On mitigation, “let’s not reinvent the wheel,” Dr. Al Jaber said, calling on Parties “to follow through on what we all signed up to” at COP28. “The UAE Consensus is the road back to Paris ,” he said.
Dubai Chambers and Dubai Islamic Bank sign MoU to support business growth in local and global markets
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 …