In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved Law No. (23) of 2024 pertaining to the Government …
UAE: Federal Decree-Law on Tax Procedures amended
The UAE eInvoicing implementation is based on a decentralised, five-corner model that will allow sellers and buyers to exchange invoices via Accredited Service Providers (ASPs). ASPs will transmit tax …
UAE is leading hub for Islamic finance: FTSE Russell CEO
This latest launch provides focused exposures, to the top 15 Shari’ah-compliant companies, within Abu Dhabi,” she added …
Sheikh Mohammed approves largest budget ever in Dubai’s history with revenues of Dhs302 billion
A total of 46 per cent of the budget for the forthcoming financial year has been earmarked for infrastructure projects, including the construction of roads, bridges, energy facilities and water …
Dubai approves largest budget in emirate’s history
Dubai has approved the government budget for 2025-2027 with revenues amounting to Dh302 billion and expenditures of Dh272 billion, which is the largest in the history of the emirate. Revenues for the …
LuLu IPO: More retailers across MENA now eye IPO, up to $100bn in market cap on the way
Strong fundamentals such as stability, sustainability and scalability to drive the IPO surge among the region’s retail and grocery market players …
Dubai real estate: Property market remains strong despite expectations of correction, says new report
Several visa reforms, including the Golden Visa, have provided stability for residents and attracted affluent international investors …
Lulu Retail eyes raising $1.43b through UAE maiden offering
This will be the country’s biggest IPO this year. Lulu Retail Holdings has announced plans to raise $1.43b through an initial public offering (IPO) that will be listed on the Abu Dhabi Securities …
UAE is committed to promoting innovation in the financial sector
The UAE, represented by the Ministry of Finance and the UAE Central Bank, concluded its participation in the Annual Meetings of the International Monetary Fund (IMF) …
Forex Trading in Dubai: How It Works With Global Currency Markets
Dubai, one of the most vibrant financial centers in the world, has become a top choice for entrepreneurs and investors looking to forex trading.
UAE: Lulu Retail sets IPO price range as subscription opens
The minimum application size for first tranche subscribers is Dh5,000 with any additional application to be made in increments of Dh1,000 …
LuLu IPO: How to invest in UAE’s latest blockbuster public listing
Based on the price range, Lulu Retail’s market capitalisation could reach between AED 20.04 billion and AED 21.07 billion …
Grocer Lulu’s $1.43 Billion Abu Dhabi IPO Sells Out in an Hour
Lulu Retail Holdings Plc had demand for all shares in its 5.27 billion dirhams ($1.43 billion) initial public offering an hour after books opened on the deal.
Deem Finance becomes the first employer to enroll in Daman Investments’ end of service program
Deem Finance, a UAE-based, digitally-driven financial services provider, is pleased to announce a pioneering collaboration with Daman Investments, thereby becoming the first institution to participate …
Banks in UAE close 11 branches due to cost-reduction strategies
A report by the Central Bank indicates that the number of bank branches operating in the UAE decreased from 493 at the end of the first half of 2023 to 482 by the end of the first half of 2024.
Lulu IPO: Retailer aims to raise up to $1.43bn from Abu Dhabi listing
UAE retail major Lulu Group is aiming to raise up to Dh5.27 billion ($1.43 billion) from its initial public offering in Abu Dhabi, which would make it the largest listing in the UAE so far this year, …
UAE investment firm Seventy Ninth Group doubles funding to $648k for UK metals explorer amid soaring gold prices
The increase from £230,000 to £500,000 reinforces The Seventy Ninth Group’s strong commitment to supporting First Class Metals PLC’s exploration initiatives …