Edition:
United Kingdom

Hadeel Al Sayegh

First Abu Dhabi Bank in talks to buy Egyptian unit of Lebanon's Bank Audi: sources

22 Jan 2020

DUBAI United Arab Emirates'(UAE) largest lender First Abu Dhabi Bank (FAB) is in talks to potentially acquire the Egyptian subsidiary of Lebanon's Bank Audi, two sources familiar with the matter told Reuters.

JPMorgan first major brokerage to rate Saudi Aramco 'overweight'

15 Jan 2020

DUBAI JPMorgan is the first major brokerage to initiate coverage of Saudi Aramco with an "overweight", setting a price target of 37 riyals ($9.86) per share and saying it sees scope for an increase in the energy giant's proposed $75 billion base dividend.

JPMorgan initiates coverage of Saudi Aramco with 'overweight' rating

15 Jan 2020

DUBAI, Jan 15 JPMorgan has initiated coverage of Saudi Aramco's shares with an "overweight" rating and a price target of 37 riyals ($9.86) per share, saying it sees scope for the company to increase its proposed $75 billion base dividend.

RPT-Banks lobby Aramco for incentive fee after slim IPO pickings -sources

14 Jan 2020

DUBAI/LONDON, Jan 13 Global banks who worked on Saudi Aramco's record initial public offering are pushing for an additional "incentive fee", three sources familiar with the matter said, as they try to boost relatively low earnings from the deal.

Banks lobby Aramco for incentive fee after slim IPO pickings: sources

13 Jan 2020

DUBAI/LONDON Global banks who worked on Saudi Aramco's record initial public offering are pushing for an additional "incentive fee", three sources familiar with the matter said, as they try to boost relatively low earnings from the deal.

First Abu Dhabi Bank to auction Al Jaber's Dubai Shangri-La hotel: sources

09 Jan 2020

DUBAI First Abu Dhabi Bank (FAB) has started an auction process for a Dubai hotel operated by Shangri-La and owned by indebted construction group Al Jaber with a starting price of 700 million dirhams ($190.59 million), two sources said.

Exclusive: Dubai's Emaar to sell view from world's tallest tower - sources

23 Dec 2019

DUBAI Emaar Properties is selling the observation decks of the world's tallest skyscraper the Burj Khalifa, four sources told Reuters, potentially raising $1 billion for Dubai's biggest developer amid a real estate downturn.

Saudi Aramco prices shares at top of range in world's biggest IPO

06 Dec 2019

RIYADH/DUBAI State-owned oil giant Saudi Aramco's initial public offering (IPO) will be the biggest in history, but will fall short of the towering $2 trillion (£1.56 trillion) valuation long sought by Crown Prince Mohammed bin Salman. | Video

Saudi Aramco's bookrunners recommend pricing IPO at top end: sources

04 Dec 2019

RIYADH/DUBAI Saudi Aramco's bookrunners have recommended pricing its initial public offering at 32 riyals ($8.5) per share, the top of an indicative price range, three sources familiar with the deal said, potentially making it the world's biggest IPO.

World News