The company is working with UAE-based organisations in sectors including digital banking, hospitality, real estate, communications, and finance to help them pioneer sustainable action across the …
Dubai: Parkin IPO price range set at Dh2-2.10 per share
Dubai-based company Parkin Co. on Tuesday set the price of Dh2 to Dh2.10 per share for the initial public offering. The company aims to raise Dh1.57 billion through the IPO, which was launched on …
EFG Hermes sees Gulf IPO frenzy from private sector in 2024
Emerging market-focused investment bank EFG Hermes is “very bullish” on Gulf markets this year, expecting more, smaller initial public offerings (IPOs) from the region from a year earlier, Mostafa Gad …
Capital Asset Management sets up in Dubai, granted DFSA CAT3C License
Capital Asset Management, a newly established independent investment management and advisory firm, announced today it has chosen Dubai as its base after being granted CAT3C license by the Dubai …
UAE Government assets hit $132bn as economy flourishes amid new laws and legislations
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, said: “The policies, strategies, and programmes implemented, …
Dubai’s Salik reports Q4 profit growth after rising toll gate revenue
Dubai toll operator Salik has reported a 3 per cent annual increase in its fourth-quarter profit, supported by higher revenue from toll gates.Net profit for the period rose to Dh295 million ($80.3 …
Dubai’s Salik Company proposes H2 dividend
Salik listed on the Dubai Financial Market (DFM) last year, following a 20% stake sale. It posted a full year 2023 net profit of 1.09 billion dirhams ($297 million), 17% lower year-on-year (YoY) …
Dubai toll gate operator Salik reports record revenue of AED2.1bn in 2023
Salik toll usage revenue, which accounts for 87.5 percent of total revenue, increased by 11.7 percent year-on-year, reaching AED1,845 million …
What You Need to Know About Buying Properties in Dubai
With its dazzling skyline, cultural richness, and thriving economy, Dubai stands as a beacon for investors seeking lucrative opportunities. At the heart of this fascination is Dubai’s dynamic real …
Dubai economic zones authority achieves record profit growth, economic contributions in 2023
Information and communications grew 18.1 percent, while finance and insurance surged 106.9 percent. Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, said, “The positive results achieved in 2023 …
Dubai equities continue gains in February
In the financial sector, the 46.2 per cent gain in shares of Commercial Bank of Dubai was one of the main underlying reasons for the sector’s gains during the month. Comparatively, the consumer …
Etihad Considers Going Public With Planned IPO Listing
The UAE-based carrier Etihad is reportedly considering going public with the planned IPO listing as soon as this year. According to a report by Bloomberg, the considerations around the IPO listing are …
UAE issued 151 decisions on financial sector policies and laws in 2023
The UAE government issued 151 Cabinet decisions related to the financial sector last year, covering the launch of new policies and initiatives, laws and approval of international agreements.The …
UAE: More than Dh113 million in fines imposed on banks, exchange houses in 2023
The Central Bank governor emphasises that the regulator aims to ensure the integrity and safety of the financial system in the UAE and globally …
Bank of Sharjah Acts as Joint Lead Manager & Bookrunner in a $750 Million Bond Issuance for the Government of Sharjah
Bank of Sharjah, one of the leading commercial banks in the UAE, has acted as a Joint Lead Manager and Bookrunner in the successful issuance of a $750 million 12-year U.S. dollar-denominated 144A/Reg …
Abu Dhabi’s Etihad is considering IPO, listing – report
Abu Dhabi’s long-haul operator Etihad Airways could be one of the next UAE companies to go public with an initial public offering (IPO) or a direct listing, according to a Bloomberg report. The UAE …
additiv, an Enabler of Embedded Finance, Expands Operations in Dubai
a global enabler of Fintech and embedded finance, has announced that it is expanding its presence in Dubai, UAE by opening a new, fully operational office location in the heart of Dubai International …