Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU) …
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UAE: Al Habtoor to Decide on IPO in Q1 2022
Dubai hotel billionaire Khalaf Al Habtoor announced in an interview on Bloomberg TV that he will make a decision on listing his firm in the first quarte …
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SMEs set to accelerate UAE’s economic diversification
Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank (EDB), said the bank was adapting to diversification by focusing on accelerating industrial development in the UAE and enabling SMEs to be a …
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Sheikh Maktoum meets Bank of America’s Bernard Mensah
Dubai: The importance of Dubai and the UAE as a financial hub and the incentives offered to investors were praised by a senior Bank of America official on Tuesday. During a meeting with Sheikh Maktoum …
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Dubai Hotel Billionaire to Decide on IPO by Early Next year
That mirrors the broader rebound in Dubai, where property sales are at decade highs and hotel occupancy above 2019 levels. Expo 2020, …
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State-owned Bank Syariah Indonesia to open representative office in Dubai in 2022
Indonesian state-owned Islamic bank, Bank Syariah Indonesia (BSI), is planning to open a representative office in Dubai in 2022, local media have reported. The bank’s corporate secretary Gunawan Arif …
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Dubai’s DAFZA, Export Bahrain sign agreement
The MoU seeks to encourage companies across the two countries to expand joint trade relations and enhance cooperation.
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50th National Day celebrations: UAE issues new coin; all you need to know
The UAE Central Bank has issued a commemorative silver coin on Monday on the occasion of the country’s 50th National Day bearing the name of the Ministry of Presidential Affairs. The silver coin was …
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Dubai Ranks of IPO Hopefuls Grow With Shuaa Plans for Two Listings
Shuaa Capital PSC, which oversees around $14 billion in assets, is considering initial public offerings of two of its portfolio companies as Dubai’s efforts to revive its stock market gain traction …
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UAE – Adnoc Distribution Launches Next Generation Retail Experience
First fuel retailer in the Middle East to offer a fully contactless shopping experience using AI technology to allow consumers to shop and pay with …
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United Arab Bank Appoints Yousif Al Suwaidi Head of Retail Banking Department
United Arab Bank announced the appointment of Emirati banker Yousif Al Suwaidi as Head of Retail Banking. Al-Suwaidi will lead the growth plans in the r …
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Saudi stock exchange seeks to raise up to $1 billion in IPO
Saudi Tadawul Group Holding is seeking to raise as much as $1 billion after setting the price range for an initial public offering at 95 riyals ($25.32) to 105 riyals per share …
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Saudi stock exchange eyes up to $1bn in IPO
Saudi Arabia is keeping the home fires burning for regional public offerings, readying what could be the biggest sale of shares by a stock-exchange operator since Euronext NV.
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Licence fee exemption for Emirati members of Dubai SME extended to 7 years
Dubai: Emirati members of Dubai SME, who had received a five-year exemption from paying licence fees, will now enjoy the benefit for seven years, it was announced on Sunday. The decision, under the …
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Pakistani province signs 17 deals in Dubai to attract UAE investments
The memorandum of understandings (MoUs) were signed at the Punjab International Business Conference in Dubai with the UAE and Pakistani groups to invest in special …
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UAE wins bid to host ICOM General Conference 2025
The UAE has won the bid to host the 27th International Council of Museums (ICOM) General Conference 2025 in Du …
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Saudi’s Tadawul seeks to raise $1b in IPO
Riyadh: Saudi Arabia’s stock exchange is seeking to raise as much as $1 billion from what would be one of the biggest IPOs in the exchange sector since Euronext NV’s listing in 2014. The Saudi Tadawul …
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