Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank (EDB), said the bank was adapting to diversification by focusing on accelerating industrial development in the UAE and enabling SMEs to be a …
( read original story …)
Sheikh Maktoum meets Bank of America’s Bernard Mensah
Dubai: The importance of Dubai and the UAE as a financial hub and the incentives offered to investors were praised by a senior Bank of America official on Tuesday. During a meeting with Sheikh Maktoum …
( read original story …)
Dubai Hotel Billionaire to Decide on IPO by Early Next year
That mirrors the broader rebound in Dubai, where property sales are at decade highs and hotel occupancy above 2019 levels. Expo 2020, …
( read original story …)
State-owned Bank Syariah Indonesia to open representative office in Dubai in 2022
Indonesian state-owned Islamic bank, Bank Syariah Indonesia (BSI), is planning to open a representative office in Dubai in 2022, local media have reported. The bank’s corporate secretary Gunawan Arif …
( read original story …)
Dubai’s DAFZA, Export Bahrain sign agreement
The MoU seeks to encourage companies across the two countries to expand joint trade relations and enhance cooperation.
( read original story …)
50th National Day celebrations: UAE issues new coin; all you need to know
The UAE Central Bank has issued a commemorative silver coin on Monday on the occasion of the country’s 50th National Day bearing the name of the Ministry of Presidential Affairs. The silver coin was …
( read original story …)
Dubai Ranks of IPO Hopefuls Grow With Shuaa Plans for Two Listings
Shuaa Capital PSC, which oversees around $14 billion in assets, is considering initial public offerings of two of its portfolio companies as Dubai’s efforts to revive its stock market gain traction …
( read original story …)
UAE – Adnoc Distribution Launches Next Generation Retail Experience
First fuel retailer in the Middle East to offer a fully contactless shopping experience using AI technology to allow consumers to shop and pay with …
( read original story …)
United Arab Bank Appoints Yousif Al Suwaidi Head of Retail Banking Department
United Arab Bank announced the appointment of Emirati banker Yousif Al Suwaidi as Head of Retail Banking. Al-Suwaidi will lead the growth plans in the r …
( read original story …)
Saudi stock exchange seeks to raise up to $1 billion in IPO
Saudi Tadawul Group Holding is seeking to raise as much as $1 billion after setting the price range for an initial public offering at 95 riyals ($25.32) to 105 riyals per share …
( read original story …)
Saudi stock exchange eyes up to $1bn in IPO
Saudi Arabia is keeping the home fires burning for regional public offerings, readying what could be the biggest sale of shares by a stock-exchange operator since Euronext NV.
( read original story …)
Licence fee exemption for Emirati members of Dubai SME extended to 7 years
Dubai: Emirati members of Dubai SME, who had received a five-year exemption from paying licence fees, will now enjoy the benefit for seven years, it was announced on Sunday. The decision, under the …
( read original story …)
Pakistani province signs 17 deals in Dubai to attract UAE investments
The memorandum of understandings (MoUs) were signed at the Punjab International Business Conference in Dubai with the UAE and Pakistani groups to invest in special …
( read original story …)
UAE wins bid to host ICOM General Conference 2025
The UAE has won the bid to host the 27th International Council of Museums (ICOM) General Conference 2025 in Du …
( read original story …)
Saudi’s Tadawul seeks to raise $1b in IPO
Riyadh: Saudi Arabia’s stock exchange is seeking to raise as much as $1 billion from what would be one of the biggest IPOs in the exchange sector since Euronext NV’s listing in 2014. The Saudi Tadawul …
( read original story …)
Saudi bourse operator sets price range for up to $1 bln IPO
Saudi Tadawul Group, the kingdom’s stock exchange operator, has set an indicative price range for its initial public offering which shows it could raise up to 3.78 billion riyals ($1.01 billion) in …
( read original story …)
Paid internships in Dubai for students
With around 85 per cent of Dubai’s population being foreign, it is a city that not only attracts businesses from UAE but also from all over the world.
( read original story …)