Christopher Pike Empower expects to start trading on the Dubai Financial Market on November 15. Photo: Bloomberg . The number of shares on offer for retail investors in the ini …
Wio Bank teams up with Mambu to offer digital banking in UAE
Wio Bank has selected banking technology provider Mambu to offer digital banking services in the United Arab Emirates (UAE).
Dubai’s Empower raises retail offering in its IPO
Emirates Central Cooling Systems Corporation (Empower) has raised the number of shares in the retail tranche of its initial public offering (IPO), citing strong demand and oversubscription from …
Announcement of increase in number of shares offered to retail investors in Empower IPO
The IPO and the distribution of this announcement and other information … a regulatory authority of the Abu Dhabi Global Market (“ADGM”), and the Dubai Financial Services Authority, a regulatory …
Ministry of Finance organises two workshops on Financial Circular No. 8 of 2022
As part of its endeavours to enhance coordination between the federal entities and raise their awareness on instructions related to preparing the final account of the year 2022, the Ministry of …
Wio Bank and Mambu bring digital banking services to the UAE
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Wio Bank goes live on Mambu
Wio Bank, the first platform bank regulated by the Central Bank of the United Arab Emirates (UAE), has announced its successful go live on Mambu.
Nakheel secures strategic finance of AED 17bln to drive new phase of growth
Signs agreement with a syndicate of three banks including Mashreq Bank, Dubai Islamic Bank and Emirates NBD for refinancing AED 11 billion and additional funds of AED 6 billion for new projects …
Nakheel secures $4 billion to develop Dubai Islands, other projects
Nakheel signed agreements with Mashreq Bank, Dubai Islamic Bank and Emirates NBD for refinancing AED11 billion and additional funds of AED6 billion for new projects Nakheel secures $4 billion to …
Dubai’s Nakheel secures Dhs17bn in strategic financing to drive growth
The refinancing of Dhs11bn has been secured through a syndicate of three banks – Mashreq Bank, Dubai Islamic Bank and Emirates NBD. The transactions will further strengthen its financial position, and …
Goldman Sachs funds Dubai’s Sunset Hospitality Group
Sunset Hospitality Group (SHG) has secured $35 million in funding from Goldman Sachs Asset Management. Founded in Dubai 10 years ago, SHG is present across nine countries worldwide and owns and …
UAE’s Emirates NBD opens two new branches in India in Delhi, Chennai
The move is part of the Dubai-based lender’s efforts to expand its global operations following CEPA UAE’s Emirates NBD opens two new branches in India in Delhi, Chennai banking business, banking …
Dubai real estate: $915m transactions recorded on Monday as property boom continues
The start of a new week didn’t slow down the booming Dubai real estate market as transactions continued to fly. Dubai real estate market recorded 643 sales transactions worth AED1.93bn ($525m), in …
Empower IPO set at $724m
Empower increased the share offering to 20% on investor demand Empower IPO set at $724m Dubai, Empower, Investment, IPO, IPO in Dubai Markets …
Dubai to Price Empower IPO at Top of Range, Raising $724 Million
Dubai is set to raise $724 million by pricing its latest initial public offering, Emirates Central Cooling Systems Corp., at the top end of the range.
I have Dh1,000 to spare every month: Here are 5 ways to grow your money
Image Credit: GN Dubai: If you have an extra Dh1,000 that you don’t need right away, you have options to grow it – provided you have a fund fully stocked for emergencies … can diversify your …
UAE-based Emirates NBD invests $100 mn more in India, opens 2 more branches
The bank does not have a captive development centre in India, but has contracted an IT services vendor here to help drive its global operations …