Blue Whale Acquisition Corp I (Nasdaq: BWCAU) (the “Company”) announced today the closing of its initial public offering of …
( read original story …)
Dubai visitor jailed for robbing Dh91,000 from bank customer
Dubai: A Dubai visitor will spend six months in jail for a Dh91,000 robbery from a bank customer. The duo attacked him and escaped with the cash. The victim then alerted Dubai Police in the Jebel Ali …
( read original story …)
Tanmiah lists on Saudi Exchange after heavily oversubscribed IPO
The shares were offered to institutions and individuals at $18, at the top of the range previously set at $16 – 18 …
( read original story …)
Avanceon’s Octopus Digital set for IPO after PSX, SECP approves listing application
Pakistan is set to see the listing of Octopus Digital Limited, a 100% wholly-owned subsidiary of Avanceon Limited. In a notice sent to the Pakistan Stock Exchange (PSX) on Friday, Avanceon said that …
( read original story …)
Emirates looking at aircraft finance options
The carrier will need an average of $5.34 billion a year over the next five years to finance 119 aircraft deliveries. . Emirates looking at aircraft finance options . Airlines …
( read original story …)
No planned date for Nasair IPO
The carrier has internally started the process for an offering and appointed Saudi Fransi Bank. . No planned date for Nasair IPO . Airlines …
( read original story …)
Dubai Islamic Bank increases foreign ownership to 40%
DIB is the latest financial institution in the UAE to join leading other banks, including First Abu Dhabi Bank and Emirates NBD, in raising the FOL from 2019 …
( read original story …)
Saudi-UAE Spat Is Not Over Despite OPEC+ Deal
The surprise resistance of the United Arab Emirates during the OPEC+ negotiations last month caught the oil market off guard, but the UAE-Saudi rift wasn’t much of a surprise to experts who have been …
( read original story …)
HID delivers secure mobile biometric authentication to Al Ain Finance
HID Global has been selected by Al Ain Finance to supply its cloud-based HID Authentication Service and HID Approve mobile-based biometric authentication app.
( read original story …)
Saudi food major Tanmiah lists after IPO raises $107m
Tanmiah sells its products primarily in Saudi Arabia as well as the UAE, Bahrain, Lebanon, Oman, Jordan and Kuwait …
( read original story …)
DIB increases foreign ownership to 40 per cent
Following all regulatory approvals received from UAE Central Bank and the Securities and Commodities Authority (SCA), Dubai Islamic Bank (DIB) on Thursday, …
( read original story …)
Five things you should know before investing in Policybazaar IPO
The company, which currently has operations in Dubai through a subsidiary, plans to scale up its operations in the broader Gulf Cooperation Council region.
( read original story …)
UAE investors are shifting their investments amid global inflation concerns: Positive news for the economy
One in two investors globally, including the UAE, to adjust investments for inflation Dubai: Switzerland-based global financial service provider UBS revealed that almost one in every two investors …
( read original story …)
Dubai Investments eyes healthcare, education growth after profits surge
The CEO of Dubai Investments said on Thursday that the company is looking to expand further into healthcare and education as it posted a surge in net profit for the first six months of 2021. The …
( read original story …)
UAE: The bank charged me Dh75 plus VAT twice for issuing a bank statement, no option to cancel
Bank reversed the charges after Gulf News’ intervention …
( read original story …)
I came to Dubai on a cargo ship, made a fortune and retired at 42: Indian expat
I hopped on a cargo ship from India to come to the UAE to be with my father. It was in the late 1960s. I’d come with a pocket full of dreams and five decades later I am cherishing success at all …
( read original story …)
Abu Dhabi Investment Office adds two specialist finance firms to its Dh2b Innovation Programme
Dubai: Abu Dhabi Investment Office (ADIO) has enlisted two more companies – Florin Court Capital and Tribe Infrastructure Group – into Dh2 billion Innovation Programme. This will help both financial …
( read original story …)