The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis …
UAE Central Bank raises interest rate after Fed’s fourth consecutive 75 bps increase
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 …
UAE Central Bank raises interest rates by 0.75% following US Federal Reserve hike
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 …
Dubai’s Empower shareholders mull raising IPO stake to 20% – sources
DUBAI – Shareholders of Dubai’s Emirates Central Cooling Systems Corporation (Empower) are considering increasing the size of the stake in the company being offered in an initial public offering to 20 …
Dubai’s Empower increases IPO stake size from 10% to 15%
The company has set its offer price range at between Dhs1.31 and Dhs1.33 per ordinary share, and will the stake size increase, Empower plans to raise $543m. DEWA and Emirates Powe …
KFC and Pizza Hut operator set for US$2bil UAE, Saudi IPO
DUBAI: The Middle Eastern operator of KFC and Pizza Hut restaurants is set for a landmark dual listing, in which Saudi Arabia’s Public Investment Fund and Dubai-based businessman Mohamed Alabbar will …
Which UAE sectors will have the biggest salary rises in 2023?
Employees in the UAE’s financial services and legal sectors will receive the highest salary increases in 2023, with an average rise of 5 per cent and 4.9 per cent respectively, according to …
UAE’s largest bank and retailer launch biometric payment card from Idemia and Idex
A volume launch of biometrics payment cards with technology from Idemia and Idex is being jointly launched by a major bank and retailer in the UAE.
UAE keen to enhance cooperation with various financial institutions
to the United Nations Framework Convention on Climate Change (UNFCCC), which will be held in the UAE in 2023. That, in addition to the Annual and Spring Meetings of the International Monetary Fund and …
Dubai raises Empower’s IPO size to 15% on strong investor demand
Christopher Pike An Empower district cooling plant, foreground, within the Dubai International Financial Centre area. Bloomberg . Dubai has increased the size of the stake bein …
U.S. and UAE sign strategic partnership deal to spur $100 billion in clean energy investment
The UAE is a major oil exporter but has invested heavily in developing … In June, United Nations Secretary General Antonio Guterres called for abandoning fossil fuel finance, and called any new …
Dubai real estate market on a roll; hits over $1 billion property deals on Monday
The Dubai real estate market has been on a bull run for several weeks now, with the October 24-28 week alone recording AED11.3 billion in transactions Dubai real estate market on a roll; hits over $1 …
Dubai’s Empower increases IPO size on strong investor demand
Dubai government–backed district cooling company Empower on Tuesday increased the size of its IPO by 50% and will now sell a 15%–instead of the 10% announced earlier–of existing share capital …
Shareholders in Dubai’s Empower increase IPO to 15% of company
Shareholders in Dubai’s Emirates Central Cooling Systems Corporation (Empower) have increased the size of the stake being offered in an initial public offering to 15% from 10%, citing strong demand …
( read original story …)
Dubai Said to Consider Raising Empower IPO Size on Robust Demand
Dubai may increase the size of Emirates Central Cooling Systems Corp.’s initial public offering after drawing strong demand, people with knowledge of the matter said.
( read original story …)
Abu Dhabi Islamic Bank enables cross-border instant INR currency transfers from the UAE using SWIFT gpi Instant
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, today announced the launch of a new service which allows customers to transfer f …
( read original story …)
National Bank of Fujairah secures sponsorship from Malabar Gold & Diamonds for its annual Fujairah Run
National Bank of Fujairah PJSC (NBF) has secured sponsorship from Malabar Gold & Diamonds for the bank’s annual Fujairah Run for the fourth time, significantly strengthening its offering and profile.
( read original story …)