DUBAI, July 16 (Reuters) – The central banks of the United Arab Emirates (UAE) and Ethiopia on Tuesday signed a bilateral currency swap agreement with a value of up to 3 billion dirhams ($816.79 …
Abu Dhabi National Hotels taps banks for catering unit’s IPO – Bloomberg
Abu Dhabi National Hotels (ADNH) has reportedly tapped banks for a planned initial public offering (IPO) of its catering unit amidst a flurry of share sales in the UAE capital.
Multibagger SME IPO: IT company’s shares up 150% from IPO price; do you own?
Quicktouch Technologies is an information technology company. Its IPO was launched in April 2023. The counter has more than doubled investors money from the IPO price. On Tuesday, it zoomed 10 per …
Hedge Fund Segantii Has Returned More Than 90% of Client Money
Segantii Capital Management Ltd. has returned more than 90% of its client capital, according to people familiar with the matter, less than two months after the hedge-fund firm told investors that it …
Central Bank of UAE’s gold holdings, balance sheet reach over USD5.54B
The UAE Central bank reported a substantial increase of approximately 12 percent in its gold holdings over a span of four months, reaching over 20 billion dirhams (approximately USD5.45 billion) by …
Dubai Islamic Bank makes dreams come true: Four lucky winners take home one year’s salary
Dubai, UAE – In a heartwarming conclusion to its ‘XTRA Salary Transfer Campaign’, Dubai Islamic Bank (DIB) has helped uplift the lives of four of its customers by awarding them each a year’s salary, …
UAE banking sector transfers exceed AED6 trillion Jan-Apr 2024
The value of transfers executed in the UAE banking sector through the UAE Funds Transfer System (UAEFTS) hit around AED6.12 trillion in the first four months of 2024, according to the latest …
Islamic Banks account for 21% of gross domestic credit: Central Bank
Gross credit increased by 1.1% in the first four months of 2024 to Dh433.7 billion Central Bank of the UAE in Abu Dhabi Image Credit: WAM Abu Dhabi: Gross credit provided by Islamic banks in the UAE …
Islamic Banks account for 21% of gross domestic credit: Central Bank
Gross credit increased by 1.1% in the first four months of 2024 to Dh433.7 billion Central Bank of the UAE in Abu Dhabi Image Credit: WAM Abu Dhabi: Gross credit provided by Islamic banks in the UAE …
Gold prices in Dubai rise further in early trade
In the UAE, the 24K variant of the yellow metal jumped by Dh1.25 per … Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said investors suggest that inflation is on the right path to justify a …
Dubai real estate: 5 new ways to invest in property, from low-deposit mortgages and co-ownership to REIT and the $136 portfolio
An innovative new Dubai shared real estate ownership platform is giving investors the chance to own 1/8 of a luxury property in the city from as little as $54,000. Shard is set to transform the UAE’s …
Banks in Abu Dhabi pump AED 45.8 bn in financial facilities in first four months
Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5 per cent or AED 45.8 billion to AED 961.9 billion from AED 915.9 billion at the end of …
UAE stock markets close Monday in green zone
UAE – The benchmark index DFMGI of Dubai Financial Market (DFM) rose by 10.62 points (0.25%) on Monday, closing the session at 4,114.55 points. A total of 185.20 million shares were exchanged at a …
GCC IPOs raised $3.6bn in H1; top 5 offerings revealed as Saudi and UAE lead markets
Gulf IPOs raised $3.6bn in the first half of 2024, according to Kuwait Financial Centre “Markaz”. In a research report titled “Initial Public Offerings (IPO) in the GCC markets”, it noted the region …
National Bank of Fujairah launches NBF EDGE, a first-of-its-kind account opening platform
Company accounts can be opened digitally, anytime and anywhere, solidifying NBF’s reputation as an innovative, key partner for the corporate, business banking and SME sectors …
First Abu Dhabi Bank is the most sustainable company in Middle East and Africa
Abu Dhabi – First Abu Dhabi Bank (FAB), the UAE’s largest bank and a regional banking powerhouse, is the most sustainable company in the Middle East and Africa and among the World’s 500 Most …
GCC IPO Activity Dips To $3.6Bn In H1 2024 Despite Rise In Saudi Arabia
This surge accounted for 59% of the total GCC IPO proceeds. Conversely, the UAE witnessed a substantial drop of 67% in IPO proceeds, generating $1.3bn through only 3 offerings, which constituted 37% …