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Category: FINANCE

Posted on 16/10/2024

UAE: ADNH catering raises Dh864 million in successful IPO on Abu Dhabi exchange

ADNH Catering plc, a leading food and support services provider in the UAE incorporated in the Abu Dhabi Global Market (ADGM), has successfully completed t..

Posted on 16/10/2024

Dubai and Doha feature in new city competitive tracker, praised for business environment

Dubai’s strong policies to build a safe environment for doing business and the promise of attractive returns, as well as global transport connectivity, helped boost its rating. Investment in …

Posted on 16/10/2024

Kenya in talks for a $1.5 billion commercial loan with UAE, finance minister says

A $1.5 billion loan that Kenya is discussing with the United Arab Emirates is a commercial one with an 8.25% interest rate and a seven-year tenor, Kenya’s Finance Minister John Mbadi said on Wednesday …

Posted on 16/10/2024

T.C. Ziraat Bankası A.Ş. (Ziraat Bank) expands its global presence with the opening of DIFC office

This move reflects the bank’s continued commitment to provide financial services to its customers in the UAE and beyond …

Posted on 16/10/2024

Abu Dhabi’s ADNH Catering sets final IPO price

The catering unit of Abu Dhabi National Hotels has set the final IPO offer price per share at 0.96 UAE dirhams ($0.26), at the top end of the range offered when subscription began earlier this month.

Posted on 16/10/2024

UAE’s Major Step Toward Innovation In Finance

WION UAE’s Major Step Toward Innovation In Finance Posted: 16 October 2024 | Last updated: 16 October 2024 In a big move for the cryptocurrency landscape in the UAE. The central bank of the United …

Posted on 16/10/2024

Home from abroad: how working abroad can make it easier to secure a mortgage

Tens of thousands of Irish people go abroad every year: many see it as a short-term plan to turbocharge their homebuying prospects …

Posted on 16/10/2024

UAE’s ADNH Catering confirms IPO price at Dh0.96/share, gross proceeds at Dh864m

UAE’s latest IPO offered 40%, and each of 3 tranches was oversubscribed Dubai: The UAE’s latest IPO, from ADNH Catering, has set the price at Dh0.96 a a share, which is at the higher end of the range …

Posted on 16/10/2024

Dubai International Financial Centre announces digital assets will and English-language notary service

Dubai International Freezone announces new will for digital assets and major new English-language notary services …

Posted on 15/10/2024

UAE Strengthens Anti-Money Laundering Framework: Key Updates and Amendments

The UAE has reinforced its commitment to combating financial crime with significant updates to its anti-money laundering (AML) legislation.

Posted on 15/10/2024

UAE’s Central Bank approves the launch of an AED stablecoin

The United Arab Emirates (UAE) has granted AED Stablecoin LLC in-principle approval to launch AE Coin, the country’s regulated stablecoin. The stablecoin issuer aims to improve payments and …

Posted on 15/10/2024

Dubai: Fintech Surge lays strategic focus on finance, investment

The panelists discussed real-world applications like decentralised insurance, tokenised real estate, and blockchain-based voting systems …

Posted on 15/10/2024

UAE: Soon, pay with your hand at Metro stations, withdraw cash using ‘palm vein’ technology

Current modes of payment such as credit cards and digital applications will soon be history in the UAE as residents will no longer need these tools for pay..

Posted on 15/10/2024

UAE stablecoin issuer gets greenlight, FTX customers sue hedge fund: Law Decoded

The Central Bank of the United Arab Emirates (CBUAE) granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework. AED Stablecoin’s preliminary license approval …

Posted on 15/10/2024

UAE Approves In-Principle License to First AED Stablecoin Issuer

The Central Bank of UAE has granted partial approval for AED Stablecoin, allowing it to issue the first regulated dirham-pegged stablecoin.

Posted on 14/10/2024

Dubai woos digital startups as it looks to triple number of app developers, targets £27.2bn boost

Dubai Chamber of Digital Economy is supporting startups and fostering growth as it presents highlights at Expand North Star 2024 …

Posted on 14/10/2024

VEON Announces Plan to Move its Headquarters to Dubai International Financial Center

With the move of its headquarters to its hub in the Dubai International Financial Centre (DIFC), the Group will become the largest Nasdaq-listed company with its Group headquarters in Dubai, which is …

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