Talabat’s landmark initial public offering (“IPO” or the “Offering”), which raised gross proceeds of c. AED 7.5 billion (c. USD 2.0 billion) through the offering of 20% of the Company’s total issued …
Talabat Drops in Dubai Debut After Gulf’s Biggest 2024 IPO
Talabat Holding Plc’s shares lost ground after the food delivery firm’s $2 billion initial public offering in Dubai, adding to a slate of recent disappointing debuts for listings in the Middle East.Mo …
Marshall Wace Joins UAE Hedge Fund Rush With Abu Dhabi Office
Marshall Wace, one of London’s biggest hedge funds, has joined the flurry of global investment firms expanding to the United Arab Emirates capital.
Marshall Wace latest hedge fund to open Abu Dhabi office
Marshall Wace also has offices in London, New York, Hong Kong, Shanghai and Singapore. The firm runs assets across quantitative, systematic and fundamental strategies, specializing in long/short …
DIFC strengthens its position as top financial hub
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has strengthened …
UAE: Talabat shares drop 6.8% on Dubai market debut
Talabat was the last big company in a series of initial public offerings (IPOs) that hit the UAE markets this year …
New UAE tax: What will the impact be on companies?
The UAE’s new 15 per cent tax on large multinational companies didn’t come as a shock to many corporates, according to analysts. And despite a short-term impact on profits, experts say it offers …
Talabat plunges over 7.5% in Dubai trading debut after $2bn IPO
Talabat Holding’s shares opened at Dhs1.70, higher than the price at which Germany’s Delivery Hero sold 4.7 billion shares last month.
Marshall Wace Joins Abu Dhabi Hedge Fund Rush With New Office
Marshall Wace, one of London’s biggest hedge funds, has joined the flurry of global investment firms expanding to the United Arab Emirates capital.
Wio Bank could double retail customer numbers in 2025
The UAE-based digital bank Wio Bank is looking to double its retail customer numbers in 2025 and significantly boost its SME customer base.
The first AED stablecoin receives approval from Central Bank
The first AED (UAE Dirham) stablecoin has been approved by the Central Bank of the UAE and is set to launch soon. In an X post, AE Coin noted that it will be the first local stablecoin to be accepted …
Dubai Securities and Exchange Higher Committee reviews successes as DFM market cap reaches $218bn amid international investor surge
These achievements underscore Dubai’s appeal as a premier market for public listings. Since the establishment of the Higher Committee, the DFM has hosted a total of 10 listings, raising more than …
UAE, Saudi to post strong credit growth in 2025: Fitch
Saudi Arabia and the UAE are expected to post strong credit growth next year on the back of high oil prices, according to Fitch Ratings. The increase will also be supported by continued expansion in …
UAE to impose 15% minimum top-up tax on large multinationals from January
The United Arab Emirates said on Monday it will impose a domestic minimum top-up tax (DMTT) of 15% on large multinational companies operating in the country starting on or after Jan. 1, 2025 as it …
UAE set to roll out 15% tax for global corporate giants
The UAE will impose a minimum top-up tax of 15 per cent on large multinational companies operating in the country from next month …
Al Ahli Bank of Kuwait Wins Three International Business Magazine Awards
Al Ahli Bank of Kuwait (ABK) has been honoured with three prestigious awards from International Business Magazine during a grand ceremony held at Atlantis The Palm, Dubai. The event was attended by …
UAE leads Gulf IPO boom in 2024
Food delivery service Talabat’s $2 billion offering cements Dubai’s position as the top listing hub in the region.