The Ministry of Finance has issued a new decree to regulate public-private partnerships in the UAE, aimed at boosting private sector investment in federal government projects.The Federal Decree-Law No …
New UAE law set to boost public-private sector partnerships
The UAE has introduced a new law to boost public and private sector partnerships in the country. The Ministry of Finance (MoF) announced the issuance of Federal Decree-Law No. 12 of 2023 on …
GCC Ipos Decline In 2023, UAE Leads Despite Drop: Markaz
UAE Dominates, But Sees Significant Downturn The United Arab … Muscat Securities Market (MSM) had two IPOs raising $973m (10% of the GCC total), including the largest Omani IPO of the year: OQ Gas …
UAE rolls over $2 billion debt
The second $1 billion UAE debt will mature on January 23. Last week, the finance ministry requested the UAE to further rollover the loan for a period of one year. The UAE has placed $3 billion with …
UAE banks’ investments at all-time-high by end of November
ABU DHABI: Bank investments in the UAE surpassed the AED620 billion mark by the end of November 2023, marking the highest level in their history, according to the latest statistics from the Central …
UAE Central Bank reports 8.6% growth in cash deposits in 12 months
ABU DHABI: The Central Bank of the United Arab Emirates (CBUAE) reported an increase in cash deposits to AED682.3 billion in November 2023, marking a YoY growth of 8.6 percent, or the equivalent of …
UAE ranks second globally for greenfield FDI in 2023
The UAE ranked second after the US for greenfield foreign direct investment last year, as project announcements in the Emirates rose by 28 per cent, bolstering its position as a worldwide FDI hub …
Gulf IPOs raised $10.1bn in 2023 after 55% slump
Markaz’s report stated that the UAE led the region in terms of IPO proceeds during 2023 … Muscat Securities Market (MSM): $973m Dubai Financial Market: $500m Qatar: $193 Although, there were only …
UAE FDI was second highest in the world last year
Greenfield announcements on foreign direct investment (FDI) in the UAE rose to the second highest in the world after the US, a report showed on Wednesday. The UAE’s FDI greenfield announcements rose …
Dubai records over $490mn real estate transactions on Tuesday
Tuesday’s property deals included 525 sales transactions worth AED1.54 billion, 127 mortgage deals of AED226.51 million, and 19 gift deals amounting to AED89.9 million …
Dubai’s plan for economic growth
Astute observers will have noticed that the Dubai Financial Markets General Index in the UAE is up almost 30 percent in the past 12 months, with volumes rising by nearly a quarter. For comparison, the …
UAE likely to rollover $2 bn loan to Pakistan
The United Arab Emirates (UAE) is expected to roll over a $2 billion loan to Pakistan for one year.Caretaker Prime Minister Anwaar-ul-Haq Kakar wrote a letter to the UAE President Sheikh Mohammed bin …
Dubai realty transactions top $419m on January 16
Dubai real estate market recorded 525 sales transactions worth AED1.54 billion ($419 million), in addition to 127 mortgage deals of AED226.51 million, and 19 gift deals amounting to AED89.9 million on …
GCC IPOs raise USD 10.1 billion during FY 2023, a decline of 55% YOY
Kuwait Financial Centre “Markaz” released its research report titled “Initial Public Offerings (IPO) in the GCC markets”. During the year of 2023, Initi …
UAE: Adnoc, etisalat by e& and Emirates brand value increases by $3.75bln in 2024
In a list of 500 global entities, the three UAE entities saw their ranking improving in 2024. Adnoc was ranked 128th in 2024 as compared to 138th last year, Etisalat by e& improving its position to …
UAE dominates GCC IPO market with $5.5bln proceeds in 2023: Markaz
The UAE led the Gulf Cooperation Council (GCC) in IPO proceeds, securing $5.5 billion from seven flotations in 2023, according to Kuwait Financial Centre (Markaz).
GCC IPOs raise $10.1bln through 45 offerings in 2023, says report
The GCC region has raised a total of $10.1 billion in Initial Public Offerings (IPO) proceeds through 45 offerings during FY 2023, thus marking a year-on-year decline of 55% by value compared to the …