The United Arab Emirates (UAE) is expected to roll over a $2 billion loan to Pakistan for one year.Caretaker Prime Minister Anwaar-ul-Haq Kakar wrote a letter to the UAE President Sheikh Mohammed bin …
Dubai realty transactions top $419m on January 16
Dubai real estate market recorded 525 sales transactions worth AED1.54 billion ($419 million), in addition to 127 mortgage deals of AED226.51 million, and 19 gift deals amounting to AED89.9 million on …
GCC IPOs raise USD 10.1 billion during FY 2023, a decline of 55% YOY
Kuwait Financial Centre “Markaz” released its research report titled “Initial Public Offerings (IPO) in the GCC markets”. During the year of 2023, Initi …
UAE: Adnoc, etisalat by e& and Emirates brand value increases by $3.75bln in 2024
In a list of 500 global entities, the three UAE entities saw their ranking improving in 2024. Adnoc was ranked 128th in 2024 as compared to 138th last year, Etisalat by e& improving its position to …
UAE dominates GCC IPO market with $5.5bln proceeds in 2023: Markaz
The UAE led the Gulf Cooperation Council (GCC) in IPO proceeds, securing $5.5 billion from seven flotations in 2023, according to Kuwait Financial Centre (Markaz).
GCC IPOs raise $10.1bln through 45 offerings in 2023, says report
The GCC region has raised a total of $10.1 billion in Initial Public Offerings (IPO) proceeds through 45 offerings during FY 2023, thus marking a year-on-year decline of 55% by value compared to the …
UAE: Adnoc, etisalat by e& and Emirates brand value increases by $3.75 billion in 2024
Energy giant Abu Dhabi National Oil Company (Adnoc), telecom major etisalat by e& and Dubai’s flagship carrier Emirates are the three most valuable brands in the UAE in 2024, according to brand …
UAE Central Bank balance sheet touches $182bln mark by end of November 2023
ABU DHABI: The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch the AED670 billion mark at the end of November 2023, marking a significant surge in its financial …
Cash smuggling to Dubai shows UAE’s importance as money laundering destination
Authorities in the United Kingdom convicted two more conspirators involved in a cash-smuggling operation between Britain and the UAE. They were booked as first-class travelers with generous luggage …
GCC IPOs raise $10bn via 45 offerings in 2023, says report
Abu Dhabi Securities Exchange (ADX) witnessed the highest proceeds in the UAE with $4.9 billion followed by offerings that were listed on the Dubai Financial Market (DFM) which raised a total of $0.5 …
UAE Central Bank Balance Sheet touches AED670 billion mark by end of November 2023
The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch the AED670 billion mark at the end of November 2023, marking a significant surge in its financial strength.
Dubai property prices could rise 5-10% this year -DAMAC CEO
Dubai’s real estate market could see price increases of 5-10% this year, the head of one of the city’s biggest developers, DAMAC Properties, said on Tuesday, adding he did not expect a correction in …
Surprising milestone as UAE banking sector exceeds USD1.09T in total assets
For the first time in its history, the banking sector in the United Arab Emirates has achieved a remarkable feat, with the total assets surpassing 4 …
GCC IPOs raise $10.1bln during FY 2023, a decline of 55% YOY
Markaz’s report stated that the UAE led the region in terms of IPO proceeds during 2023, raising a total of USD 5.5 billion from 7 offerings constituted 54.0% of total GCC IPO proceeds. However, this …
UAE likely to rollover $2 billion debt for Pakistan
It is reported that Ministry of Finance said that caretaker Prime Minister Anwaar-ul-Haq Kakar had written a letter to the President of the UAE in this regard.
Espace Real Estate releases comprehensive data on sales and rentals across 30 well-known communities in Dubai
Espace Real Estate, with its leading market share in many of Dubai’s most well-known communities, manages middle to upscale and ultra-luxury properties, well-suited for families living in Dubai across …
Plus500 secures regulatory licence and strengthens its strategic expansion in UAE
Dubai UAE: The global multi-asset fintech group … and reflecting optimistic growth prospects in the foreseeable future. Since its IPO a decade ago on the London Stock Exchange, Plus500’s accumulated …