The initiative is part of the company’s ambitious plans to build a digital investment bank to enable accessibility directly from users’ mobile phones …
LuLu Chairman Yusuff Ali signals potential Saudi listing; Abu Dhabi IPO to drive growth
Proceeds raised from the IPO will allow Lulu International Holdings, the sole shareholder in Lulu Retail, to map out a growth strategy, which includes increasing the number of stores in the GCC from …
HSBC launches sustainability improvement loan for mid-sized corporates in the UAE, Egypt, Qatar and Bahrain
Banking giant HSBC has launched a new sustainable finance product designed to drive sustainability improvements for mid-sized corporates in the UAE, Egypt, Qatar and Bahrain.
Finance Minister Pitches Pakistan’s Agriculture, IT, Energy Sectors to US, UAE Investors
Federal Minister for Finance and Revenue Muhammad Aurangzeb attended the Roundtable with Institutional Investors organized by Jefferies International. He …
DIFC continues to drive global action in shaping greener economies – Announces 2nd edition of the Future Sustainability Forum in Dubai
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, announces the 2nd edition of the Future Sustainability Forum.
DIFC Continues to Drive Global Action in Shaping Greener Economies – Announces 2nd Edition of Future Sustainability Forum in Dubai
DIFC’s forum aligns with vision of UAE’s leadership to fast-track the transition to greener economies through sustainable technology, banking and …
‘In the UAE, keeping up with the Joneses is impossible,’ says Dubai-based doctor
The 43-year-old British doctor attributes all she knows about money to her mother.I apologise for not treating you better when I was younger. Instead of saving you, I spent you recklessly. Now I …
UAE to sustain lead in GCC’s Q4 IPO proceeds
The UAE, which led the GCC region in third quarter IPO activity followed by Saudi Arabia, will sustain the dominance in 2024 with the upcoming $1.8 billion..
UAE signs two agreements with IMF to support Poverty Reduction and Sustainability Trusts
UAE’s Ministry of Finance (MoF) announced that the country has signed two agreements with the International Monetary Fund (IMF) to contribute to the financing of the Poverty Reduction and Growth Trust …
UAE signs agreements with IMF to support PRGT and RST funds
The Ministry of Finance announced that the UAE has signed two agreements with the International Monetary Fund (IMF) to contribute to the financing …
Dubai real estate: Villa prices doubled in Q3 2024, apartments steady
Dubai’s real estate market continued its upward trajectory in Q3 2024, driven by record population growth, favourable interest rates, and an influx of both residential and commercial transactions. .
Dubai aviation sector activities to add $53.4bn to GDP and contribute to 816,000 jobs by 2030
Ambitious aviation targets are expected to see massive growth in the sector in Dubai with major airport and airline expansions …
Commercial Bank of Dubai’s net profits exceed $599mln in 9M-24
Dubai – The Commercial Bank of Dubai (CBD) logged net profits valued at AED 2.23 billion in the first nine months (9M) of 2024, an annual increase from AED 1.93 billion. Total operating income hiked …
NMDC Energy announces strong third quarter net profit of AED 402mln following successful IPO
NMDC Energy delivered a 145% year-on-year increase in net profit for the three months ending 30 September 2024, from AED 164 million to AED 402 million, driven by strong operational performance and …
Cox’s Spain IPO Expected in November as Company Awaits Regulatory Nod
Cox Abg Group SA expects to price its initial public offering next month, as it awaits approval from the Spanish securities regulator to launch the share sale, according to people familiar with the …
Lulu Retail Holdings IPO: Indian businessman Yusuff Ali-founded Lulu kicks off one of UAE’s biggest IPOs this year
Lulu Retail Holdings, a leading hypermarket chain in the Middle East, has initiated its IPO process, potentially the UAE’s largest this year. Scheduled between October 28 and November 5, the IPO aims …
NMDC Energy reports Dhs402m as Q3 net profit post IPO
NMDC Energy delivered a 145 per cent year-on-year increase in net profit for the three months ending 30 September 2024 …