Emaar, known for building the Burj Khalifa, has changed its rules so foreign shareholders could own every single share in the company.
( read original story …)
Dubai Islamic Bank Publishes Its Sustainable Finance Framework
Dubai Islamic Bank PJSC (“DIB”) has today announced the publication of its Sustainable Finance Framework (“Framework”) which was created to facilitate t …
( read original story …)
UAE firms face AED6k a month fines for not hiring Emiratis
Companies with over 50 employees must ensure 2 percent of their employees are Emirati before 2023 UAE firms face AED6k a month fines for not hiring Emiratis Emiratisation, Ministry of Human Resources …
( read original story …)
UAE seeks to attract tech firms with special visas
DUBAI: The United Arab Emirates (UAE) is trying to lure advanced technology companies away from hubs in Asia and Europe by fast-tracking business licences and offering long-term residency for …
( read original story …)
Henley & Partners’ Head of the Middle East Reports on why the UAE is so Attractive for Private Wealth Clients and Advisors
Philippe Amarante is Head of Henley & Partners Middle East. At the Hubbis Wealth Solutions Forum in Dubai on September 20 he offered delegates a presentation on why the UAE is pulling in more private …
( read original story …)
UAE Banks Federation organises Cyber Wargame
The UAE Banks Federation, the unified representative of UAE banks, organised the Cyber Wargame event on 6th October 2022, as part of its ongoing efforts to enhance cyber security and follow best …
( read original story …)
Dubai records over AED1.4 billion in realty transactions on Thursday
The sales included 401 villas and apartments worth AED886.89 million Dubai – Dubai real estate market recorded 446 sales transactions worth AED1.13 billion, in addition to 81 mortgage deals of AED162.
( read original story …)
UAE’s real estate sector upbeat on Q3 residential, office growth
The UAE’s real estate sector continues to build momentum buoyed by a positive trajectory across its residential, office, retail and hospitality sectors during the third quarter of this year, said a …
( read original story …)
Virtuzone Partners With Wio Bank To Bring The Latter’s First Digital Banking Solution To SMEs And Startups In The UAE
As Wio Bank’s first tailored business banking application, Wio Business is thus built to enable SMEs to have access to easy and simple banking tools to manage their businesses better.
( read original story …)
UAE IPO boom buoys GCC markets
A remarkable surge in companies going public in the UAE rendered a major boost to the GCC markets with 27 IPOs raising a total of $14.5 billion in 2022, reflecting an increasing buoyancy in investor …
( read original story …)
Crunch launches new personal finance management app
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
( read original story …)
Dubai’s DEWA Falls Below IPO Price as Growth Woes Hit Mood
Shares in Dubai’s main utility dropped below their initial public offering price for the first time, six months after the company raised $6.1 billion in the city’s biggest-ever listing.Most Read from …
( read original story …)
Saudi Arabia’s Alsulaiman Group weighs IPO of IKEA business – sources
DUBAI, Oct 20 (Reuters) – Saudi Arabia’s Alsulaiman Group is … The Gulf is in the midst of an IPO boom, with issuers raising more than $15 billion from IPOs this year, according to Refinitiv data.
( read original story …)
THIS is what R3 billion buys you in Dubai – PICTURE
India’s second-richest man Mukesh Ambani is building upon his Dubai property empire with another eye-watering beach-side villa purchase.
( read original story …)
Virtuzone and Wio Bank partner to drive digital innovation
Virtuzone, in collaboration with Wio Bank, offers entrepreneurs seamless access to banking services through Wio’s SME-focused digital banking application, Wio Business. As a result of this alliance, …
( read original story …)
Dubai Financial Market admits Amsterdam’s Laval Securities as market maker
Dubai Financial Market (DFM) has admitted Laval Securities BV as a market maker for listed companies, bringing the total number of active market makers on the exchange to five. As a market maker, …
( read original story …)
Zymeworks strikes $1.8-billion licensing deal labelled ‘bad’ for shareholders by hostile suitor
Shares of Zymeworks Inc. rose after it announced an unusual licensing deal with Irish company Jazz Pharmaceuticals that could be worth US$1.8-billion-plus to the Vancouver cancer drug developer …
( read original story …)