Long-haul carrier Emirates opened the Dubai Air Show on Monday with a $52 billion purchase of Boeing Co. aircraft, showing how aviation has bounced …
Dubai Taxi Company to offer 24.99% stake in IPO
Dubai Taxi Company (DTC) will offer 624.75 million shares, or 24.99% of its capital, in an IPO as the Dubai government announced its intention to float its transport unit …
Mastercard partners with Dubai Bank on cross-border payments
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Dubai to offer 25% of taxi operator in IPO, testing market appetite
which are expected to list on the Dubai Financial Market in December. The subscription period for the IPO will run from Nov. 21 to Nov. 28 for retail investors in the United Arab Emirates, and Nov. 29 …
National Bank Of Fujairah Takes Home Three Awards At MEA Finance Industry Awards 2023 In Dubai
NBF recognised for regional excellence, service, and leadership in corporate banking sector. National Bank of Fujairah (NBF) has once agai …
Boeing Shares Take off on Report That China May Lift 737 Freeze, Bumper Dubai Orders
Shares of Boeing rose on Monday after a report said China was considering ending its freeze on purchases of the planemaker’s best-selling 737 MAX aircraft after more than four years. This, coupled …
Dubai Taxi Company set for big IPO, plans DFM listing
and to list its ordinary shares for trading on the Dubai Financial Market (DFM). Under this, a total of 624.7 million shares (each with a nominal value of AED 0.04) will be made available in the …
Nasdaq Dubai celebrates listing of $1.5 billion Green Sukuk by DP World
Nasdaq Dubai has welcomed the listing of a US$1.5 billion Green Sukuk by DP World, a leading provider of global end-to-end supply chain solutions. The dually listed Sukuk issuance proceeds will be …
UAE sustainable finance working group launches the ‘Principles for the effective management of climate-related financial risks’
The Principles were developed by the UAE Sustainable Finance Working Group (SFWG) and are a declaration of common understanding among the group members on the minimum standards for the management of …
Dubai Islamic Bank advocates for climate action at COP28 as an Associate Pathway partner
Dubai Islamic Bank (DIB) will participate in COP28 with a greenled strategy, emphasizing its pledge to sustainability and climate action …
UPDATE 1-Dubai to offer 25% of taxi operator in IPO, testing market appetite
DUBAI, Nov 13 (Reuters) – Dubai plans to offer 25% of shares in its taxi business through an initial public offering (IPO), the company said in a statement on Monday, the latest public share sale as part of a broader privatisation programme of state assets.
Dubai to offer 25% stake in taxi business in planned IPO
DUBAI, Nov 13 (Reuters) – Dubai plans to offer 25% of shares in its taxi business through an initial public offering (IPO), the company said in a statement on Monday, as part of a broader privatisation programme of state assets. Dubai Taxi Company …
Dubai Taxi IPO: When to buy shares, rates – Everything we know so far
Aside from Dubai Taxi’s IPO announcement, recent IPO announcements in the UAE include Investcorp Capital Plc, which raised $451 million and Phoenix Group, a cryptocurrency mining hardware retailer, …
UBA Take Over Dubai-Based Stallion Group’s Assets Over N156 Billion Debt, Lists Kuda, Opay, Others
The United Bank for Africa has taken over the assets of a Dubai-based Stallion Group over an N156 billion judgment debt by a Federal High Court in Lagos.
Mastercard collaborates with Dubai Islamic Bank to introduce cross-border payment services
The collaboration leverages Mastercard Cross-Border Services to enable the bank to provide real-time remittances through its digital channels across more than 40 countries worldwide …
Dubai Taxi IPO: Shares, prices, dividends, who can buy; all your questions answered
A law announced on Sunday recognises the transport solutions provider as a public joint-stock company with financial and administrative independence …
Lawsuit Alleges ByBit, Several Execs Used Fraudulent Scheme To Withdraw Nearly $1B From FTX Before Collapse
The defendants were able to withdraw a whopping $953 million after allegedly pressuring FTX employees to speed up their requests and while regular customers faced delays.