Alpha Data on Thursday announced an offer price range of Dh1.45-Dh1.5 per share as its initial public offering (IPO) opened for subscription. This implies its market capitalisation of Dh1.45- Dh1.50 …
UAE’s Alpha Data Plans to Raise up to $163 Million in IPO
(Reuters) – UAE technology services firm Alpha Data said on Thursday it plans to raise up to $163 million in its initial public offering.
UAE banks led by FAB finance $232mln facility to energy trader BGN
The Abu Dhabi Exports Office (ADEX) and a group of UAE lenders led by First Abu Dhabi Bank (FAB) have more than doubled a financing arrangement for global energy trader BGN. The oversubscribed …
Central Bank imposes Dhs3.5 million financial sanction on money exchange house in UAE
The Central Bank of the UAE (CBUAE) imposed financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law …
UAE Central Bank imposes Dhs3.5 million financial sanction on money exchange house in UAE
The Central Bank of the UAE (CBUAE) imposed financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law …
Etihad profit more than triples to almost $500 million ahead of expected IPO
Etihad Airways more than tripled its net profit last year to $476 million, the carrier, which sources say is set for an initial public offering this quarter, said on Wednesday.Earnings were boosted by …
DeFi Platform MANTRA Secures VASP License From Dubai’s VARA
MANTRA, a decentralized finance (DeFi) platform operated by the MANTRA Group, has secured a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).This …
UAE MoF launches IPSAS certification
Ministry of Finance (MoF), in collaboration with the Association of Chartered Certified Accountants (ACCA), has initiated an International Public Sector Accounting Standards (IPSAS) certification …
Christopher Aleo and the fintech challenge: iSwiss Bank brings digital banking to the Emirates
Companies based in Dubai and the UAE will soon have access to an innovative financial solution thanks to the expansion of iSwiss Bank, the international fintech group led by Christopher Aleo. The …
ADIB opens next-generation universal branch in Dubai
Business banking customers can access ADIB’s suite of business banking solutions to unlock growth opportunities …
Federal Bank Launches Prospera for NRIs with Exciting Benefits
Federal Bank introduced Prospera, a new NRE Savings Account, targeting affluent NRI customers. Launched in Dubai, the account offers benefits like complimentary insurance, travel discounts, and …
Federal Bank Strengthens NRI Banking Proposition – Unveils Prospera, a New NRE Savings Account Variant
India], : Federal Bank, one of India’s leading private sector banks, unveiled a new NR Savings account variant – Prospera. The Prospera NRE Savings Account offers an impressive suite of benefits …
UAE’s Invest Bank onboards Veefin Solutions to digitise their SCF operations
Invest Bank in the UAE collaborates with Veefin Solutions to digitize its Supply Chain Finance offerings, enhancing operational efficiency and customer experience. The partnership is set to streamline …
Eureeca broadens international investment access, strengthening UAE IPO market
Eureeca is a multi-regulated, cross-continental digital investment platform with 55,000 users across 72 countries. The company’s recent strategic partnership with the Abu Dhabi Securities Exchange …
UAE’s Careem Pay expands remittance service to 18 European countries
Careem users can now send near-instant money transfers to bank accounts in Austria, Belgium, Croatia, Cyprus, Estonia and more …
UAE hosts strategic dialogue with Russia to boost financial cooperation
The UAE-Russia forum, aimed at strengthening cooperation across various financial and economic sectors, was a platform to discuss best practices …
Dubai real estate: What are the top five changes driving the property market in 2025?
Managing affordability, quality, accessibility and investor demand is a delicate balancing act, but these five measures are a positive move for the rapidly growing real estate market …