British expats are being priced out of Dubai as property is snapped up by wealthy Russians following the Ukraine invasion. Since 2022, Russian nationals have bought up $6.3 billion (£4.8 billion) in …
NMDC Group’s IPO of NMDC Energy closes 31.3 times oversubscribed, generating total gross demand of AED 88 billion
NMDC Group, a leader in engineering, procurement, construction, and marine dredging, today announces the successfu …
How to obtain a Dubai Golden Visa through real estate investment
Secure a 10-year renewable residency in Dubai with a minimum investment of ₹4.57 crore, valid as long as property ownership is maintained. Visa holders can also sponsor family members …
Grant Thornton’s Hisham Farouk on trade, sustainable finance and ESG
Grant Thornton’s CEO shares the firm’s strategies for bolstering cross-border business and importance of green finance and digital transformation …
UAE digital bank LIV revamps credit card with 4% cashback and lifestyle offers
UAE digital bank Liv has revamped its credit card proposition, offering customers 4 per cent cash back and a variety of lifestyle awards. As part of the revamp, Liv has reintroduced its credit cards …
Savings of up to Dh77,000: High rents in Dubai see some tenants move to Sharjah, Ajman, UAQ
Although rental rates are rising in the northern emirates, they are still significantly lower than most Dubai communities …
LedgerAI Partners Secures First of Numerous Letters of Intent with Financial Recovery Strategies (FRS) to Revolutionize Business Intelligence
The LOI with FRS positions LedgerAI as a leader in AI innovation. Aura Vision is not just another tool; it’s a revolutionary platform that will redefine how companies like FRS operate – making …
Financial Services and Compliance Tech Platform Grath Announces Expansion into Middle East
Grath, a global platform for financial services and regulatory compliance technology, is pleased to announce its strategic expansion into Middle East.
UAE financial markets ‘a bridge between East and West’
The Dubai Financial Market and the Abu Dhabi Securities Exchange are ranked among the best performing markets in the world for 2013. World Finance spoke to Fathi Ben Grira, CEO of MENACORP, about his …
Dubai International Financial Centre has been a catalyst for development in the Gulf region
The Dubai International Financial Centre (DIFC) was established in 2004 as a special economic zone to provide companies with world-class infrastructure. Its opening brought about a paradigm shift for …
UAE: Local stocks gain $16.6bln in a week
The market gains were AED 52.8 billion for the Abu Dhabi Securities Exchange (ADX) and AED 8 billion for the Dubai Financial Market (DFM). The market capitalisation of listed shares rose from AED …
CFI expands UAE-regulated entity to Abu Dhabi
CFI Financial Group has announced the expansion of its UAE-regulated entity, CFI Financial Markets LLC (CFI UAE), into Abu Dhabi in a strategic move that deepens the CFD broker’s presence in the …
Why the UAE Growth and Investment forum is a must-attend event for entrepreneurs and SMEs
The UAE’s real estate market offers attractive investment opportunities, including the chance to secure a Golden Visa and achieve steady financial returns. The forum features an exclusive panel on the …
Bank of Sharjah successfully priced US$ 500mln senior unsecured bond in the international markets
The issuance received tremendous response from international investors, attracting orders that peaked at US$ 1.4 billion, or almost 3x oversubscription …
NMDC Energy IPO oversubscribed by 31 times as record offering generates $24bn demand for UAE listing
NMDC Group has announced the successful closing of the Initial Public Offering (IPO) of NMDC Energy, which was oversubscribed by 31.3 times excluding the cornerstone tranche. The offering attracted …
NMDC Energy’s IPO oversubscribed 31 times in lead-up to UAE’s biggest listing of 2024
NMDC Energy, a unit of Abu Dhabi contractor National Marine Dredging Company, has closed its initial public offering which was oversubscribed by more than 31 times, setting the stage for what is …
JPMorgan establishes private banking team in Dubai
In response to an increasing number of wealthy individuals relocating to the Gulf, JPMorgan has established a private banking team in Dubai to offer wealth management services. Reported by Reuters, …