Dubai, UAE – Dubai Chambers has signed a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB) to enhance the banking services available to the business community and support the local and …
Bank of Sharjah acts as joint lead manager & bookrunner in a US$ 750mln Sukuk Issuance for the Government of Sharjah
The Sukuk was launched with initial price guidance of US Treasuries plus a spread of +175 basis points area, with final pricing at 140 basis points over U.S. Treasuries …
What to do if your bank blocks end-of-service gratuity owing to an unlisted employer
Banks in the UAE usually temporarily withhold an employee’s end-of-service benefits, if a person is changing jobs while still repaying loans or other financial commitments. Often, the payout is …
Hafeet Rail announces $1.5bn finance deal as it looks to connect UAE and Oman by train travel
Hafeet Rail has announced $1.5bn in financing as it looks to connect the UAE and Oman by train transport.
UAE: Bank financing agreement for ‘Hafeet Rail’ network valued at $1.5bln
A single freight train journey on the network is expected to transport more than 15,000 tonnes of cargo, or approximately 270 standard containers …
UAE: Track crypto transfers to help fight money-laundering, Central Bank tells providers
The UAE and other central banks around the world have been tightening regulations around virtual assets due to their use for illicit trade …
UAE: Bank financing agreement for ‘Hafeet Rail’ network valued at $1.5bln
A single freight train journey on the network is expected to transport more than 15,000 tonnes of cargo, or approximately 270 standard containers …
UAE-Oman ‘Hafeet Rail’ project secures $1.5 billion financing
The railway will cut travel time between Abu Dhabi and Sohar to just 100 minutes, with passenger trains reaching up to a speed of 200 kmph …
UAE leads in wealth market growth as HNWI influx surges
The UAE, which is set to be the world’s leading wealth magnet for the third year in a row in 2024, is on track to become the sixth largest cross-border fi..
Alieus Hedge Fund Raises USD 5 Million in 30 Days Since Launch, Breaks Records After Dubai Event
VMPL Dubai [UAE] October 9 Alieus Hedge Fund has raised a remarkable USD 5 million within just 30 days of its launch on September 7 2024 following an exceptionally successful event in Dubai This rapid …
Alieus Hedge Fund Raises USD 5 Million in 30 Days Since Launch, Breaks Records After Dubai Event
VMPL Dubai [UAE] October 9 Alieus Hedge Fund has raised a remarkable USD 5 million within just 30 days of its launch on September 7 2024 following an exceptionally successful event in Dubai This rapid …
Alieus Hedge Fund Raises USD 5 Million in 30 Days, Sets New Record After Dubai Launch
Ashish Jain, the fund has gained global attention for its innovative approach to investment and networking.
Dubai Launches cashless strategy: Paving the way for a digital financial future that fuels innovation and investment
Hamad Obaid Al Mansoori: The ‘Dubai Cashless’ initiative is a vital extension of our vision of building a comprehensive digital life for all, solidifying Dubai’s position as a global digital capital …
GCC IPO pipeline: Robust Q4, with tech firms to take the spotlight in 2025
The kingdom’s Fourth Milling Company (MC4) is ready with its float of 162 million shares, or 30% of the capital, in an IPO on the Main Market, which opened subscription for its retail portion on 2 …
Exclusive-Cerebras likely to postpone IPO due to CFIUS review delay on G42 deal, sources say
By Echo Wang, Max A. Cherney and Krystal Hu NEW YORK (Reuters) -Cerebras Systems is likely to postpone its IPO, after facing delays with a U.S. national security review on UAE-based tech conglomerate …
OQEP says IPO is oversubscribed amid flurry of Gulf IPOs
OQ Exploration and Production — Oman’s largest pure play oil and gas exploration company — announced that its IPO was oversubscribed across its full price range on Monday. The IPO is now set to be the …
Wynn Resorts sets high financial targets for its UAE property under development
Wynn Resorts (WYNN) announces plans for new luxury resort in UAE, expecting revenue of $1.38-$1.88 billion and strong return on invested capital.