The UAE Central Bank has canceled the license of Dirham Exchange, an exchange house based in the UAE, and removed its name from the official register. This action is part of the Central Bank’s ongoing …
GCC stock markets raise USD 5.3 billion in IPOs during H1 2023
Kuwait Financial Centre “Markaz” released its research report titled “Initial Public Offerings (IPO) in the GCC markets”, stating that the region raised …
UAE Central Bank shuts down major money exchange house over ‘serious misconduct’
The UAE Central Bank took actions against two financial entities operating within the nation UAE Central Bank shuts down major money exchange house over ‘serious misconduct’ anti-money laundering (AML …
Lure of sovereign wealth fuels hedge fund rush to Dubai
Izzy Englander’s Millennium Management was one of the first big US hedge funds to move to the city when it hired a Dubai-based portfolio manager in 2020. The near $60bn-in-assets firm now has about 50 …
How Dubai is reshaping the global oil trade
Sanction on Russian exports has led to a shift in oil trading to a new domain in the Middle East. Will it stay there?
Mena Ipos Gather Momentum In Q2 2023, With 13 Ipos Worth $1.8Bn
IPO activity in the Middle East and North Africa (MENA) region continued to gather momentum in Q2 2023, with a total of 13 initial public offerings …
Dubai’s Economy Grows 2.8% To Dh111.3 Billion
Dubai’s economy grew at a good pace of 2.8 per cent year-on-year in the first quarter of 2023 to Dh111.3 billion, led by strong growth of all the ke …
Dubai’s economy maintains momentum, GDP rises 2.8% in Q1 to cross $30 billion
Dubai’s Q1 gross domestic product (GDP) rose by 2.8% YoY to AED 111.3bn ($30.3bn), propelled by a 48% growth in the transportation and storage sector, according to figures released on Tuesday. The …
Mena IPO activity jumps 44% in second-quarter amid strong economic growth, EY says
The listing activity in the Middle East and North Africa region continued to gather momentum in the second quarter of this year, as the volume of initial public offerings on regional bourses climbed …
MENA maintains IPO momentum, raises $1.8bn Q2 2023
Saudi Arabia dominated MENA IPO activity in terms of the number of listings, with four listings on the Tadawul’s main market raising $0.8bn.
MENA IPO momentum continues into Q2 with 13 deals raising $1.8 billion
IPO activity in the MENA region continued to gather momentum with a total of $1.8 billion in proceeds from 13 IPOs – …
Dubai maintains growth surge to reach $30.3bn GDP for first quarter
Dubai’s GDP growth of 2.8% is higher than 1.6% for OECD countries, 1.1% for European Union and 1.8 % for the US Dubai maintains growth surge to reach $30.3bn GDP for first quarter Digital Dubai, Dubai …
Dubai real estate records over $762mn in property deals on Monday
Dubai recorded property buying deals to the tune of over $762 million (AED2.8 billion) on Monday, data released by Dubai Land Department (DLD) showed. Monday’s deals included 670 sales transactions …
MENA IPO momentum continues into Q2 2023 with 13 deals raising $US1.8b
According to the EY MENA IPO Eye Q2 2023 report, IPO activity in the MENA region continued to gather momentum with a total of US$1.8b in proceeds from 13 IPOs – a 44% increase in the number of …
Mena ‘IPO momentum continues’, 13 deals raise $1.8bn in Q2
IPO activity in the Mena region continued to gather momentum with a total of $1.8 billion in proceeds from 13 IPOs – a 44% increase in the number of listings but an 80% drop in proceeds when compared …
MENA IPO activity: 23 listings registered in H1; Saudi, UAE to lead market in H2
IPO activity in the MENA region continued to gather momentum with a total of $1.8 billion in proceeds from 13 IPOs in Q2 2023, EY stated in the report …
UAE authority warns residents of fake shopping sites, online scams
The alert comes as reports of people falling victim to online fraud continue to emerge despite repeated warnings …