KSA dominated listing activity with three IPOs The third quarter saw the region’s first non-GCC listing this year in Egypt Dubai, UAE – According to the EY MENA IPO Eye Q3 2024 report, listings in the …
Why Dubai’s crypto future is female led
Dubai’s strategic focus on inclusivity has allowed women to step into critical roles, contributing to the global crypto economy …
UAE debt market registers 13.1% YoY growth, Fitch Ratings says
The growth in the country’s debt capital markets demonstrates its expanding financial landscape and its strategic role in the global Islamic finance market …
UAE’s Adnoc Agrees 15-Year LNG Supply Deal With Germany’s SEFE
(Bloomberg) — Abu Dhabi National Oil Co. agreed to sell liquefied natural gas to Germany’s SEFE for 15 years starting 2028, a deal that expands the United Arab Emirates’ efforts to become a key …
How much does it cost to raise a child in the UAE? Experts answer
From school costs, housing, and insurance, there’s a lot of factors to consider, experts told Arabian Business …
UAE’s FasterCapital launches global funding programme for EV startups
UAE-based FasterCapital unveiled a new initiative on supporting and funding electric vehicle (EV) startups worldwide. The initiative, part of FasterCapital’s Raise Capital programme, aims to empower …
Lulu Retail Boosts IPO Size to 30% Amid High Investor Demand
Dubai Lulu Retail Holdings, the prominent Middle Eastern retail chain, expanded its IPO on the Abu Dhabi Securities Exchange (ADX) from 25% to 30% due to substantial investor interest. This adjustment …
Dubai Financial Services Authority slaps $100,000 fine on firm for unauthorised and misleading financial promotions
The Dubai Financial Services Authority (DFSA) published on Tuesday a Decision Notice against Vedas International Marketing Management (Vedas Marketing) for unauthorised and deceptive financial …
UAE jobs: Salaries to see ‘decent increase’ in these roles in 2025
Apart from pay, other priorities for employees here are work-life balance, flexible work arrangements, living allowances and commute time …
UAE’s debt capital markets demonstrated robust growth with a 13.1% YoY increase: Fitch Ratings
DUBAI: Bashar Al Natoor, Managing Director & Global Head of Islamic Finance at Fitch Ratings, stated that the UAE’s debt capital markets (DCMs) have demonstrated robust growth with a 13.1 percent year …
GCC IPO Market Maintains Momentum Despite Q3 Decline, PwC Reports
Dubai The IPO market in the Gulf Cooperation Council (GCC) region is forecasted to maintain its growth trajectory into 2024, as demand for public offerings remains strong across sectors. Despite a …
Dubai Islamic Bank nine month 2024 group financial results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending September 30, 2024. Group Pre-Tax Profit registered AED 6,002 million up 23% YoY, …
Amlak Finance announces Q3 2024 financial results
Dubai, UAE: Amlak Finance PJSC today announced its Q3 2024 financial results for the period ended September 30, 2024. The company focused on prudently managing its operations and balance sheet.
UAE: Al Ramz Corporation’s net profits exceed $2.4mln in 9M-24
Al Ramz Corporation Investment and Development logged net profits valued at AED 9.20 million in the first nine months (9M) of 2024, compared with AED 21.62 million in 9M-23. Net finance income hit AED …
UAE banking sector hits all-time-high of Dhs502.6 billion in capital, reserves
National banks have the lion’s share accounting for 86.3% of the total capital and reserves, reaching Dhs433.7 billion by July 2024, reflecting a year-on-year growth of 10.4%.
UAE banking sector hits all-time-high of $136.94bln in capital, reserves
According to the latest data released by the Central Bank of the UAE, the sector’s capital and reserves witnessed a substantial year-on-year growth of 10.5% …
Dubai watchdog DFSA slaps $100,000 fine on marketing firm for misleading financial promotions in DIFC
The Dubai Financial Services Authority (DFSA) has issued a Decision Notice against Vedas International Marketing Management for conducting unauthorised financial promotions and making misleading …