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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New PPP law will help UAE achieve sustainable, competitive-economy based on knowledge: CEO of Etihad Credit Insurance
“Etihad Credit Insurance is committed to and has been rolling out initiatives that encourage the private sector to engage in developmental and economic projects” …
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Dubai lender Emirates Islamic launches bank account dedicated to female entrepreneurs
The account is curated to cater and support UAE women entrepreneurs and business owners Dubai lender Emirates Islamic launches bank account dedicated to female entrepreneurs banking industry, …
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Living in the UAE? This is how the transition from the previous labour laws affect your gratuity
Since the UAE implemented a new labor law, Federal Decree-Law No. 33 of 2021, many changes have been made to the laws governing employment relationships between employers and employees in the private …
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UAE fintech launches paperless Direct Debit Marketplace for recurring payments
The platform will allow payers and merchants to conduct recurring payments, such as school fees, insurance, rent, gym memberships, and any other subscription-based service UAE fintech launches …
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Salik launches IPO – but what does this mean for drivers in Dubai?
Back in June, the Roads and Transports Authority (RTA) converted Salik into a public joint stock company. On September 5, the Government of Dubai announced that the first batch of shares in Salik – …
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Hedge-Fund Trader Shah Won’t Be Extradited to Denmark, AP Says
Most Read from BloombergRussian Defenses Crumble as Ukraine Retakes Key TerritoryThe World’s Hottest Housing Markets Are Facing a Painful ResetRussia Confirms Flight of Troops From Ukraine’s Kharkiv …
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Emirates NBD showcases pioneering vision for future of banking with the launch of API developer portal
Launch of API developer portal reaffirms the bank’s commitment to digital transformation and reinforces its position as a regional leader in banking innovation …
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John Porter joins Dalma Capital to Lead its Investment Banking Practice from Dubai
Dalma Capital announces today that John Porter has joined the firm to head its Investment Banking Advisory practice. Porter spent his over 25-year career at Morgan Stanley and Renaissance Capital, …
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New Salik toll gates in Dubai could launch as company looks to boost revenue
The company operating Dubai’s Salik toll gates is set to sell its shares on the DFM, increasing the likelihood that the firm will look for new ways to increase revenue, revive branding efforts, ahead …
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Ajman Bank To Launch World’s First Mastercard Touch Card, Driving Inclusion Across UAE
Distinctive notches on the Touch Card allow blind and partially sighted people to easily distinguish card DUBAI, UAE: Maste …
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Mortgage financing, vertical developments can resolve Pakistan’s housing shortage
With growing population, Pakistan is facing a serious issue of housing shortage that can only be resolved by introducing vertical developments and promoting mortgage facility to ease financial woes of …
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No decision yet on expanding Dubai’s Salik toll gates after IPO announcement
Salik has no immediate plans to expand the number of gates in Dubai, its chairman has said. The company — which is exclusively authorised to operate, manage and develop the traffic toll system in …
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UAE economy surpasses pre-pandemic levels
The UAE has surpassed the pre-pandemic levels in many economic indicators and is first in the world in terms of security and safety and infrastructure, His Highness Sheikh Mohammed bin Rashid Al …
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Dubai Electricity and Water Authority PJSC intends to distribute cash dividends of over $843mln for H1 2022
This is intended to be paid to the Company’s eligible shareholders in October 2022 DUBAI – Dubai Electricity and Water Authority PJSC (DEWA or the Company), the Emirate of Dubai’s exclusive …
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