Dubai will list 12.5 per cent of the Tecom Group, the operator of business districts that are home to more than 7,800 companies, on the Dubai Financial Market as part of a series of initial public …
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Musk Twitter Bid Counts Secretive $5 Billion Fund Among Backers
Elon Musk’s bid for Twitter Inc., which has been upended by the billionaire’s threat to walk away, attracted a bevy of big-name backers and Silicon Valley mainstays. There were some notable exceptions …
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UAE and Philippines sign deal on protection of investments
As part of its endeavours to boost and protect investments from all non-commercial risks, the UAE, represented by the Ministry of Finance (MoF), …
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Dubai Offers 12.5% in Business Park Operator Amid IPO Push
(Bloomberg) — Dubai plans to sell a 12.5% stake in business park operator … Everything on Sale Musk Twitter Bid Counts Secretive $5 Billion Fund Among Backers Hedge Fund D1 Borrowed Billions for a …
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FDI flows to UAE rise 5% to Dh77 billion in 2021
The UAE was ranked 19th on the list of the world’s largest FDI recipient countries, according to the UN Conference on Trade and Development’s latest report …
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Dubai’s VaultsPay and Wibmo target financial inclusion with prepaid card
Dubai-based FinTech VaultsPay and US digital payments company Wibmo are to roll out a prepaid card platform that aims to accelerate financial inclusion in the Middle East by serving the needs of the …
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UAE and Republic of the Philippines sign agreement on mutual promotion and protection of investments
The agreement, which was signed at MoF’s headquarters in Dubai, comes as part of the ministry’s keenness to enhance its commercial and investment relations with various countries of the world …
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UK may negotiate Cepa, other trade agreements with UAE: Bradley Jones
British government could look at signing other agreements with the UAE like CEPA, a comprehensive economic partnership agreement, in addition to free trade …
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Dubai: Tecom Group To Offer 12.5% Stake In IPO
Dubai on Thursday announced plans to sell a 12.5 per cent stake in Tecom Group through initial public offering and list the company on the Dubai Financial Market (DFM) by July 5. It will be the second …
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UAE Central Bank Expects Real GDP Growth to Reach 4.2% in 2023
The United Arab Emirates’ central bank said on Wednesday it expects real GDP growth to reach 4.2 percent next year, up from its earlier forecast of 3.3 percent. The central bank estimated the non-oil …
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GCC banking sector profits surpass pre-Covid levels
GCC banking sector continued to record growth during Q1-2022 backed by solid economic recovery and demand post the pandemic, a report said. The banking sector net profits showed one of the strongest q …
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Tecom Group to list 12.5% of shares on Dubai Financial Market
Dubai’s Tecom Group, a member of the Dubai Holding group, has announced its intent to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial …
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After DEWA, Dubai’s next big IPO – Tecom Group – is all set to open June 16
Tecom IPO to offer 12.5% stake as Dubai eyes another heavy subscription rush Dubai: The second of Dubai’s blue-chip IPOs is all set to get cracking – Tecom Group will offer a 12.5 per cent stake …
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UAE, Egypt, Jordan central banks to strengthen cooperation in financial sector
The central bank governors from the UAE, Egypt and Jordan held a meeting in Abu Dhabi to further strengthen cooperation in the financial sector. Khaled Mohamed Balama, Governor of the Central Bank of …
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UAE, Egypt and Jordan central bank governors discuss economic partnership
CBUAE signs a MOU with Jordan and Egypt to promote financial and banking relations Abu Dhabi: Central Bank governors of the UAE, Egypt and Jordan met on Tuesday to discuss opportunities for …
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UAE central bank expects real GDP growth to reach 4.2% next year – state news agency
The United Arab Emirates central bank said on Wednesday it expects real GDP growth to reach 4.2% next year, up from its earlier forecast of 3.3%, state news agency (WAM) reported. The central bank had …
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UAE, Egypt and Jordan central bank governors meet to discuss economic partnership
It is the latest development after the three nations announced their Industrial Partnership for Sustainable Economic Growth last month UAE, Egypt and Jordan central bank governors meet to discuss …
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