Khalaf Ahmad Al Habtoor, founding chairman of Al Habtoor Group, said on Thursday that he would contribute up to Dh100 million to the fund. “Mother is the most important person i …
Robust IPO activity in MENA region points to market resilience
Ernst & Young’s latest report reveals robust initial public offering (IPO) activity in the Middle East and North Africa (MENA) region during the firs …
Mideast Stocks: Most Gulf markets rise on US rate cut optimism; Dubai slips
Saudi Arabia’s benchmark stock index bounced back after two straight sessions of losses and advanced 0.8%, with ACWA Power rising 6.2% and Saudi National Bank, the kingdom’s largest lender, adding 1.7 …
ADX gained $1.9bln today, fueled by strong performances from bank stocks
The total market capitalisation of listed shares reached AED3.49 trillion at the end of Thursday’s trading session …
ADX: Abu Dhabi exchange adds $1.9bn in one day on strong bank stocks
On DFM, Emaar Properties emerged as the most actively traded stock, attracting AED139.8m in liquidity. Air Arabia followed with AED29.3m in liquidity, while Emaar Development and Dubai Islamic Bank …
Dubai’s VARA: Two Years As World’s First Virtual Asset Regulator
Deepa Raja Carbon discusses VARA’s origin story and impact on elevating Dubai as a global digital asset leader.
“We Got Funded!” UAE-Based Keyper Raises US$4 Million In A Pre-Series A Round, And An Additional $30 Million In Sukuk Financing
Keyper, a UAE-based rent-now-pay-later (RNPL) platform, has raised US$4 million in a pre-series A equity round led by BECO Capital, a UAE-headquartered early-stage venture capital (VC) firm, and …
Dubai-listed Amanat Holdings considers IPO of education platform
DUBAI: Dubai-listed Amanat Holdings is considering options for its education platform, including a potential regional initial public offering (IPO), the company said in a statement on Wednesday.
Hedge funds are racing to set up in Abu Dhabi and Dubai. It’s not only about the money.
Capital from the Middle East might not come to your hedge fund’s new Dubai office, but plenty of portfolio managers will.
Blue Owl and State Street join the rush to Dubai
State Street, Blue Owl Capital and Point72 have joined a host of leading finance names setting up shop in the Middle East, as an influx of talent to the region continued in the first quarter.
UAE: New app seeks to facilitate installment payments for small businesses
Initially rolling out operations in the UAE, the platform plans to expand globally in the coming quarters, aiming to simplify financial management, enhance efficiency, and drive growth. Special …
Mastercard and ABHI collaborate to fuel UAE’s Financial Landscape
Mastercard has collaborated with ABHI, an embedded finance platform backed by Hub71, to strengthen financial payments landscape across the UAE.
UAE Cabinet approves National Youth Agenda 2031; introduces ‘Blue Residency’ for sustainability experts
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of His Highness Sheikh Mansour …
CWG Secures Best Copy Trading Platform Award at BrokersView Expo 2024 in Dubai
PORT VILA, VANUATU / ACCESSWIRE / / In a testament to resilience and innovation in the financial sector,CWG Marketsclinched the “Best Copy Trading Platform” award at the recently concluded BrokersView …
Terrorist groups suspected of channelling funds into Dubai real estate: Report
Numerous people linked to groups targeted with the United States sanctions as terrorist organisations, such as Hezbollah and Houthi rebels, appear to have bought real estate in Dubai, reports Nikkei …
Dubai beats Singapore, London as top city for ‘greenfield’ FDI projects
FDI Markets data, compiled by the Financial Times, found the UAE’s financial capital ranked top overall in global “greenfield” FDI projects attracted in 2023.
Mideast Stocks: Gulf markets slip on weaker earnings; Dubai hits four-month low
Dubai’s benchmark index dropped 1.1% to 4,093 … Oil prices, a catalyst for the Gulf’s financial markets, dipped 0.3% as the International Energy Agency trimmed its forecast for 2024 oil demand …