Dubai; United Arab Emirates – Aafaq Islamic Finance, a leading financial institution in the UAE, has been named the “Best Islamic Digital Banking Services” in the UAE by MEA Finance Awards 2023 as a …
Dubai Taxi IPO: Company aims to raise $315m through DFM listing
Shareholders in Dubai Taxi Company are looking to raise as much as Dh1.16 billion ($315 million) through its listing on the Dubai Financial Market as part of the emirate’s push to broaden its capital …
Dubai Taxi sets IPO price range, valuing company at up to $1.25bn
DUBAI: Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), and announced a price range for the offering, which would value it at up …
Dubai Taxi sets IPO price range, targets company at up to $1.2 billion
Dubai Taxi Company (DTC) today announced the price range for the sale of its shares (Offer Price Range) and the start of the subscription period for its initial public offering (IPO). In a statement …
Dubai’s First Privatization in a Year Sells Out in an Hour
Dubai Taxi Co.’s initial public offering of as much as 1.16 billion dirhams ($315 million) received enough orders to cover the deal within an hour of opening, showing strong demand for the emirate’s …
Dubai Taxi Company announces price to invest in $1.2bn IPO
The IPO will be offered at a price range of AED1.80 to AED1.85 per share, resulting in a market capitalisation of approximately AED4.5 billion to AED4.6 billion …
UAE a key player in global financial sector, says NYSE vice chair
The UAE’s financial markets possess significant potential and flexibility, combined with its continuous commitment to innovation and development.
Dubai FSA adopts UAE principles for managing climate-related financial risks
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
Dubai Financial Market and Shanghai Stock Exchange sign MoU to advance cross-border collaboration
The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) announced the signing of a Memorandum of Understanding (MoU) to further strengthen the ties between the capital …
UAE targets domestic development of VRT light helicopters as Russian partnership disolved
Development of the VRT500 and VRT300 co-axial light helicopters looks set to continue in the United Arab Emirates under the leadership of the country’s Strategic Development Fund (SDF) after it …
Dubai Future Foundation: Pioneering a sustainable future through various initiatives
In the heart of a bustling metropolis, Dubai Future Foundation shines as a beacon of sustainability shines brightly, and a testament to the UAE’s unwavering commitment to environmental stewardship.
UAE Central Bank issues coins to mark Dubai International Holy Quran Award silver jubilee
The UAE Central Bank has issued 6,000 silver commemorative coins to mark the 25th anniversary of the Dubai International Holy Quran Award. Each silver coin weighs 28 grams and has a nominal value of …
CBUAE issues commemorative coins on occasion of Dubai International Holy Quran Award Silver Jubilee
Each silver coin weighs 28 grams, and has a nominal value of Dhs25. There are eight different coins, each with their own unique design relating to the various contests and activities held by the Dubai …
Latham & Watkins, Clifford Chance Advise on $451M Investcorp IPO
Latham & Watkins and Clifford Chance have advised parties on the initial public offering (IPO) and listing on the Abu Dhabi Securities Exchange (ADX) of Investcorp Capital, the Bahrain-based …
COP28 in UAE: How banks are spearheading sustainability drive with $51 billion in green financing
Apart from financing, banks have been adopting innovative technologies and embracing digitisation to reduce their carbon footprints …
UAE: Al Ansari Digital Pay receives regulatory in principle approval to launch digital wallet
Al Ansari Digital Pay, a subsidiary of Al Ansari Financial Services PJSC has received the initial approval of a store value facilities and retail payment s..
GCEX receives operational VASP licence from Dubai’s VARA
GCEX starts market operations as a VASP in the Emirate of Dubai, enabling brokers, hedge funds, family offices and professional traders to access its deep liquidity in digital assets and range of tech …