Tag: finance

Hedge funds including BlueBay were turning their attentions to crude oil, U.S. Treasuries, tech and U.S. banks on Wednesday, after Donald Trump was elected president. Trump’s victory gives him a clear …

The first MoU will launch executive diploma programme in Government Financial Policy Sustainability in 2024 and 2025.

Talabat, the Middle East business of Delivery Hero , plans to kick off its Dubai initial public offering next week, three people familiar with the plans told Reuters, in one of the UAE’s biggest IPOs …

The EY MENA IPO Eye Q3 2024 report reveals a cautiously optimistic IPO market in the Middle East and North Africa (MENA) region, with five IPOs collectively raising $0.93bn. This marks a 76.8 per cent …

Food delivery company Talabat reported a 46 percent increase in third-quarter profits ahead of its planned IPO. Delivery Hero, the Berlin-headquartered parent company of the business, said net income …

The Central Bank of the UAE has issued 500 commemorative silver coins to mark the 20th anniversary of the Supreme Council for Motherhood and Childhood. Each coin weighs 40g and bears an image of the …

DOHA: According to the EY MENA IPO Eye Q3 2024 report, listings in the MENA region marked a significant year on year (YoY) increase in value at 76.8 …

Valuation is broadly expected at US$13bn–$15bn-equivalent with a deal size of around 10%, though Delivery Hero’s need to deleverage could mean it sells more stock …

Dubai Financial Market (DFM) announced the completion of three major transactions involving Al Ansari Financial Services and Ajman Bank, totalling AED 38.6 million across 35 million shares.

ABU DHABI – Dubai Financial Market (DFM) today announced the completion of three major transactions involving Al Ansari Financial Services and Ajman Bank, totaling AED38.6 million across 35 million …

UAE supermarket operator Spinneys said net profit attributable rose to AED39.7 million ($10.6 million) in the third quarter, an increase of 25 percent from AED31.8 million a year ago. The profit rise …

DUBAI, 7th November, 2024 (WAM) — Dubai has been ranked the top city in the Middle East and Africa in the ‘Global City Index 2024’ report issued by Brand Finance.

ABU DHABI, 7th November, 2024 (WAM) — The Central Bank of the UAE (CBUAE) on Thursday announced an auction of Monetary Bills (M-Bills) on 11th November. According to CBUAE data, the auction includes …

The Gulf’s oil and gas exporters generally follow the Fed’s lead on rate moves as most regional currencies are pegged to the U.S. dollar; only the Kuwaiti dinar is pegged to a basket of currencies, …

The UAE Central Bank reduced its benchmark interest rate by 25 basis points, after the US Federal Reserve’s move on Thursday to cut rates to improve business conditions as inflationary pressures ease.

The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date. Lulu Retail’s shares …

The UAE Central Bank reduced its benchmark interest rate by 25 basis points, following the US Federal Reserve’s move on Thursday to cut rates to improve business conditions as inflationary pressures …