UAE’s construction giant, Alec Holdings, is set to launch its Dubai IPO between AED 1.35 and 1.40 per share, opening subscriptions from September 23 to 30, 2025. The company, known for its …
UAE: Ministry of Finance signs MoU with RUWAD to support SMEs
The Ministry of Finance has signed a Memorandum of Understanding with the Sharjah Foundation for Supporting Entrepreneurial Projects (Ruwad), an affiliate of the Sharjah Economic Development …
Hamdan bin Mohammed Highlights Dubai’s Lead in Global Investment
Ranking No.1 globally in terms of the number of Greenfield FDI projects it attracted for the eighth consecutive half-year period since H2 2021, Dubai has underlined its status as a leading hub for …
Dubai: Alec Holdings announces price range for IPO, plans to raise up to Dh1.4 billion
A total of one billion shares — equivalent to 20 per cent of Alec’s share capital — are to be offered, resulting in an offering size between Dh1.35 billion and Dh1.40 billion …
Dubai construction firm ALEC Holdings shares IPO price range
The Dubai-based construction and engineering firm ALEC Holdings has shared its price range between 1.35 UAE dirhams ($0.367) and 1.40 dirhams ($0.40) per share, ahead of its IPO. This implies a market …
Dubai listing poised to value Alec at nearly $2bn
Dubai contractor Alec Holdings has set the price range for its initial public offering (IPO), raising between AED1.35 billion and AED1.40 billion ($367.6- 381.2 million) from its potential listing on …
Invest Bank’s new personal loan offers six-month grace period
The newly launched “No pressure. Repay next year” personal loan provides a smarter, stress-free way to borrow for urgent financial needs, such as emergencies, home improvements, or education, with …
UAE enters agreement to join the global Crypto-Asset Reporting Framework (CARF)
The UAE has signed a Multilateral Competent Authority Agreement (MCAA) to join the global Crypto-Asset Reporting Framework (CARF).
UAE surges as a global investor as Saudi spigot slows: Report
Saudi now attracts more capital than it exports, while the UAE has emerged as a massive outward investor, a McKinsey report found.
UAE: Gross banks’ assets up 1% in July 2025
The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.3%, from AED1,026.2 billion at the end of June 2025 to AED1,029.5 billion at the end of July 2025. The …
UAE developer Binghatti Holding mandates banks for USD Reg S long 3-year green sukuk
The sukuk offering will come under Binghatti Sukuk 2 SPV Limited’s $1.5 billion Trust Certificate Issuance Programme …
HSBC opens first Middle East wealth hub in Dubai to tap booming UAE investment market
The investment in the 24,000 sq ft wealth hub is the bank’s largest in the last 20 years in the premier banking segment, HSBC UAE CEO says.
Dubai’s DIEZ trade hit record $91.5bn in 2024, up 19 per cent
Dubai’s DIEZ posted record $91.5bn trade in 2024, up 19 per cent, with non-oil share at 13.7 per cent. Growth driven by key sectors and Dubai’s D33 agenda …
Dubai real estate: Proptech firm Holo offers $136,000 prize to homebuyers
Dubai proptech platform Holo has launched one of the country’s biggest homebuyer promotions, offering AED 500,000 ($136,000) towards an off-plan property as the emirate’s real estate market records …
Dubai is balancing on a property price knife-edge
These days $1m (£732,800) doesn’t go far in London or New York’s property market. Just 366 sq ft of luxury living space on average can be yours in either city for that money, according to estate agent …
UAE signs Multilateral Competent Authority Agreement on the Automatic Exchange of Information
Abu Dhabi: The Ministry of Finance has signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF), following its …
QNB Group, Standard Chartered and DMZ Finance launch DIFC’s ‘first’ tokenised money market fun
QNB Group, Standard Chartered and DMZ Finance jointly announced that the Dubai International Financial Centre’s (DIFC) first regulated tokenised money market fund, the QCD …