The issuance received tremendous response from international investors, attracting orders that peaked at US$ 1.4 billion, or almost 3x oversubscription …
NMDC Energy IPO oversubscribed by 31 times as record offering generates $24bn demand for UAE listing
NMDC Group has announced the successful closing of the Initial Public Offering (IPO) of NMDC Energy, which was oversubscribed by 31.3 times excluding the cornerstone tranche. The offering attracted …
NMDC Energy’s IPO oversubscribed 31 times in lead-up to UAE’s biggest listing of 2024
NMDC Energy, a unit of Abu Dhabi contractor National Marine Dredging Company, has closed its initial public offering which was oversubscribed by more than 31 times, setting the stage for what is …
JPMorgan establishes private banking team in Dubai
In response to an increasing number of wealthy individuals relocating to the Gulf, JPMorgan has established a private banking team in Dubai to offer wealth management services. Reported by Reuters, …
Getting paid in crypto: Dubai court ruling shows increasing acceptance
Crypto salaries are gaining traction in places where inflation make it difficult to earn a living in fiat currency.
One of Dubai’s busiest Metro stations has changed its name (again)
The Roads and Transport Authority has announced that Mashreq Metro Station has been renamed to InsuranceMarket Metro Station …
Dubai and Abu Dhabi among top global cities for entrepreneurs as low taxes and quality of life lure startups
The study revealed that Dubai is the third best city in the world for entrepreneurs to live. Standing out for its significant tax advantages: no capital gains tax and no income tax even for the …
Dubai and Abu Dhabi among top global cities for entrepreneurs as low taxes and quality of life lure startups
The study revealed that Dubai is the third best city in the world for entrepreneurs to live. Standing out for its significant tax advantages: no capital gains tax and no income tax even for the …
TikToker shares surprising reason Irish tourists should ‘avoid Dubai like the plague’ and urges ‘don’t go’
In her additional video, she explained that her original post was “a bit of a joke”, acknowledging her undying love for Dubai despite her bank account’s protests. She also advised: “If you ever want …
Finance teams – evolve now or become irrelevant
A comprehensive new report reveals that finance teams worldwide are at a critical juncture, with just five years to adapt to rapidly changing demands—or face the risk of becoming obsolete …
UAE interested in strengthening economic co-operation with BRICS members
After joining BRICS, the United Arab Emirates expressed interest in strengthening economic ties with the regional group members, TASS …
UAE sees increase in demand for credit as construction and real estate firms look to bank loans despite rising interest rates
UAE businesses are looking for bank loans despite rising interest rates, as construction, real estate, manufacturing, retail and wholesale look to borrow. The Central Bank of the UAE stated that …
UAE’s Financial Platform Ziina Reports $22M Series A Round
Ziina, the UAE’s financial platform supporting consumers and businesses, announced that it has raised $22 million in a Series A round.
UAE announces new anti-money laundering strategy for 2024-2027 as it fights cyber threats, virtual assets risks and financial crime
UAE announces 2024-27 National Strategy for Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing …
JPMorgan Sets Up Dubai Private Banking Team to Tap Wealth Boom
JPMorgan Chase & Co is establishing a private banking team in Dubai, joining a raft of rivals that have deployed additional resources to the Middle East to capitalize on the thousands of millionaires …
UAE-based fintech startup Ziina raises $22 million in Series A funding round
Faisal Toukan, CEO and co-founder of UAE-based payments fintech Ziina, discusses the company’s plan to “evolve” from being a payments platform to an “end-to-end financial ecosystem.” …
Delivery Hero Selects Banks for Talabat’s Dubai IPO
German food delivery company Delivery Hero has engaged Emirates NBD, Morgan Stanley, and JPMorgan Chase to assist with the initial public offering (IPO) of its Dubai unit, Talabat.Read More: Spinneys’ …