Shares in PureHealth traded at Dhs5.5 on Wednesday as the Abu Dhabi market opened against an IPO offer price of Dhs3.26 per share.
FSRA updates AML rules to safeguard UAE’s financial landscape
In a move aimed at bolstering its stance against money laundering, terrorism financing, and proliferation financing, the Financial Services Regulatory Authority (FSRA) of the United Arab Emirates (UAE …
Mansoor Al Mansoori: The success following PureHealth’s IPO reflects investors’ trust in Abu Dhabi’s healthcare sector
This reflects investors’ trust in Abu Dhabi’s healthcare sector and cements its position as a reliable and attractive investment and economic destination, which further enhances and supporting the nat …
Saving deposits in UAE banking sector surges to AED 266 bn in October 2023
Savings deposits in the banking sector in the UAE hit AED265.6 billion by the end of October 2023, according to the latest statistics from the UAE Central Bank.
UAE Central Bank raises 2024 economy growth forecast to 5.7%
The central bank has revised the expected growth rate in the UAE non-oil economy for 2023 and 2024 to 5.9% and 4.7%, respectively, owing to an expansion in segments such as financial and insurance …
UAE Central Bank raises 2024 growth forecast for country’s economy to 5.7%
The UAE Central Bank has increased its 2024 growth forecast for the country’s economy to 5.7 per cent, from 4.3 per cent previously, due to an expected rise in oil production next year. The banking …
UAE banking sector sees $72.37bln in savings deposits until October 2023
ABU DHABI – Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit AED265.6 billion by the end of October 2023, according to the latest statistics from the UAE Central …
UAE banking sector sees AED265.6 billion in savings deposits until October 2023
Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit AED265.6 billion by the end of October 2023, according to the latest statistics from the UAE Central Bank.The apex …
Tabby announces pre-IPO $700 million debt facility from JPMorgan
UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a $700 million debt financing round from JPMorgan, ahead of …
Tabby Secures $700 Million Debt Facility in Pre-IPO
Tabby, previously headquartered in Dubai, now based in Riyadh, has announced a pre-IPO achievement with a $700 million receivables securitization facilitated by J.P. Morgan and extended its Series D …
UAE thriving real estate and hospitality boost economy amid $136bn Dubai property sales and $122.5bn tourism target
The UAE economy has had a significant boost from strong real estate and tourism sectors in Dubai and Abu Dhabi, according to the Central Bank of the UAE (CBUAE). The CBUAE said that despite the …
UAE achieves robust performance in real estate, tourism, and aviation: CBUAE
The Central Bank of the UAE (CBUAE) has said that despite the continuing global uncertainty and tight monetary stances worldwide, the UAE real estate sector continued its good performance in the …
Dubai real estate: When is the ‘right time’ to sell your property?
Dubai real estate: When is the ‘best time’ to buy property? Experts reveal Dubai real estate: Is it better to fix a mortgage now or next year? Experts weigh in The experts revealed there has been an …
Lessons for 2024: In UAE property and stock markets, investors work on time to enter
As we enter 2024, the investment landscape is markedly different. From the introduction of the UAE corporate tax, to a continuation of IPO activity, and an influx of real estate projects, there is a …
UAE’s Islamic finance sector assets surge to $230.24bln
The UAE has been taking impressive strides to reinforce its position as the global hub of Islamic finance industry with its Shariah-compliant banking sector currently accounting for 23 per cent of …
UAE: Central Bank reports 10% growth in cash deposits
The Central Bank of the UAE (CBUAE) released data showing cash deposits surged to AED 687.2 billion this October, marking a substantial annual increase of 10.2 percent, or AED 63.7 billion, compared …
CBUAE issues UAE Islamic Finance Report 2023
Abu Dhabi: The Central Bank of the UAE (CBUAE) has issued the UAE Islamic Finance Report 2023 which highlights the sustainable Islamic finance efforts of Islamic financial institutions (IFIs) across …