NBF recognised for regional excellence, service, and leadership in corporate banking sector. National Bank of Fujairah (NBF) has once agai …
Boeing Shares Take off on Report That China May Lift 737 Freeze, Bumper Dubai Orders
Shares of Boeing rose on Monday after a report said China was considering ending its freeze on purchases of the planemaker’s best-selling 737 MAX aircraft after more than four years. This, coupled …
Dubai Taxi Company set for big IPO, plans DFM listing
and to list its ordinary shares for trading on the Dubai Financial Market (DFM). Under this, a total of 624.7 million shares (each with a nominal value of AED 0.04) will be made available in the …
Nasdaq Dubai celebrates listing of $1.5 billion Green Sukuk by DP World
Nasdaq Dubai has welcomed the listing of a US$1.5 billion Green Sukuk by DP World, a leading provider of global end-to-end supply chain solutions. The dually listed Sukuk issuance proceeds will be …
UAE sustainable finance working group launches the ‘Principles for the effective management of climate-related financial risks’
The Principles were developed by the UAE Sustainable Finance Working Group (SFWG) and are a declaration of common understanding among the group members on the minimum standards for the management of …
Dubai Islamic Bank advocates for climate action at COP28 as an Associate Pathway partner
Dubai Islamic Bank (DIB) will participate in COP28 with a greenled strategy, emphasizing its pledge to sustainability and climate action …
UPDATE 1-Dubai to offer 25% of taxi operator in IPO, testing market appetite
DUBAI, Nov 13 (Reuters) – Dubai plans to offer 25% of shares in its taxi business through an initial public offering (IPO), the company said in a statement on Monday, the latest public share sale as part of a broader privatisation programme of state assets.
Dubai to offer 25% stake in taxi business in planned IPO
DUBAI, Nov 13 (Reuters) – Dubai plans to offer 25% of shares in its taxi business through an initial public offering (IPO), the company said in a statement on Monday, as part of a broader privatisation programme of state assets. Dubai Taxi Company …
Dubai Taxi IPO: When to buy shares, rates – Everything we know so far
Aside from Dubai Taxi’s IPO announcement, recent IPO announcements in the UAE include Investcorp Capital Plc, which raised $451 million and Phoenix Group, a cryptocurrency mining hardware retailer, …
UBA Take Over Dubai-Based Stallion Group’s Assets Over N156 Billion Debt, Lists Kuda, Opay, Others
The United Bank for Africa has taken over the assets of a Dubai-based Stallion Group over an N156 billion judgment debt by a Federal High Court in Lagos.
Mastercard collaborates with Dubai Islamic Bank to introduce cross-border payment services
The collaboration leverages Mastercard Cross-Border Services to enable the bank to provide real-time remittances through its digital channels across more than 40 countries worldwide …
Dubai Taxi IPO: Shares, prices, dividends, who can buy; all your questions answered
A law announced on Sunday recognises the transport solutions provider as a public joint-stock company with financial and administrative independence …
Lawsuit Alleges ByBit, Several Execs Used Fraudulent Scheme To Withdraw Nearly $1B From FTX Before Collapse
The defendants were able to withdraw a whopping $953 million after allegedly pressuring FTX employees to speed up their requests and while regular customers faced delays.
Dubai Taxi IPO: 25% stake to list on Dubai Financial Market
Based on a statement by Dubai Taxi Company, 624,750,000 shares each with a nominal value of Dhs0.04 will be made available in the offering …
Explainer: How corporate tax is reshaping the UAE economy and the SME sector
This year has been a pivotal year for the UAE, as the country ushers in a new era with the introduction of corporate tax …
EY ESG MENA Bank Tracker: Nearly three-quarters of top MENA banks have introduced ESG strategies
Inaugural EY ESG MENA Bank Tracker shows nearly 75% of MENA banks analyzed have introduced ESG strategies into their operations …
Dubai FinTech Summit set to bring together over 8,000 global leaders to drive future of finance
As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2% CAGR to $949bln from 2022 to 2030 …