Tag: finance

Despite fluctuations and economic downturn across the world, Dubai’s economy continues to show robust growth driven by diversification which has propped up sectors like tourism, trade, finance, and …

With European and Asian economies facing greater uncertainty, building up in Riyadh allows banks to gain proximity to some of the most deal-hungry entities in the world, including a sovereign wealth …

The UAE Central Bank has decided to keep its base rate applicable to the Overnight Deposit Facility (ODF) unchanged at 5.40 percent. This move comes after the US Federal Reserve opted to leave …

The UAE central bank also decided to maintain the interest rate applicable to borrowing short-term liquidity from the bank at 50 basis points above the Base Rate for all standing credit facilities …

Dubai International Financial Centre (DIFC) marked a significant milestone today with the ground-breaking ceremony of the Immersive Tower by DIFC, the latest architectural landmark within the heart of …

This, in turn, is prompting developers to look at more innovations for house purchases, including back-loaded payment plans and value added schemes …

Last month, the UAE Central Bank issued a notice to all banks and insurance companies in the country to allow the deferral of repayment of instalments of personal and car loans for customers affected …

With its developed entrepreneurial culture, investment openness, and large-scale support from the government, the UAE is increasingly turning into a new regional and global fintech hub. The local …

A new platform launched by Dubai’s stock exchange aims to make it easier for private companies to raise capital.

The Dubai Financial Market has unveiled its flagship initiative, ARENA by DFM, an innovative platform for Initial Private Offerings, at the second edition of the MENA Capital Market Summit. Designed …

Spinneys 1961 Holding plc (Spinneys), an operator of premium grocery retail supermarkets under the “Spinneys”, “Waitrose” and “Al Fair” brands in the UAE and Oman, has announced the successful …

Dubai supermarket chain operator Spinneys said its order book reached AED71 billion ($19.33 billion) for its $375 million initial public offering (IPO) on the Dubai Financial Market. The offering was …

on Wednesday announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on Dubai Financial Market (DFM). Spinneys confirmed that the …

The strong demand from investors enabled Spinneys to price its IPO at Dh1.53 a share, the top of the initial price range, which values the company at Dh5.51bn ($1.5bn). The final deal size will be Dh1 …

The UAE stock markets are now witnessing initial public offerings (IPOs) of quality public and private sector entities, industry executives said on Wednesday. While speaking at the Capital Market …

Platform offers a private offering alternative to IPOs for family businesses, growth companies, and private companies …

Spinneys 1961 priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn).