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 …
UAE retail investors upbeat amid economic growth, tech boom
A recent eToro survey reveals UAE retail investors’ confidence in economic growth and tech advancements, with significant interest in real estate, technology, and global investment opportunities for …
Alieus Hedge Fund Reaches USD 30 Million in Assets Under Management (AUM)
Alieus Hedge Fund is pleased to announce that it now manages approximately $30 million in Assets Under Management (AUM). This milestone reflects the firm’s strong growth, investor confidence, and …
54 IPOs raised $12.6bn in 2024 in MENA region, shows report
The Middle East and North Africa (MENA) region saw a notable surge in initial public offerings (IPOs) in 2024, with 54 listings raising a total of $12.6bn, according to the EY MENA IPO Eye Q4 2024 …
The 2025 E-Invoicing Rollout in the UAE
The UAE government has taken steps to move towards a fully digitized tax system by adopting E-Invoices. The E-invoicing process will be mandatory …
UAE to unlock employee savings for investment
Abu Dhabi investment firm Lunate’s program will allow companies to transfer mandatory workers savings into six investment funds, a move that’s expected to benefit the country’s expat population.
Saudi Arabia’s Tabby taps banks for IPO – Bloomberg
Saudi-based buy-now-pay-later app Tabby is working with banks for an IPO, Bloomberg reported. The fintech unicorn is working with HSBC Holdings Plc, JPMorgan Chase & Co. and Morgan Stanley on the deal …
MENA IPOs raised $12.6bn last year, more growth expected in 2025
According to the EY MENA IPO Eye Q4 2024 report, MENA markets saw a total of 54 initial public offerings (IPOs) in 2024, raising $12.6bn in total. When compared to 2023, last year recorded a 12.5 per …
Saudi Arabian Unicorn Tabby Taps HSBC, JPMorgan, Morgan Stanley for IPO
Saudi Arabia-based Tabby, one of the Middle East’s first fintech unicorns, has hired banks to help prepare for an eventual initial public offering, according to people familiar with the matter.
Insights: Dubai’s role in driving financial evolution
The ECN technology is poised to be a game changer in the region, enabling the introduction of new financial instruments on the platform.
UAE continues AED bond issuances to strengthen local debt market
Younis Haji AlKhoori, Under-Secretary of the Ministry of Finance, said that the Ministry of Finance is continuing its plans for bond issuances in UAE dirham to develop the local debt market by …
UAE eyes quantum computing for financial services
Middle East financial firms are investing heavily in quantum computing, with one of the world’s top quantum research centres in Abu Dhabi …
Grant Thornton UAE opens in Sharjah
Grant Thornton UAE, one of the leading financial services companies, has announced the opening of its new office in Sharjah, in a step that represents a significant milestone in the company’s growth …