This move aligns with the UAE’s long-standing approach of building partnerships with countries, international organisations, and institutions to enhance the competitiveness and sustainability of its e …
National Bank of Fujairah launches NBF Emerging Business Unit, to nurture the nation’s SMEs
Dubai — The National Bank of Fujairah (NBF) has today announced the launch of the NBF Emerging Business Unit, to provide personalised service and the support needed for businesses to achieve their …
HSBC names new Head of Global Banking Coverage for the UAE
Al Marri will report functionally to Julian Wentzel, HSBC’s Head of Global Banking for Middle East North Africa and Turkey (MENAT), and to Mohamed Al Marzooqi, Chief Executive of HSBC UAE, on an …
UAE parents anticipate as much as AED 600,000 for their children’s higher education, Zurich survey reveals
Parents who start early and choose the right education savings plan are better positioned to secure their children’s futures …
Rakbank, Bank of Sharjah enter the pipeline: IFR
Founded in 1976, Rakbank is 53% owned by the government of Ras Al Khaimah, one of the UAE’s seven emirates. For an infrequent issuer, the Tier 2 marks a quick, if not entirely unexpected, return to …
Delivery Hero plans IPO of Middle East unit, shares rise
Listing in Dubai planned for Q4 Sales in the Middle East up 31% in Q2 Could use cash from IPO to reduce debt, analysts say GDANSK, Aug 29 (Reuters) – Delivery Hero (DHER.DE), opens new tab is …
Travelodge owner leads secret group behind Cineworld restructuring
Goldentree, the Wall Street hedge fund behind Travelodge, is leading a contentious overhaul of Cineworld that could leave UK ratepayers facing large losses. Cineworld, which collapsed into …
Dubai equities shine brightest in GCC this year
The Dubai Financial Market General Index’s year to date gains are the highest among its GCC peers, data showed on …
Delivery Hero Plans Talabat IPO on DFM in Q4 2024
Delivery Hero SE is planning to list its Talabat business on the Dubai Financial Market in the fourth quarter (Q4) of 2024. The IPO will involve a secondary sale of shares, with Delivery Hero …
NMDC Group’s IPO of NMDC Energy 7x oversubscribed within Day 2
Strong investor interest is continuing at pace despite day 2 falling at the weekend. The subscription period will close on Wednesday, 4 September 2024. NMDC Energy intends to list its shares on the …
Dubai: How buyer can recover funds over delayed property handover
The relationship between the purchaser and seller is governed by the terms and conditions outlined in the Sale Purchase Agreement …
UAE participates in ninth annual meeting of the New Development Bank Board of Governors
HE Mohamed bin Hadi Al Hussaini emphasises the New Development Bank’s (NDB) role in promoting sustainable development and infrastructure projects across member countries …
Interest rate cuts set to increase affordability of UAE’s small to mid-segment homes
Coming interest rate cuts by the US Federal Reserve and, subsequently, the UAE Central Bank are expected to make mortgages more affordable for end users. The Fed has held its benchmark rate steady …
Milliondots Changing The Way Working Professionals Earn In UAE
The financial markets in the UAE have caught the interest of many. However, with this interest comes the rise of frauds promising easy money. These schemes have caused many people to lose their money.
UAE announces telemarketing laws: $40,800 fines for cold call rulebreakers, what time can you be contacted, block advertisers
Dr Maryam Butti Al Suwaidi, CEO of the Securities and Commodities Authority (SCA), highlighted that Cabinet Resolution No. 56 of 2024 regulating telemarketing in the country reflects the UAE …
Talabat IPO: Parent of UAE food delivery firm preparing for Dubai listing
Delivery Hero, the Germany-based food delivery platform, is preparing to list share of its UAE subsidiary Talabat on the Dubai bourse, as it looks to capitalise on the continued economic momentum and …
NMDC Group plans to raise $877m from energy unit IPO
The construction and dredging services firm is offering 1.15 billion shares, and the subscription period opens on August 30 and closes on September 4 …