The venture is already in negotiations with a couple of family offices in Saudi Arabia and venture capital (VC) firms in the US and Singapore for the proposed fundraising UAE-based Cashew hits market …
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Salik IPO: Dubai toll operator to sell 20% stake in IPO and list on DFM
The government will sell 1.5 billion shares in Salik and it reserves the right to amend the size of the offering, it said in an advertisement in Gulf News on Monday. The offer price will be published …
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Dubai toll-gate operator Salik to sell 1.5 billion shares as the emirate revs up its IPO pipeline
Dubai: Dubai is preparing the ground for its next big IPO, with the toll-gate operator Salik to sell 1.5 billion shares – or 20 per cent of the equity capital – via an IPO. Salik, which was converted …
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UAE: Gulf Navigation completes repayment of a $2.7mln loan
DUBAI – Gulf Navigation Holding PJSC (GULFNAV), the Dubai Financial Market listed maritime and shipping company, announced successfully completing the full repayment of a loan for one of its vessels.
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Number of bank employees surged to 34,330 in first half of 2022
A total of 27,545 employees work in national banks and 6,787 employees for foreign banks operating in the country.
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Dubai banker leaves Credit Agricole for SocGen – sources
Ahmed has worked at Credit Agricole for more than 15 years and at its Islamic banking business since April 2014 …
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Number of bank employees surged to 34,330 in H1 2022: CBUAE
The Central Bank of the UAE (CBUAE) announced the number of banking sector employees surged by 2.51 percent in the first quarter of 2022. In its June 2022 statistical report, CBUAE noted that the …
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Five UAE financial institutions fined by ADGM for regulation breach
Penalties imposed by the FRSA of Abu Dhabi range from AED 30,000 to AED 119,000 Five UAE financial institutions fined by ADGM for regulation breach Abu Dhabi, financial institutions, Financial …
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UAE Bank Offers Chance To Win Dh1 Million Prize With Every Foreign Transaction
From September 1, 2022, to November 30, 2022, customers of Emirates NBD have the chance to win daily prizes every time they make any foreign exchange transaction. These include DirectRemit transfers, …
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UAE’s Ministry of Finance to hand over buildings to federal entities within two months
Ministry to continue the maintenance process for a year after handing over the buildings Abu Dhabi: The UAE’s Ministry of Finance will hand over buildings to federal entities within the next two …
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Available now in the UAE: Join a free course to learn how to invest in the stock market
Leadcapital Corp Ltd offers a free online course on investing, entertainment, and learning if you are interested in learning to invest in the stock market.
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Ministry of Finance hands over buildings to federal entities within the next two months
Stemming from its commitment to embrace the best Government Resource Management practices, particularly government properties, the Ministry of Finance (MoF) today announced it will hand over buildings …
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Ministry of Finance to hand over buildings to federal entities
The UAE Ministry of Finance (MoF) has announced it will hand over buildings to federal entities within the next two months. Mariam Mohamed Al Amiri, Assistant Undersecretary for General Financial …
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Dubai expected to step up flexible working spaces as employees return to the office
Dubai’s supply of flexible office space is set to grow as corporate entities look to adapt and employees seek an alternative to working from home, estate agent Savills has said. In 2018, flexible …
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Dubai Investment Fund Strengthens Foothold In Global Markets
Bloomberg reports that Dubai has become increasingly popular among hedge fund investors in recent years. This position was unequivocally validated in June when ExodusPoint Capital Management …
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Increased payment flexibility ‘boosts off-plan market’
With developers in Dubai increasing flexibility around payment plans for off-plan projects, the off-plan market added nearly 5,200 units in June, equating to AED13 billion ($3.54 billion) worth of new …
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UAE: Most parents use 40% of salaries to pay kids’ schooling fees, others take loans or dip into savings
Around 80 per cent parents in the UAE spend up to 40 per cent of their monthly income to pay tuition fees, while some of them take personal loans and dip into their savings, according to a new survey …
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