IPOs in the Middle East have fetched $5.1bn so far this year, exceeding volumes seen during the same period in nine of the last 10 years
The tie-up of HDFC Bank and Housing Development Finance Corporation creates a lender that ranks fourth in equity market capitalisation
Sheikh Jassim, chairman of Qatar Islamic Bank and a former board member of Credit Suisse Group AG, confirmed his bid
From January, the UAE will adopt a Monday-Thursday work week with Friday being a half day
The bank stated that 101,731,408 of its shares were purchased by 254 unique investors on May 28
The acquisition of a 100 million shares is worth around Dhs900m