UAE energy giant also increases scope of its decarbonization efforts to Dh84.4b Dubai: The Board of Directors at UAE energy giant ADNOC has endorsed the goal to drive $48.5 billion (Dh178 billion) …
How much of a stock price bounce will Salik get after new toll-booths?
Dubai toll-gate company’s revenues are up for a hike – will … The same logic applies for the upcoming IPO Parkin, which explains the ‘buzziness’ surrounding it, ever since it has been incorporated …
Dubai GDP surges 3.3% in 2023 as emirate pursues ambitious economic vision: Sheikh Hamdan
So far, Dubai has remained relatively shielded from international headwinds thanks to limited sensitivity to interest rate hikes and contained inflation. Mortgage transactions in Dubai continued …
Dubai continues its economic surge with 3.3% GDP growth in the first nine months of 2023
The growth reflects Dubai’s continued attractiveness as a global real estate destination. Finance & Insurance Sector grows 2.7% Dubai’s financial and insurance sector, a significant contributor to the …
Emaar, CCL Pharma and other companies exploring IPO option at PSX
KARACHI: Emaar Pakistan, the subsidiary of Dubai-based Emaar Properties … (PSX), their key officials informed during a panel discussion held here in a day-long IPO Summit 2024 themed ‘Empowering the …
Dubai traffic to ease as RTA completes 14 road improvements, travel times slashed by 50%
Dubai road improvements will continue throughout 2024, revealed Abdulla Yousef Al Ali, CEO of Traffic and Roads Agency at RTA …
Emaar, CCL Pharma and other companies exploring IPO option
KARACHI: Emaar Pakistan, the subsidiary of Dubai-based Emaar Properties, Pakistan’s multinational pharma company CCL, FF Steel, Fast Cables and International Packaging Films are all at different …
UAE: Salik drives gains at Dubai Financial Market Friday
The Dubai Financial Market (DFM) climbed higher on Friday, driven by a surge in toll operator Salik (SALIK.DU).
Salik drives gains at Dubai Financial Market Friday
The Dubai Financial Market (DFM) climbed higher on Friday, driven by a surge in toll operator Salik (SALIK.DU). The main index (.DFMGI) rose 0.714%, fueled by a 5.180% jump in Salik shares after the …
Brookfield weighs investment in Dubai’s GEMS Education
Brookfield Asset Management Ltd. is in talks to invest in Dubai-based GEMS Education, one of the world’s largest private school operators, people familiar with the matter said.
Dubai Financial Market sees AED67.5 mn direct deal on Al Ramz Corporation shares
The Dubai Financial Market (DFM) has witnessed the execution of a large direct deal on the shares of Al Ramz Corporation Investment and Develo …
UAE: Ministry of Finance organises dispute resolution forum
The UAE Ministry of Finance today announced the convening of a forum titled ‘Towards Cooperative Dispute Resolution Environment’ in Dubai on Wednesday.
Saudi Arabia’s Tadawul to buy 32.6% stake in Dubai Mercantile Exchange
DUBAI, Jan 18 (Reuters) – Stock exchange owner and operator … $1.8 bln in Telangana state 12:34 PM UTC Dealscategory Exclusive: Reddit seeks to launch IPO in March 12:09 PM UTC Ukrainian maritime …
Saudis acquire 32.6% of Dubai’s commodities exchange to rebrand it Gulf Mercantile Exchange
DME, established in 2007 and headquartered in the UAE, is a leading international commodities exchange. It is regulated by the Dubai Financial Services Authority and cleared through CME Clearing, …
UAE issues new decree to regulate public-private sector partnerships
The Ministry of Finance has issued a new decree to regulate public-private partnerships in the UAE, aimed at boosting private sector investment in federal government projects.The Federal Decree-Law No …
New UAE law set to boost public-private sector partnerships
The UAE has introduced a new law to boost public and private sector partnerships in the country. The Ministry of Finance (MoF) announced the issuance of Federal Decree-Law No. 12 of 2023 on …
GCC Ipos Decline In 2023, UAE Leads Despite Drop: Markaz
UAE Dominates, But Sees Significant Downturn The United Arab … Muscat Securities Market (MSM) had two IPOs raising $973m (10% of the GCC total), including the largest Omani IPO of the year: OQ Gas …