Bloomberg Abu Dhabi is set to cash in significant gains as its Mubadala Investment Co. pushes ahead with an initial public offering (IPO) for Spanish oil firm Cepsa, in what could be the largest such deal in a decade. The state-owned investor decided to proceed with an IPO rather than a sale after potential bidders for the company were narrowed ...

Abu Dhabi / WAM The UAE banking sector has continued to top other GCC counterparts in terms of assets value during H1 2018, with a total value of AED2.7 trillion ($748 billion), a growth of 2 percent compared to the end of 2017. According to industry experts, the UAE banking sector’s leading edge corroborates the robust financial solvency it enjoys ...

Bloomberg Saudi Arabia started the sale of dollar-denominated Islamic bonds and is seeking to raise about $2 billion to complete the kingdom’s external funding requirements for the year. The world’s biggest oil exporter mandated BNP Paribas SA, HSBC Holdings Plc, JPMorgan Chase & Co., Citigroup Inc., Mizuho Bank and Samba Capital for the deal, according to a term sheet seen ...