Dubai Taxi Company on Wednesday announced that its initial public offering (IPO) was oversubscribed 130 times. The final offer price was set at Dh1.85, indicating a market value of Dh4.6 billion when …
New Dh500 banknote issued by UAE Central Bank
The new banknote is being issued in the same blue colour, for easier identification and will go into circulation on Wednesday, November 30 …
First look: UAE issues new AED500 note to celebrate COP28 and National Day
The UAE has issued a new-look AED500 note as it prepares to host COP28 in Dubai. Coinciding with hosting COP28 and celebrations for the country’s 52nd National Day, the Central Bank of the UAE …
UAE-China ink multibillion-dollar deals as ties grow
The United Arab Emirates and China are major trade partners and have strengthened cooperation in both finance and energy in recent months.
UAE: Ministry of Finance to organise high-level roundtable to discuss climate finance during COP28
The UAE Ministry of Finance announced its participation at the 28th United Nations Climate Change Conference of the Parties (COP28) scheduled to be held in the UAE from 30th November to 2nd December …
Retail tranche of Dubai Taxi Co IPO grows as local investors pile into the book
With Dubai Taxi Co, and the IPO of the emirate’s car parking business in the New Year, the government of Dubai has restarted a privatisation drive that has been paused for more than a year. Dubai’s …
Dubai Taxi Company announces IPO shares increase due to strong demand
The overall size of the IPO remains unchanged at 624,750,000 ordinary shares, representing 24.99 percent of the company’s total issued share capital …
Central Bank of UAE hosts CIBAFI’s pre-COP28 roundtable
This release follows CIBAFI’s earlier efforts in promoting sustainable development, including the publication of the CIBAFI Sustainability Guide, illustrating its continuous commitment to responsible …
Checkout.com appoints Standard Chartered as banking partner in MENA
November 2023 – Dubai, United Arab Emirates: Checkout.com, the global payments service provider, announced today a strategic partnership with Standard Chartered as their cash management bank to bring …
Dubai real estate: When is the ‘best time’ to buy property? Experts reveal
According to Betterhomes’ Senior Sales Agent Calvin King, the “best time” to buy property in Dubai solely depends on personal circumstances and financial readiness. “Currently, many residents who are …
So, what can Dubai do? COP28 will really test rich nations’ commitment to climate finance. Big Oil & Big Gas will be under severe scrutiny
There is always a hype built around the annual United Nations Climate Change Conference. Every Conference of the Parties (COP) is projected as a do-or-die meeting. Success is typically measured by the …
Dubai Taxi IPO: Company increases shares offered to retail investors
Dubai Taxi Company increased the total number of shares allocated to retail investors in its initial public offering, amid strong demand from subscribers.The UAE retail offer was increased to 74.97 …
Saudi Arabia wins World Expo 2030 bid; New Kuwait Tax; Pope cancels Dubai COP28 visit – 5 trending stories to read today
Revealed: Dubai landlords prefer young IT professionals … Kuwait could boost non-oil revenues by introducing a new tax, according to its Finance Minister. Fahad Al Jarallah said on Tuesday that the …
UK-based net zero asset manager HYCAP Group expands to UAE
The group also has plans for a UAE-based GCC Fund that will invest in companies serving the net zero energy transition and clean hydrogen supply chain …
Dubai Financial Market’s New York Roadshow Ignites Strong Institutional Engagement, Concluding 2023 International Series.
The Dubai Financial Market (DFM) has successfully concluded its final International Investor Roadshow of the year in New York. Marking its second appearance in the city in 2023, the event garnered sig …
UAE extends help; to invest 20 -25 billion in cash-strapped Pakistan
UAE is likely to invest between $20-25 billion in Pakistan under several agreements. The memorandums of understanding (MoUs) cover various sectors including energy, port operations, wastewater …
Dubai Taxi Company ups IPO shares for retail investors
Dubai Taxi Company (DTC) today (November 28) announced an increase in the number of shares offered in the UAE retail offer of its IPO owing to significant oversubscription. Following the approval of …