SPAC - Global Business Magazine

ADX market capitalization crosses AED 2 trillion

Global Business Magazine June 9, 2022

For the first time in its history, the market capitalization of Abu Dhabi Securities Exchange (ADX) has crossed AED2 trillion ($545 billion) on Read More

Business Featured News Regional

UAE’s first special purpose acquisition company comes into existence

Global Business Magazine April 15, 2022

ADQ, Abu Dhabi Developmental Holding Company and the state-owned Sovereign Wealth Fund, and Chimera Investments, a private investment firm, have set up Read More

Finance News World

Analysis: SPACs splash the cash to salvage deals as market

Global Business Magazine March 16, 2022

SPACs are turning to costly new tactics to keep investors from jumping ship as market confidence wanes in the once red-hot alternative Read More

Finance Featured News Regional

Saudi Arabia, UAE Leads GCC IPO Market In 2021

Global Business Magazine February 24, 2022

Saudi Arabia led the GCC region as far as issuances of the Initial Public Offerings (IPOs) were concerned in 2021, a research by Read More

Finance Featured News Regional

IPO Boom Makes ADX ‘s Market Liquidity increase By Five-fold

Global Business Magazine February 22, 2022

Abu Dhabi Securities Exchange (ADX)’s market liquidity jumped five-fold amid an IPO boom in 2021.Read More

Finance News World

Gulf Capital considering SPAC with Abu Dhabi listing -sources

Global Business Magazine February 21, 2022

Abu Dhabi asset manager Gulf Capital is considering setting up a special purpose acquisition company (SPAC) that will list on the Abu Read More

Technology News World

Faraday Future says review found inaccurate statements made to investors

Global Business Magazine February 2, 2022

Electric vehicle firm Faraday Future Intelligent Electric Inc (FFIE.O) said on Tuesday its review had identified certain inaccurate statements made by Read More

Business Economy News Regional

UAE regulator approves Gulf’s first SPAC framework

Global Business Magazine January 24, 2022

The United Arab Emirates' Securities and Commodities Authority (SCA) has approved a regulatory framework for special purpose acquisition companies (SPACs), the first Read More

Business Economy News World

Analysis: Record IPO binge in 2021 leaves investors hung over

Global Business Magazine December 27, 2021

Initial public offerings (IPOs) around the world raised a record $594 billion in 2021, riding the coattails of stock market rallies, yet often disappointing Read More