With present economic uncertainty in India and the absence of investment incentives, specially in the real estate industry, investors in the country are seeking other opportunities that promise …
UAE: Abu Dhabi’s Purehealth IPO Fully Subscribed On Opening Day
The much-anticipated Abu Dhabi-based PureHealth Holding’s initial public offering (IPO) saw robust interest on the first day of the subscription per …
PureHealth IPO fully subscribed on first day
Abu Dhabi: PureHealth Holding PJSC (Public Joint Stock Company under incorporation; the “Company”), the largest healthcare platform in the Middle East, has confirmed robust interest in its Initial …
UAE banks pledge $270 bln in green finance at COP28 climate talks
Banks in the United Arab Emirates on Monday pledged to mobilise 1 trillion dirhams, or around $270 billion, in green finance, the chair of the country’s banking federation told the COP28 climate talks …
UAE’s e& secures Dhs366m loan for green projects
Group said the loan will be used to finance or refinance eligible sustainable development projects, including renewable energy.
RAKBANK to contribute to the UAE banking sector’s 2030 pledge of AED 1trln sustainable finance at COP28
Raheel Ahmed, Group CEO of RAKBANK, said “We are proud to be a valuable contributor to UBF’s 2030 sustainable finance vision. In line with this special occasion, RAKBANK is announcing ambitious plans …
UAE’s retail investors made 2023 the ‘Year for IPOs’
As year’s second biggest UAE IPO – PureHealth – opens, investors keep eye on LuLu in ’24 DFM is up for its second best year since 2013, with IPOs from Dubai Taxi, Al Ansari Financial Services lighting …
UAE’s new insurance law: Minimum $13,623 claim value mandatory to appeal against dispute committee decision
Expert says that new unit will act as Court of First Instance, reduce number of steps taken to reach resolution
ADB to provide $10-B climate finance for Philippines
The Asian Development Bank (ADB) said on Monday it will allot $10 billion in climate finance for the Philippines between 2024 and 2029. The funds will help the Philippines implement its commitments to climate action under the Paris Agreement,
UAE Banks Pledge USD 270 Bn In Sustainable Finance
The United Arab Emirates Banking Federation announced this Monday (04) that the country’s banking sector will mobilize AED 1 trillion (about …
UAE National Banks’ Pledge To Mobilise Over AED 1 Trillion In Sustainable Finance, Reaffirming UAE Leadership’s Goals: UBF
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Emirati Banks Top COP28 Green Finance Pledges
Climate finance is one of the hot topics of this year’s COP28 conference in Dubai. On Monday, the United Arab Emirates’ banking sector took center stage when it pledged to mobilize over $270 billion in green finance by 2030. “Banks in the region …
UAE’s First Abu Dhabi Bank commits $135bln in sustainable finance by 2030
The UAE’s largest bank, First Abu Dhabi Bank (FAB), on Tuesday … and represents the “largest sustainable finance commitment made by any MENA bank to date”, FAB claimed in a statement on Tuesday. The bank will expand its target to include transition …
Phoenix Group PLC Celebrates Historic IPO on Abu Dhabi Securities Exchange
Phoenix Group PLC’s public debut on ADX represents a significant leap in innovation and growth for the tech and blockchain sector. The IPO marks a major achievement in the history of the Middle East’s …
Crypto firm Phoenix rising after Abu Dhabi $370m IPO
Phoenix Group’s initial public offering (IPO), demonstrates strong market confidence with a remarkable 33 times oversubscription, amassing $370m. The offering attracted significant attention from …
National Bank of Fujairah shares insights into sustainable finance and ESG strategies through its knowledge-sharing platform
Experts in sustainability and Islamic finance help NBF customers and delegates navigate the transition to net-zero, in the ‘Year of Sustainability’ for the UAE
Wio Bank PJSC the first bank to launch Mastercard Carbon Calculator in EEMEA
The Carbon Calculator enables the bank to provide customers with carbon footprint data and insights about the impact of their purchases