Ian Johnston, Chief Executive, Dubai Financial Services Authority (DFSA), expects further growth and activity this year, following the strong performance achieved in 2023.”2023 was the DFSA’s busiest …
UAE central bank revokes licence of Smart and Secure Insurance Agent
The Central Bank of the UAE (CBUAE) has revoked the licence of Smart and Secure Insurance Agent and struck its name off the register. The reason for the administrative sanction was its weak compliance …
Orient Finance introduces ‘Personalised Educational Seminars’ to foster financial empowerment for individuals
The seminars will provide individuals with essential financial knowledge and resources, in alignment with the UAE’s vision to strengthen national financial resilience …
UAE IT Sector Soars with Strategic Investments and Digital Transformation
In an era of rapid digital evolution, the UAE IT services market is experiencing unprecedented growth, underpinned by government-led digital initiatives across key sectors. Ken Research’s latest …
UAE Central Bank cancels licence of Smart and Secure Insurance agent
The Central Bank of the UAE (CBUAE) has revoked the licence of Smart and Secure Insurance Agent (Smart and Secure), an insurance agent operating in the UAE..
UAE’s LuLu Group invites pitches for $1bln IPO – Bloomberg
LuLu Group International, the Abu Dhabi-based hypermarket chain, has invited banks to pitch for roles on a potential initial public offering (IPO), according to Bloomberg. The IPO could raise at least …
Can GCC markets sustain the IPO momentum in 2024?
The GCC could be headed for another bumper year for initial public offerings in 2024, thanks to the regional government’s push for privatisation, the growing appetite of private sector companies to …
Saudi Bourse Swoops In On Dubai Exchange
Saudi Tadawul Group, which runs Saudi Arabia’s main stock exchange, is set to buy a 32.6% stake in the Dubai Mercantile Exchange (DME). The agreement will see Saudi Tadawul acquire a combination of …
Top Middle East Grocery Chain LuLu Seeks Pitches for $1 Billion IPO
LuLu Group International, which operates one of the Middle East’s largest hypermarket chains, has invited banks to pitch for roles on a potential initial public offering that could raise at least $1 …
UAE leader in sustainable finance, economic growth: CEO for Barclays Private Bank
Rasha Badawi, CEO for Barclays Private Bank UAE, has highlighted the UAE’s remarkable growth in sustainable finance and its resilient economic trajectory despite global challenges.She said that the …
UAE laws: 73 new legal rulings in 2023, major new website clarifies all legislation in English and Arabic
Other laws issued on economy and finance sector included matters such as the establishment of the Financial Stability Council, the Central Bank of the UAE functioning, regulating financial …
The DFSA issues its first ESG fee waiver to Emirates NBD Bank PJSC
The fee waiver was adopted to support the efforts of market participants who wish to list sustainability-related debt securities in the DIFC …
UAE’s banking, real estate and Adnoc stocks to perform well in 2024, says Dubai’s largest bank
Banking and finance, real estate and Adnoc entities stocks are expected to perform well this year on the back of strong dividends they have been paying to ..
Mena witnesses 48 IPOs raising $10.7 billion in 2023
According to the EY Mena IPO Eye Q4 2023 report, Mena markets saw 48 initial public offerings (IPOs) in 2023, raising $10.7 billion in total. Five listings, mainly in the energy and logistics sectors, …
MENA IPOs hit $10.7bn last year; Saudi leads way, Oman sets record, UAE sees 76% gain in one day
Dubai Taxi Company PJSC, worth $315m. The Muscat Stock Exchange (MSX) saw the largest IPO in Oman to date with OQ Gas Networks SAOC raising $772m. Meanwhile, Oman Investment Authority (OIA), the …
Mena witnesses 48 IPOs raising $10.7bn in 2023: EY
The Middle East and North Africa (Mena) markets saw 48 initial public offerings (IPOs) in 2023, raising $10.7 billion in total, according to the EY Mena IPO Eye Q4 2023 report. Five listings, mainly …
UAE stock exchanges raised $2.12bln from 4 IPOs in Q4 2023: EY
Additionally, the Dubai Financial Market (DFM) saw the successful listing of Dubai Taxi Company, generating $315 million. Saudi Arabia continued to dominate the IPO landscape in the MENA region, …