Capital Raising & Corporate Finance
Talabat Stumbles Despite UAE’s Top 2024 Listing
The Middle East subsidiary of Delivery Hero, Talabat, raised $2 billion from an initial public offering on Dec. 10. Talabat...
Author: Mark Townsend
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Economics, Policy & Regulation
Global Rules, Local Impact: UAE Aligns With OECD
Starting Jan. 1, the United Arab Emirates (UAE) will levy a tax of 15% on large multinationals (MNCs) operating in...
Capital Raising & Corporate Finance
Lulu IPO Gets Mixed Reception
Lulu Retail Holdings, a major operator of hypermarkets in the Middle East, raised $1.72 billion last month in an initial...
News
China’s $1.3 Billion Peru Gamble Redraws Global Trade
A new $1.3 billion deep-water megaport in Peru will likely become the latest battleground in a rumbling trade dispute between...
Banking
ADQ To Purchase Odeabank
Abu Dhabi Development Holding Company (ADQ) has agreed to acquire a 96% stake in Bank Audi’s loss-making Turkish subsidiary, Odeabank,...
Technology
UAE: Global Chip Makers Evaluate Building Plants In The Gulf
Samsung Electronics and Taiwan Semiconductor Manufacturing Company (TSMC) have held talks with United Arab Emirates (UAE) officials that could see...
Banking
Egypt: United Bank Stake For Sale
Egypt’s government plans to sell a stake in United Bank via an initial public offering (IPO) during the first quarter...
Banking
Kuwait: Boubyan, Gulf In Merger Talks
Kuwait lenders Boubyan Bank and Gulf Bank—the emirate’s third- and fifth-largest banks—have disclosed they are in preliminary talks that may...
Features
GCC Banking’s New Techno-Frontier
Generative AI could help the Gulf’s traditional banks wrest the competitive advantage back from challenger and neobanks. While artificial intelligence...
Economics, Policy & Regulation
GCC Banks Face The Urge To Merge
Will Fed rate cuts and geopolitics fuel more M&A deals by GCC banks? Another year, another bumper crop of profits....
Economics, Policy & Regulation
First Income Tax In GCC Approved By Oman’s Parliament
Oman is on course to become the first Gulf Cooperation Council (GCC) state to introduce a personal income tax as...
Economics, Policy & Regulation
China’s BYD Races Ahead With New Plants In Emerging Markets
BYD, the Chinese manufacturer of batteries and electric vehicles, is rapidly becoming the dominant force in the global EV space,...