Innovation in the UAE now extends to low-carbon steel, low-emission cement, and energy- and water-efficient data centres …
Malayali business tycoon M A Yusuff Ali named most influential expat in the UAE
Proud moment for Kerala! Malayali business tycoon M A Yusuff Ali has been named the most influential expat in the UAE by Finance World. From humble beginnings to global success — a true inspiration.
UAE bank to replace OTP with app verification for online transaction approvals
Emirates NBD stated the change will apply to all types of local and international financial transfers and online transactions …
BlackRock’s Bitcoin ETF overtakes Deribit, proving ‘ETFs are no joke’
BlackRock’s iShares Bitcoin Trust exchange-traded funds (ETFs) (NASDAQ: IBIT) have leapfrogged Deribit, the top crypto-native derivatives exchange, to become the largest venue for Bitcoin options by …
Emirates, flydubai, Dubai Finance partner to accelerate ‘Dubai Cashless strategy’
Emirates and flydubai have signed two Memoranda of Understanding (MoUs) with Dubai Finance (DOF) to advance digital payment initiatives and promote …
Turkish, UAE central banks ink swap, cooperation deals to deepen financial, economic cooperation
The central banks of Türkiye and the United Arab Emirates signed three agreements including a swap deal on Thursday to deepen financial cooperation and enhance trade and economic ties between the two …
UAE, Turkey central banks sign $4.9-billion currency swap deal
Turkish and UAE central banks sign $4.90 billion currency swap agreement to boost local currency liquidity and cross-border transactions.
Emirates Islamic pioneers fully digital supply chain finance solution ‘Islamic smartSCF’ in the UAE
Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched a first-of-its-kind fully digital, Shariah-compliant supply chain finance solution named …
ABK Capital DIFC Partners with LGT Bank (Switzerland) Ltd. to expand regional investment offerings
Strategic alliance with Swiss private banking giant LGT Bank boosts ABK Capital DIFC’s global investment capabilities.
Hedge Fund Davidson Kempner Said to Buy Bad Debt from UAE Bank
Davidson Kempner Capital Management LP has acquired about $1.4 billion in bad debt from Abu Dhabi Commercial Bank PJSC, people familiar with the matter said, the second such transaction between the US …
ALEC IPO raises $381m after 21x oversubscription in UAE’s biggest construction listing
ALEC’s IPO on the DFM raised $381m with demand topping $8.1bn, marking the UAE’s biggest-ever construction listing by size and value …
UAE’s ALEC raises Dh1.4bn ($381m) in 21 times oversubscribed IPO
ALEC Holdings, the UAE construction and engineering group, raised Dh1.4bn ($381m) in the largest IPO in the Gulf since June. JP Morgan and Emirates NBD are global coordinators on the offering. Abu …
Dubai at the Centre of Global Finance: Forex Expo 2025 Redefines the Trading Landscape
With the countdown on, Forex Expo Dubai 2025 will open its doors next week on 6–7 October at Dubai World Trade Centre.
ALEC IPO raises $381mn after 21x oversubscription, UAE’s biggest-ever construction listing
ALEC Holdings secures $381 million in oversubscribed IPO, marking UAE’s largest construction market debut in history. ALEC IPO raises $381mn after 21x oversubscription, UAE’s biggest-ever construction …
Alec IPO orders hit $8bn on global investor demand
Dubai contractor Alec Holdings said its initial public offering (IPO) was oversubscribed 21 times across all tranches, with demand reaching AED30 billion ($8.1 billion). Demand stemmed primarily from …
Alec Holding raises $381m in Dubai IPO
UAE construction and engineering company Alec Holdings has raised Dh1.4 billion ($381.2 million) from its initial public offering on the Dubai Financial Market, setting the price range at the top end …
Alec Holdings prices IPO at top end of price range, raising Dh1.4 billion
Alec Holdings announced on Wednesday the final offer price of its initial public offering, pricing it at the top end of Dh1.4 per share, raising Dh1.4 billion. The engineering and construction group …