Dubai’s financial regulator fined the private banking unit of Oversea-Chinese Banking Corp. US$1.12 million for regulatory breaches including inadequate systems and controls related to anti-money …
International Development Bank opens its first branch in Dubai, the UAE
Under the patronage of the Ministry of Economy in the United Arab Emirates, International Development Bank (IDB) – one of the top-ranking private Iraqi banks – has announced the opening of its first …
‘Taaleem’ announces offer price range, start of subscription period for IPO in Dubai
Taaleem Holdings on Thursday set the price range for its IPO on the for its initial public offering (IPO) on the Dubai Financial Market (DFM) between …
UAE green bonds, sukuk market valued at $17 billion
The size of the global market for green sukuk in 2020 was estimated at $1 trillion UAE green bonds, sukuk market valued at $17 billion COP27, Egypt, Green finance, sustainable finance, UAE Green Bond …
Taaleem IPO: Dubai school operator sets offer price range as subscription begins
Dubai school operator Taaleem Holdings has set the price range of its shares as part of its initial public offering that seeks to raise Dh750 million ($204m). The company set the price range between …
Dubai: Emirates hits record Dh4-billion net profit for first half of 2022
The airline’s strong turnaround performance is driven by strong passenger demand for international travel across markets,’ the Group says in a statement …
UAE’s Taaleem sets offer price range, looks to raise $204m from IPO
UAE-based education provider Taaleem Holdings has announced the price range and start of the subscription period for its initial public offering (“IPO” or …
Wio Bank, Mambu Bring Virtual Banking Services to the UAE
Mambu’s platform enables Wio Bank “to achieve a faster time to market as it helps establish the UAE as a hub for the growing digital economy.” …
Dubai real estate: $463m of property deals recorded on Wednesday
Dubai real estate market recorded 466 sales transactions worth $411m (AED1.51bn) on Wednesday, according to the Dubai Land Department. In addition to 93 mortgage deals of $58m (AED212.74m), and 11 …
COP27: UAE’s green bonds, sukuk market valued at $17 billion
The UAE Ministry of Climate Change and Environment (MoCCAE) co-hosted a fireside chat on its Green Bond and Sukuk Programme with the Global Green Growth In..
UAE Sustainable Finance Working Group Issues Second Public Statement
Through the second high-level statement, SFWG members reiterated their commitment towards enabling the UAE’s economic transition and encouraging the adoption of sustainable finance at a national level …
Empower IPO raises Dh2.66b amid huge demand; Dh1.33 per share price offered
The offering attracts $34 billion in orders from investors; Company set to become the world’s largest listed district cooling services provider …
Dubai Empower IPO raises $724mln; pricing set at top of range
IPO raised 2.66 billion dirhams ($724 million) after pricing its shares at AED1.33 per share, the top of the indicated range. The offering, which was upsized twice due to high investor interest, was …
Empower IPO raises $724m amid huge demand
Empower IPO attracted $34bn in orders from investors Empower IPO raises $724m amid huge demand Empower, Empower IPO, GCC IPO activity, GCC IPO market, IPO, IPO in Dubai, IPO market Capital markets …
UAE debuts green bond and sukuk program development report at COP27
During the session, MOCCAE announced the issue of a new situation analysis report of the green bond and sukuk market in the UAE as part of its efforts to support the growth of sustainable finance in …
Empower’s Dubai IPO Raises $724 Million After Pricing at the Top
Emirates Central Cooling Systems Corp.’s initial public offering in Dubai raised 2.66 billion dirhams ($724 million) after pricing its shares at the top of a marketed range, with investors putting in …
Empower IPO raises Dh2.66b after pricing at the top
Shareholders Dubai Electricity & Water Authority and Emirates Power Investment sold two billion shares – a 20 per cent stake – at Dh1.33 each. The IPO of Empower, as the district cooling firm is known …