The issuance of Sukuk, Shariah-compliant financial instruments, has seen remarkable prominence. Mr. Mughal predicts that Sukuk investments will reach US$160-180 billion by 2025, driven by impactful …
UAE, Saudi Arabia officially join BRICS: All you need to know
The UAE, Saudi Arabia, and Egypt, along with six other nations, received invitations to join BRICS, last year. As of January 1, 2024, the UAE and Saudi have officially joined the economic group but …
UAE’s Mubadala, ADIA and ADQ’s combined investments reached $36.5bln in 2023
In January 2023, the UAE SWF completed the sale of 55% of Mubadala Health to G42 for $2.4 billion.
Dubai financial frenzy: Surge as investor accounts hit new record
A major uptick in investor accounts have been recorded on the Dubai Financial Market (DFM), helped by interest in the Dubai Taxi IPO …
Over 57,000 new investors flocked to DFM in 2023, driving 12.5% growth in new accounts
ABU DHABI: Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5% over the previous year, according to data released …
Dubai Financial Market records over 57,000 new investors in 2023
Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5 per cent over the previous year.
Over 57,000 new investors flocked to Dubai Financial Market in 2023, driving 12.5% growth in new accounts
Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5% over the previous year, according to data released by the …
New digital banking on the cards in UAE
Proshot Holding, a leading innovator in financial technology, has announced its ambitious plan to launch a cutting-edge digital banking platform in the UAE, …
UAE economic growth on solid track: Juwai IQI
The UAE will continue to attract more investment from global players and sophisticated investors amid economic growth stability and strong interest …
DFM sees Dhs67.5m direct deal on Al Ramz
The Dubai Financial Market (DFM … Tecom Group said on Monday it raised Dhs1.7 billion ($462.87 million) from investors for its initial public offering (IPO). The company announced its plan on June 8 …
J-Kom claims ‘Dubai Move’ aims to topple PM Anwar and his unity govt
“It is rumoured that the ‘Dubai Move’ was formulated with assignments given to … He also alleged that former prime ministers and former ministers of finance and their allies were involved in the …
Dubai robotics start-up Micropolis files for $37mln IPO in US
Dubai-based robotics start-up Micropolis has filed for an initial public offering (IPO) to raise around $37 million and intends to list its shares on the New York Stock Exchange (NYSE).
Dubai Financial Market sees $18.39mln direct deal on Al Ramz Corporation shares
DUBAI – The Dubai Financial Market (DFM) has witnessed the execution of a large direct deal on the shares of Al Ramz Corporation Investment and Development PJSC with a total value of AED67.5 million.
UAE insurance sector robust in Q3; total assets hit $35.8bn
The data shows that quarter-on-quarter performance remains equally positive, with assets rising 3.05% (AED 3.9 billion) to AED 127.7 billion between Q2 and Q3 of 2023. This sustained growth signifies …
Dubai’s property market is bracing for a slowdown
Just nine months after buying their first property in Dubai, Dina Habib and Karim Yusuf are already planning their next move within the city.The Egyptian couple, who spent …
Israel-Gaza war live: UAE calls for UN Security Council meeting on West Bank escalation
Latest from the Israel-Gaza war – in pictures …
Standard Bank and Mashreq conclude syndication facility deal for DBSA
Standard Bank, Africa’s largest bank, achieves a landmark by orchestrating a $255m syndication facility for Development Bank of Southern Africa in the UAE, diversifying funding sources and supporting …