State-owned UAE energy firm ADNOC Gas announced a price range on Thursday for an initial public offering it hopes will raise $2 billion, in what would be this year’s biggest share flotation so far.
Dubai Duty Free donates Dh2m to Bridges of Goodness campaign
The Emirates Red Crescent and the partnering UAE humanitarian and charitable organisations are directly collecting donations in cash and in kind over the course of two weeks. Those interested can send …
UAE: Police urging residents to change credit/debit card PIN after holiday; here’s why
Do you save credit or debit card details on online shopping platforms? Does your card PIN consist of your date of birth? Are most of your passwords similar..
Dubai’s Mashreq approves $490mln dividend after profit nearly quadruples
The shareholders of Dubai’s Mashreq have approved a recommendation to distribute a cash dividend worth 1.8 billion UAE Dirhams ($490 million) for the financial year ended December 31, 2022 The lender …
Dubai attracts sustainable finance deals as Apical raises $787mn from MENA banks
Dubai continues to solidify its position as a global trading … 25 percent of the funds coming from notable Middle Eastern banks, including the National Bank of Kuwait (NBK), the First Abu Dhabi Bank …
UAE gas IPO’s $50 bln valuation looks like a floor
And the UAE is arguably a more stable regional place to park foreign … Abu Dhabi National Oil Company is planning to sell 4% of its new gas business, ADNOC Gas, in an initial public offering in Abu …
UAE residents most financially strong
In global comparison, UAE tops the charts for the strongest personal financial situation UAE residents most financially strong Financial literacy, financial planning, financial security, UAE, UAE resi …
Banking System in UAE: Complete Guide
Banks use the latest developments, and the actions of employees help residents to conduct financial transactions even at home, digital, and mobile banking offer advantages. More than five thousand …
UAE: Police urge residents not to share personal or banking details with unknown sources
The campaign, which is part of the strategies of the Ministry of Interior for the year 2023-2026, will continue until next March …
Empower to invest $122.5mn to cool Dubai Maritime City buildings
The two companies signed an agreement to supply District Cooling services to the DP World-owned project with a capacity of more than 63,000 RT Empower to invest $122.5mn to cool Dubai Maritime City …
UAE: HDFC Bank, Lulu Exchange to boost cross-border payments
The partnership will also look to strengthen the existing relationship between the two entities in India, where LuLu Financial Group operates LuLu Forex and the NBFC division LuLu Finserv …
HDFC Bank, Lulu Exchange to facilitate cross-border payments between India and GCC region
In the first phase, the partnership will launch a digital inward remittance service—RemitNow2India—allowing UAE residents to send money to any bank account in India.
‘Revolution’ in UAE: Digital payments across key sectors on rise as cash usage declines 20%
Nearly half of Gen Z in the Emirates use mobile wallets for daily payments, compared to 48% in Saudi Arabia, and 43% in Egypt …
Dubai-listed Empower to invest $122.5mln in DMC cooling services
Dubai-listed district cooling company Empower will invest AED 450 million ($122.5 million) to supply services to Dubai Maritime City (DMC). The company revealed in a statement to Dubai Financial …
Saudi Arabia to deposit $1 billion in Yemen’s central bank
Saudi Arabia will make a $1 billion deposit in Yemen’s Aden-based central bank on Tuesday, Saudi Arabia’s state news agency SPA said, as the government there struggles with a weak currency and high …
Dh5,000 fine: Man jumps into Dubai Water Canal under influence of drugs; penalised
A 34-year-old Gulf national has been rescued by the Marine Rescue Patrol after he jumped into the Dubai Water Canal. When he was taken to the hospital for treatment, he was found to be under influence …
Saudi Arabia deposits $1 billion into Yemen’s central bank
In a brief statement, the state-run Saudi Press Agency said the $1 billion deposited into the Aden-based central bank will help the Riyadh-backed administration implement economic reforms. Yemen’s …