Dubai Electricity and Water Authority (DEWA) on Wednesday announced that, following yesterday’s completion of the book building and subscription process for its initial public offering (IPO), it has …
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19 people found guilty of money laundering, embezzlement of Dh184 million in Dubai
Four defendants sentenced to three years in jail; nine others get one year in prison Dubai: The Dubai Court of First Instance has found a group of 19 people guilty of money laundering, embezzlement …
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Dubai’s Mashreq and noon.com launch VIP savings account
The account provides customers competitive interest rates on their savings, cashback on all spends and a free noon VIP membership among other features …
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Trailblazing IPOs line up to take the home run in the UAE
The UAE is pursuing a Trojan Horse move to invest in the financial markets and announce a flurry of IPOs to establish itself as a leader among other Gulf countries Trailblazing IPOs line up to take …
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Want to Invest in Dubai Property? You Can Bank on Resourceful Data
A robust real estate sector is important for any country since it attracts new investments and plays a key role in shaping cities designed with forethought. In the absence of transparency, – Mediawire …
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UPDATE 1-Dubai’s DEWA to raise $6.1 billion at IPO pricing level -sources
Dubai Electricity and Water Authority (DEWA) is set to price its initial public offering at the top of its range, two sources told Reuters, which would raise $6.1 billion in the Gulf’s biggest IPO …
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UAE defers $2b debt payment on govt’s request
The United Arab Emirates deferred on Tuesday a $2billion debt payment that Pakistan was bound to repay in March, NNI reported. “The deferral of the debt will help reduce external financial pressure,” …
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UAE Ministry of Finance’s MBRIF to mentor new cohort of entrepreneurs in its Innovation Accelerator programme
The Innovation Accelerator programme offers guidance and coaching on implementing business strategies, routes to market, and access to funding, while offering networking opportunities with key …
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UAE’s economic growth on track for 4.2% GDP growth despite inflation rise: Central Bank
Total non-oil exports of the UAE increased year-on-year by 29 per cent in Q4-2021 and imports by 26.6 per cent. The central bank noted that key non-oil sectors of the economy such as travel …
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UAE requires $681bn investment for net-zero transition, says Standard Chartered
The UAE will require Dh2.5 trillion ($681 billion) in investment to finance its transition to a net-zero economy, a new report by Standard Chartered has revealed. Emerging markets overall need to …
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UAE’s investment banks back in action as IPOs and M&A deals await bumper year
The UAE’s investment banking scene is again becoming active with deal flows – and the prospect of fat bonuses making a return. High oil prices, a surge in IPOs, the steady rise in mergers and …
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FTFT Capital, FTFT, subsidiaries to participate in the upcoming Bitcoin 2022 Conference
FTFTX Application for aggregated trading information, FTFT Crypto hedge fund, FTFT Paraguay sustainable Bitcoin mining services, and FTFT Supercomputing Ohio mining farm exhibit at the most prominent …
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What Are The Main Source Of Finance In Uae?
What Are The Main Exports Of Uae? United Arab Emirates is the top destination for Crude Petroleum ($42 billion), Gold ($28 billion). $8B), Refined Petroleum, $21/$12. Diamonds ($7 …
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Does Uae Charge Vat Tax To Sales To Bahrain?
Is Vat Applicable For Export From Uae To Bahrain? They are among the six countries that have signed the VAT Agreement of the Gulf Cooperation Council (GCC). In January of next yea …
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Is It Necessary To Close Bank Account In Uae?
Even if you are not planning on returning to the UAE any time soon, it would be a good idea to close your account. The requirement that you visit the bank and request the closure of your account …
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How To Check Uae Central Bank Blacklist?
Providing economic growth for the UAE and its people relies on efficient, effective supervision that promotes financial and monetary stability while fostering resilience and efficiency within the …
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Do Other Countries Want To Invest In Uae?
Almost 70 percent of Dubai’s inward investment in 2016 came from these five countries alone. FDI from the UK, France, and the US flows into the countries ranked as follows; Saudi Arabia and India …
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