Due to strong investor demand, Dubai’s supermarket chain operator, Spinneys, has announced an increase in the size of its retail offering for its upcoming IPO. [1] Read More: Spinneys’ $375 Million Du …
Spinneys increases retail share offering for upcoming IPO
Following approval from the UAE’s Securities and Commodities Authority, the UAE Retail Offering has been upped from 45 million shares to 63 million shares. Consequently, the UAE Retail Offering will …
Spinneys increases retail offering of IPO to 63 million shares
Total size of the IPO remains unchanged at 900 million shares; Institutional investors offering now reduced to 93% …
Dubai’s 120 richest families and individuals own $1trln in wealth
The emirate is home to 68,500 millionaires with at least $1 million in liquid assets and 206 centi-millionaires …
UAE Ministry of Finance participated in 2024 IsDB Group annual meetings
Riyadh, KSA – The UAE Ministry of Finance participated in the 2024 Islamic Development Bank (IsDB) Group Annual Meetings held from 27 to 30 April 2024 in Riyadh, KSA. This year’s annual meetings …
UAE banks make history by achieving over Dh650 billion in investments
This was in comparison to about Dh541.4 billion in February 2023, an increase equivalent to Dh111.3 billion within 12 months …
UAE central bank’s balance sheet hits new AED750 billion record in February
The UAE Central Bank ’s balance sheet reached a record AED 750 billion mark at the end of February, marking a historic milestone, the bank said. This is a 32.5 percent jump in the Central Bank’s …
Gulf Youth Games: Emirati athletes raise bar, grab record-breaking 37 medals in single day
Adding another feather to their cap, Emirati athletes continued their impressive showing at the first Gulf Youth Games UAE 2024 as they added a record-breaking 37 medals on the twelfth day.
Entry Requirements for UAE in 2024: Visa or Permit Needed?
Wondering about the entry requirements for the United Arab Emirates (UAE)? Here’s what you need to know to plan your visit according to the UAE governmental 2024 update GCC citizens do not need a visa …
Walmart adds its fintech company to credit lineup
Walmart Inc. shoppers now have a second installment loan option to help them buy big-ticket items. The Bentonville-based retailer has added One, a financial technology firm in which it owns a majority …
Ziina Selects WE ARE Pi as Strategic and Creative Partner
The alignment on strategy, creativity, and commercial growth lays the groundwork for a partnership poised to impact the FinTech industry.
Meet Volt, the London fintech taking on Visa and Mastercard’s duopoly
Could Volt, a London-based fintech, challenge the very biggest players in the payments market? The firm is charged up, writes Lars Mucklejohn For six decades, the global payments industry has been …
As Fintech Expands, Opportunities And Challenges Lie Ahead
Fintech advancements, such as blockchain technology and mobile banking apps, have changed consumers’ relationships with financial services. Here I will discuss the main drivers, current trends …
BRICS Consideration: Will Ripple’s XRP Settlement Platform Be Used for Stablecoin?
BRICS is moving forward with plans to launch a stablecoin for international settlements as well as lessen the dollar’s influence.
Coinstore’s 2024 Dubai Expedition Concludes Successfully
Coinstore successfully hosted two major events: the “2024 Coinstore Premiere Brand Conference ” and the “Finding the Future Alpha” …
Binance founder Changpeng Zhao facing 3-year prison sentence for allowing money laundering
Prosecutors in the US are seeking a 3-year prison sentence for Binance founder Changpeng Zhao ahead of his sentencing for money laundering. View on euronews …
Binance founder Changpeng Zhao faces sentencing; US seeks 3-year term for allowing money laundering
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, faces sentencing in a Seattle courtroom.