Lulu Retail Holdings Plc’s shares fell after its $1.72 billion initial public offering, a rarity in the Middle East where listings have typically offered stellar returns in early trading.Most Read …
Neuberger Berman taps GSAM for Middle East, North Africa and new markets head
Khalid Albdah was named as head of Middle East, North Africa and new markets at Neuberger Berman, a spokesperson confirmed. Albdah replaces Kaveh Samie, who was named as a partner at Patient Square …
Dubai real estate: $87m One Park Square development in Jumeirah Village Circle sells out in 4 hours
Dubai real estate firm IMAN developers sold out its One Park … IMAN Developers offered flexible payment plans tailored to suit a variety of financial needs. The payment structure includes 20 per …
UAE Denounces Israeli Minister’s West Bank Sovereignty Plan
The United Arab Emirates has issued a strong condemnation of Israeli Finance Minister Bezalel Smotrich’s recent comments advocating for Israeli sovereignty over the Occupied West Bank by 2025.Read …
UAE expats increasingly remitting money to digital wallets, back accounts
Expatriates in the UAE – especially those from Bangladesh, India, Pakistan and other Asian countries – are increasingly remitting money to digital wallets and bank accounts, thanks to the arrival of …
LuLu opens latest hypermarket following mega IPO launch; aims to open 100 stores across GCC
LuLu has officially opened its newest hypermarket in Dubai’s Motor City, marking an important milestone following its highly successful Initial Public Offe..
Visa launches flexible payment feature in US, UAE to meet growing demand
Card issuing major Visa announced rolling out a flexible payment feature in the US and the UAE, in a bid to capitalise on the growing demand for a variety of transaction options.
UAE car owners, fleet operators feel pain of ‘co-insurance’ cost in motor policies
One where you are at fault? Then co-insurance payments can really start to hurt. Image Credit: Shutterstock Dubai: It’s not just motor insurance premiums that are zooming higher in the UAE – even the …
UAE to host High-Level OECD Budget Officials Meeting for MENA Region
The event aims to bolster cooperation and knowledge-sharing among regional decision-makers on public financial management and budgeting …
DOF and ACCA Sign MoU to Launch ACCA Cert PFM for Public Finance Professionals
Dubai Finance and the Association of Chartered Certified Accountants (ACCA) have signed a Memorandum of Understanding (MoU) to launch the Certificate in Public Finance Management (PFM) aimed at …
Paymentology announces strategic partnership with Zand Bank to Accelerate fintech growth in the UAE
Dubai, United Arab Emirates – Paymentology, the leading global issuer processor, has signed a referral partnership with Zand Bank, the UAE’s first fully licensed, all-digital bank. This collaboration …
UAE: Mbank launches Aani Instant Payment Platform
This collaboration aligns with the country’s commitment to providing trusted and reliable payment solutions to the community through instant and secure digital payment transactions – 24 hours a day, s …
Talabat Plans IPO On Dubai Financial Market By Mid-December
Talabat, the Middle Eastern food delivery platform owned by Germany’s Delivery Hero, plans to launch an initial public offering (IPO) on the Dubai Financial Market (DFM) by mid-December 2024. The IPO …
Man posing as Dubai prince left victims in ‘financial nightmare,’ feds say
Alex Georges Tannous, 39, pleaded guilty to one count of wire fraud, according to a Nov. 7 news release from the U.S. Attorney’s Office for the Western District of Texas. He was sentenced to 20 years …
UAE: Ministry of Finance, New Development Bank co-organise high-level technical workshop
The Ministry of Finance, in partnership with the Independent Evaluation Office of the New Development Bank (founded by the BRICS countries), co-organised a high-level technical workshop in Dubai under …
We Must Unlock Greater Access to Climate Finance at COP29 to Deliver on the UAE Consensus
Determination conquered doubt in Dubai, now we need a new goal on climate finance to be agreed at this year’s climate summit in Baku.
COP28 President calls on parties to drive and deliver the UAE consensus
Dr. Sultan Al Jaber today formally handed over the UAE’s COP Presidency to Azerbaijan on the first day of COP29 …