The Abu Dhabi Securities Exchange broke the 10,000 points barrier for the first time amidst increased demand for IHC’s Apex National Investment, which drew $2.74 billion in transactions
Dubai bourse
Dubai bourse
Dubai bourse to see debut of India’s fund manager and start-up founder Nikhil Kamath
Several other Indian firms are also expected to follow suit as Dubai seeks to strengthen its position as a global markets hub with a series of announcements on financial incentives and listing plans for marquee state-owned biggies
acquisitions
Dubai’s Amanat exploring deals, sees IPO candidates in portfolio
The government plans to list utility DEWA – likely to be the city’s biggest deal – and its Salik road toll collection system
digital economy
Dubai launches AED1bn fund in push to encourage public listings
New Future District Fund will help to establish 1,000 digital companies in the emirate in the next five years
cloud services
Dubai’s IPO stampede sees first private firm unveil listing plan
Starlink is working with Egyptian investment bank EFG Hermes and expects to finalise its listing on the Nasdaq Dubai bourse in the first quarter of next year
DEWA
Dubai’s utility asks banks to pitch for multi-billion dollar IPO
DEWA has named Moelis as an adviser on what will likely be the city’s biggest listing yet
Dubai bourse
Dubai’s IPO moves add $3bn to bourse operator’s value
A flurry of announcements since the start of the month have helped push Dubai Financial Market’s market value to about $5.4bn
Dubai bourse
Dubai to encourage IPOs from private firms to revive market
Emirate has previously announced plans to list state-owned utility DEWA
Dubai bourse
Dubai bourse to reinstate limit down cap as normality returns after pandemic
Dubai Financial Market says it will reinstate the 10% limit down cap on listed securities daily movement from Sunday
Dubai bourse
Emaar board approves IPO of development unit
The flotation would be the third of an Emaar business unit