Signing the MOUs on behalf of Dubai Investments, Mohammed Saeed Al Raqbani, General Manager, Dubai Investments Industries and Masharie, said, “The signing of these MOUs reflects Dubai Investments’ …
Alpha Data plans Abu Dhabi IPO amid digital transformation boom
Alpha Data, an Abu Dhabi-based digital transformation services provider, plans to list 40 per cent of its issued share capital on the capital’s bourse, amid economic momentum and a listing boom in the …
Ray Dalio to the Trump administration: Cut debt now or face an ‘economic heart attack’
Dalio stressed that governments are responsible, and that leaders should make a pledge to reduce the U.S. budget deficit from 7.5% to 3% of GDP or resign.
UAE: Some employees get over 6-month salary as bonus in 2024
UAE’s job market has been highly competitive due to a large number of professionals coming to the Emirates in search of greener pastures in the past four years. Establishment of new companies and many …
UAE: Alpha Data announces IPO; first firm to go public in 2025
Alpha Data announces IPO, set to be the first public offering in the UAE for 2025. The leading digital transformation firm will list 400 million shares on the Abu Dhabi Securities Exchange.
UAE ranks in top 10 nations with most AI firms per capita
The UAE has introduced several national AI initiatives, including appointing the world’s first Minister of State for AI in 2017 and launching the National Strategy for Artificial Intelligence 2031 …
IFC provided over $2.3bln in financing to UAE-based multinational companies by end of 2024
DUBAI: Makhtar Diop, Managing Director of the International Finance Corporation (IFC), stated that the Washington-based organisation had provided over US$2.3 billion in financing to UAE-based …
Pimco Opens Office in Dubai as Asset Managers Flock to Region
Pacific Investment Management Co. opened a Dubai office, becoming the latest major fund manager to deepen its presence in the Middle East.
PIMCO opens Dubai office as asset managers flock to region
Pacific Investment Management Co. opened a Dubai office, becoming the latest major fund manager to deepen its presence in the Middle East. The Newport Beach, California-based firm, which manages …
IFC provided over $2.3 billion in financing to UAE-based multinational companies by end of 2024
Makhtar Diop, Managing Director of the International Finance Corporation (IFC), stated that the Washington-based organisation had provided over US$2.3 billion in financing to UAE-based multinational …
UAE in top 10 countries with most AI companies; how Golden Visas and investment will unlock $91bn GDP boost
Dmitry Kaminskiy, General Partner of Deep Knowledge Group said: “The UAE’s ranking among the top 10 countries for AI companies per capita demonstrates how targeted investments are creating an …
Dubai Islamic Bank total income grows 15.9% to $6.36bn in 2024
Pre-tax profit up 27% to $2.45 billion; Customer deposits up almost 12% to $67.8 billion; NPF ratio improves 140bps to $2.48 billion …
MENA’s most valuable fintech Tabby raises $160mn pre-IPO round
The Dubai-based company has nearly doubled its annualised transaction volumes to over $10 billion since its last funding round in October 2023 while growing profitability …
New Dubai smart index puts pressure on landlords ‘to improve maintenance and overall quality’: Experts
Landlords across Dubai are bracing for potential financial pressure as the emirate implements a new artificial intelligence-driven star-rating system for buildings, with owners of older properties …
UAE’s top Islamic lender DIB posts 16% rise in FY 2024 net profit
Dubai Islamic Bank (DIB), the biggest Islamic lender in the UAE, posted a full-year 2024 net profit of 8.16 billion dirhams ($2.2 billion), up more than 16% from a year ago. Total income for the year …
BNPL Fintech Tabby Prepares for Eventual IPO with Bank Hires
Tabby, a UAE-based buy now, pay later (BNPL) player, has reportedly hired banks to prepare for an eventual initial public offering (IPO).
UAE’s Ministry of Finance organises 3 panel discussions at WGS 2025
The UAE’s Ministry of Finance (MoF) organised two high-level panel discussions on the opening day of the World Government Summit (WGS) 2025, taking place from 11th to 13th February in Dubai.The …