UAE stocks exhibited strong cash flows on Monday, surpassing Dhs1bn in market liquidity. The International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) emerged as …
For every missed IPO, there is the comfort of an SIP
In favourable market conditions, IPOs undeniably possess rockstar appeal, but mutual fund investments are generally considered fair-weather …
MetaSoilVerse shines at iconic Finance Expo 2023, reveals parcel surprise, and secures award
An innovative platform boosted Dubai’s Iconic Finance Expo into the future, attracting people and leaving them craving more of the limitless possibilities ..
UAE financial markets undergo sustainability-driven transformation: LSEG’s Nadim Najjar
Nadim Najjar, MD, Central Eastern Europe, Middle East Africa at LSEG, tells WAM UAE financial markets are undergoing a remarkable transformation, driven by global and regional trends, particularly in …
H.E. Bin Touq opens global conference on Islamic finance & reviews UAE’s efforts in developing legislative system to drive the sector’s growth
His Excellency Abdulla bin Touq Al Marri, UAE’s Minister of Economy, inaugurated the international conference on “Islamic Financial Transactions between Legislation and Practice” in accordance with …
UAE financial markets undergoing sustainability-driven transformation, says LSEG’s Nadim Najjar
Nadim Najjar, Managing Director, Central Eastern Europe, Middle East Africa (CEEMA), for the London Stock Exchange Group (LSEG), asserted that UAE financial markets are undergoing a remarkable …
Nearly 97% Of UAE Companies Planned To Increase, Maintain, Or Begin Investment In Sustainable Strategies Before COP28
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PureHealth soars 69% after nearly $1bn IPO in Abu Dhabi
Shares in PureHealth traded at Dhs5.5 on Wednesday as the Abu Dhabi market opened against an IPO offer price of Dhs3.26 per share.
FSRA updates AML rules to safeguard UAE’s financial landscape
In a move aimed at bolstering its stance against money laundering, terrorism financing, and proliferation financing, the Financial Services Regulatory Authority (FSRA) of the United Arab Emirates (UAE …
Mansoor Al Mansoori: The success following PureHealth’s IPO reflects investors’ trust in Abu Dhabi’s healthcare sector
This reflects investors’ trust in Abu Dhabi’s healthcare sector and cements its position as a reliable and attractive investment and economic destination, which further enhances and supporting the nat …
Saving deposits in UAE banking sector surges to AED 266 bn in October 2023
Savings deposits in the banking sector in the UAE hit AED265.6 billion by the end of October 2023, according to the latest statistics from the UAE Central Bank.
UAE Central Bank raises 2024 economy growth forecast to 5.7%
The central bank has revised the expected growth rate in the UAE non-oil economy for 2023 and 2024 to 5.9% and 4.7%, respectively, owing to an expansion in segments such as financial and insurance …
UAE Central Bank raises 2024 growth forecast for country’s economy to 5.7%
The UAE Central Bank has increased its 2024 growth forecast for the country’s economy to 5.7 per cent, from 4.3 per cent previously, due to an expected rise in oil production next year. The banking …
UAE banking sector sees $72.37bln in savings deposits until October 2023
ABU DHABI – Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit AED265.6 billion by the end of October 2023, according to the latest statistics from the UAE Central …
UAE banking sector sees AED265.6 billion in savings deposits until October 2023
Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit AED265.6 billion by the end of October 2023, according to the latest statistics from the UAE Central Bank.The apex …
Tabby announces pre-IPO $700 million debt facility from JPMorgan
UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a $700 million debt financing round from JPMorgan, ahead of …
Tabby Secures $700 Million Debt Facility in Pre-IPO
Tabby, previously headquartered in Dubai, now based in Riyadh, has announced a pre-IPO achievement with a $700 million receivables securitization facilitated by J.P. Morgan and extended its Series D …