The UAE-based Al Seer Group LLC is offering 900,000,000 shares, or up to 25% stake, of Dubai-based supermarket chain Spinneys Holding in an IPO. The IPO will open for subscription on April 23 and the …
FIVE hotel group chief keeps watch on risk of MidEast flare-up as it eyes IPO
Dubai party hotel operator FIVE Holdings is concerned about escalating tensions in the Middle East but has not seen disruptions from the weekend’s Iran attack, its chairman told Reuters on Monday, as …
World Bank raises UAE GDP growth forecast to 4.1% next year
The World Bank has raised its forecast for the UAE’s real GDP growth to 3.9 per cent in 2024, compared to its previous forecast in January of 3.7 per cent.
Spanish fashion retailer Tendam aims for IPO before February 2025, CEO says
MADRID (Reuters) -Spanish fashion retailer Tendam plans to launch an initial public offering by the end of its financial year next February, its CEO Jaume Miquel told Reuters on Monday. “It seems like …
Hedge fund trader Shah behind $1.8 bln Danish tax fraud, UK court told
British trader Sanjay Shah and his Solo Capital hedge fund orchestrated the bulk of an alleged 1.44 billion pound ($1.8 billion) fraud against Danish taxpayers, a lawyer for the Copenhagen tax …
The UAE is attracting HNWs – and wealth managers are following
The UAE wealth management sector has swelled in size to meet the demands of a growing HNW population, finds Robert Jackman …
UAE: Dubai billionaire calls for banks to remain open during long holidays
A Dubai billionaire has called for banks to remain open during long holidays as their closure causes “direct harm” to customers and the commercial …
Top 10 Affordable Schools in Dubai with Lowest Tuition Fees
As Dubai private schools adjust tuition fees, explore these budget-friendly institutions offering quality education without breaking the bank. Uncover budget-friendly education options in Dubai with …
Digital, personalised services are impacting regional banking
A considerable portion of the population in the Middle East region is already using digital banking services regularly …
DFM announces return of 2nd MENA Capital Market Summit on May 1-2
Following the success of the inaugural MENA IPO Summit last year, Dubai Financial Market (DFM) is set to return with a bigger and more promising edition of its flagship event “The Capital Market …
Billionaire Floyd Mayweather International Ventures: Announces New Partnership With Crypto Digital Banking Entity In Dubai
Floyd Mayweather transcends the title of boxing champion. He’s a shrewd businessman who has parlayed his in-ring dominance into a financial empire. By 2023, Mayweather had already amassed a staggering …
M20 Chain: Leading Innovation as Platinum Partner at Token 2049 Dubai
In the rapidly evolving landscape of blockchain technology, M20 Chain leads the way to a groundbreaking era of Web 3.0 innovation. Announced as a Platinum Partner for the upcoming Token 2049 Dubai, …
UAE to participate in 2024 Spring Meetings of IMF and World Bank Group
The United Arab Emirates, represented by the Ministry of Finance, announced its participation in the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) taking …
Planning a trip to Dubai, here are 5 things that you should keep in mind
Prepare for a stress-free trip to Dubai by activating international roaming, saving emergency contacts, obtaining a Forex card, converting currency to …
UAE participates in 2024 Spring Meetings of IMF and WBG
The United Arab Emirates, represented by the Ministry of Finance, announced its participation in the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) taking …
Finance Minister Aurangzeb briefs premier before maiden US sojourn
Finance minister to attend IMF-WB spring meetings, hold bilateral meetings with Chinese, Saudi, UAE, Turkish counterparts.
BP shares increase by 3.1% after reports UAE oil company had pondered takeover
BP’s shares surged mid-morning on Friday on a day where other companies also fared well as the FTSE 100 pushed above 8,000 …