Dubai’s key tourism sector is unlikely to rebound for at least a year, according to S&P Global Ratings. While the city will witness a modest recovery this year helped by one of the world’s highest …
Free parking in Dubai, Abu Dhabi and Sharjah for public holiday
Chris Whiteoak Parking in Dubai will be free on Thursday for the public holiday. Chris Whiteoak / The National . Street parking will be free in Dubai, Abu Dhabi and Sharjah on …
Dubai Land Department receives 100% ‘Paperless Stamp’ from Digital Dubai
The move is in line with the “Dubai Paperless Strategy” that abides with the values of environmental protection …
French express parcel firm Geopost acquires 20.15% stake in Dubai’s Aramex
GeoPost, the express parcel arm of French Groupe La Poste (LAPST.UL), has acquired a 20.15% stake in Dubai-listed courier firm Aramex , according to a regulatory filing on Wednesday.
Influx of global millionaires driving up Dubai’s housing market boom
A huge influx of millionaires in Dubai has contributed to the recent housing market boom in the emirate, with several ultra-high-net-worth individuals (UHNWIs) acquiring $8 million-plus homes since …
Dubai Sports Council (DSC) Signs an Exclusive Technology Partnership Agreement with Tecnotree
Tecnotree, a leading global provider of technology solutions for Digital Service Providers, announced at GITEX Global (the undisputed tech event for the last 40 years) that Dubai Sports Council (DSC) …
Abu Dhabi’s Fertiglobe IPO raises $795mln; valuation seen at $5.8bln
The Abu Dhabi-based Fertiglobe raised $795 million in its initial public offering (IPO) on the back of strong investor demand for the third largest offering on the Abu Dhabi Securities Exchange. At …
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Middle East fertiliser firm Fertiglobe raises $795m in IPO backed by Singapore
Abu Dhabi’s state energy company and OCI NV has raised $795 million by listing their Middle Eastern fertiliser venture, drawing around $17 billion of orders and attracting investors including a …
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Abu Dhabi Investment Authority to invest $400m in Indonesia’s GoTo Group’s pre-IPO fundraising
Dubai: The Abu Dhabi Investment Authority (ADIA) said on Wednesday that a wholly owned subsidiary has entered into an agreement with GoTo Group, the largest digital ecosystem in Indonesia, for ADIA to …
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ADIA to invest $400m in Indonesia’s GoTo Group’s pre-IPO fundraising
Dubai: The Abu Dhabi Investment Authority (ADIA) said on Wednesday that a wholly owned subsidiary has entered into an agreement with GoTo Group, the largest digital ecosystem in Indonesia, for ADIA to …
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Fertiglobe sets mid-range IPO price, gross proceeds of around $795 million
Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI, said its initial public offering was priced at 2.55 dirhams ($0.6943) a share, raising around $795 million for …
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Dubai’s Biggest Bank Still Waiting for Asset Quality to Improve
Emirates NBD PJSC reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely improved.
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Dubai’s Emirates NBD nine-month profit rose an annual 29% to Dhs7.3bn
Emirates NBD reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely improved. Dubai’s biggest bank said its nine-month profit rose an annual 29 per cent …
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‘UAE leading in financial services transformation’: Day 3 of inaugural Fintech Surge
The UAE has firmly established itself as ecosystem for Fintech startups and is leading an industry tech-driven revolut …
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Crypto cracking out of shell: Regulation, education needed to speed up adoption
For cryptocurrency to succeed in any form, either as a payment mechanism or asset class, adoption of digital currencies must rise steadily, and education and regulation can help with that, exchange …
Abu Dhabi inaugurates two new heavy vehicle inspection centres
Abu Dhabi’s transport authorities and the Abu Dhabi Police have recently inaugurated two new centres in the emirate for the inspection of heavy vehicles. Earlier this month, the first of these two …
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Abu Dhabi wealth fund to lead GoTo’s pre-IPO funding with US$400 million investment
The Abu Dhabi Investment Authority will invest US$400 million to lead a pre-IPO fundraising exercise by Indonesia’s biggest tech group, GoTo, the southeast Asian firm said on Wednesday.In a statement, …
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