The UAE Central Bank recently introduced a new polymer Dh500 banknote slated for circulation from Thursday, November 30. The updated bill, retaining its iconic blue color for easy identification, was …
National Pavilion UAE wins abundant acclaim before closing doors in Venice
Guests in conversation at Aridly Abundant exhibition.
Dubai Taxi Company sucessfully completes bookbuild for IPO raising AED 1.2 billion with global offering 130 times oversubscribed
The IPO will result in total gross proceeds of around AED 1.2 billion (equivalent to approximately US$ 315 million) being paid to the Department of Finance representing the Government of Dubai (the …
Dubai Taxi Gets $41 Billion in Orders for $315 Million IPO
Dubai Taxi Co. received over 150 billion dirhams ($41 billion) in investor orders for its $315 million initial public offering, a record for the city, in a sign the Persian Gulf continues to be a …
Dubai bucks global dip in super-prime house sales; tops ranking
Bucking a global downward trend in super-prime residential sales, Dubai again led the world ranking of quarterly deals in this category of residences price..
Dubai Taxi Company valued at $1.26bn in oversubscribed offering
It is the biggest taxi operator in the emirate and currently holds about 44 per cent market share.About 96 million journeys were made on Dubai’s fleet of taxis in the first half of this year – with …
Dubai Taxi IPO oversubscribed 130 times; values company at Dh4.6 billion
Dubai Taxi Company on Wednesday announced that its initial public offering (IPO) was oversubscribed 130 times. The final offer price was set at Dh1.85, indicating a market value of Dh4.6 billion when …
New Dh500 banknote issued by UAE Central Bank
The new banknote is being issued in the same blue colour, for easier identification and will go into circulation on Wednesday, November 30 …
First look: UAE issues new AED500 note to celebrate COP28 and National Day
The UAE has issued a new-look AED500 note as it prepares to host COP28 in Dubai. Coinciding with hosting COP28 and celebrations for the country’s 52nd National Day, the Central Bank of the UAE …
UAE-China ink multibillion-dollar deals as ties grow
The United Arab Emirates and China are major trade partners and have strengthened cooperation in both finance and energy in recent months.
UAE: Ministry of Finance to organise high-level roundtable to discuss climate finance during COP28
The UAE Ministry of Finance announced its participation at the 28th United Nations Climate Change Conference of the Parties (COP28) scheduled to be held in the UAE from 30th November to 2nd December …
Retail tranche of Dubai Taxi Co IPO grows as local investors pile into the book
With Dubai Taxi Co, and the IPO of the emirate’s car parking business in the New Year, the government of Dubai has restarted a privatisation drive that has been paused for more than a year. Dubai’s …
Dubai Taxi Company announces IPO shares increase due to strong demand
The overall size of the IPO remains unchanged at 624,750,000 ordinary shares, representing 24.99 percent of the company’s total issued share capital …
Central Bank of UAE hosts CIBAFI’s pre-COP28 roundtable
This release follows CIBAFI’s earlier efforts in promoting sustainable development, including the publication of the CIBAFI Sustainability Guide, illustrating its continuous commitment to responsible …
Checkout.com appoints Standard Chartered as banking partner in MENA
November 2023 – Dubai, United Arab Emirates: Checkout.com, the global payments service provider, announced today a strategic partnership with Standard Chartered as their cash management bank to bring …
Dubai real estate: When is the ‘best time’ to buy property? Experts reveal
According to Betterhomes’ Senior Sales Agent Calvin King, the “best time” to buy property in Dubai solely depends on personal circumstances and financial readiness. “Currently, many residents who are …
So, what can Dubai do? COP28 will really test rich nations’ commitment to climate finance. Big Oil & Big Gas will be under severe scrutiny
There is always a hype built around the annual United Nations Climate Change Conference. Every Conference of the Parties (COP) is projected as a do-or-die meeting. Success is typically measured by the …