Tag: finance

Abu Dhabi’s Supreme Council for Financial and Economic Affairs on Tuesday launched a $1.4 billion (Dh. 5 billion) IPO fund to strengthen Abu Dhabi …
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UAE GDP projected to grow 2.2% this year and 3% in 2022 Dubai: The International Monetary Fund (IMF) has forecast improved growth for hydrocarbon exporting countries, particularly the GCC, in its …
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The IMF report observed that in the near term, commodity exporters, especially oil exporters have brighter growth outlook. For the Middle East and North Africa region in which world’s leading oil …
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The company has received markets regulator SEBI’s approval to launch an initial public offering, through which it plans to raise up to ₹ 1,900 crore.
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The company has received markets regulator Sebi’s approval to launch an initial public offering, through which it plans to raise up to Rs 1,900 crore.
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It’s once again open season for biotech IPOs, as the summer drought has given way to an autumn flood. Five companies filed to go public on Friday, including four penciling in $100 million fundraises: …
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Nayifat Finance will expand into fintech, SME lending and credit card sectors Dubai: Nayifat Finance Company, a Saudi-based non-banking financial company, plans to list on Saudi Stock Exchange. It …
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Dubai: The Indian currency opened at 75.42 a dollar in the interbank forex market and slipped further to 75.64. The rupee’s weakness against the dirham is a reflection of the currency’s decline …
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Oil price gains and sustained demand will work to UAE’s economy advantage Dubai: The UAE economy is rebounding fast from the downturn caused by COVID-19 and the prolonged decline in oil prices, …
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The announcement was made on the sidelines of the Dubai International PPP Conference. Dubai Department of Finance unveils PPP projects worth $6.8bn. Business, construction, Dubai Department of Finance …
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Dubai court issues strict limits on Marka’s former board of directors Dubai: The UAE retail and leisure company, Marka, has been declared bankrupt by a local court and all of its its assets brought …
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A statement by management consultancy Boston Consulting Group presents, around 55 percent of UAE populaces polled in a study reported they would have …
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ACWA Power International surged on debut in Riyadh after raising more than $1.2 billion in the biggest Saudi Arabian listing since Aramco.  The stock jumped by the 30% daily limit to 72.80 riyals on …
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Shares in Saudi Arabian renewable energy utility ACWA Power International jumped 30% on their market debut on Monday after a $1.2 billion IPO, the kingdom’s biggest since Saudi Aramco’s massive public …
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More than $6.8bn of public-private partnership (PPP) projects have been announced by the Government of Dubai’s Department of Finance (DoF). The projects will foster new partnerships between the …
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DEWA has attracted investments of around AED 40 billion through this model, which enhances the partnership between the public and private sectors. . UAE’s DEWA attracts investments of Dh40bn using …
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Dubai Islamic Bank (DIB), the UAE’s largest Islamic Bank, has made great strides in achieving its Emiratization agenda playing a key role in overcoming …
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