The insurance sector has some catching up to do with 90 hires out of a 300 target The UAE Central Bank has set a target of 5,000 UAE Nationals being added to the financial services sector in next …
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Region’s first platform bank Wio launches in UAE
The new bank will provide solutions in three areas – digital banking apps, embedded finance and banking-as-a-service solutions …
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Burjeel Holdings’ ADX-listed IPO to open on Sept 30
Burjeel Holdings, one of the leading regional private healthcare service providers in the UAE and Oman, announced its intention to list on the Abu Dhabi Se..
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Salik IPO: Dubai toll operator raises over $1bn from oversubscribed DFM listing
Dubai toll operator Salik raised Dh3.735 billion ($1.017bn) from its Dubai Financial Market, as part of a series of IPOs of state enterprises aimed at boosting the size of the emirate’s capital market …
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UAE hospital group Burjeel seeks local investors ahead of IPO
UAE-based hospital operator Burjeel Holdings is seeking local investors for its planned initial public offering (IPO), two sources told Reuters. UAE hospital group Burjeel seeks local investors ahead …
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Dubai toll operator Salik raises over $1bn from IPO
Dubai’s toll operator Salik has raised over Dhs3.7bn ($1bn) from its initial public offering (IPO) on the Dubai Financial Market (DFM). The qualified investor tranche attracted demand worth Dhs149.5bn …
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British hedge fund manager accused of huge tax fraud is ordered to pay £1.1 BILLION to Danish authorities by Dubai court
The Dubai court’s decision on Monday not to extradite Shah came as a surprise to Danish prosecutors, but it appears the hedge fund manager could still be extradited should the decision be overturned.
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Dubai’s Fintech Surge 2022 Set to Return October 10th to 13th
ZEXPRWIRE, Fintech Surge 2022, the MENA region’s leading finance and innovation conference, is set to return to the Dubai World Trade Centre from 10th- 13th October 2022. An integral part of GITEX …
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Dubai property market deals touch AED1.1 billion on Thursday
Thursday’s property deals included 371 sales transactions worth AED825.36 million, 81 mortgage deals of AED231.57 million and 18 gift deals amounting to AED48.1 million Dubai property market deals …
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Interest rates hike impacts UAE bourses, with DFM closing 0.77 percent down on Thursday
The Abu Dhabi bourse, however, ended almost flat Interest rates hike impacts UAE bourses, with DFM closing 0.77 percent down on Thursday Abu Dhabi bourse, Abu Dhabi Securities Exchange, Dubai bourse, …
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Salik raises over $1 billion from oversubscribed IPO
The company’s shares will now begin trading on the Dubai stock exchange starting September 29 Salik raises over $1 billion from oversubscribed IPO DFM, Dubai bourse, Dubai Financial Market, Dubai RTA, …
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UAE: How much interest you will pay for a Dh100,000 loan after latest rate hike
The UAE residents who have obtained loans on floating rates are likely to pay higher EMIs after a consistent this year.After by the US Federal Reserve on Wednesday, the UAE Central Bank followed and …
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Dubai records over $299mln in realty transactions on Thursday
DUBAI – Dubai real estate market recorded 371 sales transactions worth AED825.36 million, in addition to 81 mortgage deals of AED231.57 million, and 18 gift deals amounting to AED48.1 million on …
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UAE healthcare firm Burjeel Holdings seeks local investors for IPO -sources
Abu Dhabi-based hospital operator Burjeel Holdings is seeking local investors for its planned initial public offering, two sources said, scrapping plans to seek foreign investors after Abu Dhabi’s …
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Dubai’s Fintech Surge set to accelerate MENA region’s rapid fintech growth
Fintech Surge will host top innovators across Digital Banking, Paytech, Insurtech, Regtech and Wealth and Asset Management …
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Dubai’s Salik IPO demand booms: Here’s how you can still buy a share at Dh2
On Tuesday, Salik said it agreed on a final per-share price of Dh2, which implies a total valuation of Dubai’s exclusive toll gate operator at Dh15 billion and an IPO of Dh3 billion ($817 million).
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UAE leads in Indian exports to GCC with 68% growth at $28 billion
Indian exports to GCC grew by 44 per cent in the financial year 2021-22 (FY 2021-22) to $43.9 billion compared to last fiscal’s $27.8 billion with the UAE leading the trade with 68 per cent growth, …
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