The family behind high-end supermarket chain Spinneys 1961 Holding plc is seeking to raise as much as 1.38 billion dirhams ($375 million) in a rare private sector listing in Dubai.
Dubai retailer Spinneys sets IPO price range at Dh1.42-Dh1.53/share as demand builds up
The Spinneys IPO is opening today and retail investors have already been building up their funds to commit to the offering. Image Credit: Supplied photo Dubai: The UAE grocery retailer Spinneys has …
Positive macro-economic trends emerging in country: Finance Minister
The Minister further said that the macro-economic indicators have started showing positive trends in the country both at internal and external fronts. The ongoing structural reforms and enforcement …
UAE businessmen: Aurangzeb makes a pitch for investments
ISLAMABAD: Federal Minister for Finance and Revenue, Aurangzeb has held meeting with foreign investors including Chairman of Ayana Holding, Abdulla Bin Lahej and Chairman Nad Al Shiba Holding, …
Ministry Of Finance’s Federal Suppliers Register Enhances Government Procurement
Since 2007, the UAE Ministry of Finance has played a pivotal role in federal procurement. The introduction of the Digital Procurement Platform in 2021 has radically changed the procurement experience …
Nominations Open For UAE Realty Awards: Recognizing Excellence In Real Estate
Finance World Magazine proudly announces that nominations are now open for the prestigious UAE Realty Awards 2024 …
Dubai’s Luxury Car Thriller: Taycan’s Great Escape & Range Rover’s Watery Woes
Heavy rain hits Dubai What is the fate of the Porsche Taycan? There are also cases of mixed joy and sorrow In the early morning of April 16 (local time), heavy rain fell in Dubai, United Arab Emirates …
UAE Central Bank asks lenders to defer loans to help flood-hit residents
The UAE Central Bank on Monday issued a notice to all banks and insurance companies, asking them to allow a six-month deferment of repayments for personal and car loans for customers affected by the …
UAE floods: Banks to defer personal, car loan installments for 6 months
The UAE central bank said banks will not impose additional fees, interest or profits for loan repayment deferrals.
Black swan hedge fund says Fed rate cuts will signal market crash
While U.S. financial markets debate the timing of interest rate cuts, one tail-risk hedge fund is warning that investors should make the most of recent economic optimism while it lasts, as a shift to …
UAE’s trademark listing surge signals rising investor trust
The UAE has seen a significant increase in trademark registrations in the first quarter of 2024 with a 64 per cent surge compared to the same period last year, signifying growing investor confidence …
UAE banks to allow loan installments to be deffered by six months following bad weather
The deferral shall be without imposing additional fees, interest or profits, or otherwise increase the principal amount of the loan for the deferral of the repayment of installments.
UAE orders banks and insurance companies to allow 6 months of payment deferrals without cost following heavy rainfall
UAE banks and insurance companies have been told to offer customers payment deferrals of up to six months without additional costs as they deal with the impact of severe rain in the country.
UAE floods: Banks may defer loan installments for 6 months following storm, says Central Bank
Banks and finance companies in the United Arab Emirates may defer personal and car loan installments for six months to help deal with the repercussions fro..
Finance Minister meets officials of banking sector in Dubai
Federal Minister for Finance and Revenue Muhammad Aurangzeb held meeting with the senior officials of Mashreq Bank and First Abu …
UAE-based AI firm G42 announces collaboration with U.S. group Qualcomm
History offers clear perspective of what’s to come if Donald Trump wins in November and Republicans take control of Congress. While Gates has stakes in more than two dozen companies, just four make up …
CFI UAE welcomes Jareer Hiary as new CEO following Nidal Abdelhadi’s departure
This leadership transition comes shortly after the significant milestone of launching CFI’s SCA-regulated entity in UAE as a Category One licensed broker …