Alec Holdings announced on Wednesday the final offer price of its initial public offering, pricing it at the top end of Dh1.4 per share, raising Dh1.4 billion. The engineering and construction group …
Alec Holdings prices IPO at top end of price range, raising Dh1.4 billion
Alec Holdings announced on Wednesday the final offer price of its initial public offering, pricing it at the top end of Dh1.4 per share, raising Dh1.4 billion. The engineering and construction group …
Dubai’s ALEC Holdings sets final IPO price; to raise $381mln
ALEC Holdings, a Dubai-based engineering and construction group, has set the final offer price for its initial public offering (IPO) at 1.40 dirhams ($0.38) per share, the top end of the announced …
Alec Holdings PJSC prices its IPO at the top end of the price range
The final offer price for the initial public offering (“IPO”) of 1,000,000,000 (one billion) ordinary shares of ALEC Holdings PJSC has been set at AED 1.40 per share, which is the top end of the …
PRESS RELEASE: Global Finance Names The Safest Banks In The Middle East 2025
Global Finance has announced the Safest Banks in the Middle East as part of its 34th annual ranking of the World’s Safest Banks. The full list is included here and will be published in the November …
Workday Lands in the UAE with an AI Platform Built for People, Money, and Agents
Workday will open a Dubai office and bring its enterprise AI platform for HR, finance and agents to the Middle East. Here’s what changes for UAE businesses.
eToro Teams with Lean to Deliver Instant AED Bank Transfers for UAE Investors
We’re proud to be one of the first global investing platforms to bring instant bank transfers to customers in the UAE. Open banking is a powerful innovation …
Miami, Dubai Lead Global Real Estate Bubble Risk Surge As Prices Soar Despite Cooling Markets, UBS Warns
Miami, Dubai top UBS 2025 Global Real Estate Bubble Index, signaling elevated risks. Miami exhibits highest bubble risk.
BECO Capital raises $370M for two funds
Dubai based BECO capital has raised $370 million across two funds – $120 million for BECO Fund IV, the firm’s fourth early-stage fund, and a $250 million Growth Fund.
CBUAE and Dubai Finance sign MoU to develop UAE’s capital markets
This MOU will enable Dubai Finance Department to utilize the Central Bank’s advanced financial infrastructure to issue dirham denominated government bonds and complementing efforts in developing the c …
Surge in Q2 bank lending signals robust UAE economic growth
The UAE banking sector has continued to power ahead, reporting strong credit growth, solid profitability and improved efficiency in the second quarter of 2025 — a performance that underscores the …
NBF celebrates winners of Business Banking FX Campaign
The campaign was designed to recognise and celebrate clients’ ongoing engagement with NBF’s FX products and advisory services …
UAE to launch electronic invoicing system in July 2026 with phased rollout to 2027
The UAE Ministry of Finance confirms phased implementation of its electronic invoicing system, starting with a pilot on July 1, 2026 …
HDFC Bank’s DIFC branch restricted from onboarding new clients
Dubai Financial Services Authority raised concerns regarding the branch’s practices in offering financial services to customers.
Alvarez & Marsal releases Q2 2025 UAE Banking Pulse
Lending momentum continues with 5.0% quarter-on-quarter (QoQ) growth in net loans, while deposit growth slows to 2.8% …
eToro partners with Lean to provide instant AED bank transfers to UAE customers
This eliminates tedious steps like filling in card details and switching between apps, reducing unnecessary friction and the risk of manual error, significantly streamlining the funding process …
UAE Imposes Tough Penalties to Combat Financial Crime
The UAE’s Financial Intelligence Unit has increased its output of actionable intelligence cases intended for legal action by a staggering 339%.