DUBAI: Dubai real estate market recorded 344 sales transactions worth AED1.77 billion, in addition to 67 mortgage deals of AED115.99 million, and 48 gift deals amounting to AED63.51 million on Tuesday …
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Dubai Investments announces interim dividend of 7.5%
This interim dividend was the result of the group’s divestment of 50 per cent equity interest in Emirates District Cooling (Emicool) LLC.
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Wio Bank officially launches in UAE
Wio Bank PJSC has announced its official launch in the UAE, becoming the first platform bank in the region, aiming to transform banking operating models to..
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UAE committee meets to discuss general budget draft for fiscal 2023
Provided by The committee discussed the federal government’s cash flows for the 2022 and 2023 fiscal years. Photo: Dubai Media Office . The UAE General Budget Comm …
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State-backed digital bank Wio debuts in the UAE, aims to focus on SMEs
The “platform bank” will set its focus initially on small and medium enterprises and is set to launch a range of apps that will offer seamless banking services to individuals and businesses alike …
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UAE to present ambitious, inclusive and solutions-oriented approach to the global climate summit in 2023: minister
The country will also work closely with Egypt, which will host the upcoming COP27 in Sharm el Sheikh in November, to support momentum for greater climate progress UAE to present ambitious, inclusive …
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Region’s first platform bank Wio Bank PJSC officially launches in the UAE
Wio Business for SMEs to provide easy banking, enable business growth and empower customers Abu Dhabi, UAE: Wio Bank PJSC announced today its official launch in the UAE, becoming the first platform …
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Dubai’s $817 Million Road-Toll Operator IPO Covered Within Hours
Dubai is looking to raise $817 million in the initial public offering of its road-toll collection system, the third listing in the emirate this year.Most Read from BloombergThe World’s Hottest Housing …
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Bank of America moves some of its Russia-based bankers to Dubai – sources
Bank of America (BofA) is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western banks this year to relocate staff in the wake of the …
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Latest UAE central bank T-Bond issue oversubscribed close to 6 times, gets bids worth $2.3 billion
The overwhelming response to the bond issue is attributed to the attractive market driven prices – a spread of 8 basis points (bps) over US Treasuries for two years, and a spread of 20 bps over US …
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Dubai’s Salik IPO launches today
Shares priced at AED2, are now available to the public Dubai’s Salik IPO launches today Dubai RTA, dubai salik gates, GCC IPO market, Initial public offering, IPO, IPO activity, IPO in Dubai, IPO …
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Indian rupee rises against UAE dirham as dollar weakens
The Indian rupee appreciated 28 paise to 79.25 against the US dollar (21.59 versus the UAE dirham) in opening trade on Tuesday, tracking the dollar’s decli..
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UAE’s first paperless Direct Debit Marketplace launched
Fintech company Direct Debit System, launched the platform to facilitate recurring payments such as school fees, rent and subscription services …
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Dubai records over $463mln in realty transactions on Monday
DUBAI: Dubai real estate market recorded 452 sales transactions worth AED1.45 billion, in addition to 94 mortgage deals of AED218.97 million, and 13 gift deals amounting to AED39.65 million on Monday, …
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Dubai Seeks to Raise $817 Million From IPO of Road-Toll Operator
Dubai is looking to raise $817 million in the initial public offering of its road-toll collection system, the third listing in the emirate this year.
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Dubai’s Salik to start selling 20% shares via IPO beginning Sept.13
The process of offering Salik consists of individual subscribers “the first tranche”, professional investors “the second tranche” and qualified employees “the third tranche”, and is expected to end on …
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UAE’s 5-year tranche Treasury Bonds attract strong demand
The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, …
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