‘AFAQ’ is a system linking payment systems in GCC countries, operated by the Gulf Payments The UAE Central Bank located on the Baynoonah street in Abu Dhabi. Image Credit: Gulf News archives Abu Dhabi …
PureHealth IPO Receives Staggering Demand, Gross Orders Received of AED 265 Billion
PureHealth Holding PJSC (Public Joint Stock Company under incorporation; the “Company”), today announces the successful completion of the subscription process for its initial public Offering (“IPO” or …
Dubai unveils new sovereign wealth fund to house billions of dollars in assets
Dubai Investment Fund will house assets and invest government funds, surpluses and the general reserve locally and internationally.
Aqua Bridge announces pursuit of IPO on Dubai Nasdaq “amidst spectacular growth”
Dubai, United Arab Emirates-based Aqua Bridge Group, which provides services and management expertise for the aquaculture industry globally, is considering an initial public offering on the Dubai …
Saudi Arabia’s MBC Group gets $14.5bn orders for IPO
Saudi Arabia’s MBC Group said the pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing.
Sahil Khan’s game-changing PRO services: Fast, affordable finance and business solutions in the UAE
Entrepreneur Sahil Khan, renowned for his success in the automobile industry with Sahil Khan Designs (SKD), has expanded his entrepreneurial footprint by venturing …
UAE central bank joins “Afaq” Gulf payments system
The CBUAE said the move was “in line with its strategic objectives of shaping the future of the UAE’s financial technology and digitization journey” …
RAKBANK launches credit card exclusively for one million Emirati nationals in the UAE
The card is made from recycled materials, which reinforces the bank’s commitment to integrating sustainability into its core business strategy for long-term financial growth as it aims for net zero em …
Bank ABC and Yellow Door Energy sign multi-million-dollar agreement to finance Majid Al Futtaim’s solar power projects in three countries
Bank ABC, MENA’s international banking powerhouse headquartered in the Kingdom of Bahrain, has today announced the signing of a financing agreement with …
80% of Mastercard cards in the UAE to be sustainable by 2025 as part of a world-first Sustainable Cards Pledge
Dubai, UAE: Thanks to commitments from the UAE’s banks, 80% of Mastercard cards in the market issued from 2025 will be sustainable. This is the outcome of Mastercard’s UAE Sustainable Cards Pledge, an …
Dubai Unveils New Investment Fund With Billions in Assets
“The fund will focus on investments in stocks, bonds, and securities to achieve sustainable returns and can explore prospects in local or international financial markets,” WAM said. Dubai Deputy Ruler …
UAE green bonds, sukuk issuance hit Dhs15bn, says SCA
The UAE has been encouraging issuers to raise green and sustainability-linked bonds, and sukuk to accelerate its transition to low-carbon economy.
Hong Kong’s Archireef partners with First Abu Dhabi Bank to restore marine ecosystems in the Middle East
Hong Kong marine tech start-up Archireef will partner with the Middle East’s biggest bank, First Abu Dhabi Bank (FAB), to deploy terracotta tiles that will help restore the degraded reef ecosystem off …
Dubai Sets Up New Fund to Hold Assets Worth Billions of Dollars
Dubai has set up a new fund to drive investments in strategically important projects and said the entity will house government-owned assets valued at billions of dollars.
Netanyahu said to tell MKs that Saudis, UAE will foot bill of Gaza reconstruction
PM makes claim despite Arab nations’ insistence they won’t participate in day-after planning that doesn’t lead to PA’s return to Strip and promotion of two states, which he opposes The post Netanyahu …
Dubai sets up fund to oversee government investments
Dubai’s fund will hold stakes in entities including utility giant Dubai Electricity and Water Authority, toll operator Salik and Dubai Taxi Company.
Dubai sets up Dubai Investment Fund to boost financial stability
Dubai will transfer shares it owns in Dubai Electricity and Water Authority, toll-road operator Salik and Dubai Taxi to a new investment fund that will aim to generate returns and bolster the …