Dubai Islamic Bank, the United Arab Emirates’ largest Islamic lender, plans to tap the international debt markets with U.S. dollar-denominated Additional Tier 1 (AT1) sukuk, or Islamic bonds, as soon …
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Builders and Vaccines Power UAE Business Growth Near 2-Year High
Business conditions in the United Arab Emirates improved at the fastest pace in 20 months, taking a sharp turn for the better with the vaccine rollout and an upswing in construction work.Non-oil …
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UAE Central Bank issues new rules to boost financial aid for SMEs
The Central Bank of the UAE (CBUAE) has issued a small to medium sized enterprises (SME) market conduct regulation to promote best practices among licensed financial institutions (LFIs) when engaging …
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Tristar Sets Price Range for Second Dubai IPO in Three Years
If priced at the top of the of the range, the IPO would be the biggest on Dubai’s main exchange since 2017, when Emaar Development PJSC raised $1.3 billion. Since then, new offerings have languished …
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Dubai’s Tristar sets price range for IPO, implies market cap of up to 3.24 billion dirhams
Logistics firm Tristar set the price range for its initial public offering on Sunday, implying a market capitalisation of 2.64 billion to 3.24 billion dirhams ($718.80 million-$882.16 million).
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Dubai-born Pakistani student to represent 2.1m students in California
A Dubai-based student, 17, was elected vice-president finance for a prestigious student body for 116 community colleges representing 2.1 million (m) students in California, US. Fiza Syed, a Pakistani …
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UAE’s FAB launches payments business Magnati
Abu Dhabi: First Abu Dhabi Bank (FAB) Sunday completed the carve out … is currently positioned amongst the top two players in the UAE across direct acquiring, prepaid issuing and issuer processing.
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Tristar Sets Price Range for Dubai’s Second IPO in Three Years
Middle Eastern logistics firm Tristar Transport set the price range for its planned initial public offering in Dubai at 2.20 dirhams to 2.70 dirhams per share, in what would be only the financial …
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UAE: Are SPACs the next tech boom in the making? Know what are they and how do they work
Why has the burgeoning deal-making instrument suddenly spiked interest among investors Dubai: In the past many … institutional investors like hedge funds, pensions, or banks can purchase …
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Supper shrugs off Deliveroo slump with funding round
Supper, the high-end food delivery business, is seeking to raise £5m in a private equity-backed funding round, just days after delivery app Deliveroo lost billions in market value within minutes of …
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Property buyers outnumbering sellers in Dubai
Dubai’s property market is running low on inventory as buyers … with some higher end purchasers also taking a small proportion of finance,” it said. In addition, the market is seeing an increasing …
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UAE finance minister dies at 75
Sheikh Hamdan bin Rashid Al Maktoum, who was also deputy Dubai ruler, served as finance minister for several decades and was known for his charity work and race horse ownership. Longtime Emirati …
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Dubai to host region’s first Cybertech Global event
Cybertech Global Dubai will offer a wide spectrum of sessions and events covering Artificial Intelligence (AI), advanced IoT, big data, cloud, and blockchain across a number of different sectors …
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Saudi Tadawul on IPO path, one among many mega listings on the exchange in 2021
Saudi Arabia’s bourse, Tadawul, has invited banks to pitch for roles in its highly-anticipated flotation. Building on a massive 2020, Tadawul will attract more mega listings this …
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Good news for job seekers: UAE firms start hiring again
Study says job market is gradually reviving with the help of recent medical developments and constant safety measures …
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Dubai Waste Management Co secures finance for mega renewable electricity project
The consortium behind Dubai Waste Management Company has secured a project finance for its mega renewable electricity project. Belgian construction giant Besix, who is a member of DWMC, said that the …
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Salary Income Of Indians In Gulf Exempt From Income Tax: Finance Minister
Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India.
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