ADNOC said it has increased the number of ordinary shares offered in the IPO of its gas unit to 3.8 billion, approx …
Salik’s road to IPO success
In its first foray into the market, the sole operator of Dubai’s automated road toll collection system saw its retail tranche 190 times oversubscribed.
Dubai’s economy knows only one word: success
Arian Eghbali, the CEO of Enrich Financial, shares his insight’s into Dubai’s economic future Dubai’s economy knows only one word: success Dubai, Dubai businesses, Dubai economy, entrepreneurship, …
UAE’s green, sustainable finance issuance grew by 32 per cent in 2022
UAE registered a 32 per cent year-on-year growth in green and sustainable finance issuance in 2022, as ESG reporting has increased.
Banking and Oil & Gas brands lead growth for UAE brands
The United Arab Emirate’s top 50 most valuable and strongest brands are included in the annual Brand Finance UAE 50 2023 ranking …
Korea seeks ‘win-win’ opportunities under UAE’s mega-investment project: finance minister
Korea is seeking to lift potential hurdles for the mega investment pledge made by the United Arab Emirates (UAE) last month, the finance minister said Tuesday, to create …
UAE Central Bank revokes exchange house’s licence for misconduct
The UAE Central Bank has revoked the licence of an exchange house operating in the Emirates and struck its name off the register for regulatory misconduct and weak compliance. The sanctioning of the …
Edmond de Rothschild expands presence in Dubai
Swiss-based Edmond de Rothschild Group, which specialises in asset management and private banking, is expanding its presence in Dubai with an advisory office as it looks to the fast-growing Middle …
Edmond de Rothschild broadens UAE presence with new office in DIFC
Ltd. will be able to locally advise clients and ensure access to the group’s offerings Edmond de Rothschild broadens UAE presence with new office in DIFC advisory services, DIFC, Dubai, Dubai …
S. Korea seeks ‘win-win’ opportunities under UAE’s mega-investment project: finance minister
South Korea is seeking to lift potential hurdles for the mega investment pledge made by the United Arab Emirates (UAE) last month, the finance minister said Tuesday, to create “win-win” opportunities …
Bank of Baroda clarifies viral social media post on closure of UAE’s Al Ain branch
Bank of Baroda will close its Al Ain branch in UAE from March 22, 2023, and has clarified on a viral social media post about long queues outside the branch.
UAE Central Bank revokes exchange house licence amid misconduct
CBUAE revokes exchange house licence amid money-laundering crackdown UAE Central Bank revokes exchange house licence amid misconduct anti-money laundering, anti-money laundering (AML), CBUAE, Central …
UAE Central Bank revokes exchange company’s licence over serious violations
This is the second company whose licence has been cancelled this month; another firm was fined Dh1.8 million earlier for not adhering to regulations …
ADNOC raises gas unit IPO stake being offered to 5% -statement
Abu Dhabi National Oil Co (ADNOC) will increase the stake in its gas business being offered in an initial public offering to 5% from 4%, the state oil giant said on Monday. ADNOC made the decision …
UAE records 32% growth in green & sustainable finance, reports Arthur D. Little
Arthur D. Little reveals $24.55 billion was generated MENA-wide in green and sustainable finance for 2021, grounding a strong ESG momentum across the region. In the UAE alone, ESG reporting multiplied …
Bank of Baroda clarifies decision to close Al Ain branch in UAE taken a year ago; refutes social media rumors
Bank of Baroda (BoB) said it had taken a commercial decision to close its Al Ain branch in UAE a year ago and has received approvals from the country’s central bank and a photo that is being …
BoB: Will shut UAE branch, no Adani link
Images of queues at the bank’s Al Ain branch have been shared on social media, attributing them to the bank’s exposure to the Adani Group. The bank has termed the social media posts as “false and …