Additionally, the Dubai Financial Market (DFM) saw the successful listing of Dubai Taxi Company, generating $315 million. Saudi Arabia continued to dominate the IPO landscape in the MENA region, …
UAE: National Bonds plans on simplifying savings, fostering financial literacy, digital tools
It is catering to diverse segments with products like ‘My One Million’ and ‘Second Salary’ designed to create an additional income stream for individuals …
MENA witnesses 48 IPOs raising US$10.7 billion in 2023
According to the EY MENA IPO Eye Q4 2023 report, MENA markets saw 48 initial public offerings (IPOs) in 2023, raising US$10.7b in total. Five listings, …
MENA witnesses 48 IPOs raising $10.7bln in 2023
Dubai, UAE – According to the EY MENA IPO Eye Q4 2023 report, MENA markets saw 48 initial public offerings (IPOs) in 2023, raising US$10.7b in total. Five listings, mainly in the energy and logistics …
Finance Middle East to honour industry experts in inaugural awards cermony
The inaugural Finance Middle East Awards will celebrate outstanding achievements in the Middle East’s finance industry …
UAE Movers Market: Accelerated Growth with Forecasted Valuation of AED 835.2M by 2028
Ken Research’s latest study forecasts a robust expansion in the UAE Movers Market, with a projected value of AED 835.2 million by 2028. This growth, at a compound annual growth rate (CAGR) of 11.7% …
UAE banks to lead regional growth in 2024
The UAE banking sector is likely to maintain its solid performance in 2024 and take the lead in regional growth after a strong third quarter 2023 result despite a slight moderation expected in the …
Bengal ration scam: ED tracks fictitious transaction through Dubai-based bank
Enforcement Directorate (ED) probing the ration distribution case in West Bengal has been able to track a fictitious transaction made in dollars through a Dubai-based license-expired …
President Sheikh Mohamed extends UAE’s Year of Sustainability for 2024
President Sheikh Mohamed marked the 27th National Environment Day on Sunday by declaring that the UAE’s Year of Sustainability will continue this year.The UAE leader said the decision underlined the …
SingleView awarded as “The Most Innovative Open Banking Solution Provider in Saudi Arabia” in 2023
This prestigious award acknowledges SingleView’s distinctive efforts in delivering Financial Technology solutions across various sectors …
UAE, China break ground with $13m in CBDC transaction
A groundbreaking financial maneuver has just unfolded as the United Arab Emirates and China marked a significant milestone in the realm of digital currency, …
UAE bank ADCB Q4 net profit jumps 38%, beats forecasts
Abu Dhabi Commercial Bank ADCB.AD posted a 38 per cent rise in fourth-quarter profit, beating analysts’ forecasts, after higher interest and financing income, as well as a one-off gain from the sale …
Dubai-based Shuaa Capital not delisting, board confirms
A statement said: “With reference to the recent news about Shuaa Capital PSC going private and the intention of the company’s board of directors to delist it from the Dubai Financial Market, the board …
Emirates Development Bank recognized as best regional development bank at International Finance Awards
Award recognizes the bank’s long tenor patient debt approach and innovative financing solutions to empower businesses and drive economic impact …
Commercial Bank of Dubai’s net profits cross $708mln in 2023
CBD registered $1.34bln in total operating income during January- December 2023, higher by 29.50% year-on-year …
GCC banks to prove resilient in 2024 with UAE, Saudi banking systems leading: S&P Global
S&P Global anticipates overall stability in key metrics for GCC banks in 2024. Credit growth and profitability are expected to remain robust, with the UAE and Saudi banking systems leading the region.
UAE economy projected to grow by 5.7% in 2024 despite global woes
Younis Haji Al Khoori, Undersecretary of the Ministry of Finance (MoF), said the UAE economy is projected to grow by 5.7% in 2024 despite prevailing global economic challenges, …