Saudi Arabian oil and gas driller ADES Holding, backed by the kingdom’s sovereign wealth fund, on Monday announced plans to proceed with an initial public offering (IPO) on the Saudi Exchange. ADES …
‘Dubai makes even luxury travel affordable’: Tourism body CEO says city is now a year-round destination
Mid-range hotels here match the service and amenities of many prominent full-service hotels around the globe, says Issam Kazim …
Navigating Dubai’s Real Estate Landscape: To Buy Or To Rent
Dubai’s standing as a top choice for global investors remains unshakable, underpinned by its forward-thinking economy and progressive societal l …
UAE: Dubai Police Appoints First Female Financial Systems Auditor
Read More: The Dubai Marathon Returns in January 2024 Dr. Mashal Al Zaraouni … Captain Samaa Abdulraheem Safar has a Bachelor’s in Finance and a Master’s in Business Administration from the American …
Saudi Arabia healthcare group Fakeeh Care weighs IPO, appoints HSBC – sources
DUBAI – Saudi Arabia’s Fakeeh Care, one of the largest private hospital groups in the kingdom, is considering selling a 30% stake through an initial public offering (IPO), two sources with knowledge …
Dubai Airports plans mega-expansion as passenger traffic grows
That’s helped push hotel room rates to a fresh high. The sector’s resilience has also prompted speculation of an initial public offering in Dubai, where the government plans to privatise more …
How joining BRICS will boost UAE’s different economic sectors
Some analysts expect BRICS nations will increasingly trade in their own respective currencies, hence, reducing dependence on the dollar …
Dubai 10X receives 79 proposals from 33 government entities
Dubai 10X aims to encourage collaboration and promote experience exchanges, with some of the latest projects being the result of collaboration between up to 11 entities.Projects were developed by more …
Saudi auto rental firm Lumi to float 30% in IPO
Saudi Arabia’s Lumi, one of the largest auto rental firms in the kingdom, on Thursday announced plans to proceed with an initial public offering on the Saudi Exchange.Riyadh-based Lumi said it expects …
Sungarner Energies IPO: Check GMP, subscription status on day 2, other details to know
Sungarner Energies IPO subscription status was 26.35 times on day 2, receiving positive response from retail investors.
UAE: Want to get 35% discount on traffic fines, reduce black points? Here’s how
and through the mobile applications of banks in cooperation with five banks in the UAE. These include Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), First Abu Dhabi Bank (FAB), …
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing- sources
Swiggy had initially considered raising $800 million to $1 billion via the IPO, banking sources who worked on it in … one of the United Arab Emirates neighbouring Middle East trade hub Dubai, are …
UAE banks’ savings deposits hit AED268.6bn in June
The local currency, the UAE Dirham, accounted for the largest share of savings deposits, with about 81.6 percent UAE banks’ savings deposits hit AED268.6bn in June CBUAE, Central Bank of the UAE, UAE, …
Dubai luxury home prices soar by almost 50%, with Tokyo’s up 26%. Here’s where other cities stand
Dubai’s luxury home prices surged by nearly 50% in the year up until June, maintaining its top ranking for the eighth consecutive quarter, according to a new report by Knight Frank.
RIL to sell 8-10% more stake in Reliance Retail to prepare for IPO: Report
The additional stake sale is anticipated to span 12-15 months and will play a crucial role in the projected initial public offering (IPO) of Reliance’s retail operations.
AED268.6 billion in saving deposits held by UAE banks until end of June 2023
ABU DHABI, 24th August, 2023 (WAM) — Savings Deposits held by UAE banks, excluding interbank deposits, amounted to AED268.6 billion by the end of June 2023, according to the latest statistics from …
Financial, realty blue chips continue to drive UAE stock markets
The UAE stock markets Thursday continued to capitalise on improved investor sentiments, with blue-chip industrial, banking and real estate stocks leading the gainers in the capital’s bourse, with …