Tecom Group, the Dubai business park operator that plans to sell shares in an IPO, raised $2 billion in two-part debt for refinancing, according to data compiled by Bloomberg.
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Ministry of Finance organised three specialised dialogue sessions during WGS 2022
Dubai, 31st March, 2022 (WAM) — The Ministry of Finance (MoF) concluded its participation in the World Government Summit 2022 (WGS 2022), which was organised under the patronage of His Highness …
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Gold may not be the best investment for you always: Here’s why
Some reasons why you may not get your full initial investment back when selling gold Dubai: Selling gold bars at the best price is not an easy task, because every buyer makes some profit due to price …
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Ministry of Finance Successfully Concludes Its Participation in the World Government Summit 2022
The Ministry of Finance (MoF) concluded its participation in the World Government Summit 2022 (WGS 2022), which was organised under the patronage of His …
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UAE retains the Top-3 spot in $2 trillion global spending in Islamic-faith inspired ethical consumption
Sharia-based ethical consumption rose 9 per cent yearly, to reach $2.8 trillion by 2025. Dubai: Muslims the world over spent a combined $2 trillion on food, medicines and on lifestyle needs based on …
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Oil supply shock may not nudge OPEC+ into speeding up production, says UAE bank
Edward Bell of Emirates NBD says OPEC+ may ask consuming countries to draw on their own reserves. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC …
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Dewa to increase number of shares offered in IPO to 17%
Dubai Electricity and Water Authority (Dewa) on Wednesday announces that, following approval from the UAE Securities and Commodities Authority (SCA), it has exercised its right to increase the number …
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P&O pensioners should sit tight despite fund concerns
By firing 800 staff through a pre-recorded video message, P&O Ferries hit the headlines and, by its own admission, broke the law. The company claims that cutting costs, replacing its employees with …
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Mideast Stocks: Markets fall; Dubai ends up on IPO cheer
Major Gulf bourses ended lower on Wednesday, tracking muted sentiment across world markets, while investors continued to pump money into Dubai after state utility DEWA increased the size of its …
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Dubai’s DEWA Increases IPO Size to 17 Percent
Dubai’s main power and water company (DEWA) announced on Wednesday that it had increased the number of shares offered in its initial public offering fro …
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BlackRock seeks to boost investment in UAE, Saudi Arabia
The New York-based group, which manages more than $10 trillion in assets, discussed with the UAE cooperation to strengthen investments in the future economy …
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Video: Uruguay Minister of Economy and Finance receives Best Minister Award at World Government Summit in Dubai
Best Minister Award went to Fayrouzuddin Fayrouz, Minister of Health of Afghanistan, in recognition of his success in vaccinating 9.5 million children against polio, and …
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UAE: Help! My bank is asking me to pay over Dh10,000 to close my account
Bank resolved the issue after Gulf News’ intervention …
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AfDB President Commences Three-Day Visit To The United Arab Emirates
African Development Bank Group, President Dr Akinwumi A. Adesina arrived in Dubai today at the start of a three-day official visit to the United Arab Emirates.
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Landmark IPO in Dubai more than doubles in size heralding $5.7bn boost to region
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
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Dubai Utility DEWA More Than Doubles IPO Size to $5.7 Billion
Dubai’s main power and water company increased the size of its initial public offering to as much as $5.7 billion, making it the emirate’s largest ever listing.
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Dubai: Dewa increases IPO size to 17%
This would result in a free float of 17% of DEWA’s share capital, with the Government of Dubai continuing to own 83% of DEWA’s share capital. DEWA has also received approval from the SCA to increase …
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