Dubai’s main power and water company increased the size of its initial public offering to as much as $5.7 billion, making it the emirate’s largest ever listing.
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Dubai: Dewa increases IPO size to 17%
This would result in a free float of 17% of DEWA’s share capital, with the Government of Dubai continuing to own 83% of DEWA’s share capital. DEWA has also received approval from the SCA to increase …
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Dewa IPO: Dubai company boosts offering size on ‘strong’ demand and may raise $5.7bn
Dubai Electricity and Water Authority increased the number of shares offered in its initial public offering to 8.5 billion ordinary shares from 3.25 billion, resulting in a free float of 17 per cent …
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DEWA ups IPO offering from 6.5% to 17% of its share capital making 8.5 billion shares available to investors
The Dubai Electricity and Water Authority PJSC (DEWA) has exercised its right to increase the number of shares offered in its initial public offering (IPO) from 6.5 percent of its issued share capital …
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Two-thirds of UAE adults are interested in cryptocurrency, with young adults showing most interest
With the UAE government’s constant efforts to promote digital finance and encourage crypto trading, data from YouGov’s “The Future of Financial Services Report” shows interest in this digital asset is …
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UAE based Mashreq Bank Completes Transition of Payments Division into Wholly-Owned Subsidiary
Mashreq Bank, a financial institution based in the UAE, has completed the transition of its payments division into a wholly owned subsidiary,.
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UAE is fast-tracking low-carbon economic growth, says Al Jaber
Dr. Al Jaber had reiterated this message during his speech at the Atlantic Council Global Energy Forum held at Expo 2020 Dubai. On climate finance, he said it can be an effective tool for climate …
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African Development Bank Group President commences three-day visit to the United Arab Emirates
African Development Bank Group ( President Dr Akinwumi A. Adesina arrived in Dubai today at the start of a three-day official visit to the United Arab Emirates. The Bank Group chief is expected to …
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Abu Dhabi’s Lulu mulls IPO, considers 2023 UAE listing
Abu Dhabi-based Lulu Group was founded by Indian entrepreneur Yusuff Ali, who set up the first Lulu store in the early 1990s during a years-long oil boom in the Gulf region. The c …
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UAE-based Pakistani expat started to trade on the stock market at age 13: She now owns two businesses
Serial entrepreneur tells how she started From the age of eight, UAE-based Pakistani national Nida Sumar learnt to budget for expenses, at 13, she started trading. Over the past 10 years she has set …
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PM Barzani discusses ‘banking system’ with UAE finance minister
The two leaders discussed “benefiting from the successful experience” of the UAE in the fields of banking, reconstruction, and investment, according to the statement.
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World’s first regulated carbon credit trading exchange to launch in UAE
Abu Dhabi Global Market (ADGM) has partnered with AirCarbon Exchange (ACX) to create the world’s first carbon trading exchange and carbon clearing house in Abu Dhabi. ADGM is set to become the first …
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Etisalat UAE, from e& Deploys Netcracker Edge Orchestration to Offer Advanced Private 5G Services
ABU DHABI, United Arab Emirates, March 29, 2022–(BUSINESS WIRE)–Netcracker and NEC Corporation announced today that e& (formerly known as Etisalat Group) has deployed Netcracker Edge …
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The Ministry of Finance Participates in the Panel Discussion by Indonesia Regarding Public-Private Partnership at Expo 2020 Dubai
The Ministry of Finance (MoF) recently participated in the panel discussion held by the Indonesian government under the theme ‘Quality Infrastructure In …
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Cryptocurrency Exchange Bybit receives in-principle approval to conduct virtual asset business in UAE
UAE welcomes Bybit and heralds growth of ‘next generation FDI’ Bybit is committed to a continuous constructive dialogue with regulators and legislators in the UAE and will play a key role in educating …
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Dubai shares jump on IPO cheer; most other markets subdued
Most Gulf markets fell on Tuesday, as fears of a drop in demand for crude capped oil prices, while investors continued to steer money toward Dubai cheering bumper response to a recent initial public …
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UAE’s ADGM launches first carbon credit exchange
Financial market says the exchange is the world’s first fully regulated carbon trading exchange and carbon clearing house …
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