The United Arab Emirates denounced Israeli Prime Minister Benjamin Netanyahu’s statement about “inviting the state to participate in civil administration of Gaza,” in statements published by the UAE …
UAE: Al Ansari Financial Services reports net profit of $26mln in Q1 2024
DUBAI – Al Ansari Financial Services PJSC (DFM … Total transactions increased by 5.1% YoY. Bank notes have witnessed a drop in volumes amounting to 9%. Wage Protection System (WPS) volumes saw a …
QualityKiosk to develop Commercial Bank of Dubai’s Testing Centre of Excellence
QualityKiosk Technologies is broadening its partnership with Commercial Bank of Dubai to enhance the bank’s digital customer experience.
Dubai’s DFSA marks 25% increase licensed firms
Dubai Financial Services Authority (DFSA) saw a 25% increase in licensed firms in 2023, taking the total registered to 791. There was also a 50% increase in licence applications, the authority’s …
Global diamond industry and world governments descend on UAE for Kimberley process ‘year of delivery’
Established in 2003 by the United Nations, 85 participating countries seek to ensure that unregulated rough diamonds do not enter the legitimate diamond market as a means to finance conflict. In 2016, …
Central Bank of UAE, Bank Indonesia sign MoU to promote use of local currencies for bilateral transactions
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, and Perry Warjiyo, Governor of Bank Indonesia, signed a Memorandum of Understanding supporting the steady growth of trade relations …
Al Maryah Community Bank proudly receives the “Digital Journey Disruptor” Award at the Mastercard MENA East Business Forum
Al Maryah Community Bank’s business model challenges the traditional banking model, fostering a culture of innovation and agility …
Spinneys debuts on DFM after successful IPO, shares move up
Dubai Financial Market (DFM) on Thursday welcomed the successful listing of Spinneys 1961 Holding. The company’s IPO saw significant …
Spinneys IPO: Shares jump over 9% in early trading on Dubai Financial Market
The final offer price was set at AED1.53 per share, at the top end of the offer price range, raising around AED1.38bn ($375m) and implying a market capitalisation of AED5.51bn ($1.5bn) on admission to …
Gulf Waitrose brand operator Spinneys jumps on first day of Dubai trading
They believe its success may encourage other private sector companies to come to market in the Middle East’s financial hub Dubai, whose stock exchange has traditionally been dominated by state-linked …
Spinneys debuts on Dubai Financial Market after successful IPO
Dubai Financial Market (DFM) today welcomed the successful listing of Spinneys 1961 Holding PLC. The company’s IPO saw significant demand from international and regional institutional investors, as …
Mena IPO activity robust in Q1; 10 offerings net $1.2bn
Brad Watson, EY Mena Strategy and Transactions Leader, said: “The first quarter 2024 started off on a positive note with 10 IPOs concentrated in the GCC region, raising a total of …
EFG Hermes completes advisory on $375mln IPO of Spinneys on the DFM
Dubai: EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking …
Dubai residents stop renting, start buying as mortgage payments start to ‘match’ rental costs: Experts
Rent hikes driven by Dubai’s real estate market boom are prompting residents to downsize, relocate to more affordable areas, or buy property, experts say …
Spinneys shares up more than 9% as it starts trading on the Dubai Financial Market
Spinneys, the operator of premium supermarkets in the UAE and Oman, saw its share price rise as it began trading on the Dubai Financial Market, following an initial public offering that raised Dh1.37 …
Dubai Financial Center Poised for Record Growth This Year
Dubai International Financial Centre (DIFC) anticipates a record number of businesses to establish themselves in the Middle East’s economic hub, drawing in major hedge fund players like Millennium …
UAE Ministry of Finance make framework to enable better public-private partnerships
The Ministry of Finance is committed to enhancing public-private partnerships and recognises the significant role that such collaboration plays in the socio-economic development of the UAE. It also …