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Posted on 21/09/2021

UAE Luxury Market Report 2021: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2026 – ResearchAndMarkets.com

Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″ report has been added to ResearchAndMarkets.com’s offering.
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Posted on 21/09/2021

Exclusive: PayMate To Raise $100 Mn In Pre-IPO Round, To Enter Unicorn Club

Sources confirmed to Inc42 that with the infusion of fresh $100 Mn, PayMate will enter the celebrated unicorn club …
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Posted on 21/09/2021

United Arab Emirates $1+ Billion Data Center Market Investment Analysis & Growth Opportunities Report 2021-2026

The “United Arab Emirates (UAE) Data Center Market – Investment Analysis & Growth Opportunities 2021-2026” report has been added to ResearchAndMarkets.com’s offering. The UAE data center market size …
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Posted on 21/09/2021

Emirates Development Bank Launches SMB Banking App

Emirates Development Bank, which is important for Dubai’s industrial transformation agenda, has rolled out an app to help SMBs in the UAE.
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Posted on 21/09/2021

UAE Sees No Need for OPEC+ to Change Oil-Production Plan

There’s no need for OPEC+ to change its current production accord, United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday.Most Read from BloombergThe Global Housing Market Is Broken, and It …
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Posted on 20/09/2021

MENA IPO proceeds nearly halved in H1, but outlook is positive

The Middle East North Africa (MENA) region saw four initial public offerings (IPOs) raise total proceeds of $425.8 million during the first half of 2021, a 48 percent drop in proceeds when compared …
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Posted on 20/09/2021

UAE’s Etihad streamlines finance division with Microsoft AI

Etihad leveragiing AI solutions from Microsoft to automate bank-reconciliations in its finance division. – Emergent Tech …
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Posted on 20/09/2021

Emirates Development Bank packages business banking services for SMEs into new app

Dubai: Emirates Development Bank (EDB), a key enabler of the country’s industrial transformation agenda, has launched the EDB Business Banking app in partnership with YAP, a UAE-based fintech. The …
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Posted on 19/09/2021

Mena sees 48% drop in IPO proceeds in H1: EY

Globally traditional IPO performance has remained strong after riding a wave from Q1 2021, with 597 IPOs raising total proceeds of $111.6 billion.
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Posted on 19/09/2021

Institutional offering in ‘solutions by stc’ IPO hit $125.6bln

DUBAI: The institutional side of solutions by stc’s initial public offering was oversubscribed by 13,003 percent, raising SR471.1 billion ($125.6 billion). A unit of the Saudi Telecoms Company, …
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Posted on 19/09/2021

UAE’s Gargash Group acquires Deem Finance

UAE-based conglomerate Gargash Group has acquired financial services provider Deem Finance. The company, which has businesses in automotive, real estate and non-banking financial services sectors, …
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Posted on 19/09/2021

EY: Four MENA IPOS Raised $425.8 Million In H1 2021

According to the EY MENA IPO Eye Q2 2021 report, the MENA region saw four IPOs raise total proceeds of US$425.8 million during the first half of 2021, a …
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Posted on 19/09/2021

UAE: Business conglomerate Gargash Group acquires Deem Finance

Gargash Group, a UAE business conglomerate with an interest in automotive, real estate, and investments, on Sunday announced the acquisition of Deem Finance, a leading consumer finance business.
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Posted on 19/09/2021

UAE central bank sees COVID-19 increasing money-laundering risks

The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report …
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Posted on 19/09/2021

OCI, Adnoc push ahead with IPO of fertiliser venture

Investors could be offered around a 10 percent to 15 percent stake in Fertiglobe through the IPO, according to sources …
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Posted on 19/09/2021

Central Bank of UAE identifies new COVID-19 financial sector risks

This report is part of our ongoing efforts to address money laundering and terrorist financing-specific trends and typologies emerging from the COVID-19 pandemic in the financi …
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Posted on 18/09/2021

UAE, UK sign climate action agreement

The UAE and the UK have agreed to strengthen their cooperation to accelerate climate action and environmental protection.The two countries signed a memorandum of understanding (MoU) on Saturday, ahead …
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