Hedge fund managers are some of the most well-known and influential investors in the financial markets. They work to …
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UAE: Bayanat AI PLC’s IPO oversubscribed 90 times
ABU DHABI – Bayanat AI PLC, a public company limited by shares incorporated in the Abu Dhabi Global Market, one of the region’s leading high-growth AI-powered geospatial solutions businesses, today …
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EMPG raises $200 million funding, eying IPO listing
UAE-based EMPG, which owns dubizzle and Bayut, has raised a $200 million in a round led by US-based Affinity Partners, with new …
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UAE’s Bayut, Dubizzle raises $200 million funding
Majority of the investment is to be earmarked in the UAE, the company’s largest market UAE’s Bayut, Dubizzle raises $200 million funding Bayut, business funding, classified website, classifieds …
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LBank Labs Welcomes Czhang as Investment Group Member
Crypto Investment Group, LBank Labs, welcomes new member Czhang to their investment committee team. With many successful investment cases under its belt, LBank Labs is excited to have new talent …
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Dubai’s Lune raises $850,000 in pre-seed round to drive Mena expansion
Lune, a Dubai-based financial technology start-up, has raised $850,000 in a pre-seed round that it will use to expand across the Mena region. The funding for the company, which is registered with the …
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UAE Federal Tax Authority to discontinue eDirham system for tax payment
The Federal Tax Authority (FTA) has announced it will discontinue the eDirham system for paying taxes from Sunday, October 30. It will be replaced with Magnati, the smart payment option from First Abu …
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UAE 2021 state revenue totalled 463.9 bln dirham – state news agency
The United Arab Emirates’ state revenues totalled 463.9 billion dirham ($126.31 billion) in 2021, state news agency (WAM) reported on Tuesday, citing the finance ministry.
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Swissquote adds stocks listed on Dubai Financial Market
Swissquote has connected to the Dubai Financial Market to allow its clients’ access to DFM listed securities as the leading Swiss bank and online brokerage continues to expand its product offering.
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LBank Labs invites Czhang to join as investment group member
Internet City, Dubai, Oct. 26, 2022 — Crypto investment group LBank … Registered in Asia’s crypto hub of Singapore, LBank Labs includes venture capital, hedge funds and also fund of funds. As a …
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Dubai regulator fines former Abraaj COO $1.15 million for ‘involvement in misconduct’
The firm was the largest buyout fund in Mena until it collapsed in 2018, after investors raised concerns about the management of its $1 billion healthcare fund …
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Dubai Islamic Bank posts record 9-month profit surge to Dh4.1b
Issac Johnissacjohn@khaleejtimes.comDubai Islamic Bank, the largest Islamic bank in the UAE, on Wednesday announced a 34 per cent surge in year-on-year profit to Dh4.1 billion, the highest-ever …
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UAE’s central bank pilots cbank digital currencies transactions
The Central Bank of the United Arab Emirates (CBUAE) said on Wednesday it has completed the world’s largest pilot of central bank digital currencies (CBDC) transactions, with other regulators …
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UAE banking major Mashreq posts AED2.6 billion net profit in Jan-Sept 2022
The bank’s operating income in the period increased by 24.3 percent to AED5.3 billion over the same year-ago period, driven mainly by a spike in net interest income UAE banking major Mashreq posts …
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UAE’s biggest bank FAB says CFO Burdett to retire
First Abu Dhabi Bank (FAB) , the United Arab Emirates’ biggest lender, said on Wednesday its Chief Financial Officer James Burdett will retire and remain at the bank until a successor is appointed.
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UAE’s biggest bank FAB crosses Dh10b in profit for first 9 months of 2022
We are confident in the resilience of this region’, says FAB Group CEO Hana Dubai: The UAE’s biggest bank, FAB, recorded Dh10.95 billion as profit for the first nine months of 2022, against Dh9.21 …
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Dubai records around $463mln in realty transactions on Tuesday
DUBAI: Dubai real estate market recorded 425 sales transactions worth AED1.32 billion, in addition to 71 mortgage deals of AED386.7 million, and 12 gift deals amounting to AED56.77 million on Tuesday, …
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