Manyavar’s parent firm Vedant Fashions Ltd has fixed a price band of Rs 824-866 a share for its upcoming Rs 3,149-crore initial public offering (IPO). The Manyavar IPO will open on February 4 and …
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UAE and Australia discuss means of developing economic relations
Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance (MoF), met on Friday with Christopher Pyne, Chairman of the Australia United Arab Emirates Business Council, …
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Manyavar-owner Vedant Fashions sets IPO price band. GMP, key details as issue opens next week
Vedant Fashions Limited is the one of largest companies in India in the men’s Indian wedding and celebration wear segment. The company’s flagship brand ‘Manyavar’. Other b …
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Covid-19 encouraging digital transformation among UAE banks
Covid-19 is accelerating the rate of digital transformation in the UAE’s banking sector, according the CEO of Bank of Sharjah.. Covid-19 encouraging digital transformation among UAE banks. bank of …
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Manyavar IPO opens next week, shareholders selling shares worth Rs 3,150 cr in all OFS issue, check price band
Vedant Fashions Limited, the owner of ethnic wear brands such as ‘Manyvar’ and ‘Mohey’ is set to enter Dalal Street with an IPO (initial public offering). The company’s public issue will open for …
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Vedant Fashions IPO opens on Feb 4, check price band and other details
Investors can bid for a minimum of 17 equity shares and in multiple of 17 thereof. The IPO can be subscribed till February 8, Tuesday.
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Denmark appeals to UK court over Dubai trader Sanjay Shah’s alleged £1.5bn tax fraud
Provided by The National Denmark accuses Sanjay Shah of being behind a £1.5 billion tax fraud. Denmark’s tax authority has launched an appeal in the UK courts over an alleged …
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UAE Food Bank distributes over 10 million meals in 2021
Dubai: The UAE Bank has announced that it has distributed more than 10 million meals to various beneficiaries in 2021 under the directives of Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of His …
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UAE largest bank makes record profit in 2021
The UAE’s largest bank, First Abu Dhabi Bank, announced Thursday it scooped record annual net profit of $3.4 billion in 2021, a 19 percent increase over the previous year.
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UAE’s biggest bank FAB hits record Dh12.5b net profit, while assets soar past Dh1 trillion
Dubai: It is a record profit for the UAE’s biggest bank, FAB, totalling Dh12.5 billion against 2020’s Dh10.6 billion as the country’s leading financial institutions rollback on the COVID-19 …
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Dubai regulator issues massive fine on Abraaj founder
A regulatory body in Dubai is fining the Pakistani-born founder of Abraaj Group a staggering penalty of $135.5 million …
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UAE’s biggest bank FAB hits record Dh12.5b net profit, while assets soar past Dh1t
Dubai: It is a record profit for the UAE’s biggest bank, FAB, totalling Dh12.5 billion against 2020’s Dh10.6 billion as the country’s leading financial institutions rollback on the COVID-19 …
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Most major Gulf markets up, strong bank earnings boost Dubai
Most major gulf index ended higher on Wednesday, with the Saudi market extending gains on the back of a global rally and oil prices, while the Dubai index was up after banks reported sharply higher …
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UAE – Emirates NBD net profit jumps 34% to Dh9.3 billion
Dubai’s largest bank Emirates NBD’s net profit jumped 34 per cent to Dh9.3 billion in 2021 on the back of higher total income and decreased impairment allowances. In light of the group’s strong …
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Dubai largest bank profits jump in 2021
Dubai’s largest bank, Emirates NBD, announced Wednesday that its net profits jumped in 2021, as the economy of the Gulf city state rebounded following a slump due to coronavirus.
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Adnoc named UAE’s most valuable brand worth Dhs47b
Adnoc maintained in 2022 its position as the UAE’s most valuable brand for the fourth consecutive year, according to a new report from Brand Finance, the world’s leading independent brand valuation …
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UAE begins financing risks assessment to tackle funds for banned weapons
The UAE on Wednesday said it was assessing risks that funds for banned weapons could be funnelled through the regional commercial and trade hub, ahead of a FATF review in March. The UAE and the …
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