In sub-Saharan Africa alone, 600 million people live without access to electricity.Delivering greater access to clean energy will drive social and economic development. COP28 President-designate …
Dubai ruler investment vehicle weighs sale of 25% stake in fashion retailer Azadea
Dubai Holding, the investment vehicle of Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum, is weighing the sale of its minority stake in Azadea Group, which operates Inditex franchises in the …
Uptown Tower welcomes office tenants as DMCC expands capacity to accommodate FDI demand
Dubai, UAE: DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has welcomed the first wave of commercial office tenants into its …
UAE Ministry of Finance launches ‘The Future of Finance’ campaign
The campaign highlights top young talents and some of the most skilled individuals working in the financial sector today …
UAE invests $5bn in Africa’s clean energy potential, carbon credits
Saharan Africa alone, 600 million people live without access to electricity.Delivering greater access to clean energy will drive social and economic development. COP28 President-designate Sultan …
It’s now easier to open a digital bank account in the UAE if you’re a non-resident Indian
And now, in an effort to improve financial inclusion, non-resident Indians (NRIs) can open a digital bank account in the country. The move has been enabled by a collaboration between Mashreq NEO and …
Bank of Sharjah acts as mandated lead arranger in a $500mln financing for the Govt. of Sharjah
Commenting on this transaction, Mr. Mohamed Khadiri, CEO of Bank of Sharjah said: “The successful closing of this financing underscores Bank of Sharjah’s unwavering commitment to support the strategic …
COP28 Presidency Announces US$4.5 Billion UAE Finance Initiative to Unlock Africa’s Clean Energy Potential
Africa50, which is an investment platform established by African governments and the Africa Development Bank (AfDB), has also joined the UAE finance initiative. Africa50 was founded to help solve the …
Western Officials Plan to Warn UAE Over Trade with Russia
A UAE official said the country “strictly abides by UN sanctions and has clear and robust processes in place to deal with sanctioned entities.” …
Emirates NBD takes stake in trade finance fintech Komgo
Dubai’s biggest lender Emirates NBD has made an equity investment in Geneva-headquartered trade finance and treasury network Komgo. The strategic equity investment was made by Emirates NBD’s …
UPDATE 4-Oman’s OQ Gas Networks plans Muscat’s biggest IPO in almost two decades
Immediately after the offering, OQ will continue to hold a minimum of 51%.OQGN will not receive any proceeds from the sale of the shares in the offering, according to the statement.The shares are …
Dubai’s DP World hires banks for debut green sukuk – document
An issuance of benchmark-sized green sukuk by DP World Crescent Limited might follow under its $5 billion Trust Certificate Issuance Programme …
4 Neobanks disrupting the FinTech landscape in the UAE
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Oman’s OQ Gas Networks plans Muscat’s biggest IPO in almost two decades
Oman’s OQ Gas Networks (OQGN), the pipelines business of state oil giant OQ, said on Monday it plans to float up to 49% of its shares, in what is expected to be the biggest initial public offering in …
OQ Gas Networks is up for next IPO on Muscat Stock Exchange, plans listing in October
Owner of national gas transportation network, OQ will float up to 49% Dubai: Investors on the Muscat Stock Exchange will soon have a new IPO to focus on, with OQ Gas Networks planning to sell up to 49 …
Oman’s OQ Gas Networks plans to float up to 49% of its shares and list on MSX
DUBAI, Sept 4 (Reuters) – Oman’s OQ Gas Networks (OQGN), the pipelines business of state oil giant OQ, said on Monday it plans to float up to 49% of its shares and list on the Muscat bourse. The …
UAE millennials overspend, fail to save: Top 3 errors causing financial ruin
Millennials need to stop blaming the economy for their financial woes and start by breaking these 3 money habits …