The “UAE Port Automation Market Research Report: Forecast (2022-2027)” report has been added to ResearchAndMarkets.com’s offering. This study cites that the UAE Port Automation Market is expected to …
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Middle East hospital operator VPS hires banks for IPO, sources say
Middle Eastern hospital operator VPS Healthcare has hired investment banks for an Abu Dhabi initial public offering (IPO) in the second half of the year, two sources close to the matter told Reuters.
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Mashreq Neo’s Indian customers can now open NRI accounts with Federal Bank instantly
They will also be able to view the balance in their India accounts on the Neo app Dubai: Mashreq NEO and India’s Federal Bank have entered into an agreement that allows the former’s Indian customers …
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Mashreq NEO Ties Up with Federal Bank to facilitate NR Account opening for Indians in UAE, making it first of its kind
Mashreq NEO becomes first Digital bank in the UAE to allow non-resident Indian customers in UAE to open a non-resident account in India easily and instantly …
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After mega-IPO, DEWA is all set for DFM listing – how high will stock go on opening day?
DEWA had earnings of Dh6.6 billion in 2021 – with an annual dividend payout of a minimum Dh6.2 billion, that would then represent a 90 per cent plus payout,” said Sameer Lakh …
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UAE state funds were used to buy Israeli spyware
An Abu Dhabi state-owned investment company has been an investor in “Israeli” cyberweapon maker NSO Group since 2019, during which time NSO’s Pegasus spyware has been traced to the phones of …
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UAE businesses need to get cracking to be ready for June 2023’s corporate tax regime
Preparing for VAT will ensure that UAE businesses need less lead-time to be ready A 9 per cent corporate tax to be introduced in the UAE from June 2023, with a higher percentage set for …
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UAE banks have work to do as Central Bank winds down Covid-linked support measures
UAE Central Bank is in the midst of withdrawing key support measures launched in 2020 Dubai: As UAE banks continue to report strong recovery, analysts and bankers fear the full withdrawal of the …
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Dubai utility DEWA to raise $6.1 billion in biggest Gulf IPO since 2019
Dubai Electricity and Water Authority (DEWA) is set to raise 22.32 billion dirhams ($6.1 billion) after pricing its initial public offering at the top of the range on Wednesday, in the Gulf’s biggest …
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Dubai school operator Taaleem in preliminary talks for IPO
Dubai school operator Taaleem is in preliminary talks with banks for an initial public offering in Dubai, two sources told Reuters, a transaction that would test market appetite f …
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Emirates Development Bank Announces AED1.91 Billion Contribution to GDP at First Board Meeting of 2022
First year of new EDB strategy has helped add AED1.91 billion to the national economy and supported the growth of more than 1,350 SMEs EDB onboards more than 1,000 new business banking accounts in six …
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UAE’s GDP growth rate is highest in the region: Sheikh Mohammed
The Statistics Centre has announced the UAE’s gross domestic product for 2021. While the World Bank expected the UAE’s economy …
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UAE economy grew by 3.8% in 2021 -Dubai ruler
The United Arab Emirates recorded economic growth of 3.8% in 2021, Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum said in a Twitter post on Thursday.
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Dubai’s DEWA IPO to raise Dh22.3b, giving utility giant a market value of Dh124b at listing
The final offer price of DEWA’s IPO was set at Dh2.48 per share. Dubai: The initial public offering (IPO) of Dubai Electricity and Water Authority (DEWA) is expected to raise Dh22.3 billion ($6.1 …
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Mideast tech investor iMENA plans IPO, hires banks – sources
Middle East technology investment firm iMENA Group, part owned by Abu Dhabi telecom operator e& ETISALAT.AD, is considering an ini …
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Saudi Arabia, UAE pledge $3 million to Yemen after nation’s president transfers power to transitional council
Saudi Arabia and the UAE will provide $1 billion each to the Yemen central bank, in addition to a $1 billion pledge from Saudi to aid in the purchase of oil products and to support development …
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UAE’s DFSA introduces ‘whistleblowing’ regulatory regime
DFSA’s regime aims to improve the whistleblowing culture among its regulated entities by increasing transparency around how they handle regulatory concerns.
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