics firm owned by Abu Dhabi’s G42, plans to raise $171 million from an initial public offering, joining a steady ... Financial Markets -
US consumer prices increase more than expected in September, jobless claims rise
US consumer prices increased more than expected in September and underlying inflation pressures continued to build up, reinforcing expectations that ... Economy -
UAE hospital operator Burjeel shares rise 15.5 percent after $300 mln IPO
Abu Dhabi-based hospital operator Burjeel Holdings’ shares rose 15.5 percent on their first day of trading on Monday after the company raised 1.1 ... Financial Markets -
Dubai’s $817 million toll operator Salik IPO covered within hours
Investors snapped up all of the shares on offer in Dubai’s road-toll operator Salik within hours of the IPO opening, indicating that demand for Middle ... Economy -
Gold holds gain as traders weigh outlook for Fed tightening path
Gold held an advance as investors weighed the outlook for the Federal Reserve’s monetary policy tightening path after new data pointed to some ... Financial Markets -
Indian investors alarmed as crypto exchanges block transfer network
Big Indian crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency through a widely-used ... World News -
DEWA shares surge as company makes trading debut in 2022’s second-largest IPO
Dubai Electricity & Water Authority (DEWA) jumped in its trading debut after raising $6.1 billion in the world’s second-biggest initial public ... Gulf -
Dubai’s DEWA says increases IPO size to 17 percent, could raise as much as $5.7 bln
Dubai Electricity and Water Authority (DEWA) more than doubled the size of its initial public offering (IPO) on Tuesday, meaning it could raise as ... Financial Markets -
Gulf bourses mixed, Aramco gains on 2021 profit boost
Major Gulf bourses were mixed in trading on Monday, with Saudi Arabia’s benchmark index rising a day after oil giant Saudi Aramco posted a surge in ... Gulf -
DEWA plans to list 6.5 pct stake in what could be Dubai’s biggest IPO
State-owned Dubai Electricity & Water Authority (DEWA) plans to sell a 6.5 percent stake in what could be the city’s biggest initial public ... Financial Markets -
Gulf IPOs plow ahead as other regions go quiet amid volatility with war in Ukraine
Initial public offerings in the Gulf are proving resilient to the volatility hurting deals in other markets, as high oil prices, stable economies and ... Financial Markets -
Aldar Properties posts record sales and 21 pct profit jump in preliminary results
Abu Dhabi’s Aldar Properties posted a 21 percent increase in net profit and record sales for the 2021 financial year, in preliminary results published ... Property -
Abu Dhabi’s ADQ-backed AD Ports raises $1 billion before market debut
Abu Dhabi’s AD Ports Group, owned by sovereign wealth fund ADQ, said it raised 4 billion dirhams ($1.1 billion) in proceeds from its primary issuance ... Financial Markets -
Saudi Telecom Company lists $3.2 bln worth of shares, second-largest on Tadawul
The Saudi Public Investment Fund (PIF) sold six percent of the share capital of Saudi Telecom Company (STC) worth $3.2 billion, the second-largest ... Financial Markets -
Dubai Financial Market to shift to Monday to Friday week
Dubai Financial Market (DFM) will start trading on a Monday to Friday week beginning Monday January 3 2022 in line with a nationwide weekend change, ... Financial Markets -
Saudi Tadawul has 50 IPO applications for 2022, looking at SPAC model
Saudi Tadawul Group has received 50 applications for initial public offerings (IPO) next year, of which 20 percent to 25 percent are for main-board ... Financial Markets -
Bahrain plans to list airport services company and introduce digital Dinar: Report
Bahrain intends to list five more companies on its stock exchange next year including Bahrain Airport Services Company, and introduce a digital ... Banking & Finance -
Luxury buyers drive up Dubai property prices in runup to 50th National Day: Report
Luxury home buyers drove up Dubai’s home prices as the property market grew by 21 percent in the runup to the United Arab Emirates’ 50th National Day ... Financial Markets -
Al Habtoor Group targets listing of 35 pct: Report
Al Habtoor Group plans to list up to 35 percent of its shares in an offering planned for the third quarter of 2022, the chairman of the Dubai-based ... Financial Markets