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Tag: finance

Posted on 06/02/2022

UAE’s Chimera Capital closes second fund Alpha Wave Ventures II at $10 billion

UAE-based investment firm Chimera Capital has closed its second VC fund Alpha Wave Ventures II at $10 billion, co-managed …
( read original story …)


Posted on 05/02/2022

Dubai’s Salik road toll system said to hire Moelis & Co for IPO

Sources say the road-toll collection system could add additional banks before the listing Dubai’s Salik road toll system said to hire Moelis & Co for IPO Dubai economy, Dubai Financial Market, dubai …
( read original story …)


Posted on 05/02/2022

Dubai ruler’s Malayalam tweet goes viral, Kerala Chief Minister replies in Arabic

Sheikh Hamdan bin Mohamed bin Rashid Al Maktoum, Crown Prince of Dubai; Sheikh Maktoum bin Mohamed bin Rashid Al Maktoum, Deputy Prime Minister and Finance Minister of UAE and Deputy Ruler of Dubai; …
( read original story …)


Posted on 05/02/2022

Vedant Fashions (Manyavar) IPO subscribed 14%

Ahead of the IPO, Vedant Fashions (Manyavar … spanning across 212 cities and towns in India and 11 EBOs overseas across United States, Canada and the UAE. The company reported a consolidated net …
( read original story …)


Posted on 05/02/2022

Dubai Islamic Bank targets growth, scouts out deals

An Islamic bank in the UAE is emerging from the pandemic as acquisitive as ever and has identified new countries where it might expand next. With operations already in place in Pakistan …
( read original story …)


Posted on 05/02/2022

Update – UAE Introduces Corporate Tax

The United Arab Emirates (UAE) Ministry of Finance (Ministry) announced on 31 January 2022 that it will introduce a federal corporate tax regime for the first time in the UAE. A federal corporate tax …
( read original story …)


Posted on 04/02/2022

UAE’s Anghami, first Arab tech company to list on Nasdaq, begins trading

Read: Shuaa Capital invests in music streaming service Anghami Global investment company Franklin Templeton also joined as one of the pre-IPO investors … Lab’ in Dubai to be followed by …
( read original story …)


Posted on 04/02/2022

Emaar MGF, Two Others Seek Approval for IPO

DUBAI — Emaar MGF, a joint venture between Dubai-based Emaar … s stock market regulators to raise Rs35 billion and Rs40 billion, respectively, from the IPO exercise. Separately, another developer, …
( read original story …)


Posted on 04/02/2022

Emaar MGF, Two Others Seek Approval for IPO

DUBAI — Emaar MGF, a joint venture between Dubai-based Emaar … s stock market regulators to raise Rs35 billion and Rs40 billion, respectively, from the IPO exercise. Separately, another developer, …
( read original story …)


Posted on 04/02/2022

Emaar MGF and Two Other Property Firms Seek Approval for IPO

DUBAI — Emaar MGF, a joint venture between Dubai-based Emaar … s stock market regulators to raise Rs35 billion and Rs40 billion, respectively, from the IPO exercise. Separately, another developer, …
( read original story …)


Posted on 04/02/2022

Dubai Islamic Bank expects UAE to remain globally competitive after new corporate tax

Dubai Islamic Bank, one of the city’s biggest lenders, expects the United Arab Emirates to remain competitive after a new tax on business profits comes into effect next year. The UAE, of which Dubai …
( read original story …)


Posted on 04/02/2022

UAE will be competitive even with a corporate tax, says Dubai Islamic Bank CEO

Image Credit: Virendra Saklani/Gulf News Dubai: Dubai Islamic Bank, one of the city’s biggest lenders, expects the UAE to remain competitive after a new tax on business profits comes into effect …
( read original story …)


Posted on 04/02/2022

Chasing sky-high valuations, Dubai bankers switch to tech sector

“In the past, people got into investment banking because it was among the highest-paid jobs. Now they’re trying to build unicorns,” said Abuinnab, referring to companies that are worth $1 billion or …
( read original story …)


Posted on 04/02/2022

Dubai-based investor GII is spending Rs500m on a stake in India’s Bombay Shaving Co

Image Credit: Supplied Dubai: A Dubai-based investment fund GII … we needed an investor group that could guide us on building an IPO-able company. “Interactions with GII were always focused …
( read original story …)


Posted on 04/02/2022

Manyavar Parent Vedanta Fashion Ltd IPO Opens Today: Should You Buy?

The IPO will be open for four days till February 8 and will be available … 58 shop-in-shops globally and 11 overseas EBOs in countries such as the US, the UAE and Canada which have a large segment …
( read original story …)


Posted on 04/02/2022

Manyavar IPO opens today — Check out the important dates and details of the IPO

Canada and the UAE. However, buying clothes from a famous brand is not similar to buying shares of the same company. Click here to read the analysts view on whether to subscribe to the IPO or not. The …
( read original story …)


Posted on 04/02/2022

Al Mal Capital Keeps ‘Outperform’ Rating on Drake & Scull

DUBAI – Al Mal Capital has kept its “outperform” rating … It has virtually negligible debt and a cash balance of over Dh1 billion from unused initial public offering (IPO) funds,” said Al Mal …
( read original story …)


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