To date, the UAE has invested over $12bln in development projects and renewable energy across Africa through partnerships with both governmental and private sectors …
UAE non-oil economy to grow 4.5% this year: World Bank
According to the recently published World Bank Gulf Economic Update (GEU) report, the Bank anticipated the UAE’s non-oil GDP growth to reach 4.5 per cent in 2023, driven by strong performances in the …
UAE’s PureHealth Holding plans IPO in December 2023
P ureHealth Holding, a UAE-based integrated healthcare network, is set to launch an initial public offering (IPO) in December and list its shares on the Abu Dhabi Securities Exchange (ADX). The IPO is …
ADGM, the Region’s Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28
Abu Dhabi Global Market (ADGM), the international financial centre of UAE’s capital, announced today its appointment as ‘Principal Climate Finance Partner’ at COP28, set to run in the UAE from 30th …
COP28 in Dubai from November 30: What’s on the agenda?
Third, COP28 places nature, people, lives, and livelihoods at the core of climate action. Lastly, the UAE calls for inclusivity, urging active participation from diverse groups such as women, …
UAE Corporate Tax: How prepared are businesses as end of first tax year comes into sight
For UAE businesses, it is important to take a panoramic view of … A robust accounting and record keeping will ensure smooth corporate tax compliance. The Ministry of Finance has stated that the …
Dubai Taxi sets IPO price range, targets company at up to $1.2b
Dubai Taxi Company (DTC) on Tuesday announced the price range for the sale of its shares (Offer Price Range) and the start of the subscription period for its initial public offering (IPO). In a …
Middle East Sees Year-End IPO Rush Despite War, Global Listings Gloom
The market for new share sales sprang to life in the Middle East, where investors snapped up all stock on offer in a taxi company in under an hour and put in orders worth $12 billion for a …
Dubai Taxi IPO price range values company at up to $1.25 bln; strong demand expected
DUBAI, Nov 21 (Reuters) – Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), which could raise up to around $316 million, with …
UAE: Sheikh Mohammed bin Rashid receives delegations attending conferences of ICAO, ITU
First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE. At the reception, Sheikh Mohammed expressed the UAE’s commitment to delivering effective and innovative …
Upcoming Dubai summit should break climate finance deadlock
Recently the United Kingdom surprised many when it announced a reversal of the initial targets of selling new petrol and diesel cars from 2030 to 2035.And that was not it. The country will also slow …
PureHealth announces 2023 UAE IPO plan
PureHealth Holding has announced its intention to proceed with an initial public offering (IPO) and subsequently list its shares on the Abu Dhabi Securities Exchange (ADX). Subject to obtaining …
The Middle East is hotter than ever in the hedge fund world
Recruiters say firms are loading up on talent in the region and one manager explains why its an attractive place to be.
Dubai Taxi Company Announces Start of Subscription Period for IPO
The subscription period for Dubai Taxi Company’s upcoming initial public offering (IPO) kicked off on Dubai Financial Market today and is scheduled to close on 28 November for UAE retail investors and …
FAB expands Global Private Banking product offering five new evergreen liquid Private Market Funds
The new asset class and evergreen private market funds were introduced at FAB’s Global Private Banking event, ‘Unveiling New Investment Opportunities’. This marks the latest step in the bank’s …
Aafaq Islamic Finance named as the Best Islamic Digital Banking Services in the UAE by MEA Finance Awards 2023
Dubai; United Arab Emirates – Aafaq Islamic Finance, a leading financial institution in the UAE, has been named the “Best Islamic Digital Banking Services” in the UAE by MEA Finance Awards 2023 as a …
Dubai Taxi IPO: Company aims to raise $315m through DFM listing
Shareholders in Dubai Taxi Company are looking to raise as much as Dh1.16 billion ($315 million) through its listing on the Dubai Financial Market as part of the emirate’s push to broaden its capital …