Apart from 5G, data hubs could soon start providing more strength to du numbers The UAE as a global trade, tourist, and banking powerhouse was significantly hit by pandemic-induced market factors.
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Arab Bank Group reports 61% growth in net profits and 20% cash dividends
Arab Bank Group closed 2021 reporting net income after tax of $314.5 million as compared to $195.3 million in 2020, recording a growth of 61%. Group equity grew to reach $10.3 billion. The Board of …
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Israel president on first visit to UAE amid regional tensions
The nations normalized relations in the fall of 2020, part of a series of U.S.-brokered diplomatic deals between Israel and Arab states.
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Somalia Regional Court Slaps Further Restrictions on ‘UAE Money’
The Banadir regional court today issued further restrictions on $9.6 million seized by security forces… Sii akhri …
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UAE growth set to accelerate in 2022
FocusEconomics panelists forecast the UAE GDP to expand 4.5 per cent in 2022, which is up 0.1 percentage points from December 2021 forecast, and 3.7 per cent in …
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Saudi digital security firm Elm set to raise US$818 million in IPO
Saudi Arabian digital security firm Elm is set to raise 3.07 billion riyals (US$818 million) after pricing its initial public offering at the top of its indicative price range. Elm, owned by the …
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Saudi digital security firm Elm prices IPO at 128 riyals a share
Company is set to raise 3.07 billion riyals ($818 million) after pricing its IPO Dubai: Saudi Arabian digital security firm Elm is set to raise 3.07 billion riyals ($818 million) after pricing its …
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Saudi digital security firm Elm set to raise $818 mln in IPO
Saudi Arabian digital security firm Elm is set to raise 3.07 billion riyals ($818 million) after pricing its initial public offering at the top of its indicative price range.
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Dubai hospitality major eyes European growth as it targets new markets
Sunset Hospitality Group plans continued aggressive growth throughout 2022 by increasing its portfolio to over 50 operating venues Dubai hospitality major eyes European growth as it targets new …
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Vedant Fashions IPO opens next week: Here are 10 things to know before subscribing issue
Vedant Fashions limited is all set to open for its initial public offering (IPO) next week.Vedant Fashions Limited, which owns the popular ethnic wear brand Manyavar, aims to raise ₹3,149.19 crore fro …
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Vedant Fashions IPO to open next week: 10 key things to know before subscribing issue
Vedant Fashions, which owns ethnic wear brand Manyavar, will launch its initial public offering (IPO) next week on February 4. This would be the third public offer of this year after AGS Transact …
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‘I may never see my husband again’: Wife of ailing British businessman, 67, locked in Dubai jail over banking fraud says he has been condemned to die behind bars because he …
Heather Cornelius says her husband Ryan has already spent 13 years in a cell the size of a shipping container with five other inmates following a minor banking fraud.
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The UAE Cross-Border Transaction-$9.6 Million
Royal UAE jet landed at Adan Cade international airport. According to the reports at the time, the royal private jet did not notify its cash cargo to the Mogadishu Airport Authority, nor did it make …
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Manyavar IPO: Parent firm Vedant Fashions’ IPO to open on Feb 4, check price band, offer details
Manyavar’s parent firm Vedant Fashions Ltd has fixed a price band of Rs 824-866 a share for its upcoming Rs 3,149-crore initial public offering (IPO). The Manyavar IPO will open on February 4 and …
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UAE and Australia discuss means of developing economic relations
Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance (MoF), met on Friday with Christopher Pyne, Chairman of the Australia United Arab Emirates Business Council, …
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Manyavar-owner Vedant Fashions sets IPO price band. GMP, key details as issue opens next week
Vedant Fashions Limited is the one of largest companies in India in the men’s Indian wedding and celebration wear segment. The company’s flagship brand ‘Manyavar’. Other b …
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Covid-19 encouraging digital transformation among UAE banks
Covid-19 is accelerating the rate of digital transformation in the UAE’s banking sector, according the CEO of Bank of Sharjah.. Covid-19 encouraging digital transformation among UAE banks. bank of …
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