FIVE owns one of Dubai’s biggest party hotels, where guests can park their supercars inside a nightclub for Dhs10,000 ($2,723). It also offers an even more exclusive party in the sky for the …
IMF projects UAE growth at 4.2% for 2025, highest in 3 years
The International Monetary Fund (IMF) on Tuesday projected higher growth for the UAE economy for next year than in 2023 and 2024, the highest in three year..
Spinneys IPO: UAE supermarket giant sets April 23 to float on Dubai bourse
UAE’s supermarket chain Spinneys Holding plc on Tuesday announced its plans to launch an initial public offering (IPO), offering 900 million shares in the float. The shares, each with a nominal value …
Awesome Cars For A Fun-Filled Weekend In Dubai
Dubai, the dazzling gem of the UAE, is not only renowned for its towering skyscrapers and opulent lifestyle but also for its thriving automotive scene. With its expansive highways, picturesque routes, …
Choithrams Raises AED 500,000 For Dubai Cares’ Gaza In Our Hearts Ramadan Fundraising Campaign
Choithrams boosted the proceeds from the sale of ready-to-eat meals by 50 times to provide hot meals, food baskets and emergency shelters for the people of Gaza …
Spinneys announces intention to float on Dubai Financial Market
The subscription period will open on Tuesday, April 23, and end on Monday, April 29, for UAE retail investors Spinneys Holding plc today announced its intention to proceed with an initial public …
Medad Holding and Franklin Templeton announce strategic partnership to deploy new UAE-based yieldcoin assets
DUBAI, UAE – Medad Holding and Franklin Templeton (Templeton … “Medad Holding has been at the forefront of digitizing the banking system just as Franklin Templeton has been the foremost innovator in …
UAE’s Spinneys Plans 25% IPO Stake Float in April
Dubai-based supermarket chain Spinneys Holding has unveiled plans for its initial public offering (IPO) on the Dubai Financial Market (DFM).[1] Read More: Long-Awaited Reddit IPO Targets $748 Million …
FinTech LIVE Dubai: Just One More Day to Go!
Just one more day to go until FinTech LIVE LIVE Dubai – the ultimate fintech virtual event for fintech leaders in the Middle East and Africa …
Microsoft invests $1.5B in G42, the Emirati AI holding company based in Abu Dhabi
Founded in 2018, G42 has a bevy of companies across various industries including healthcare, oil and gas, and finance. The Wall Street Journal … partnership is backed by assurances to the U.S. and …
UAE supermarket chain Spinneys to float 25% stake in April IPO
The UAE-based Al Seer Group LLC is offering 900,000,000 shares, or up to 25% stake, of Dubai-based supermarket chain Spinneys Holding in an IPO. The IPO will open for subscription on April 23 and the …
FIVE hotel group chief keeps watch on risk of MidEast flare-up as it eyes IPO
Dubai party hotel operator FIVE Holdings is concerned about escalating tensions in the Middle East but has not seen disruptions from the weekend’s Iran attack, its chairman told Reuters on Monday, as …
World Bank raises UAE GDP growth forecast to 4.1% next year
The World Bank has raised its forecast for the UAE’s real GDP growth to 3.9 per cent in 2024, compared to its previous forecast in January of 3.7 per cent.
Spanish fashion retailer Tendam aims for IPO before February 2025, CEO says
MADRID (Reuters) -Spanish fashion retailer Tendam plans to launch an initial public offering by the end of its financial year next February, its CEO Jaume Miquel told Reuters on Monday. “It seems like …
Hedge fund trader Shah behind $1.8 bln Danish tax fraud, UK court told
British trader Sanjay Shah and his Solo Capital hedge fund orchestrated the bulk of an alleged 1.44 billion pound ($1.8 billion) fraud against Danish taxpayers, a lawyer for the Copenhagen tax …
The UAE is attracting HNWs – and wealth managers are following
The UAE wealth management sector has swelled in size to meet the demands of a growing HNW population, finds Robert Jackman …
UAE: Dubai billionaire calls for banks to remain open during long holidays
A Dubai billionaire has called for banks to remain open during long holidays as their closure causes “direct harm” to customers and the commercial …