A multinational group of companies headquartered in Dubai has made its first move into the UK financial services sector with the acquisition of a Black Country business. Aroma Global has purchased …
Kingsway Capital in talks with Big Tobacco over AIR stake sale – sources
DUBAI, June 8 (Reuters) – Britain’s Kingsway Capital has started … The talks are part of a dual-track process, where a seller pursues a sale and an initial public offering (IPO) at the same time.
Dubai CommerCity and Link launch SparkBiz for businesses keen to setup and expand in the region
Dubai CommerCity and Link (Wafi Group) will launch SparkBiz to offer a range of exceptional benefits to businesses keen to enter the region’s market …
UAE Central Bank balance sheet hits record AED594bn in March end
The apex bank said that its balance sheet also increased YoY by 15.2 percent UAE Central Bank balance sheet hits record AED594bn in March end Abu Dhabi, CBUAE, Dubai, financial institutions, Financial …
COP28 in UAE: Dr Sultan Al Jaber meets Ursula von der Leyen for climate talks in Brussels
The two reaffirmed their commitment to facilitate the “highest possible ambition” for the COP28 climate conference scheduled to be held in Dubai …
DIFC mobilises action on climate finance in the run up to COP28
Dubai International Financial Centre (DIFC), a leading global financial centre, is building momentum on the critical role of finance in addressing global sustainability challenges ahead of COP28 at …
Digital Payments: Mastercard, Dapi to Bring A2A Payment Capabilities to UAE
Dapi, a UAE-based fintech company, part of Hub71’s global tech ecosystem, is thrilled to announce a partnership with tech company Mastercard.
UAE central bank’s balance sheet hit all-time-high in March-end
In its budget report for March 2023, the apex bank said that its balance sheet grew by 5.3% on a monthly basis …
Will IPO momentum continue in Gulf markets in the second half?
The number of IPOs in the Middle East and North Africa region reached 51 in 2022, raising $22 billion, a 179% increase from 2021 rates. Latest data from | The Eastern Herald …
Mohammed bin Rashid chairs UAE Cabinet, approves UAE National Sports Strategy 2031
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of H.H. Sheikh …
ChatGPT’s Parent Might Not Get An IPO Anytime Soon: ‘I Don’t Want To Be Sued,’ CEO Sam Altman Says
Microsoft Corp (NASDAQ: MSFT)-backed OpenAI, the company behind ChatGPT, has no plans to go public soon, CEO Sam Altman said at a conference in Abu Dhabi. “When we develop superintelligence, we are …
Dubai International Financial Center mobilizes climate finance efforts ahead of COP28
The summit discusses the financing strategies needed to decarbonize the global economy and brings together under its umbrella some of the brightest minds | The Eastern Herald …
Fitch praises UAE green bond fee exemption
The UAE’s financial regulator announced yesterday it had approved a proposal to halt registration fees for companies listing green and sustainability-linked bonds and sukuks in a local market for 2023 …
Spectrum Talent Management IPO: Check issue dates, GMP, other key things to know
Spectrum Talent Management IPO is an SME IPO and a Book Building Issue. The company plans to raise ₹105.14 crore from the public issue of 60.77 lakh shares.
Sheikh Maktoum meets OpenAI CEO Sam Altman during his UAE visit
The Deputy PM and Minister of Finance discusses ways the UAE government could use ChatGPT and develop AI-driven solutions Sheikh Maktoum meets OpenAI CEO Sam Altman during his UAE visit Artificial …
Aafaq Islamic Finance taps Mastercard to boost credit, prepaid & commercial SME offerings
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
UAE Central Bank cancels registration of two insurance companies
The UAE Central Bank has cancelled the registrations of two insurance companies, Seagull Insurance Services and Al Shorafa Insurance Services. The names of the two insurers were struck off the broker …