Sharia-based ethical consumption rose 9 per cent yearly, to reach $2.8 trillion by 2025. Dubai: Muslims the world over spent a combined $2 trillion on food, medicines and on lifestyle needs based on …
( read original story …)
Oil supply shock may not nudge OPEC+ into speeding up production, says UAE bank
Edward Bell of Emirates NBD says OPEC+ may ask consuming countries to draw on their own reserves. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC …
( read original story …)
Dewa to increase number of shares offered in IPO to 17%
Dubai Electricity and Water Authority (Dewa) on Wednesday announces that, following approval from the UAE Securities and Commodities Authority (SCA), it has exercised its right to increase the number …
( read original story …)
P&O pensioners should sit tight despite fund concerns
By firing 800 staff through a pre-recorded video message, P&O Ferries hit the headlines and, by its own admission, broke the law. The company claims that cutting costs, replacing its employees with …
( read original story …)
Mideast Stocks: Markets fall; Dubai ends up on IPO cheer
Major Gulf bourses ended lower on Wednesday, tracking muted sentiment across world markets, while investors continued to pump money into Dubai after state utility DEWA increased the size of its …
( read original story …)
Dubai’s DEWA Increases IPO Size to 17 Percent
Dubai’s main power and water company (DEWA) announced on Wednesday that it had increased the number of shares offered in its initial public offering fro …
( read original story …)
BlackRock seeks to boost investment in UAE, Saudi Arabia
The New York-based group, which manages more than $10 trillion in assets, discussed with the UAE cooperation to strengthen investments in the future economy …
( read original story …)
Video: Uruguay Minister of Economy and Finance receives Best Minister Award at World Government Summit in Dubai
Best Minister Award went to Fayrouzuddin Fayrouz, Minister of Health of Afghanistan, in recognition of his success in vaccinating 9.5 million children against polio, and …
( read original story …)
UAE: Help! My bank is asking me to pay over Dh10,000 to close my account
Bank resolved the issue after Gulf News’ intervention …
( read original story …)
AfDB President Commences Three-Day Visit To The United Arab Emirates
African Development Bank Group, President Dr Akinwumi A. Adesina arrived in Dubai today at the start of a three-day official visit to the United Arab Emirates.
( read original story …)
Landmark IPO in Dubai more than doubles in size heralding $5.7bn boost to region
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
( read original story …)
Dubai Utility DEWA More Than Doubles IPO Size to $5.7 Billion
Dubai’s main power and water company increased the size of its initial public offering to as much as $5.7 billion, making it the emirate’s largest ever listing.
( read original story …)
Dubai: Dewa increases IPO size to 17%
This would result in a free float of 17% of DEWA’s share capital, with the Government of Dubai continuing to own 83% of DEWA’s share capital. DEWA has also received approval from the SCA to increase …
( read original story …)
Dewa IPO: Dubai company boosts offering size on ‘strong’ demand and may raise $5.7bn
Dubai Electricity and Water Authority increased the number of shares offered in its initial public offering to 8.5 billion ordinary shares from 3.25 billion, resulting in a free float of 17 per cent …
( read original story …)
DEWA ups IPO offering from 6.5% to 17% of its share capital making 8.5 billion shares available to investors
The Dubai Electricity and Water Authority PJSC (DEWA) has exercised its right to increase the number of shares offered in its initial public offering (IPO) from 6.5 percent of its issued share capital …
( read original story …)
Two-thirds of UAE adults are interested in cryptocurrency, with young adults showing most interest
With the UAE government’s constant efforts to promote digital finance and encourage crypto trading, data from YouGov’s “The Future of Financial Services Report” shows interest in this digital asset is …
( read original story …)
UAE based Mashreq Bank Completes Transition of Payments Division into Wholly-Owned Subsidiary
Mashreq Bank, a financial institution based in the UAE, has completed the transition of its payments division into a wholly owned subsidiary,.
( read original story …)