Increased global uncertainty led to larger financial inflows, contributing to rapid real estate price growth in some segments.” Looking ahead, the report says, the UAE economic outlook remains …
FTX’s Dubai license revoked by VARA crypto regulator
Dubai’s Virtual Assets Regulatory Authority (Vara) has suspended the two-month-old license of FTX Exchange FZE.
Americana IPO: restaurant group raises $1.8bn from oversubscribed offering
Americana, the largest quick-service restaurant operator in the Mena region, has raised $1.8 billion from its initial public offering, which will result in the company listing on the Arab world’s two …
Saudi Aramco gets regulator nod for Luberef IPO
Saudi oil giant Aramco’s base oil subsidiary, Luberef, has received the green light from the kingdom’s stock market regulator for an initial public offering, the Capital Market Authority said on …
UAE’s deal-hungry IHC plans health and IT business IPOs
Pure Health IPO seen fetching over $1 billion, CEO says; Targets tech unit IPO in 3rd quarter, with $1 bln assets; Mulls IPO of International Energy Holding next …
UAE shoppers can save an additional AED 500M this holiday season: Report
According to Redseer, 60 percent of UAE respondents plan to shop this season. Out of which, 71 percent are expected to spend more compared with 2021.
UAE fintech Qashio raises $10 million Seed to accelerate KSA expansion
UAE-based fintech Qashio, has raised $10 million in a Seed round through a mix of equity and no equity financing. Investors …
UAE: Five scam callers wipe out residents’ bank savings, arrested
A gang of five men — who wiped out residents’ savings accounts by pretending to be bank employees — was arrested in Sharjah, police said on …
Finance House launches SME Loans against Gold
Finance House, one of the UAE’s leading financial institutions, today launched MENA’s first instant loan facility for Small and Medium-sized Enterprises (SMEs) in the UAE, against their gold holdings …
UAE shoppers can save Dh500 million this holiday season: Study
Great deals, discounts during Black Friday sales, interest-free instalment options offered by banks make shopping more wallet-friendly …
UAE Announces Expanding Salary Support To Citizens In Private And Banking Sectors
The UAE government has expanded the salary support it offers to Emiratis hired in the private and banking sectors. This will boost the government’s campaign to integrate locals into the private sector …
UAE and Africa to strengthen non-oil trade and investments
Etihad Credit Insurance (ECI), the UAE Federal export credit company, and African Trade Insurance Agency (ATI) signed a reciprocal reinsurance agreement to strengthen trade ties and boost exports …
UAE announces first eye donation transplant bank
The UAE has announced it will open the country’s first eye bank in Abu Dhabi. Partnering with a leading US medical firm, Abu Dhabi’s Department of Health will create a facility which will import and …
UAE firms best Q3 performers in GCC
Abu Dhabi-listed companies showed the biggest y-o-y profitability improvement during Q3 with net profits almost doubling to $9.1 billion as compared to $ 4.7 billion Q3-2021 …
UAE banks outperform lenders in US and emerging markets, EFG Hermes says
Provided by The National Emirates NBD is among top banking picks for EFG Hermes. Ravindranath K / The National . Share prices of major UAE lenders have outperformed banks in th …
UAE to have first Eye and Tissue Bank
Abu Dhabi to serve as an importer for corneas and other eye-related tissues into the region. This is apart from integrating the eye and tissue banking programme into the UAE’s National Programme for …
Dubai hits $517 million in real estate transactions on Tuesday
The Dubai real estate market recorded transactions worth $517 million (AED1.9 billion) on Monday, according to data from the Dubai Land Department.