Mashreq NEO, a full-service digital bank from Mashreq Bank, announced a strategic partnership with Federal Bank, a leading financial institution in India to enable Mashreq Neo’s Indian customers open …
( read original story …)
After mega-IPO, DEWA’s stock is all set to trade and DFM takes first step to Dh3t market cap
Dubai: The stage is set for Dubai Financial Market to make its journey to a Dh3 trillion market capitalisation, with DEWA set to list after a hugely successful IPO. DEWA, whose re …
( read original story …)
Dubai-based billionaire expected today
The meeting was organised by Dubai-based Zimbabwean businessman Mr Tempter Paul Tungwarara … Also present at the meeting was Finance and Economic Development Minister Professor Mthuli Ncube and …
( read original story …)
Cabinet approves establishment of UAE Council for Digital Economy
The UAE Council for Digital Economy will support the directions of the country, to double the contribution of the digital economy to the UAE’s GDP in the year 2031, and enhances the implementation of …
( read original story …)
Dubai rises ahead of Dewa IPO listing today
to 3,587.68 points ahead of possible listing of state utility Dubai Electricity and Water Authority’s initial public offering on the exchange. The markets players have high expectations for Dewa IPO, …
( read original story …)
Dubai rises ahead of DEWA IPO, Egypt ends lower
Dubai’s main index surged over 1% on Monday amid high expectations for state utility Dubai Electricity and Water Authority’s (DEWA) initial public offering, while sentiment was muted in Egypt after …
( read original story …)
UAE real estate market is booming with home loan rates set to rise: Here’s how you can benefit
What does a rebounding market mean to an investor looking to buy real estate in the UAE ? Dubai: The property market has evidently proved to be remarkably resilient during the pandemic, but what does …
( read original story …)
Dubai: Will the Middle East’s New Crypto Oasis Go Global?
Located at the crossroads of Europe, Africa, and Asia, it is an ideal location for a crypto-friendly oasis in a world where harsh restrictions on decentralized finance remain the …
( read original story …)
UAE Port Automation Market Research Report (2022 to 2027) – Featuring DHI, Microsoft and Accenture Among Others – ResearchAndMarkets.com
The “UAE Port Automation Market Research Report: Forecast (2022-2027)” report has been added to ResearchAndMarkets.com’s offering. This study cites that the UAE Port Automation Market is expected to …
( read original story …)
Middle East hospital operator VPS hires banks for IPO, sources say
Middle Eastern hospital operator VPS Healthcare has hired investment banks for an Abu Dhabi initial public offering (IPO) in the second half of the year, two sources close to the matter told Reuters.
( read original story …)
Mashreq Neo’s Indian customers can now open NRI accounts with Federal Bank instantly
They will also be able to view the balance in their India accounts on the Neo app Dubai: Mashreq NEO and India’s Federal Bank have entered into an agreement that allows the former’s Indian customers …
( read original story …)
Mashreq NEO Ties Up with Federal Bank to facilitate NR Account opening for Indians in UAE, making it first of its kind
Mashreq NEO becomes first Digital bank in the UAE to allow non-resident Indian customers in UAE to open a non-resident account in India easily and instantly …
( read original story …)
After mega-IPO, DEWA is all set for DFM listing – how high will stock go on opening day?
DEWA had earnings of Dh6.6 billion in 2021 – with an annual dividend payout of a minimum Dh6.2 billion, that would then represent a 90 per cent plus payout,” said Sameer Lakh …
( read original story …)
UAE state funds were used to buy Israeli spyware
An Abu Dhabi state-owned investment company has been an investor in “Israeli” cyberweapon maker NSO Group since 2019, during which time NSO’s Pegasus spyware has been traced to the phones of …
( read original story …)
UAE businesses need to get cracking to be ready for June 2023’s corporate tax regime
Preparing for VAT will ensure that UAE businesses need less lead-time to be ready A 9 per cent corporate tax to be introduced in the UAE from June 2023, with a higher percentage set for …
( read original story …)
UAE banks have work to do as Central Bank winds down Covid-linked support measures
UAE Central Bank is in the midst of withdrawing key support measures launched in 2020 Dubai: As UAE banks continue to report strong recovery, analysts and bankers fear the full withdrawal of the …
( read original story …)
Dubai utility DEWA to raise $6.1 billion in biggest Gulf IPO since 2019
Dubai Electricity and Water Authority (DEWA) is set to raise 22.32 billion dirhams ($6.1 billion) after pricing its initial public offering at the top of the range on Wednesday, in the Gulf’s biggest …
( read original story …)