Kyle Davies, co-founder of defunct hedge fund Three Arrows Capital, claimed he has no pending lawsuits or regulatory action against him at the current time. Three Arrows Capital met its demise as the …
UAE enhancing leading position in gender balance: World Bank
Iva Hamel, the World Bank Representative in the UAE, has praised the UAE for being the most progressive country in the Middle East and North Africa in terms of women’s empowerment. She commended the …
UAE’s ADNOC Gas shares surge 19% in $2.5bn IPO
Shares in the United Arab Emirates’ ADNOC Gas rose 19 percent in their first day of trading on Monday in a $2.5 billion initial public offering that aims to tap into growing demand for the fuel.- …
G42 plans to raise $495m from Presight IPO
G42 unit plans to sell 1.36 billion shares representing 24.24 per cent of its share capital at Dh1.34 a share, valuing the company at Dh7.51 billion …
UAE Reportedly Halts Purchase of Missile System from Israeli Regime amid Political Turmoil
The United Arab Emirates (UAE) has reportedly halted the purchase of an advanced surface-to-air missile system from Israel.
Most Gulf markets in red as banking fears rattle markets
Most stock markets in the Gulf ended lower on Monday, extending losses from the previous session as the collapse of Silicon Valley Bank raised fears of a fresh financial crisis.
Banking, Marketing, and Business Management Are Most Popular Industries among UAE’s Job Seekers in 2023
The Top Industries in the Middle East and North Africa 2023 survey by Bayt.com, the Middle East’s #1 job site, and market research agency YouGov, was co …
The best ways to blow the UAE’s award-winning Dhs1,000 note in Dubai
At the start of the year, a new Dhs1,000 bank note started circulating in the UAE. The new note is made of polymer and boasts special security features which led to it bagging the Best New Banknote …
Global Surfaces IPO opens for subscription, GMP rises; should you apply?
Global Edge’s IPO seeks to raise up to Rs 154.98 crore in an issue comprising an offer-for-sale, as well as fresh issuance of shares. Should you subscribe to the issue?
Global Surfaces IPO opens today: GMP, subscription status, all details here
The initial public offer (IPO) of Global Surfaces will open for subscription today, March 13. The company processes natural stones and manufactures engineered quartz. The company has two manufacturing …
Dubai property developers set to be cash flow positive in 2023 for fourth consecutive year
Dubai’s property developers are set to record positive cash flow in 2023 for the fourth consecutive year on the back of healthy pre-sales and favourable payment terms, despite global macroeconomic …
UAE: Tenant ordered to pay over Dh160,000 for occupying apartment for 4 years without paying rent
The real estate firm said it incurred financial losses during the period the man seized the apartment, for which the annual rent was Dh45,000 …
UAE: Man ordered to return Dh71,000 borrowed for struggling business to sister
An Abu Dhabi resident has been instructed to pay back Dh71,000 he borrowed from his sister for his struggling business. The woman had filed a lawsuit against her brother before the Abu Dhabi Court for …
UAE won’t buy Israeli defense systems until Netanyahu ‘controls’ gov’t
The UAE will stop purchasing Israeli defense systems as a result of actions and comments made by National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich, according to an N12 …
Powerful UAE Royal’s Firm Mulls Takeover of SVB’s UK Unit
Royal Group, an investment firm controlled by a top Abu Dhabi royal, is considering a possible takeover of the UK arm of Silicon Valley Bank following its collapse last week, according to people …
Brisk presales spur ‘plentiful cash flow” for Dubai developers
Analysts at S&P Global Ratings argue that given the high number of new property launches in 2021-22, which they expect to continue in 2023, and assuming a three- to five-year lead time, working capita …
Watch: Al Ansari Financial Services is Dubai’s first IPO for 2023, floating 10% and promises Dh600m dividend
Dubai entity is one of the biggest names in UAE’s remittance space With the IPO announcement, Al Ansari Financial Services will be joining a growing base of privately owned enterprises that are …