Number of other firms are considering their initial public offerings on Abu Dhabi bourse and the Dubai Financial Market to build up resilience against international …
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UAE’s LuLu Group set for IPO next year as it plans expansion
Abu Dhabi’s LuLu Group International is planning to launch an initial public offering next year and has hired investment bank Moelis to advise it on the deal, according to a company representative.
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Lulu Group confirms hiring Moelis & Co for 2023 IPO, to be listed on ADX
Proceeds of the IPO will be used for the group’s business expansions, with a focus on new markets such as Iraq and North Africa …
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UAE: New decade of industrial development, leadership in future industries
The UAE has realised the importance of digital transformation and is looking forward to an industrial future based on technology, to ensure its sustainability …
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UAE: IMF revises country’s growth forecast upward for 2022-23
As the fear of the world slipping into a recession grows, the International Monetary (IMF) has revised the UAE’s economic growth forecast upward for 2022 a..
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UAE supermarket chain Lulu hires Moelis for IPO – sources
Abu Dhabi-headquartered supermarket chain Lulu Group International is planning an initial public offering and has hired investment bank Moelis & Co to advise it, two sources familiar with the matter …
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UAE: 4 new ways to pay for govt services announced in Sharjah
The latest payment package will employ near-field communication (NFC) technology to provide more accessible, faster, and more flexible transactions …
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UAE most targeted in Mena for M&A deals
The UAE was the most targeted nation for mergers & acquisitions in the Middle East and North Africa region as the value of deals in the first nine months r..
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Burjeel Holdings to use proceeds from new shares for expansion in UAE, Oman, Saudi: Dr. Shamsheer
Ongoing expansion in UAE, Oman, KSA In an exclusive interview with WAM … Dr. Parambath said the strong demand for the company’s Initial public offering (IPO), which was 29 times oversubscribed, …
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UAE: Paying bills, banking, visiting the doctor in the metaverse, what does it mean for you?
Commercial Bank International, a corporate and retail bank headquartered in Dubai, announced the official launch of their Metaverse location The idea would be that one day you could do everything …
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UAE: ADCB ranked highest among GCC banks in ESG risk
The Bank is now fully aligned with the UAE’s ambitions for an inclusive, net-zero economy, and we remain committed to supporting our customers and our communities on their journey towards a low-carbon …
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UAE digital bank Wio in deal with Stripe for faster payment onboarding of SMEs
Wio Business, the digital banking app from Wio, will allow SMEs and freelancers – ‘who previously struggled to get access to payment products’ – to activate their e-commerce …
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Dubai-Based Bank First to Recruit via Metaverse
Commercial Bank International (CBI), a corporate and retail bank headquartered in Dubai, is the first bank to recruit a UAE national via Metaverse.
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Dubai: 2 expats win $1 million each after over 15 years of participating in Duty Free Millennium Millionaire
The latest draw for Dubai Duty Free Millennium Millionaire saw two individuals, a 58-year-old Indian national based in Muscat, Oman, and a 50-year-old Iran..
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UAE assets are ready for some heavy ‘value investing’ fund flows
Compared to some global asset values, UAE has some relative bargains to offer After dominating headlines for more than a year, luxury real estate has started to fall and houses are sitting on the …
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CEO of UAE’s digital bank Zand steps down
Oliver Crespin, CEO of UAE’s digital bank Zand, has stepped down from his role. Crespin is ‘moving on to pursue other interests with effect from October 5, 2022,’ the bank said in a statement. Mark …
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Arabian Drilling set to raise over $700mln in IPO
DUBAI – Arabian Drilling Company, a Saudi oilfield services firm, said on Tuesday it will price its initial public offering at 100 riyals a share and is set to raise 2.67 billion riyals ($710.58 …
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