In the financial sector, the 46.2 per cent gain in shares of Commercial Bank of Dubai was one of the main underlying reasons for the sector’s gains during the month. Comparatively, the consumer …
Etihad Considers Going Public With Planned IPO Listing
The UAE-based carrier Etihad is reportedly considering going public with the planned IPO listing as soon as this year. According to a report by Bloomberg, the considerations around the IPO listing are …
UAE issued 151 decisions on financial sector policies and laws in 2023
The UAE government issued 151 Cabinet decisions related to the financial sector last year, covering the launch of new policies and initiatives, laws and approval of international agreements.The …
UAE: More than Dh113 million in fines imposed on banks, exchange houses in 2023
The Central Bank governor emphasises that the regulator aims to ensure the integrity and safety of the financial system in the UAE and globally …
Bank of Sharjah Acts as Joint Lead Manager & Bookrunner in a $750 Million Bond Issuance for the Government of Sharjah
Bank of Sharjah, one of the leading commercial banks in the UAE, has acted as a Joint Lead Manager and Bookrunner in the successful issuance of a $750 million 12-year U.S. dollar-denominated 144A/Reg …
Abu Dhabi’s Etihad is considering IPO, listing – report
Abu Dhabi’s long-haul operator Etihad Airways could be one of the next UAE companies to go public with an initial public offering (IPO) or a direct listing, according to a Bloomberg report. The UAE …
additiv, an Enabler of Embedded Finance, Expands Operations in Dubai
a global enabler of Fintech and embedded finance, has announced that it is expanding its presence in Dubai, UAE by opening a new, fully operational office location in the heart of Dubai International …
Dubai millionaire’s wife shares ‘rules’ set by her husband that she has to follow
But this woman claims she has a very unusual set of ‘orders’ to follow from her husband, which would probably make the majority of women pass out. Sofia Kralow loves to share snippets of her affluent …
UAE’s leadership in Soft Power Index a reflection of its track record of achievements: AGDA
The Anwar Gargash Diplomatic Academy (AGDA) emphasised that the UAE’s ranking first regionally and tenth place globally in Brand Finance Soft Power Index 2024 is a reflection of its track record of …
Dubai Taxi Company delivers 2023 net profit growth of 54% YoY to AED345.3 mn; approves dividend of AED71 million
Dubai Taxi Company PJSC (DTC), today announced its financial results for the year ended 31st December 2023, delivering a strong performance while also completing its landmark listing on the Dubai …
BHM Capital CEO lauds UAE’s commitment to strengthening financial systems as it fulfills FATF recommendations
Al Sa’di said that BHM Capital prioritizes rigorous risk assessment through strict client and transaction evaluations …
DTC’s first post-IPO result sees 11% revenue growth to $530mn
Abdul Muhsen Ibrahim Kalbat, DTC Chairman, added: “Our strong inaugural set of results following our successful IPO on DFM in December 2023, highlights the strength of our business, which is …
UAE bank ADIB’s shareholders get ‘enhanced’ dividend for 2023 after record Dh5b plus net profit
Abu Dhabi bank had cleared Dh5b in 2023 net profit, set dividend at 71 fils/share Dubai: Coming up for ADIB shareholders is a Dh2.59 billion payout, after the board of directors got the necessary …
Dubai travel: Discounts, flexible payment plans for citizens
UAE citizens can now avail of unique offers, discounted travel, flexible payment plans, and other travel benefits to popular and trending honeymoon destinations following a partnership between dnata …
UAE participates in G20 Finance Ministers and Central Bank Governors meeting
The United Arab Emirates, represented by the Ministry of Finance and the Central Bank of the UAE, participated in the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under …
UAE ranks 1st globally in strong and stable economy indicator
T he UAE ranked 1st in the ‘Strong and Stable Economy’ indicator, while the country continues to hold its position at 10th place at the Brand Finance Soft Power Index 2024 for t …
New Islamic bank to launch in UAE
Ruya, a modern digital-native Islamic community bank, on Thursday announced its plans to launch in the UAE market, with its first community banking centre and head office located in the Marsa area in …