The $1.5 billion bond, to be listed on Nasdaq Dubai and the London Stock Exchange, has been issued with a yield of 4.917% …
Dubai homebuyer checklist: Hidden fees, terminology and how to protect your cash
Definition: A document commonly used in Dubai as confirmation of a sale and purchase between buyer and seller. The paperwork confirms price, terms and conditions and the payment schedule. This can be …
JSW Infra IPO opens on September 25 – All you need to know from price band to risk factors
The initial public offering of JSW Infra, the first IPO from the JSW Group in over a decade, will open on September 25. The company plans on raising Rs 2,800 crore through a complete fresh issue of …
JSW Infra IPO to open on Sept 25; check price band, important dates and more
JSW Infrastructure, incorporated in 2006, provides maritime-related services including, cargo handling, storage solutions and logistics services.
Oman’s OQ Gas Networks sets price range in latest Gulf IPO
DUBAI, Sept 18 (Reuters) – Oman’s OQ Gas Networks (OQGN), the pipeline business of state oil giant OQ, said on Monday it had set the offer range for its initial public offering (IPO) and could raise …
The best Sharia-compliant investment products for UAE residents in 2023
Holding the fourth position in the Islamic Finance market with investment assets slated at $222bln, the UAE is seeing much projected growth within the region …
UAE’s $1.5 billion sovereign bond is five times oversubscribed
The UAE’s first US dollar-denominated sovereign bond offering in more than a year was oversubscribed by five times, the Ministry of Finance has said. The $1.5 billion bond, the first issuance by the …
Dubai records over $707mln in realty transactions Monday
DUBAI: Dubai real estate market recorded 567 sales transactions worth AED1.88 billion, in addition to 155 mortgage deals of AED688.9 million, and 17 gift deals amounting to AED44.05 million on Monday, …
UAE dollar bond issue achieved strong results with oversubscription by 5 times
The Federal Government of the United Arab Emirates, represented by the Ministry of Finance, successfully closed its offering of a U.S. dollar-denominated 10-years USD 1.5 billion bond maturing on …
DAE closes US$1.6 billion new financing facilities, largest bank loan financing in its history
Dubai Aerospace Enterprise (DAE) today announced that it has signed a new multi-tranche financing, structured as a combination of revolving credit facilities and term financing facilities, each …
UAE’s $1.5 billion dollar bond issue oversubscribed five times
The Federal Government of the UAE, represented by the Ministry of Finance, successfully closed its offering of a US dollar-denominated 10-years $1.5 billio..
Luxury Real Estate Market Boom in Dubai: Legal Considerations
lays down the foundation for property transactions in Dubai. According to Article 9 of this law, all dispositions that create, transfer, change, or extinguish real property rights must be registered.
Dubai records over AED2.6 billion in realty transactions Monday
Dubai real estate market recorded 567 sales transactions worth AED1.88 billion, in addition to 155 mortgage deals of AED688.9 million, and 17 gift deals amounting to AED44.05 million on Monday, data …
Baker McKenzie Hires One and Loses Another in the UAE
The firm recently moved its office to the Dubai International Financial Centre, and has made several lateral appointments in the Middle East region.
Dubai International Financial Centre on track for 20% insurance sector growth
Dubai International Financial Centre (DIFC) continues to steer the city’s position as a global hub for the insurance and reinsurance industry. Having granted several licences to insurance and …
UAE achieves substantial progress in countering money laundering, terrorist financing in H1: Hamid AlZaabi to WAM
Hamid AlZaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF), revealed that the UAE has completed a comprehensive review of AML/CFT progress made in the first half of 2023 which shows significant improvement across the board.
Kuwait’s finance ministry says cyber attack hits one of its systems
Kuwait’s finance ministry said on Monday that one of its systems had suffered a cyber attack in the early morning but that the ministry continued to work normally.