Dubai’s real estate market continues to defy expectations … Another factor contributing to the off-plan market’s strength is the rising cost of mortgages. While rental yields have increased, the …
Spinneys’ Dubai IPO Set to Price at Top, Raising $375 Million
High-end supermarket chain Spinneys’ Dubai initial public offering is expected to price at the top of the range and raise 1.38 billion dirhams ($375 million), showing strong demand for a rare private …
WEE secures $10mln funding round, unveils IPO plans in MENA
It enables consumers in Dubai with the convenience of ordering goods … Meanwhile, WEE is exploring the possibility of an initial public offering (IPO) in the MENA region in line with its commitment …
Spinneys Holding PLC announces its intention to float on the Dubai Financial Market
Spinneys Holding plc today announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares … “Having begun our story in Dubai in the early 1960s, we are …
UAE: Adnoc is country’s most valuable brand, etisalat strongest in Middle East and globally
Oil giant Adnoc is the UAE’s most valuable brand while e& Group’s telecom vertical etisalat by e& is the strongest brand in the Middle East and globally, according to a new report by Brand Finance.Abu …
How Dubai’s Direct Debit is shaking up the system to save consumers from bulk payments
Ummair Butt is an entrepreneur who is willing to challenge the norm, shake up the age-old system and he is not afraid to fail. Conviction and persistence have defined the entrepreneurial journey of Mr …
Dubai: Tenants prefer online bank payments over cheques as rents rise
Tenants are increasingly requesting landlords to pay rent via online bank transfers rather than cheques. This facility is also offered by property owners to some of those new Dubai residents who have …
Dubai SME announces interest-free loans for businesses affected by severe weather
Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a subsidiary of the Dubai Department of Economy and Tourism (DET), has announced an initiative to support …
Dubai ranks first in the Arab World in 2024 Leading Maritime Cities report
Achievement defined by 5 key factors: shipping centres, maritime technology, ports and logistics, attractiveness and competitiveness, as well as financial and legal aspects Dubai also gains two …
Dubai plans to move its busy international airport to a $35 billion new facility within 10 years
Dubai International Airport, the world’s busiest for international travel, will move its operations to the city-state’s second, sprawling airfield in its southern desert reaches “within the next 10 …
Bank of Sharjah acts as Joint Lead Manager and Bookrunner in a US$ 300 Million Sukuk for Kuwait International Bank
Bank of Sharjah, one of the leading commercial banks in the UAE, reaffirms its commitment to expanding its presence in lo …
Dubai: Interest-free loans announced for some businesses hit by heavy rains
Interest-free loans could be granted to some small and medium-sized enterprises in Dubai that were hit by record rains last week, it was announced on Saturday.This new initiative for Emiratis was …
Dubai SME rolls out interest-free loans for businesses affected by severe weather
Furthermore, the new initiative provides interest-free business loans for material damages and postpones loan repayments for affected business owners who are members of Dubai SME. This contributes to …
Dubai real estate: Property market shatters records with over 30,000 transactions in Q1 2024
The Dubai real estate market witnessed an unprecedented surge … respectively. Notably, the percentage of mortgage buyers has climbed to 37 percent, compared to 35 percent in the same period last …
Two long-time Walleye Capital execs are retiring amid makeover at $5.7 billion fund
Walleye partners Andrew Carney and Mark Zeldis will leave the firm in the coming months. The fund’s C-suite has undergone a revamp in recent months.
Hedge Fund Founder Claims Controversial Tax Trades Were ‘Completely Legal’
Sanjay Shah, the hedge fund founder accused of masterminding a Cum-Ex trading scheme that robbed £1.4 billion ($1.7 billion) from the Danish government, claimed he thought the transactions were …
A Dubai Firm Pledged $13 Billion for 20 Years of South Sudan Oil
The loan from an obscure UAE company may tie up most of South Sudan’s oil revenues for many years, UN investigators say.