The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q1 2024 net profit of 4.2 billion dirhams ($1.14 billion), 6% higher year-on-year (YoY) on strong revenue growth. The net profit topped …
UAE Fund Transfer System processed transactions worth $816.89bln in Jan-Feb 2024
ABU DHABI: The gross value of interbank fund transfers through UAE Fund Transfer System (UAEFTS) rose to more than AED3 trillion during January and February, 2024, according to the latest statistics …
UAE banks’ investments surpass AED650 bn mark
UAE banks’ investments exceeded the AED650 billion mark by the end of February 2024, reaching its highest level in history, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Emirates Institute Of Finance Launches Future Tech Leaders Program For UAE Nationals
Emirates Institute of Finance Launches Future Tech Leaders Program for UAE Nationals Dubai – 30 April 2024: …
Spinneys IPO to price at top of its range
Spinneys’ IPO consists of 900m shares, equivalent to 25% of the company, sold by Al Seer Group, a vehicle for the Al Bwardy family. At the top of the price range, the IPO will raise Dh1.37bn. No new …
UAE banks’ investments surpass AED650 billion mark to reach their highest level in history
UAE banks’ investments exceeded the AED650 billion mark by the end of February 2024, reaching its highest level in history, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Dubai Ruler’s Firm Refinances $8.2 Billion to Tap Property Boom
Dubai Holding refinanced a 30 billion dirham ($8.2 billion) loan to replace older facilities at the two state-backed developers it absorbed last month, better positioning itself to capitalize on a …
UAE central bank’s foreign assets up Dhs203bn in February 2024
The UAE central bank attributed increase in foreign asset volume to the rise in current account balances and deposits with banks abroad.
Dubai real estate buyer’s guide: All costs, extra fees for new homeonwers revealed
As the Dubai real estate market continues to witness staggering investor interest, here is all you need to know about the extra costs and fees associated with buying a home in the city …
Spinneys IPO: Retailer increases retail offering on higher demand
Spinneys, the operator of premium supermarkets in the UAE and Oman, has increased the number of shares allocated to retail investors in its initial public offering, with the company expected to raise …
Spinneys increases number of shares allocated to Retail Investors in its IPO
DUBAI, 30th April, 2024 (WAM) — Spinneys 1961 Holding plc today announced that it will increase the number of shares allocated to the UAE Retail Offering of its initial public offering (IPO) on Dubai …
Dubai’s Spinneys Expands IPO Retail Offering
Due to strong investor demand, Dubai’s supermarket chain operator, Spinneys, has announced an increase in the size of its retail offering for its upcoming IPO. [1] Read More: Spinneys’ $375 Million Du …
Spinneys increases retail share offering for upcoming IPO
Following approval from the UAE’s Securities and Commodities Authority, the UAE Retail Offering has been upped from 45 million shares to 63 million shares. Consequently, the UAE Retail Offering will …
Spinneys increases retail offering of IPO to 63 million shares
Total size of the IPO remains unchanged at 900 million shares; Institutional investors offering now reduced to 93% …
Dubai’s 120 richest families and individuals own $1trln in wealth
The emirate is home to 68,500 millionaires with at least $1 million in liquid assets and 206 centi-millionaires …
UAE Ministry of Finance participated in 2024 IsDB Group annual meetings
Riyadh, KSA – The UAE Ministry of Finance participated in the 2024 Islamic Development Bank (IsDB) Group Annual Meetings held from 27 to 30 April 2024 in Riyadh, KSA. This year’s annual meetings …
UAE banks make history by achieving over Dh650 billion in investments
This was in comparison to about Dh541.4 billion in February 2023, an increase equivalent to Dh111.3 billion within 12 months …