Addressing a press conference held recently at Mashreq Bank’s headquarters in Dubai, Al-Ghurair emphasised that this uptick reflects the sector’s steadfast evolution, underscoring customer trust as a …
UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company
U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserve …
Dubai picks banks for IPO of UAE builder ALEC – report
Dubai has picked banks to work on the initial public offering (IPO) of UAE builder ALEC Engineering & Contracting, Bloomberg reported, citing people familiar with the matter. The banks chosen to work …
Dubai Unlocked: A global investigation into Dubai’s real estate owners
Dubai Unlocked is an investigative project involving more than 70 media outlets around the globe revealing who owns what in Dubai, the Middle East’s financial hub.
Ajman Bank wins ‘Islamic Digital Banking Provider of the Year Award’
Ajman Bank has won the “Islamic Digital Banking Provider of the Year Award” at the MEA Finance Banking Technology Summit & Awards 2024.The awards ceremony, which took place at the Ritz-Carlton at the …
White & Case, Linklaters, Ibrahim & Partners Advise on Dubai Supermarket IPO
Lawyers from across the Middle East, London and the US worked on the Spinneys IPO, which led to an implied market capitalization of around $1.5 billion.
How Dubai’s dynamic economy created one of the world’s most buoyant office markets
Demand in premium property spaces, in particular, has reached new heights. Dubai International Financial Centre (DIFC) saw 34 percent growth in new registrations last year, and key office spaces such …
Dubai billionaire calls for fund to support mothers, says willing to contribute up to $27.24mln
A Dubai billionaire has suggested establishing a fund to support mothers in the UAE considering their critical role in the upbringing of the UAE’s future generation. Khalaf Ahmad Al Habtoor, founding …
Dubai billionaire calls for fund to support mothers, says willing to contribute up to Dh100 million
Khalaf Ahmad Al Habtoor, founding chairman of Al Habtoor Group, said on Thursday that he would contribute up to Dh100 million to the fund. “Mother is the most important person i …
Robust IPO activity in MENA region points to market resilience
Ernst & Young’s latest report reveals robust initial public offering (IPO) activity in the Middle East and North Africa (MENA) region during the firs …
Mideast Stocks: Most Gulf markets rise on US rate cut optimism; Dubai slips
Saudi Arabia’s benchmark stock index bounced back after two straight sessions of losses and advanced 0.8%, with ACWA Power rising 6.2% and Saudi National Bank, the kingdom’s largest lender, adding 1.7 …
ADX gained $1.9bln today, fueled by strong performances from bank stocks
The total market capitalisation of listed shares reached AED3.49 trillion at the end of Thursday’s trading session …
ADX: Abu Dhabi exchange adds $1.9bn in one day on strong bank stocks
On DFM, Emaar Properties emerged as the most actively traded stock, attracting AED139.8m in liquidity. Air Arabia followed with AED29.3m in liquidity, while Emaar Development and Dubai Islamic Bank …
Dubai’s VARA: Two Years As World’s First Virtual Asset Regulator
Deepa Raja Carbon discusses VARA’s origin story and impact on elevating Dubai as a global digital asset leader.
“We Got Funded!” UAE-Based Keyper Raises US$4 Million In A Pre-Series A Round, And An Additional $30 Million In Sukuk Financing
Keyper, a UAE-based rent-now-pay-later (RNPL) platform, has raised US$4 million in a pre-series A equity round led by BECO Capital, a UAE-headquartered early-stage venture capital (VC) firm, and …
Dubai-listed Amanat Holdings considers IPO of education platform
DUBAI: Dubai-listed Amanat Holdings is considering options for its education platform, including a potential regional initial public offering (IPO), the company said in a statement on Wednesday.
Hedge funds are racing to set up in Abu Dhabi and Dubai. It’s not only about the money.
Capital from the Middle East might not come to your hedge fund’s new Dubai office, but plenty of portfolio managers will.