Besides, collaboration between federal and local governments, the private sector, and communities could yield an extra AED70 billion to the UAE with investments offset by long-term cost savings by 208 …
Drake & Scull International secures approval from Dubai Financial Market and Securities & Commodities Authority
Following the Acceptance of the Dubai Courts of its Restructuring Plan that writes-off 90% of its debt. Dubai, United Arab Emirates: Drake & Scull International PSJC (DSI), announ …
UAE: Now, donate with Bitcoin to charities this Ramadan
Authorities in the UAE will accept Bitcoin and other digital currencies for donations this Ramadan, a top official said on Wednesday. These will complement..
Nexo’s Dubai Entity Receives Initial Approval from Dubai’s Virtual Assets Regulatory Authority (VARA)
Nexo, a leading digital assets institution, announced today that its Dubai entity, Nexo DWTC, has been awarded an Initial Approval [IA] by Dubai’s Virtual Assets Regulatory Authority (VARA) for …
CBUAE issues monetary and banking developments – December 2023
The Central Bank of the UAE (CBUAE) announced that the Money Supply aggregate M1 increased by 4.0 percent, from AED797.4 billion at the end of November 2023 to AED829.3 billion at the end of December …
Dubai real estate: Buying vs. renting – what should people be doing in 2024?
For instance, if they were to lose their job suddenly and had to leave Dubai urgently, they need to evaluate their ability to repay the mortgage and the potential rental income if they were to rent …
CBUAE issues monetary and banking developments
This was due to the AED1.9 billion rise in Currency in Circulation Outside Banks and the AED30 billion growth in Monetary Deposits. The Money Supply aggregate M2 rose by 4.5 percent, from AED1,935.4 …
Parkin begins subscription period for IPO, sets price range between AED2-2.1
Parkin, the largest provider of paid parking facilities and services in Dubai, today announced the price range and start of the subscription period for its Initial Public Offering (IPO) on the Dubai …
Parkin IPO: Dubai company could raise up to $430 million in DFM listing
Parkin, the company set up by Dubai to oversee parking operations, could raise as much as Dh1.57 billion ($428 million) from its initial public offering on the Dubai Financial Market. The price range …
Realising UAE Net Zero 2050 to ‘grow country’s GDP to $1trln’
The company is working with UAE-based organisations in sectors including digital banking, hospitality, real estate, communications, and finance to help them pioneer sustainable action across the …
Dubai: Parkin IPO price range set at Dh2-2.10 per share
Dubai-based company Parkin Co. on Tuesday set the price of Dh2 to Dh2.10 per share for the initial public offering. The company aims to raise Dh1.57 billion through the IPO, which was launched on …
EFG Hermes sees Gulf IPO frenzy from private sector in 2024
Emerging market-focused investment bank EFG Hermes is “very bullish” on Gulf markets this year, expecting more, smaller initial public offerings (IPOs) from the region from a year earlier, Mostafa Gad …
Capital Asset Management sets up in Dubai, granted DFSA CAT3C License
Capital Asset Management, a newly established independent investment management and advisory firm, announced today it has chosen Dubai as its base after being granted CAT3C license by the Dubai …
UAE Government assets hit $132bn as economy flourishes amid new laws and legislations
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, said: “The policies, strategies, and programmes implemented, …
Dubai’s Salik reports Q4 profit growth after rising toll gate revenue
Dubai toll operator Salik has reported a 3 per cent annual increase in its fourth-quarter profit, supported by higher revenue from toll gates.Net profit for the period rose to Dh295 million ($80.3 …
Dubai’s Salik Company proposes H2 dividend
Salik listed on the Dubai Financial Market (DFM) last year, following a 20% stake sale. It posted a full year 2023 net profit of 1.09 billion dirhams ($297 million), 17% lower year-on-year (YoY) …
Dubai toll gate operator Salik reports record revenue of AED2.1bn in 2023
Salik toll usage revenue, which accounts for 87.5 percent of total revenue, increased by 11.7 percent year-on-year, reaching AED1,845 million …