Millennium Management’s former senior trader Diego Megia kicked off his new hedge fund with $5 billion and closed it to new money on the very first day, becoming one of the largest startups in recent …
Chinese Firms Jostle With US Peers for Sliver of Gulf Oil Riches
A wave of Chinese banks, asset managers and hedge funds are ramping up in the Middle East, jostling with Wall Street firms who are making their own expansion push in a region flush with oil wealth.
UK real estate: London top choice for UAE investors with Manchester, Birmingham interest increasing
Image: Shutterstock The London property market has emerged as an attractive investment sector for GCC investors, especially from Saudi Arabia and UAE, said Adam Price, CEO of Select Property.
MoIAT, du and Emirates Development Bank to empower 100 industrial companies to become Industry 4.0 adopters
Agreement to establish Transform 4.0 will provide an integrated system of consulting, financing, and comprehensive management for manufacturers …
Gulf IPO boom: Who’s next to go public in Saudi Arabia and UAE?
The Gulf region’s IPO frenzy shows no signs of slowing, with Saudi and UAE firms lining up stock market listings across sectors, expected to attract more global capital as the markets deepen, analysts …
Gulf International Bank participates as Gold sponsor at Bonds, Loans & Sukuk Middle East 2024
The Middle East’s largest corporate and investment banking conference is scheduled to take place on 4th and 5th June 2024 at Madinat Jumeirah Conference Centre, Dubai. With more than 1,400 delegates …
Set Up a Company in UAE with Al Riyady: A Comprehensive Guide
The United Arab Emirates (UAE) is renowned for its pro-business environment, strategic location, and modern infrastructu …
UAE Ministry of Finance Holds Introductory Session on Federal Properties
The UAE Ministry of Finance recently held an introductory session on Federal Decree-Law No. (35) of 2023 regarding federal p …
Dubai real estate sector sees $4.3bn of transactions this week
The Dubai real estate sector recorded more than AED15.9bn ($4.3bn) of transactions this week, according to data from the Land Department. It is an increase of almost $500m on the AED15.45bn recorded …
UAE: ADX General Index sees its largest daily rise in five months
UAE financial markets maintained their positive momentum on Friday for the second straight session, as Abu Dhabi’s general index added 1.26 per cent and Dubai’s main share index gained 0.17 per cent.
Alef Education increases number of shares allocated to First Tranche in its IPO
Following the completion of the IPO, the Selling Shareholders will continue to hold of 68% and 12%, respectively of the Company’s issued share capital …
Alef Education increases IPO first tranche to 140 million shares on strong demand
Post-IPO, the selling shareholders will retain 68 per cent and 12 … subject to market conditions and obtaining relevant regulatory approvals in the UAE, including admission approval from the …
UAE participates in Eurasian Group Plenary on Combating Money Laundering and Financing of Terrorism
The United Arab Emirates participated in the 40th Plenary Session of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), a FATF-Style Regional Body, in Bishkek, …
Dubai Financial Services Authority, Securities and Futures Commission of Hong Kong co-host high-level roundtable on strengthening China-Middle East corridor
The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) of Hong Kong co-hosted today a high-level roundtable in Dubai. The meeting marked the continued …
Saudi Arabia sets new test for international interest with $13.1 bln Aramco sale
Saudi Arabia and its bankers will on Sunday morning start taking orders for as much as $13.1 billion worth of shares in its energy giant Aramco , in a major test of international investor interest in …
UAE announces midday outdoor work ban to start June 15, fines of up to $13,600 for breaking rules
The Ministry of Human Resources and Emiratisation (MoHRE) is set to begin implementing the Midday Break, prohibiting work under direct sunlight and in open-air areas across the UAE, between 12.30pm …
UAE tax authority stresses mandatory deadline for corporate tax registration
Khalid Ali Al Bustani, Director-General of the FTA, opened an awareness workshop in Dubai this week as part of a campaign on corporate tax compliance …