IPO activity in the Gulf is picking up after the pace slowed from an exceptional 2022. Saudi Arabia and the UAE led new listings that year, raising nearly $22 billion – more than half the total for …
Investcorp Capital sets IPO price range
Nov 2 (Reuters) – Investcorp Capital plc on Thursday set the price range for its initial public offering (IPO) at between 1.90 per share United Arab Emirates dirhams and AED 2.30 per share implying an …
UAE tax for non-residents; Saudi wins FIFA World Cup bid; New fertility law – 5 trending stories to read today
FIVE Holdings will create up to 50 new staff millionaires following its IPO in 2025, the group’s founder Kabir Mulchandani has revealed. In an interview published in Arabian Business, Mulchandani said …
UAE ‘leading the way’ in sustainable finance globally, Minister of Economy says
In the face of heightened geopolitical tensions, climate change concerns, and trade barriers that have raised questions about the future of the global economic order, the UAE has demonstrated …
DIEZ launches $136mln venture capital fund to finance technology startups
Launched in the presence of H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, the fund is designed to finance technology startups and supports the economic objectives …
UAE, Jordan sign MOUs worth $6 bln – state news agency
Jordan and the United Arab Emirates signed memoranda of understanding worth $6 billion on Wednesday including investment and development projects, the Emirati state news agency reported.
US Federal Reserve, UAE central bank keep key interest rates unchanged
Shortly after the Fed’s announcement, the UAE Central Bank said it’s keeping its interest rate unchanged. “The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the …
UAE Central Bank Keeps Base Rate Steady
(MENAFN- Khaleej Times) The Central Bank of the UAE announced on Wednesday that it has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 per …
UAE Central Bank follows Fed in keeping interest rates steady
The UAE Central Bank kept its benchmark interest rate steady, mimicking the US Federal Reserve’s move to maintain its policy rate for the third time this year amid a gradual drop in core inflation.
US Federal Reserve, UAE central bank keeps key interest rate unchanged
Shortly after the Fed’s announcement, the UAE Central Bank said it’s keeping its interest rate unchanged. “The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the …
UAE to pump new investments in Egypt: Emirati investment minister
The UAE is poised to inject additional investments in Egypt across various development sectors, said Mohammed Al-Suwaidy, the country’s minister of investment.
EXCLUSIVE: FIVE hotels to create 50 new “staff millionaires” after IPO
FIVE Holdings will create up to 50 new staff millionaires following its IPO in 2025, the group’s founder Kabir Mulchandani has revealed. In an interview published in Arabian Business, Mulchandani said …
Under President’s leadership, UAE positioned itself as key player in shaping world’s future: Sheikh Mohammed
Sheikh Mohammed meets UAE astronauts Sultan Al Neyadi, Hazzaa Al Mansoori and Mohammad Al Mulla along with the ‘Zayed Ambition 2’ team from the Mohammed Bin Rashid Space Centre (MBRSC).
Ministry of Finance hosts training session on updated internal audit methodology for the federal government
The session was organized by the Financial Policies and Government Accounting Standards Department and attended by audit directors from various ministries and federal entities …
Global investment of $4 trillion needed for net zero emissions by 2050: Experts
The AIM Summit brings together industry leaders to explore trends and opportunities in the alternative investment industry and emphasises the role of the private sector in addressing climate change …
Dubai Financial Market and Tawasal SuperApp partner to boost accessibility and investor engagement
The collaboration between DFM and Tawasal aims to enhance data accessibility The strategic collaboration between Dubai Financial Market (DFM) and Tawasal will greatly enhance users’ access to …
DFM reports strong financial results for 9M 2023, net profit up 109%
The total market capitalisation of DFM increasing from AED576 billion in 9M 2022 to AED697 billion this year Dubai Financial Market (DFM) net profit increased by 109 percent to AED186.2 million ($50.7 …