Setting a new IPO record in Dubai’s financial market, the company will be the largest provider of paid parking facilities and services in the emirate …
UAE’s financial system ‘more secure’ than ever before, central bank says
The UAE’s financial system is more secure and efficient than ever before on the back of technological and structural advancements, the Central Bank of the UAE (CBUAE) said. The apex bank said the …
Mitgo Group acquires UAE finance platform Embedded
Mitgo Group has acquired the UAE-based embedded finance platform “Embedded” for undisclosed value. Founded in 2023 by Oleg Chanchikov, Embedded offers embedded financial services, which will augment …
Dubai International Financial Centre introduces major digital asset laws
DIFC introduces world-first law on the regulation of digital assets and security for investors and businesses in Dubai …
UAE Interbank Football Tournament donates prize money to the Red Crescent projects
The annual tournament organised by UAE Banks Federation, saw Dubai Islamic Bank win the first place, with HSBC Bank in second place and Sharjah Islamic Bank team in third place …
Dubai’s DIFC enacts world’s first comprehensive digital assets law
The new law follows a review by DIFC of legal approaches taken to digital assets in multiple jurisdictions, and a period of public consultation in 2023 …
The Transformative Impact of Revenue-Based Finance Fintech, Alternative Lending, and Monet on the lending Landscape
Challenges include inadequate financial management and lack of collateral for finance. In summary, the adoption and evolution of alternative lending and innovative financing models in the UAE are …
E.U to join IMF, World Bank, UAE in providing multi billion USD support to Egypt – Report
The European Union (EU) has disclosed plans to provide around €7.4 billion support to Egypt as part of effort to …
Parkin IPO: UAE retail offering increased on strong demand
The Dubai parking firm Parkin increased the allocation of retail investor shares to 89,964,000 ordinary shares from 74,970,000 ordinary shares.
Parkin increases allocation of retail investor shares in IPO
Following the increased allocation to the UAE Retail Offer, the Qualified Investor Tranche will be allocated 659,736,000 shares, instead of 674,730,000 ordinary shares, representing 88 per cent of the …
Privatisation to spur GCC IPO momentum in 2024
Although the overall value of funds raised through primary public listings dropped by about 55 per cent annually, the number of IPOs in the GCC declined marginally to 46 issuances in 2023 from 48 …
UAE: Parkin increases number of shares allocated to retail investors in its IPO
Parkin Company PJSC today announced an increase in the number of shares offered in the UAE Retail Offer of its initial public offering (IPO) following an exceptional level of over-subscription and …
Dubai Police Arrest 17 Beggars On First Day Of Ramadan
Photo: Dubai Police “Official entities and charitable organisations are available for those in need of financial assistance or iftar meals,” he explained. Al Shamsi added that begging is an illegal …
Blockchain Life Forum 2024 In Dubai: Find Out How To Make The Most Of The Current Bull Run
The highly anticipated Blockchain Life Forum 2024 is set to take place in the vibrant city of Dubai on April 15-16. Welcoming industry professionals and crypto enthusiasts from around the world, this …
Dubai’s 3 new master communities set to boost villa, townhouse supply
As off-plan sales continue to dominate the market, Dubai is set to see three new master communities emerge in 2024, boosting the much-needed villa and town..
Barakah Plant $2.42 billion refinancing recognised as Green Loan Facility, reinforcing its integral role in rapid decarbonisation of UAE power grid
The AED889 billion 242billion refinancing of the Barakah Nuclear Energy Plant project announced in 2023 has now been recognised as a Green Loan …
Dubai property price growth to ‘cool’ for apartments but spike for luxury villas and townhouses this year
Rising supply in housing units and development of new neighbourhoods in Dubai are cited as the reasons for the projected moderation in price growth this year …