The payout, which is equivalent to 4.0 fils per share, was approved during the company’s first general meeting since listing on the Dubai Financial Market (DFM) in July this year. It is in line with …
UAE Golden Visa announcement: Online quiz revealed to check eligibility in 2 minutes
The test will help users understand if they are eligible to receive a Golden Visa UAE Golden Visa announcement: Online quiz revealed to check eligibility in 2 minutes 10-year visa in UAE, Abu Dhabi …
Sheikh Khaled attends Abu Dhabi Finance Week opening ceremony
Sheikh Khaled bin Mohamed, member of the Abu Dhabi Executive Council and chairman of the Abu Dhabi Executive Office, attended the opening ceremony of Abu Dhabi Finance Week at the Emirates Palace …
Bayut And Dubizzle Owner EMPG Raises US$200 Million And Reveals IPO Plans
Emerging Markets Property Group (EMPG), the Dubai-based unicorn that owns property website Bayut and online classified platform dubizzle in the UAE, has raised US$200 million in a funding round, in a …
Amlak Finance announces third quarter 2022 financial results
Amlak Finance PJSC today announced its Q3 2022 financial results. Amlak reported a net profit of AED 390 million in the first 9 months of 2022 as compared to net profit of AED 1,084 million for the …
UAE: Man accused of taking Dh85,000 from woman swears on God he did not do so; case gets dismissed
A young woman had filed a lawsuit against a man accusing him of taking Dh85,000 from her in form of a loan after promising to marry …
Zomato UAE delivery service to shut down, staff to lose jobs
Zomato’s food ordering feature in the UAE is set to be discontinued from November 24, 2022.. Zomato UAE delivery service to shut down, staff to lose jobs. Application, Talabat, UAE, Zomato, Zomato UAE …
Dubai real estate: $490m of transactions on Monday
Week starts with $378m of property sales in Dubai Dubai real estate: $490m of transactions on Monday Real Estate …
UPDATE 1-KFC’s Middle East and North Africa franchisee sets price range for IPO
Americana Restaurants, the Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut, is set to raise as much as $1.8 billion from its initial public offering after the …
Insights: How banks can unlock the finance needed to get to net zero
To achieve this, the world’s biggest financial players will play a deep enabling role in helping to finance the transition towards sustainable and low carbon growth. At First Abu Dhabi Bank (FAB), we …
326,000 pupils at private schools in Dubai
The American curriculum was the most popular for Dubai’s 32,327 Emirati students, with 60 per cent being taught it. Earlier this month, private school operator Taaleem announced its intention to …
Americana Restaurants IPO covered within hours of its launch
The company, which is valued between Dh21.06 billion to Dh22.07 billion, is looking to raise as much as Dh6.6 billion through the share sale …
Industry Development Council: ‘UAE’s new industrial regulation and development law paves way for future of industry’
UAE Cabinet approves new policy granting exclusive customs exemptions … Undersecretary of Ministry of Finance, His Excellency Omar Al Suwaidi, Undersecretary of MoIAT, His Excellency Major General …
Zomato food delivery services in UAE to end: What happens to customers’ credit/debit card details?
With Zomato renewing its focus on restaurant discovery and dining out, it won’t be possible for residents to order food in the UAE through the app. Starting November 24, customers will be redirected …
Another hedge fund to open office in Dubai early next year
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
UAE visa services: ICP stops accepting payment via eDirham
More UAE federal entities have announced the discontinuation of the eDirham system and alternative payment methods for their …
IPO boom to continue, Abu Dhabi to host 11 deals next year
The launch of a 5 billion-dirham ($1.36 billion) fund to boost public listings has helped, Abu Dhabi’s Department of Economic Development chairman Mohamed Ali Al Shorafa said IPO boom to continue, Abu …