Israeli FinTech startup Rapyd charges on, completing another impressive mega-round of funding at a near $10B valuation. Rapyd CEO explains the company’s plans for the future. More acquisitions?
( read original story …)
Dubai Economy records 63% increase in DED Trader licenses during H1 2021
Dubai Economy also reported that 3,243 DED Trader licences were issued during the first half of 2021, a growth of 63 per cent compared to H1 2020, when 1,989 licences were issued. The numbers show …
( read original story …)
Can Foreigners Apply For A Mortgage Loan In The UAE?
Advertisement The UAE is home to thousands of expats coming from all over the world. According to the latest stats, the percentage of expatriates reaches 88.52%. Most of the expats are people from …
( read original story …)
Dubai again proves its economic resilience
Dubai has once again proved its economic resilience by registering a strong 63 per cent year-on-year growth in trader licences during the first half of this year despite challenging environment across …
( read original story …)
Top headlines: Retail rush for 4 IPOs, lenders worried over RIL-Future deal
Heavy retail rush for 4 IPOs puts banking system under pressure. The four initial public offerings (IPOs) that closed on Friday generated bids worth Rs 1.7 trillion and attracted …
( read original story …)
Blue Whale Acquisition Corp I Announces Closing of $200,000,000 Initial Public Offering
Blue Whale Acquisition Corp I (Nasdaq: BWCAU) (the “Company”) announced today the closing of its initial public offering of …
( read original story …)
Dubai visitor jailed for robbing Dh91,000 from bank customer
Dubai: A Dubai visitor will spend six months in jail for a Dh91,000 robbery from a bank customer. The duo attacked him and escaped with the cash. The victim then alerted Dubai Police in the Jebel Ali …
( read original story …)
Tanmiah lists on Saudi Exchange after heavily oversubscribed IPO
The shares were offered to institutions and individuals at $18, at the top of the range previously set at $16 – 18 …
( read original story …)
Avanceon’s Octopus Digital set for IPO after PSX, SECP approves listing application
Pakistan is set to see the listing of Octopus Digital Limited, a 100% wholly-owned subsidiary of Avanceon Limited. In a notice sent to the Pakistan Stock Exchange (PSX) on Friday, Avanceon said that …
( read original story …)
Emirates looking at aircraft finance options
The carrier will need an average of $5.34 billion a year over the next five years to finance 119 aircraft deliveries. . Emirates looking at aircraft finance options . Airlines …
( read original story …)
No planned date for Nasair IPO
The carrier has internally started the process for an offering and appointed Saudi Fransi Bank. . No planned date for Nasair IPO . Airlines …
( read original story …)
Dubai Islamic Bank increases foreign ownership to 40%
DIB is the latest financial institution in the UAE to join leading other banks, including First Abu Dhabi Bank and Emirates NBD, in raising the FOL from 2019 …
( read original story …)
Saudi-UAE Spat Is Not Over Despite OPEC+ Deal
The surprise resistance of the United Arab Emirates during the OPEC+ negotiations last month caught the oil market off guard, but the UAE-Saudi rift wasn’t much of a surprise to experts who have been …
( read original story …)
HID delivers secure mobile biometric authentication to Al Ain Finance
HID Global has been selected by Al Ain Finance to supply its cloud-based HID Authentication Service and HID Approve mobile-based biometric authentication app.
( read original story …)
Saudi food major Tanmiah lists after IPO raises $107m
Tanmiah sells its products primarily in Saudi Arabia as well as the UAE, Bahrain, Lebanon, Oman, Jordan and Kuwait …
( read original story …)
DIB increases foreign ownership to 40 per cent
Following all regulatory approvals received from UAE Central Bank and the Securities and Commodities Authority (SCA), Dubai Islamic Bank (DIB) on Thursday, …
( read original story …)
Five things you should know before investing in Policybazaar IPO
The company, which currently has operations in Dubai through a subsidiary, plans to scale up its operations in the broader Gulf Cooperation Council region.
( read original story …)