The UAE’s financial services sector is poised for growth in 2022 amid sweeping economic and fiscal reforms on the back of improved infrastructure and digital trends. The banking sector, following a …
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Dubai Financial Services Authority signs MoU with Central Bank of Mauritius
The MoU places an emphasis on technologies pertinent to financial services, regulation and supervision, to facilitate a more efficient and effective delivery of …
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UAE Banking Sector Poised for Growth in 2022, Amid Economic and Fiscal Reforms: KPMG Report
The top 10 UAE banks reported a 5 percent year-on-year increase in total assets worth AED 2,989 billion in 2021, and an increase of 42 percent i …
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UAE’s Landmark Group signs first sustainability-linked loan
Benefits from sustainable financing to be deployed towards sustainable initiatives Dubai: UAE’s Landmark Group signed its first sustainability-linked loan as the company looks to transition towards …
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UAE banks reap the DEWA IPO windfall, and there are more coming
UAE banks that have a significant share of funding … for future IPOs,” said the chief financial officer of a local bank. A surge in IPOs is expected to give a big boost to the loan margins …
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Government of Dubai increases DEWA IPO retail tranche to 760 million shares, floats 18 percent of the firm
Based on the previously announced price range of AED 2.25 to AED 2.48 per share, the retail tranche of DEWA IPO will now be between $465.62 million and $513.22 million Government of Dubai increases …
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EDB contributes Dhs1.91 billion to UAE’s GDP growth last year
Emirates Development Bank (EDB) has announced record growth over the past 12 months. The bank has made a Dhs1.91 billion contribution to the UAE’s GDP growth in 2021 through direct and indirect …
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Emirates Development Bank contributes Dh1.91b to UAE GDP in 2021
… banking accounts in 6 months of its banking app launch Over the past 12 months, to help accelerate its strategy and attract FDI into the UAE, the EDB has signed MoUs with 26 partners. Image …
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Emirates Development Bank announces $520m contribution to the UAE’s GDP
Abu Dhabi-based Emirates Development Bank (EDB) contributed Dh1.91 billion ($520 million) to the UAE’s gross domestic product over the past twelve months, as it continued to play a key role in …
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UAE: Fam Holding plans to list shares on Abu Dhabi Securities Exchange Second Market
Property developer Fam Holding plans to list its shares on the Abu Dhabi Securities Exchange (ADX) Second Market. “We are pleased to proceed with the procedures for listing the company in the ADX …
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Mashreq repositions NEOPAY as UAE digital payments continue to soar
Dubai banking major completes transition of its existing payments business into wholly owned subsidiary Mashreq repositions NEOPAY as UAE digital payments continue to soar digital payments, Dubai …
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Etihad Credit Insurance support to UAE exporters surges 128% as non-oil trade rises
Support extended by Etihad Credit Insurance (ECI), the UAE’s federal export credit agency, to the non-oil trade sector exporters jumped 128 per cent last year to Dh11.4 billion ($3.1bn) amid a surge …
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Supreme Finance Launching First Auto-Staking and Compounding Cryptocurrency $SUP
Supreme Autostaking Protocol, or SAP, a new financial protocol that makes staking easier and provides $SUP holders with the highest stable returns in crypto, Supreme is poised to lead a revolution in …
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Mashreq Bank names new group technology head
Mashreq Bank, one of the leading financial institutions in the UAE, has appointed Alexander Raiff as its new group head of technology, transformation and information. A seasoned technology …
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Dewa announces increase in number of IPO shares offered to retail investors
This means the number of shares offered in the Dewa IPO has increased from 8.5 billion ordinary shares to 9 billion ordinary shares, which would result in a free float of 18 per cent of Dewa’s share …
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Dewa IPO in big retail tranche boost; deal size hits $513m
Dubai Electricity and Water Authority (Dewa) has announced that it has increased the number of shares offered in the First Tranche (Retail) of its initial public offering from 260 million to 760 …
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Dubai’s DEWA Boosts Retail Offer in One of Region’s Biggest IPOs
Dubai’s main power and water utility increased the retail tranche of its initial public offering, which is poised to be the largest listing in Europe and the Middle East since Saudi Aramco in 2019.
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