The appointments come after the licence approval by the Central Bank of the UAE. Wio is jointly owned by Abu Dhabi Holding Company (ADQ), Alpha Dhabi, Etisalat, and First Abu Dhabi Bank (FAB) with an …
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AOIC announces IPO, listing on Saudi Exchange’s Main Market
UAE – Abdullah Al Othaim Investment Company (AOIC), a leading mall, entertainment, fashion and F&B operator in KSA, will offer 30 million ordinary shares through an initial public offering (IPO) and …
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ADC Acquisition Corporation, UAE’s first SPAC, to open IPO subscription on 12 May
Shares will be available for purchase to retail and professional investors in a public subscription in the UAE and listed on the Abu Dhabi Securities Exchange (ADX). The company aims to raise AED 367 …
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ADC Acquisition Corporation to open IPO on May 12
ADC Acquisition Corporation (ADC), the UAE’s first special purpose acquisition company (SPAC), today announced that its Initial Public Offering (IPO) subscription period will start on May 12 and run …
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Is it worth spending your hard-earned money on silver as opposed to gold?
Guide to buying silver and the role it can play in your investment portfolio Dubai: As opposed to its … financial market assets. • Inflation hedge: Silver also acts as an inflation hedge …
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UAE approves housing loan financing programme worth $3.1 billion
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting, which was held at Qasr Al Watan Abu Dhabi. The Middle East Sheikh Mohammed …
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UAE’s brand new digital bank Wio confirms Salem Al Nuaimi as Chairman, Jayesh Patel as CEO
The UAE’s brand new digital ponly bank Wio has confirmed Salem Al Nuaimi as Chairman and Jayesh Patel as CEO. The appointments follow the license approval from the UAE Central Bank. Wio is …
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Wio makes senior leadership appointments following UAE Central Bank license
FinTech industry veteran Jayesh Patel appointed CEO of Wio Wio granted UAE Central Bank license to establish fully digital bank in the UAE The next-generation digital banking platform set to …
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What Are The Minimum Wages In Dubai?
It enables companies to pay their employees through banks and other financial institutions; the central bank of UAE implemented this system to protect the people and the employees and secure their …
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UAE To Increase Emiratisation Rates In Private Sector
The UAE has adopted a new system to increase Emiratisation rates in the private sector annually to reach 10 per cent by 2026. “We have set a minimum Emiratisation percentage of 2 per cent annually …
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Dubai’s new Debt Management Office comes into being, will handle government financing, debt
New Dubai entity will handle all of the sovereign debt portfolio too Dubai: Dubai’s Department of Finance has formally launched the Debt Management Office to handle all of the government’s financing …
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Filipinos in UAE bank on ‘strong’ president to unite country
Citizens of the Philippines have said they backed a leader to build a strong economy, unite the country and continue the fight against drugs as the nation voted for a new president. Hundreds of voters …
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UAE Cabinet approves housing loan financing prgm. worth AED 11.5bn
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting, which was held at Qasr Al Watan Abu Dhabi.
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UAE’s Mashreq invests in local buy now, pay later start-up
United Arab Emirates buy now, pay later platform Cashew announced on Monday it had secured up to $10 million in debt and equity financing from local lender Mashreqbank PSC which would now help it …
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Abu Dhabi’s ADC Acquisition Corp. to launch UAE’s first SPAC public offer on May 12
Offer for ADC’s shares run until May 19 and will be listed on ADX Dubai: The UAE’s first SPAC (Special Purpose Acquisition Company) will launch its public offer on May 12, offering 36.7 million …
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DEWA IPO to become largest IPO in the UAE and the largest in the Europe, Middle East and Africa region so far in 2022
DEWA IPO to become largest IPO in the UAE and the largest in the Europe, Middle East and Africa region so far in 2022 DEWA IPO becomes second largest in the history of the Middle East, raising AED …
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UAE credit demand and supply remain on the rise: Central Bank
Banks are fuelling credit growth as UAE economy ticks along nicely The latest UAE Central Bank credit sentiment survey offers good tidings for banks and their clients, business and individual.
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