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Tag: finance

Posted on 06/09/2022

Lighthouse Canton Capital: Transforming the future of finance

Through its offices located in Singapore, Dubai and across India, the company has been providing intelligent investment solutions to its clientele …
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Posted on 05/09/2022

POLL Dubai housing market outlook dims on increase in borrowing costs

Property prices in Dubai will rise this year and next at a slower pace than previously thought as higher mortgage rates and the cost of living crisis will reduce foreign demand, a Reuters poll of …
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Posted on 05/09/2022

Dubai real-estate transactions hit over $653 million on Monday

Dubai real-estate transactions hit over $653 million on Monday Dubai, Dubai real estate market, Real Estate, UAE Latest News …
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Posted on 05/09/2022

Dubai real-estate transactions hit over AED 2.4 billion in a week

Dubai real-estate transactions hit over AED 2.4 billion in a week Dubai, Dubai real estate market, Real Estate, UAE Latest News …
( read original story …)


Posted on 05/09/2022

‘Salik’ announces intention to float on Dubai Financial Market

Salik Company, Dubai’s exclusive toll gate operator, today announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial …
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Posted on 05/09/2022

Regular investments, zero savings: How UAE parents are securing kids’ education

Some also rely on loans. In the UAE, where several financial solutions are available, providing for children’s education varies from one family to another. A cross-section of individuals shared with …
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Posted on 05/09/2022

New Salik branding, more toll gates: Everything we know about Dubai’s next big IPO

The company currently operates eight toll gates across Dubai – particularly placed in strategic junctures, bridges, and other high-traffic areas in the emirate New Salik branding, more toll gates: …
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Posted on 05/09/2022

Dubai Set to Sell 20% in Road-Toll Firm in Third IPO of the Year

Dubai is selling a 20% stake in its road-toll collection system in a deal that could raise about $1 billion for the government, as part of the city’s ongoing efforts to boost trading volumes. Most …
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Posted on 05/09/2022

Dubai: RTA’s Salik To Sell 1.5 Billon Shares In IPO

The road toll operator Salik will sell 1.5 billion shares or 20 per cent of the stake through the initial public offering (IPO). The offering comprises individual subscribers, professional investors …
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Posted on 05/09/2022

UAE: Storing savings in your bank account? Here’s how to make the most of it

Here’s some useful tips to ensure that you don’t lose out on your savings account’s perks This website stores cookies on your computer. These cookies are used to improve your experience and provide …
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Posted on 05/09/2022

UAE-based Cashew hits market raising over $70 million, largest by a BNPL startup in the country so far

The venture is already in negotiations with a couple of family offices in Saudi Arabia and venture capital (VC) firms in the US and Singapore for the proposed fundraising UAE-based Cashew hits market …
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Posted on 05/09/2022

Salik IPO: Dubai toll operator to sell 20% stake in IPO and list on DFM

The government will sell 1.5 billion shares in Salik and it reserves the right to amend the size of the offering, it said in an advertisement in Gulf News on Monday. The offer price will be published …
( read original story …)


Posted on 05/09/2022

Dubai toll-gate operator Salik to sell 1.5 billion shares as the emirate revs up its IPO pipeline

Dubai: Dubai is preparing the ground for its next big IPO, with the toll-gate operator Salik to sell 1.5 billion shares – or 20 per cent of the equity capital – via an IPO. Salik, which was converted …
( read original story …)


Posted on 04/09/2022

UAE: Gulf Navigation completes repayment of a $2.7mln loan

DUBAI – Gulf Navigation Holding PJSC (GULFNAV), the Dubai Financial Market listed maritime and shipping company, announced successfully completing the full repayment of a loan for one of its vessels.
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Posted on 04/09/2022

Number of bank employees surged to 34,330 in first half of 2022

A total of 27,545 employees work in national banks and 6,787 employees for foreign banks operating in the country.
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Posted on 03/09/2022

Dubai banker leaves Credit Agricole for SocGen – sources

Ahmed has worked at Credit Agricole for more than 15 years and at its Islamic banking business since April 2014 …
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Posted on 02/09/2022

Number of bank employees surged to 34,330 in H1 2022: CBUAE

The Central Bank of the UAE (CBUAE) announced the number of banking sector employees surged by 2.51 percent in the first quarter of 2022. In its June 2022 statistical report, CBUAE noted that the …
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