In the pursuit of net zero goals and the transition to a clean energy future, new forms of capital and exchange are emerging to fund climate action, reinforcing the …
ADNOC eyes valuation of at least $50 bln for its gas business – sources
The Abu Dhabi National Oil Company (ADNOC) is eyeing a valuation of at least $50 billion for its gas business slated to float this quarter, two sources familiar with the matter said, setting the stage …
Indo-Arab professionals launch Funding Possibilities in Dubai to fill a gap for new-age businesses
Funding Possibilities will help fund innovative and disruptive new-economy businesses to grow and in turn help the UAE economy to expand fast …
UAE’s Plan to Make Crypto a Part of its Economic Development – Is it Viable?
UAE’s Plan to Make Crypto a Part of its Economic Development – Is it Viable? – Introduction The march towards crypto adoption is fast spreading across the globe today, with the …
Meydan Free Zone receives the “Best Digital Free Zone in the UAE” award
Meydan Free Zone, a technology-driven ecosystem providing businesses with a robust, innovative environment, has been awarded “Best Digital Free Zone in the UAE” at the Global Business Outlook Awards …
Telr, first payment gateway to achieve NESA Certification in UAE
This certification is an acknowledgment of the company’s commitment to providing its merchants with the highest level of security …
Five key trends shaping the financial services sector in 2023
Increasing demand for hedge funds, Middle East IPO boom, strengthening family businesses, emergence of Dubai as a slobal fintech capital, and accelerating climate finance in the UAE Five key trends …
UAE banks record Dhs246.6bn in saving deposits by end of Nov 2022
UAE banks’ saving deposits increased during the first11 of 2022 by 1.98 per cent, compared to about Dhs241.82bn at the end of 2021 …
‘New wave’ of Chinese investors set to return to Dubai property market
The company handled more than Dh64 million in Dubai property sales to Chinese buyers so far this month and said this barely “scratched the surface” of transactions expected. In 2018, the Chinese were …
Dubai aims to surpass 2022 IPO performance this year
Image Credit: Ahmed Ramzan/Gulf News Dubai: The UAE’s pipeline for initial public offerings got off to a strong start on Monday, the opening day of the MENA IPO Summit, where government entities …
UAE fintech Wafeq raises USD3M to strengthen its Saudi attendance, grow in Egypt
Wafeq, a UAE-located economic software firm for small and medium enterprises, collected USD3 million in a seed investing round ruled by Raed Ventures …
Beyoncé, a $100,000-a-night suite and a red carpet of influencers: Dubai basks in its booming economy
Beyoncé was performing her first live concert in more than four years at a private event for the opening of Atlantis The Royal, a $1.4 billion luxury hotel.
UAE’s real estate sector to remain resilient in 2023, says report
Despite macroeconomic volatilities impacting the global real estate landscape, the UAE has witnessed strong momentum in the last quarter of 2022, signaling a steady growth pipeline in 2023, according …
UAE stock markets poised for another stellar year
The UAE stock markets were the second-best performing stock market in 2022, and the best in US dollar terms with a gain of 37 per cent, recent research sho..
Dh246.6b saving deposits in UAE banks by end of November 2022
At the end of November of last year, saving deposits in the UAE banking system, excluding interbank deposits, grew to Dh246.61 billion, a growth of approximately Dh7.21 billion, or 3 per cent, from …
Build-to-rent property fund raises $212mln from US, European and local Dubai investors
The fund focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal. $212 million was raised, with 35 per cent originating from North America, 37 per cent from Europe …
AED246.6 bn saving deposits in UAE banks by end of November 2022
At the end of November of last year, saving deposits in the UAE banking system, excluding interbank deposits, increased to AED246.61 billion, a growth of approximately AED7.21 billion, or 3 percent, …