LuLu Group International, a leading global hypermarket chain and mall operator, expects to launch its initial public offering (IPO) in the first half of 20..
COP28 UAE TechSprint initiative floated to combat climate change
The Central Bank of the UAE (CBUAE), the Bank for International Settlements (BIS), the Emirates Institute of Finance (EIF) and the COP28 Presidency have launched the COP28 UAE TechSprint, a global …
UAE’s LuLu Group plans to launch IPO in the first half of 2024
Abu Dhabi’s LuLu Group International is planning to launch an initial public offering in the first half of next year and list its shares on the Abu Dhabi Securities Exchange, the region’s …
Emirates NBD boosts UAE SMEs with 34% lending boost
Emirates NBD has increased lending support to SMEs in the UAE. The banking group has reported a 34 per cent increase in lending facilities towards SMEs compared to the previous year. Emirates NBD has …
Lulu Group expects to launch IPO in H1 2024, shares to be listed in Gulf – chairman
NEW DELHI (Reuters) -Hypermarket chain and mall operator Lulu Group International expects to launch its initial public offering (IPO) in the first half of 2024, its chairman said on Monday, adding …
$26 million Infinite Blue diamond to be displayed in Dubai
The Infinite Blue diamond is coming to Sotheby’s Dubai ahead of its auction in Hong Kong. As part of its world tour before its sale on October 5, this remarkable stone will be on display for one day …
UAE SME sector gets a boost as Emirates NBD Business Banking reports 34% increase in lending facilities towards SMEs
Dubai, UAE: In line with the focus of boosting SMEs and the national economy, Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region reports a 34% increase …
RAKBANK cooperates with UnionPay to drive contactless mobile payments in UAE
RAKBANK and UnionPay International have announced their cooperation to drive contactless mobile payments in UAE. RAKBANK has enabled all …
The Central Bank of the UAE teams up with the Bank for International Settlements and the COP28 Presidency
The Central Bank of the UAE (CBUAE), the Bank for International Settlements (BIS), the Emirates Institute of Finance (EIF) and the COP28 Presidency have launched the COP28 UAE TechSprint, a global …
Forgotten your bank card? Here’s how to withdraw cash in Dubai anyway
The easiest ways to get your cash in Dubai, even when you’ve forgotten your bank card. Just use your phone for a quick cash withdrawal …
UAE secondhand car prices see some slowing down after 3-year hot streak
Bank offers show EMI payments kicks in two to three months after the deal is signed. Going forward, this will be critical to sustaining demand, with another round or two of rate hikes from the US …
Security scare: Saudi ‘cop’ lands unannounced at UAE prez hotel
A man who identified himself as a police officer from Saudi Arabia caused a security scare on Saturday when he appeared unannounced at the Taj Mansingh hotel to meet the President of UAE, Sheikh …
UAE boosts trade with Iran after eased restrictions: report
Trade between Iran and the United Arab Emirates has surged as Abu Dhabi eased restrictions on business activity between the two neighbors, business people and officials say.
UPDATE 3-Oil and gas driller ADES Holding begins marketing IPO to institutional investors
By Hadeel Al Sayegh DUBAI, Sept 10 (Reuters) – Oil and gas driller ADES Holding, backed by Saudi Arabia’s sovereign wealth fund, began marketing its initial public offering on Sunday, seeking 12.50 …
Saudi PIF-backed ADES Holding seeks to raise SAR4.6bn from IPO
PIF-backed ADES Holding is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares.
Oil and gas driller ADES Holding begins marketing IPO to institutional investors
Oil and gas driller ADES Holding, backed by Saudi Arabia’s sovereign wealth fund, began marketing its initial public offering on Sunday, seeking 12.50 riyals ($3.33) to 13.50 riyals a share.
Rover Finance Raises $350K in Less Than 5 Minutes on PlutoPad
Dubai, UAE, 9th September 2023, ZEX MEDIA, Rover Finance, a revolutionary payment management protocol, designed to cater to the unique needs of crypto native businesses, raises $350K in less than 5 …