The Abu Dhabi Exports Office (ADEX) and a group of UAE lenders led by First Abu Dhabi Bank (FAB) have more than doubled a financing arrangement for global energy trader BGN. The oversubscribed …
UAE: DTC delivers robust FY 2024 EBITDA growth of 19% YoY to $159.1mln
Dubai Taxi Company PJSC, a leading provider of comprehensive mobility solutions in Dubai, today announced its financial results for the year ended 31st December 2024.
Saudi healthcare group SMC Hospitals hires banks for IPO, sources say
Saudi Arabian healthcare group SMC Hospitals has hired banks for a potential initial public offering (IPO) on the local bourse this year, three sources with knowledge of the matter told Reuters.
Alpha Data aims to raise $163m from Abu Dhabi IPO amid strong interest
UAE technology company Alpha Data aims to raise up to Dh600 million ($163.4 million) through its initial public offering on the Abu Dhabi Securities Exchange, in a sign of strong demand for listings.
DIFC unveils flagship Future of Finance report series, publishes first report on the global finance and investment outlook
First report in six-part Future of Finance series highlights emerging trends, shifting capital flows and high-growth opportunities in the global financial landscape …
Dubai International Financial Center marks 20 years, strengthens ties with China
Dubai International Financial Center (DIFC), located in the United Arab Emirates (UAE), has strengthened its position as the leading financial hub in the Middle East, Africa and South Asia region …
UAE: Alpha Data IPO opens for subscription, announces offer price range
Alpha Data on Thursday announced an offer price range of Dh1.45-Dh1.5 per share as its initial public offering (IPO) opened for subscription. This implies its market capitalisation of Dh1.45- Dh1.50 …
UAE’s Alpha Data Plans to Raise up to $163 Million in IPO
(Reuters) – UAE technology services firm Alpha Data said on Thursday it plans to raise up to $163 million in its initial public offering.
UAE banks led by FAB finance $232mln facility to energy trader BGN
The Abu Dhabi Exports Office (ADEX) and a group of UAE lenders led by First Abu Dhabi Bank (FAB) have more than doubled a financing arrangement for global energy trader BGN. The oversubscribed …
Central Bank imposes Dhs3.5 million financial sanction on money exchange house in UAE
The Central Bank of the UAE (CBUAE) imposed financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law …
UAE Central Bank imposes Dhs3.5 million financial sanction on money exchange house in UAE
The Central Bank of the UAE (CBUAE) imposed financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law …
Etihad profit more than triples to almost $500 million ahead of expected IPO
Etihad Airways more than tripled its net profit last year to $476 million, the carrier, which sources say is set for an initial public offering this quarter, said on Wednesday.Earnings were boosted by …
DeFi Platform MANTRA Secures VASP License From Dubai’s VARA
MANTRA, a decentralized finance (DeFi) platform operated by the MANTRA Group, has secured a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).This …
UAE MoF launches IPSAS certification
Ministry of Finance (MoF), in collaboration with the Association of Chartered Certified Accountants (ACCA), has initiated an International Public Sector Accounting Standards (IPSAS) certification …
Christopher Aleo and the fintech challenge: iSwiss Bank brings digital banking to the Emirates
Companies based in Dubai and the UAE will soon have access to an innovative financial solution thanks to the expansion of iSwiss Bank, the international fintech group led by Christopher Aleo. The …
ADIB opens next-generation universal branch in Dubai
Business banking customers can access ADIB’s suite of business banking solutions to unlock growth opportunities …
Federal Bank Launches Prospera for NRIs with Exciting Benefits
Federal Bank introduced Prospera, a new NRE Savings Account, targeting affluent NRI customers. Launched in Dubai, the account offers benefits like complimentary insurance, travel discounts, and …