The funding round into Dubai-based Credable was led by Venture Platform and saw the participation of other VCs and angel investors.
Most Gulf bourses rise as banking crisis worries ease
Most Gulf stock markets closed higher on Tuesday as fears of a global banking meltdown eased, and expectations of a lower interest rate hike by the U.S. Federal Reserve raised investors’ sentiments.
Global Surfaces IPO: Latest GMP as all eyes on shares listing after allotment
Global Surfaces IPO comprised of fresh issuance of 85.20 lakh equity shares … be used for setting up the company’s proposed facility – Global Surfaces FZE – in Dubai. The quota for Retail Individual …
Saudi National Bank strategy unaffected by hit to Credit Suisse investment
Saudi National Bank 1180.SE, the largest shareholder in Credit Suisse , said on Monday its strategy will be unaffected by reduced valuation on its investment in the Swiss bank after its takeover by …
Dubai: Gold prices open higher; focus on Fed meeting
Gold prices opened higher in Dubai on Tuesday morning as compared to last night’s close, with investors looking forward to the Federal Reserve policy meeti..
Ramadan 2023: Dubai Announces 8 Fixed, Mobile Cannon Firing Locations To Announce Iftar Time
The Iftar cannons have become a popular ramadan tradition in the emirate since the early 1960s. Major General Abdullah Ali Al Ghaithi Assistant Commander-in-Chief for Operations Affairs, confirmed …
Rupee races to replace dollar as UAE to join 18 others to settle trade in INR
UAE may soon join 18 other countries that have agreed to trade in the India Rupees and give up dollar as cross-border transaction mode. Discussions are underway with the United Arab Emirates (UAE) for …
Department of Finance in UAE
Department of Finance – Abu Dhabi (DoF) announced today that Abu Dhabi Government has repaid its sovereign bonds on April 8, 2019. The bonds were issued by Abu Dhabi Government in 2009 in two …
Dubai: Gold prices drop after UBS takes over Credit Suisse
UBS agreed to buy Credit Suisse for $3.23 billion and assume up to $5.4 billion in losses in a deal backed by a massive Swiss guarantee …
Central Bank of UAE, Reserve Bank of India to Support Innovation in Financial Services
The Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) signed recently a Memorandum of Understanding.
UAE Central Bank Gives Green Light To UAE’s First Paperless Direct Debit Marketplace – Mid-East.Info
Dubai, UAE: UAE Central Bank (CBUAE) has given the go ahead for the Emirates’ first paperless Direct Debit Marketplace, to provide payers and merchants with an all-in-one solution to make regular …
Dubai is proactively developing plans to accelerate digital growth, says Sheikh Hamdan
CEO of the Dubai International Financial Centre (DIFC) and Maha Al Mezaina, Reporter of the Committee. Sheikh Hamdan bin Mohammed said Dubai is proactively developing plans to accelerate digital …
Qatar charges ex-finance minister with bribery, embezzlement
Qatar announced Sunday the nation’s former finance minister faces charges including bribery and embezzlement from his time in the post. Ali Sharif al-Emadi was arrested in May 2021, with little about …
Dubai Jobs: Expats Offered Salaries Between Dh10,000 To Dh50,000 At Government Firms
Dubai Women Establishment, Department of Finance, Mohammed bin Rashid School of Government and others have advertised to fill a number of vacancies, which are open to expatriates as well. Most of …
Dubai’s First IPO of the Year Sells Out in Under an Hour
The owners of remittances and money exchange firm Al Ansari Financial Services plan to raise as much as $210.3 million in an initial public offering in Dubai, set to be the emirate’s first listing of …
Maktoum Bin Mohammed Approves New Strategic Plans Of Dubai’s Judicial Entities
Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of the Dubai Judicial Council, chaired a meeting of the Judicial Council, at the Ruler’s Court. During the meeting, …
Presight AI’s $496m IPO attracts $25.8bn in orders
UAE-based exchange house Al Ansari Financial Services plans to raise as much as Dhs772.5m from an IPO on the Dubai Financial Market. Kuwait-based asset management firm, KAMCO Invest, said the IPO …