Cash flow from operating activities increased 20% to $956.6mln DUBAI – Dubai Aerospace Enterprise (DAE) Ltd today reported its financial results for the nine months ended September 30, 2022. Selected …
Top 10 biggest sovereign wealth funds in GCC
While China leads the list of the biggest sovereign wealth funds globally with over $1.22 trillion in assets, UAE tops the list in the GCC region Top 10 biggest sovereign wealth funds in GCC Abu Dhabi …
Dubai raises Empower’s IPO size to 20% on strong investor demand
The selling shareholders, Dubai Electricity and Water Authority and Emirates Power Investment, increased the size from the previous 15 per cent and will now together sell two billion shares, up from 1 …
Dubai’s Empower increases IPO offer size to 20% stake
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 Raises Empower IPO Size a Second Time on High Demand
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.
Announcement of increase in offer size in empower IPO from 15% to 20%
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 and IMF officials discuss economy and financial developments
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 …
Ministry of Finance discusses UAE’s economic and financial developments with IMF Article IV Consultations’ Mission Chief
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 …
How Fed rate hike will impact UAE consumers’ savings, mortgages, credit cards
Cost of living in Dubai has been on the rise, with consumer inflation climbing 4.6% last April, the highest since May 2015 …
UAE jobs: Rules for hiring temporary workers reviewed in govt meetings
Top officials from 16 countries — including the UAE — recently discussed key steps that governments can take to enhance temporary employment contracts, inc..
UAE: 3 firms fined Dh2.25 million for violating anti-money laundering law
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 …
What Indians living in UAE need to know about income tax returns
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?..
The Ministry of Finance hoists the UAE flag at its headquarters
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 …
UAE financial market ends in green, Saudi in red amid interest rate hike
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 …
Dubai’s billionaire investor Mohamed Alabbar focused on succession planning
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 stocks end in green
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, …
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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 …