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Dubai / WAM Taaleem Holdings on Thursday announced the price range and start of the subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM). Alan Williamson, Chief Executive Officer of Taaleem, said, “We have seen strong interest in our IPO since announcing our Intention to Float on October 31. Today, we are pleased to open ...

Dubai / WAM Salik Company announced that it achieved a net profit of AED242 million in the third quarter of 2022, with revenues increasing 9.1 percent year-on-year (YoY) to AED445 million, driven by solid operational performance reflecting positive economic activity and growth in traffic, while Ebitda reached AED 291 million, yielding a strong margin of 65.4 percent. During its meeting ...

Sharjah / WAM Sharjah Real Estate Registration Department (SRERD) issued a report on the results of real estate transactions for the period ending September 30, revealing that cash trading volumes of the emirate’s real estate transactions amounted to AED 16.6 billion. 65,314 total transactions were carried out, distributed among the various cities and regions of Sharjah, including 5,335 sales transactions ...

Abu Dhabi / WAM Zaki Nusseibeh, Cultural Adviser to the UAE President and Chancellor of the United Arab Emirates University (UAEU), highlighted the importance of the World Media Congress 2022, to be held from November 15-17, as a way for demonstrating the UAE’s exceptional capability to stage international exhibitions. The congress is being held under the theme ‘Shaping the Future ...

US President Joe Biden vowed to make no “fundamental concessions” in his first in-person summit with China’s Xi Jinping, reinforcing already low expectations for any major breakthrough in strained ties between the world’s two largest economies. The two presidents are expected to meet next week on the sidelines of the Group of 20 summit in Bali, Indonesia. Xi’s last meeting ...

In the latest reflection of the Kremlin’s expanding war effort, bomb shelters across Russia are being brought back to life after more than three decades of neglect since the end of the Cold War. State workers are quietly checking basements and other protected facilities, repairing and cleaning installations not used since the Soviet era, according to people familiar with the ...

Serbia will probably hike borrowing costs as the fastest inflation in more than a decade overshadows the risks of a sharp downturn in economic growth. The National Bank of Serbia will lift its benchmark interest rate by 50 basis points to 4.5%, according to nine of 16 economists in a Bloomberg survey. Five expect a quarter-point increase and two see ...

Credit Agricole SA said its regional-bank shareholders would buy up to €1 billion ($1 billion) of the lender’s shares by the first half next year, in a move that takes advantage of depressed prices amid worries over the economic outlook. The Paris-based bank said the regional lenders, through the holding entity SAS Rue La Boetie, would increase their stake to ...

Credit Suisse Group AG promoted executives in its Asia-Pacific wealth management unit and removed a layer of hierarchy in a revamp after recent senior departures in the group. “We have flattened the organisational structure,” Benjamin Cavalli, the bank’s regional wealth head, said in a memo, while elevating market group heads who will report to him. Cavalli said he made the ...

Andrea Felsted Only three months after it emerged that Estee Lauder Cos. was in talks to buy Tom Ford for $3 billion, it’s now being reported that Gucci-owner Kering SA is in advanced discussions to acquire the American designer’s eponymous brand. Kering’s challenge with the label, known for its pricey fragrances and mini-dresses, would be almost the inverse of Estee ...