The construction and dredging services firm offered 1.15 billion shares in NMDC Energy, and the offering was 31.3 times oversubscribed.
Dubai: Most villa community prices more than double in four years
Eighty five per cent of all established freehold villa communities in Dubai have more than doubled in value compared to four years ago, a new report shows. According to the latest data from ValuStrat, …
Rexas Finance (RXS) Becomes the Latest Player in the RWA Tokenization Race
DUBAI, UAE / ACCESSWIRE / September 9, 2024 / The digital assets space is growing at an unimaginable pace, and one of the most significant …
100 diplomats join WGS-hosted ‘Ambassadors’ Retreat’ in Dubai
There was high-level participation from UAE government leaders, ambassadors, and representatives of diplomatic missions in the UAE …
Saudi Arabia’s Fourth Milling Co sets IPO price range, to raise at least $216 mln
DUBAI, Sept 15 (Reuters) – The price range for Saudi Arabia’s Fourth Milling Company’s upcoming initial public offering (IPO) has been set at between 5 riyals and 5.3 riyals a share, according to a …
UAE’s banking net international reserves up 8.1pc in H1
Net international reserves of the UAE’s banking sector increased by 8.1% during the first half of the year , reaching AED1.238 trillion ($337 billion) at the end of June, compared to AED1.145 trillion …
UAE does not plan to re-open F-35 fighter jet talks with U.S. – UAE official
The United Arab Emirates does not expect to resume talks with the U.S. about a multi-billion dollar deal for F-35 warplanes, irrespective of who is elected to the White House in November, a senior UAE …
UAE’s banking sector net international reserves increase by 8.1 percent in H1 2024
ABU DHABI, 13th September, 2024 (WAM) — Net international reserves of the UAE’s banking sector increased by 8.1 percent, or AED92.3 billion, during the first half of 2024 (H1 2024), reaching AED1.238 …
How sustainability is reshaping the Middle East financial landscape
As sustainable finance continues to gain traction globally, it is surging across the petrostates of the Middle East. Viewed as a critical driver of economic stability and environmental stewardship, …
Chaired by Abdullah bin Zayed, COP29 Preparatory Committee discusses UAE’s plans, initiatives
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs and Chairman of the Preparatory Committee for the UAE’s participation in COP29, has stressed the importance of …
UAE’s banking sector net international reserves increase by 8.1 per cent in H1 2024
Net international reserves of the UAE’s banking sector increased by 8.1 per cent, or Dhs92.3 billion, during the first half of 2024 (H1 2024), …
UAE central bank approves digital asset custodial risk insurance product
UAE introduces digital asset custodial risk insurance, boosting its position as a leading crypto hub with enhanced consumer protection measures.
National Bank of Fujairah wins two awards at MEA finance leaders in payments Awards 2024
National Bank of Fujairah (NBF) has won two awards at the prestigious MEA Leaders in Payments Awards 2024, including “Best Real-Time Payments Implementation” and “Best Payment System Implementation”, …
UAE’s banking sector net international reserves increase by 8.1% in H1 2024
The Central Bank of the UAE’s June statistical bulletin, issued today, showed that the Central Bank accounted for AED769.7 billion of the sector’s net international reserves at the end of June …
UAE banking sector reports 10.6% growth in capital, reserves, investments
Total capital and reserves of banks operating in the UAE reached AED495.2 billion at the end of June 2024, new data by CBUAE said …
UAE bank close to acquiring $5b stake in Indian bank
A leading UAE-based bank is in talks to acquire a stake in an Indian bank, with an investment expected to be in the billions of dollars, according to the U..
Moody’s ratings upgrades United Arab Bank’s deposit ratings to Baa3, outlook remains positive
The upgrade of UAB’s deposit ratings to investment grade (Baa3) reflects the bank’s improved asset quality and profitability metrics …