Standard Chartered is reportedly planning to bolster its private banking operations in the UAE by increasing its frontline team by 20%. The move forms part of the bank’s wider strategy to cater to its …
After mega IPO, Talabat shares fall in debut trading on DFM
Talabat Holding Plc shares which debuted on the Dubai Financial Market (DFM) on Tuesday opened at AED 1.70, a 6.25% jump from the offer price. After touching a high of AED 1.72, the food delivery …
UAE pharmaceutical market outlook remains promising
The outlook for the pharmaceutical market in the UAE is highly promising, supported by the government’s strong commitment to healthcare, a growing population, and rising healthcare needs, an industry …
Trading crypto in Dubai? What you need to know about the latest court ruling
Experts advise individuals engaging in crypto trading to regularly review updates to VARA and Securities and Commodities Authority regulations to ensure ongoing compliance …
Standard Chartered expands private banking team in the UAE
Standard Chartered plans to expand its frontline private banking team by 20% in the United Arab Emirates, the Asia-focused lender said on Wednesday, as part of a broader strategy to cater to its high …
Standard Chartered expands UAE private banking team to serve growing pool of global ultra-rich
Standard Chartered Plc is beefing up its private banking team in the UAE by 20% with new hires as it jostles with other global banks to serve the growing pool of the super-rich who are moving here …
UAE’s newest stablecoin gets nod from Central Bank
Dubbed ‘AE Coin’, the cryptocurrency is positioning itself as a stablecoin that is fully backed by reserves held within the UAE …
Talabat launches on Dubai Financial Market after $2bn IPO, shares fall 7%
Talabat’s listing maintains Dubai’s stellar IPO pipeline, with the total value of funds raised on DFM in 2024 reaching AED10.48bn ($2.9bn) while the market ranked as the best performing regional …
Talabat debuts on Dubai Financial Market in largest tech IPO this year
Talabat’s landmark initial public offering (“IPO” or the “Offering”), which raised gross proceeds of c. AED 7.5 billion (c. USD 2.0 billion) through the offering of 20% of the Company’s total issued …
Talabat Drops in Dubai Debut After Gulf’s Biggest 2024 IPO
Talabat Holding Plc’s shares lost ground after the food delivery firm’s $2 billion initial public offering in Dubai, adding to a slate of recent disappointing debuts for listings in the Middle East.Mo …
Marshall Wace Joins UAE Hedge Fund Rush With Abu Dhabi Office
Marshall Wace, one of London’s biggest hedge funds, has joined the flurry of global investment firms expanding to the United Arab Emirates capital.
Marshall Wace latest hedge fund to open Abu Dhabi office
Marshall Wace also has offices in London, New York, Hong Kong, Shanghai and Singapore. The firm runs assets across quantitative, systematic and fundamental strategies, specializing in long/short …
DIFC strengthens its position as top financial hub
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has strengthened …
UAE: Talabat shares drop 6.8% on Dubai market debut
Talabat was the last big company in a series of initial public offerings (IPOs) that hit the UAE markets this year …
New UAE tax: What will the impact be on companies?
The UAE’s new 15 per cent tax on large multinational companies didn’t come as a shock to many corporates, according to analysts. And despite a short-term impact on profits, experts say it offers …
Talabat plunges over 7.5% in Dubai trading debut after $2bn IPO
Talabat Holding’s shares opened at Dhs1.70, higher than the price at which Germany’s Delivery Hero sold 4.7 billion shares last month.
Marshall Wace Joins Abu Dhabi Hedge Fund Rush With New Office
Marshall Wace, one of London’s biggest hedge funds, has joined the flurry of global investment firms expanding to the United Arab Emirates capital.