Contact Financial Holding, Egypt’s leading non-banking financial services provider, has taken a significant step toward international expansion by opening its first branch in Dubai and establishing …
UAE emerges as key player in global development, strengthens role in China’s Belt and Road Initiative
The United Arab Emirates has emerged as a key player in regional and global development driven by its visionary leadership strategic location and f …
RAKBANK marks milestone with its first Central Bank Digital Currency transfer via mBridge
RAKBANK has become one of the first banks in the UAE to execute a cross-border Central Bank Digital Currency (CBDC) payment using mBridge …
Oman state-run oil firm OQ will make initial public offering and potentially seek billions
An Omani state-run oil and gas company announced Monday it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward …
JPMorgan Sets Up Dubai Private Banking Team Amid Rich People Inflow
As a large number of wealthy individuals are moving to the Gulf, JPMorgan JPM sets up a private banking team in Dubai, the Gulf’s financial hub, to provide wealth management services. The news was …
DIFC pioneers new initiatives to support influx of wealth and asset management firms
The DIFC Funds Centre is the latest strategic initiative designed to develop the wealth and asset management sector, with other recent action plans including partnerships with the Alternative …
Nasdaq Dubai welcomes $400mln Green Bond from Bank of China
Notably, the Floating Rate Notes have been issued as Green Bonds, wherein the issuer intends to use the net proceeds to finance or refinance eligible green projects …
Oman state-run oil firm will make initial public offering, potentially seek billions
An Omani state-run oil and gas company says it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in the …
Nasdaq Dubai welcomes $400 million Green Bond from Bank of China
Nasdaq Dubai on Monday welcomed US$400 million Green Bonds by the Bank of China (Dubai Branch), one of China’s four biggest state-owned commercial banks.
Nasdaq Dubai welcomes $400 million Green Bond from Bank of China
Nasdaq Dubai on Monday welcomed US$400 million Green Bonds by the Bank of China (Dubai Branch), one of China’s four biggest state-owned commercial banks.
UAE’s GDP grew estimated 3.4% in Q1- state news agency
The United Arab Emirates’ economy grew 3.4% in the first quarter of 2024 compared with the same period the previous year, according to preliminary government estimates reported by the state news …
Dubai real estate: Binghatti unveils 770-unit luxury residential project in Al Jaddaf
Dubai-based property developer Binghatti has unveiled its latest project, Binghatti Ghost, in Al Jaddaf. The development marks the company’s return to the area after a two-year absence, driven by …
Network International partners with ruya Bank to revolutionise Islamic banking with digital payment technology
UAE: Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has announced a strategic partnership with ruya, the UAE’s digital-first Islamic community …
Tolins Tyres IPO opens today: Should you apply for the issue?
The IPO’s valuation appears reasonable … Tolins benefits from better margins through strategic rubber stockpiling and tax efficiencies via its UAE subsidiary, said Canara Bank Securities. “Apollo …
UAE: Invest Bank logs $26mln net profits in H1-24
Net interest income hiked year-on-year (YoY) to AED 92.76 million in H1-24 from AED 45.97 million, according to the financial results. Earnings per share (EPS) hit AED 0.0004 in the first six months …
Russian cash threatens to price British expats out of Dubai
British expats are being priced out of Dubai as property is snapped up by wealthy Russians following the Ukraine invasion. Since 2022, Russian nationals have bought up $6.3 billion (£4.8 billion) in …
NMDC Group’s IPO of NMDC Energy closes 31.3 times oversubscribed, generating total gross demand of AED 88 billion
NMDC Group, a leader in engineering, procurement, construction, and marine dredging, today announces the successfu …