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Tag: finance

Posted on 04/11/2024

UAE agenda at COP29: Climate financing, follow up on last year’s pledges

Climate financing and backing deals that protect individuals against the dire results of climate change are on top of the UAE agenda at COP29. Kicking off on November 11 at the Azerbaijan capital, …

Posted on 04/11/2024

UAE agenda at COP29: Climate financing, follow up on last year’s pledges

Climate financing and backing deals that protect individuals against the dire results of climate change are on top of the UAE agenda at COP29. Kicking off on November 11 at the Azerbaijan capital, …

Posted on 04/11/2024

The Cabinet underscores the importance of the UAE Government Annual Meetings

The Cabinet emphasised the significance of the UAE Government Annual Meetings as a pivotal national gathering that embodies the spirit of a united national team. These meetings review and discuss the …

Posted on 04/11/2024

Yusuff Ali’s Lulu Retail raises IPO size from 25% to 30% amid soaring investor demand

Lulu Retail, part of Lulu Group International led by prominent Non-Resident Keralite MA Yusuff Ali, has raised its initial public offering (IPO) size on the Abu Dhabi Securities Exchange from 25% to …

Posted on 04/11/2024

Lulu Retail increases IPO size to 30% as it seeks to raise up to $1.72 bln

Lulu Retail Holdings, which runs one of the Middle East’s hypermarket chains, said on Monday that it has increased the size of its planned initial public offering (IPO) to 30% from 25% due to high …

Posted on 04/11/2024

Top Grocer Lulu Boosts Size of Abu Dhabi IPO to $1.72 Billion

Lulu Retail Holdings Plc increased the number of shares on offer in its Abu Dhabi initial public offering, and now targets raising as much as $1.72 billion in the United Arab Emirates’ biggest listing …

Posted on 04/11/2024

Lulu’s Abu Dhabi IPO Set to Price at Top, Raising $1.43 Billion

Lulu Retail Holdings Plc’s Abu Dhabi initial public offering is likely to price at the top end of a planned range and raise $1.43 billion, making it the United Arab Emirates’ biggest listing of the …

Posted on 04/11/2024

UAE: Central Bank announces M1 increase to $242.1bln

The money supply aggregate M2 increased by 1.7%, from AED2,169.4 billion at the end of June 2024 to AED2,205.9 billion at the end of July 2024 …

Posted on 04/11/2024

Entrust Capital secures $100mln for eiic cornerstone investment in Lulu IPO

The firm has secured an advisory role to Emirates International Investment Company LLC (EIIC) with a US $100 million cornerstone investment in the Lulu IPO. This transaction is EIIC’s second …

Posted on 04/11/2024

ICapital further expands its presence in the Gulf region, one of the world’s fastest-growing wealth markets

iCapital continues to solidify its position in the GCC region by partnering with MPW, offering its leading technology and alternative investment solutions, including private equity, private credit, …

Posted on 04/11/2024

The UAE opens its annual oil-and-gas summit, pledging to increase output even as prices have fallen

ABU DHABI, United Arab Emirates (AP) — The United Arab Emirates opened its annual oil-and-gas summit on Monday with pledges to increase energy output even as global prices have fallen and world …

Posted on 04/11/2024

Dubai houses 6,500 tech millionaires during first half 2024

Dubai, the world’s top magnet for high-net-worth individuals, is home to 6,500 technology millionaires as of June 2024, the second highest in the Middle East, according to new data.“This number is …

Posted on 04/11/2024

Dubai issues new mortgage law to regulate sector

The new law is basically covering the mortage procedures in Dubai … All property purchases happening off plan for example and all financing must be registered at the land department,’ said Ghalita.

Posted on 03/11/2024

UBA announces new branch in UAE after massive profit

UBA Plc, has begun expanding its operations in the Middle East with the goal of establishing a subsidiary in Saudi Arabia, the largest economy in the area.

Posted on 03/11/2024

Ministry of Finance commemorates Flag Day, celebrating national loyalty and unity

Reaffirming their commitment to the nation and its leadership under President His Highness Sheikh Mohamed bin Zayed Al Nahyan …

Posted on 02/11/2024

Some UAE expats lose savings, get travel ban after falling for immigration scams

Sam Bayat, a seasoned attorney and founder of the Dubai-based Bayat Group, a law firm established in 1993, shared a case where an immigration consultant in Karama printed fake bank statements for …

Posted on 01/11/2024

CEO’s post comparing Singapore & Dubai goes viral

He called Singapore “The billionaire’s hub (in flip-flops)” while dubbing Dubai “The tax-free oasis (in Lamborghinis).” …

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