Tag: finance

Empower IPO will raise $724m after upping the offering following demand Dubai’s Empower increases IPO offer size to 20% stake DEWA, Empower, IPO, IPO in Dubai Markets …

Dubai increased the size of Emirates Central Cooling Systems Corp.’s initial public offering for a second time this week after drawing strong investor demand.

The IPO and the distribution of this announcement and other information … a regulatory authority of the Abu Dhabi Global Market (“ADGM”), and the Dubai Financial Services Authority, a regulatory …

UAE Ministry of Finance officials on Friday met a delegation from the International Monetary Fund, to discuss the country’s economy and financial performance. The progress made on the UAE-wide fiscal …

The meeting, which was held at the Ministry of Finance (MoF)’s headquarters in Abu Dhabi, comes as part of the IMF’s annual consultations to discuss the UAE’s economic and financial performance …

Cost of living in Dubai has been on the rise, with consumer inflation climbing 4.6% last April, the highest since May 2015 …

Top officials from 16 countries — including the UAE — recently discussed key steps that governments can take to enhance temporary employment contracts, inc..

The Ministry of Economy has imposed Dh 2.25 million worth of fines on three companies after they were found to have violated certain provisions of the UAE’s anti-money laundering law. Two of these …

If you are an Indian living in the UAE, and have a PAN card you may be wondering whether you need to submit income tax returns or not?..

Today, the Ministry of Finance (MoF) celebrated the UAE Flag Day in a national festive atmosphere that reflects belonging and loyalty to the homeland and the wise leadership. At 11:00 a.m., with the …

The UAE financial markets ended in the green, while the Saudi market closed in the red on Wednesday, amid further monetary tightening by the US Federal Reserve and most of the GCC central banks with …

Mr Alabbar set up Emaar in 1997 and grew the company into one of the leading real estate developers in the region, with projects such as the Burj Khalifa, the world’s tallest high-rise. Emaar, which …

UAE financial markets ended in the green Wednesday as Dubai’s main share index gained 0.660%, and Abu Dhabi’s index added 0.165%. In the capital, FAB, ALPHADHABI, ALDAR ended higher at AED17.980, …

The UAE tried to dissuade Saudi Arabia from supporting an OPEC oil production cut, according to the Wall Street Journal. National security advisor Sheikh Tahnoun secretly met with Saudi Crown Prince …

The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis …

Inflation in the UAE is relatively low, compared with other parts of the world. AFP . The UAE Central Bank raised its benchmark borrowing rate af …

The UAE Central Bank has raised its benchmark borrowing rate following a similar move by the US Federal Reserve. UAE Central Bank raises interest rates by 0.75% following US Federal Reserve hike …