The company will sell over 2.582 billion shares through a three-tranche IPO which will start on October 28 and close on November 5 …
Ripple’s managing director of ME Reece Merrick keen to launch RLUSD stablecoin in UAE
Speaking to Reece Merrick, Managing Director, Middle East and Africa, about the recent announcement and Ripple’s presence …
Finance House to inject AED 300mn into Abu Dhabi’s ADX for market liquidity
Finance House and Finance House Securities have signed an agreement with the Abu Dhabi Securities Exchange (ADX), aimed at boosting liquidity and market stability. Under the agreement, Finance House …
ADIB named Best SME Bank in UAE by Global Finance Awards
ABU DHABI: Abu Dhabi Islamic Bank (ADIB) announced it has been recognised as the Best Bank for Small and Medium Enterprises (SMEs) in the UAE by the 2025 Global Finance Awards. This accolade …
Dubai real estate sector logs record 18,038 transactions in September with 73% for off-plan properties; sales range from $34,000 to $75m
The Dubai real estate market recorded an all-time high of 18,038 transactions in September, with almost three quarters (73 per cent) for properties under construction having been sold off-plan, …
UAE-based retailer Lulu CEO on the firm’s IPO announcement
Saifee Rupawala, UAE supermarket Lulu CEO, speaks to CNBC’s Dan Murphy about the firm which is expected to start trading on the Abu Dhabi Securities Exchange.
Dubai insurer Takaful Emarat reduces capital by $33mln
Dubai-based Islamic insurer Takaful Emarat has reduced its share capital by more than AED 124.3 million ($33.8 million). The company activated the capital reduction on the Dubai Financial Market (DFM) …
UAE-Based PiP World Pockets US$10 Million in Seed Funding
UAE-based Web3 gaming and edtech platform PiP World has bagged US$10 million in seed funding from global fintech firm Exinity. The investment will support PiP World’s goal of improving financial …
UAE: Lulu IPO set to maintain trend of heavy oversubscription, say analysts
This could be the UAE’s largest IPO this year due to the robust growth of the retail sector, and a strong dividend policy among other factors …
UAE: Ministry of Finance holds Annual Forum on Preparation of Financial Statements
The Ministry of Finance (MoF) convened the “Annual Forum on the Preparation of Financial Statements for Federal Entities for the Fiscal Year 2024” in Dubai, as part of its commitment to enhancing …
Ajman Bank delivers all-time record high profit of Dhs313m
Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Board of Ajman Bank, chaired the bank’s board meeting, …
Lulu Retail kicks off one of UAE’s biggest IPOs this year
By Ahmed Tolba, Hadeel Al Sayegh and Federico Maccioni CAIRO/DUBAI (Reuters) -Lulu Retail Holdings, which runs one of the Middle East’s biggest hypermarket chains, kicked off an initial public …
UAE supermarket chain Lulu to offer 25% stake in IPO in Adx listing
United Arab Emirates’ Lulu Retail Holdings, which runs one of the Middle East’s biggest hypermarket chains, said on Monday that it plans to sell a 25 per cent stake in its initial public offering.
UAE participates in WBG, IMF annual meetings in Washington
The IMF and WBG meetings are to address a wide range of pressing global issues in economy and development, bringing together a diverse group of international economic leaders, including central bank …
A truly inclusive approach to financing with the launch of Dubai Islamic Bank’s ACCESS auto finance for People of Determination
ACCESS Auto Finance rolls out with competitive financing rates and customised repayment plans to facilitate vehicle ownership for People of Determination and their family members, ensuring they have …
UAE retailer Lulu Group to list 25% shares in ADX IPO
The UAE retail giant Lulu Group plans to list 25 per cent of its share capital on the Abu Dhabi bourse, the latest company seeking to capitalise on the continued economic momentum and listing boom in …
Finance House & Finance House Securities agree to inject AED300mln in Abu Dhabi Capital Market
Under the agreement between the two parties, Finance House will inject AED 300 million into the local market through Finance House Securities, with the aim of increasing investments and boosting …