First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance; H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, Chairman of Dubai Media Council. His …
UAE President accepts condolences from world leaders, Sheikhhs over passing of Tahnoun
Mourners also prayed for his family, relatives, and members of the Al Nahyan family to be granted patience and solace.
UAE Pres. accepts condolences on passing of Tahnoun bin Mohammed
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received condolences over the passing of Sheikh Tahnoun bin Mohammed Al Nahyan for the second consecutive day from world leaders and their …
UAE’s Mubadala weighs option to join bid for Indian housing finance company: Report
UAE’s Mubadala Investment Company has held talks to join US-based Warburg Pincus as a potential co-investor in acquiring a controlling stake in Shriram Housing Finance, a subsidiary of Shriram Finance …
UAE grocery retail market to top $40.5bln in 2024 post Spinneys IPO
Retail technology firm 24SEVEN said despite the focus on the larger end of the market brought about by the Spinneys IPO, with shares expected to start trading on Dubai Financial Market (DFM) on …
CAIA Association leads advocacy for women leadership in finance
Aligned with the UAE’s efforts to promote gender equality in finance, CAIA is actively working to bridge the gender gap, particularly in a region where less than a quarter of women are employed in …
Dubai Financial Market, SIX forge partnership to market accessibility
Dubai Financial Market on Thursday announced its consolidated financial results for the first half of the year ending 30 June 2021, registering a net profit Ahmed Mohamed Al Naqbi, CEO of Emirates …
Dubai real estate: How much should you save to buy an AED1mn property?
Dubai’s property market is experiencing significant growth, making it an attractive option for buyers, but careful financial assessment and consideration of associated costs are crucial before making …
Hong Kong regulator brings insider trading charges against Segantii and its founder
Hong Kong’s securities regulator started an insider dealing prosecution against hedge fund Segantii Capital Management, its founder and a former trader, the watchdog said on Thursday.
Spinneys boosts private sector IPO hopes in Middle East
The success of the IPO of Spinneys, the Dubai supermarket group, is likely to be a catalyst for other privately owned companies to list in the Middle East, according to market sources.
Dubai Financial Market releases upgraded iVestor app
Dubai Financial Market (DFM) has released the upgraded iVestor app, a digital platform aimed at simplifying financial management for investors. Unveiled on the second day of the Capital Market Summit …
UAE’s ADIA, Olayan Saudi Investment to be cornerstone investors in Fakeeh Care IPO
Saudi hospital group Dr. Soliman Abdul Kader Fakeeh Hospital and its subsidiaries, together known as Fakeeh Care Group, which plans to sell a 21.5% stake in an IPO, said on Thursday it has signed …
SFC begins insider dealing case against hedge fund
The Securities and Futures Commission (SFC) on Thursday said it had started criminal proceedings against hedge fund Segantii Capital Management, its …
Banking sector sees AED33.3 billion surge in new Savings Deposits over 12 months, marking 14% growth
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted around AED33.3 billion to reach AED278.37 billion at the end of February 2024, compared to about AED245.01 billion …
Emirates NBD organises community awareness event focusing on safe banking practices for labourers
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, organised an event for labou …
Dubai real estate: British investors overtake Indians, Russians in record numbers as they flock to UAE for Golden Visas, tax-free luxury living
Despite fluctuations and economic downturn across the world, Dubai’s economy continues to show robust growth driven by diversification which has propped up sectors like tourism, trade, finance, and …
Banking Giants Race to Riyadh as MBS Steps Up Pressure Campaign
With European and Asian economies facing greater uncertainty, building up in Riyadh allows banks to gain proximity to some of the most deal-hungry entities in the world, including a sovereign wealth …