From G20 to COP28 . Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-designate, praised India’s commitment to a sustainable energy t …
Dubai Taxi launches initial public offering
Dubai Taxi will sell shares through an initial public offering (IPO) after it was converted into a public joint stock company by the Government of Dubai on Sunday. In his capacity as the Ruler of …
UAE: Central Bank participates in the “Tawdheef” exhibition
The Central Bank of the United Arab Emirates is participating in the activities of the 27th session of the “Tawdheef” exhibition, which begins tomorrow at the Abu Dhabi National Exhibition Centre …
New Nomo Bank property finance offer for existing and new customers
He added, “This special offer is includes current and new Nomo Bank customers from Kuwait and the UAE. Our property finance offering is in line with their investment aspirations and helps to realise …
UAE plans to maintain ties with Israel despite Gaza outcry: Report
UAE maintains diplomatic ties with Israel despite outcry over Gaza war, seeks to moderate Israeli campaign while safeguarding its own interests. UAE President Sheikh Mohamed spoke with Israeli PM …
UAE: Remit money and get discounts on air tickets, extra luggage charges
State Bank of Pakistan has introduced several initiatives to encourage overseas Pakistanis to remit money through legal channels …
Exclusive: ICBC injects capital into U.S. unit, seeks cyber review -sources
Industrial and Commercial Bank of China injected capital into its U.S. unit to pay BNY Mellon $9 billion for unsettled trades and hired a cybersecurity firm to help it return online after a ransomware …
Area mayor gets council OK to travel to Dubai for climate summit
I’m left feeling ambushed. It’s quite dismaying when we learn at the same time as the public and we don’t have any answers,’ laments councillor …
Adnoc Distribution’s earnings up 28% in Q3, strongest since IPO
Adnoc Distribution on Friday announced robust Q3 2023 results, reporting a 28% year-on-year (Y-o-Y) increase in EBITDA to $303 million (Dhs1.1 billion) …
Investcorp Prices $451 Million Abu Dhabi IPO at Top of Range
Investcorp Capital Plc’s Abu Dhabi initial public offering raised 1.66 billion dirhams ($451 million) after the deal priced at the top of the range and was upsized by 12%.
Investcorp Capital valued at $1.37bn in Abu Dhabi IPO
Bahrain-based asset manager Investcorp Capital has raised Dh1.66 billion ($451 million) from the sale of about a third of its shares to the public during its listing on the Abu Dhabi Securities …
Dubai Launches $136 Mn VC Fund To Finance Tech Startups
The Dubai Integrated Economic Zones Authority (DIEZ) on Friday launched a venture capital (VC) fund worth $136 million desig …
Dubai launches $136 million VC fund to finance tech startups
The Dubai Integrated Economic Zones Authority (DIEZ) on Friday launched a venture capital (VC) fund worth $136 million designed to finance technology startups.
UAE Central Bank to auction AED15.5bn in government bonds
The UAE Central Bank announced an auction of government bonds on November 13. The auction includes four issues of “M-BILL” treasury bonds, totaling AED15.5 billion. The first issue for 28 days will be …
Mohammed bin Rashid approves Dubai Government’s General Budget for 2024-2026 fiscal cycle with expenditures of AED246.6 billion
In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai’s general budget for the …
Dubai’s Drake & Scull narrows loss to $9.5bln in Q3 2023
Dubai-based contractor Drake & Scull International (DSI) narrowed its net loss for Q3 2023 to 35 million dirhams ($9.5 million) versus a net loss of AED68.5 million in the year earlier period. Revenue …
DM welcomes Pak bank team
The delegation was led by Baqar Muthar, Chief Information Officer, UBL, and was welcomed by Indranil Guha, Head of Network Services Unit, Operation Network Services Section, IT Department, Dubai …