Category: FINANCE

The central banks of India and the United Arab Emirates (UAE) are discussing the creation of a mechanism to engage in bilateral trade in local currencies, in order to reduce transaction costs for …

The new phase of the Dubai Metaverse Strategy was approved at the first meeting of the Higher Committee of Future Technology Development and Digital Economy.

This will contribute to building partnerships and supporting more than 170,000 Emirati beneficiaries in both the private and banking sectors over the next five years.

The transaction marked the largest issue size in the international capital markets from a GCC bank since February 2022 …

With hopes to scale its services across the UAE and introduce new features, Klaim is also looking to move into the B2C market.

With hopes to scale its services across the UAE and introduce new features, Klaim is also looking to move into the B2C market.

The Middle Eastern operator of KFC and Pizza Hut outlets drew orders worth $105 billion for its initial public offering, raising $1.8 billion for its shareholders in the first-ever dual-listing in …

Americana drew orders of $105bn in historic dual-listing KFC operator Americana raised $1.8bn in IPO, restaurant giant valued at $6bn Americana, Americana Group, Americana IPO, Americana Restaurants …

Increased global uncertainty led to larger financial inflows, contributing to rapid real estate price growth in some segments.” Looking ahead, the report says, the UAE economic outlook remains …

Dubai’s Virtual Assets Regulatory Authority (Vara) has suspended the two-month-old license of FTX Exchange FZE.

Americana, the largest quick-service restaurant operator in the Mena region, has raised $1.8 billion from its initial public offering, which will result in the company listing on the Arab world’s two …

Saudi oil giant Aramco’s base oil subsidiary, Luberef, has received the green light from the kingdom’s stock market regulator for an initial public offering, the Capital Market Authority said on …

Pure Health IPO seen fetching over $1 billion, CEO says; Targets tech unit IPO in 3rd quarter, with $1 bln assets; Mulls IPO of International Energy Holding next …

According to Redseer, 60 percent of UAE respondents plan to shop this season. Out of which, 71 percent are expected to spend more compared with 2021.

UAE-based fintech Qashio, has raised $10 million in a Seed round through a mix of equity and no equity financing.  Investors …

A gang of five men — who wiped out residents’ savings accounts by pretending to be bank employees — was arrested in Sharjah, police said on …

Finance House, one of the UAE’s leading financial institutions, today launched MENA’s first instant loan facility for Small and Medium-sized Enterprises (SMEs) in the UAE, against their gold holdings …