The UAE Central Bank cut its benchmark interest rate on Wednesday, joining the US Federal Reserve in cutting the policy rate for the first time in four years. After hitting the pause on increasing …
PRYPCO Mortgage disburses over AED 500mln in a single month, setting new records
Dubai, UAE: PRYPCO, Dubai-based prop-tech start-up, has announced a major milestone. In August 2024, PRYPCO Mortgage disbursed over half a billion dirhams (AED 500,000,000+) in mortgages. This …
Tolins Tyres shares list on BSE and NSE at par with its IPO price of ₹226
Shares of Tolins Tyres listed on the bourses on Monday, September 16, nearly at par with its IPO price. It became the third listing of the day, after Bajaj Housing Finance and Kross Ltd. Shares made …
Masdar, EDF and KOWEPO finalise funding for 1.5GW solar farm in UAE
EDF Renewables, Masdar and Korea Western Power (KOWEPO) have announced financial closure for the 1.5GW Al Ajban solar project in Abu Dhabi., United Arab Emirates (UAE). The financing for the solar …
Capesize charterer Adhira Shipping sets sights on $100m London IPO
Dubai company handling bulker COAs for African miners plots stock market float in UK after surveying global options …
PJT Partners to buy Dubai-based advisory firm in Middle East push
The deal highlights the growing prominence of Dubai – which has attracted a number of companies and affluent individuals in recent years – as a global financial hub. Lenders with global ambitions have …
Alieus Fund: Expanding the Horizon of Hedge Fund Excellence
VMPL New Delhi [India] September 18 Alieus Fund proudly announces its official launch marking a significant milestone in the hedge fund industry As of September 7 2024 Alieus Fund is now available to …
DIFC preferred choice for international brokerage firms eyeing Dubai
Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has strengthened its position to become the …
Dubai, Abu Dhabi, Sharjah to see over 150% increase in centi-millionaires by 2040: Study
Dubai has the highest concentration of private wealth in the Middle East, as it continues to offer a thriving and safe economic climate, says expert …
UAE banking sector’s liquid assets exceed Dhs800bn in Q2 2024
On a quarter-on-quarter basis, liquid assets rose by 2 per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023 …
Bank investments in monetary bills, Islamic CD hit $62bln by end of Q2-24: CBUAE
according to the latest statistics of the Central Bank of the UAE (CBUAE). According to Central Bank statistics released today, banks’ investments in Shariah-compliant CD reached AED43.9 billion by …
Expanding jewels in Maharashtra’s heart: PN Gadgil
PN Gadgil Jewellers plans to expand its presence in Maharashtra by opening 12 new stores by fiscal 2026. The company raised Rs 1,100 crore through an …
UAE: Loans, Mortgages Set To Get Cheaper As Interest Rates Likely Go Down
“The UAE is most likely going to follow in the footsteps of the Fed, which is expected to cut rates by 50 bps with a 67 per cent probability as per the CME FedWatch tool. The odds of 25 bps have …
India’s Gold Imports Surge to Record High in August
India’s gold imports doubled in August to USD 10.06 billion, driven by slashed customs duty and festive demand. This surge raises concerns about the India-UAE free trade agreement’s impact on gold …
DFSA, HKMA ink pact to deepen strategic partnership on sustainable finance
Through this partnership, both authorities will engage in enhanced cross-border dialogue, deepen the exchange of information on recent trends, and conduct joint research and events to further drive pr …
UAE banking sector’s liquid assets surpass AED 800bn in Q2 2024
The UAE banking sector’s liquid assets exceeded AED 800 billion by the end of Q2 2024, the latest data showed. This is a 20.2 per cent rise from the same year-ago period. According to the latest …
Upcoming IPO: Mumbai-based Fabtech Technologies files draft papers for IPO with SEBI
Fabtech Technologies Ltd has filed a draft red herring prospectus with SEBI for an IPO. The company, based in Mumbai, specialises in pharmaceutical equipment solutions and aims to raise funds for …