United Arab Emirates-based Optasia is weighing strategic options, including a sale or initial public offering in the Middle East, people with knowledge of the matter said.
Abu Dhabi, Luxembourg to enhance ties and support sustainable finance
The Abu Dhabi Securities Exchange (ADX) and the Luxembourg Stock Exchange (LuxSE) announced the signing of a Memorandum of Understanding (MoU) between the two parties.
UAE’s Burjeel, US-based Northwell Health to launch neuroscience institute in UAE
The Neuroscience Institute will be located at Burjeel Medical City, and will provide advanced care for adult and pediatric patients with neurological disorders, including autoimmune brain disorders, …
Interbank fund transfers in UAE hits AED3.89 trillion in Q1, 2023
The apex bank data also revealed that March was the busiest month with dirham-denominated transfers standing at AED1.46 trillion Interbank fund transfers in UAE hits AED3.89 trillion in Q1, 2023 Abu …
Dubai transport authority seeks adviser for asset review
DUBAI: Dubai’s Roads and Transport Authority (RTA) has invited investment banks to pitch for an advisory role in …
UAE’s Al-Futtaim Automotive leads $15mln funding in Indian electric scooter firm
One of the Middle East’s leading automotive business, Al-Futtaim Automotive led the investment round of $15-million in the Indian electric two-wheeler startup, River. Image cour …
Al Seer goes for growth as cornerstone investor in Adnoc L&S after $600m IPO
Ambitious Abu Dhabi shipowner Al Seer Marine has revealed it is now “the cornerstone investor” in giant compatriot shipping company Adnoc Logistics & Services (Adnoc L&S). The Adnoc subsidiary listed …
Dubai group swoops for Wolverhampton finance firm
A multinational group of companies headquartered in Dubai has made its first move into the UK financial services sector with the acquisition of a Black Country business. Aroma Global has purchased …
Kingsway Capital in talks with Big Tobacco over AIR stake sale – sources
DUBAI, June 8 (Reuters) – Britain’s Kingsway Capital has started … The talks are part of a dual-track process, where a seller pursues a sale and an initial public offering (IPO) at the same time.
Dubai CommerCity and Link launch SparkBiz for businesses keen to setup and expand in the region
Dubai CommerCity and Link (Wafi Group) will launch SparkBiz to offer a range of exceptional benefits to businesses keen to enter the region’s market …
UAE Central Bank balance sheet hits record AED594bn in March end
The apex bank said that its balance sheet also increased YoY by 15.2 percent UAE Central Bank balance sheet hits record AED594bn in March end Abu Dhabi, CBUAE, Dubai, financial institutions, Financial …
COP28 in UAE: Dr Sultan Al Jaber meets Ursula von der Leyen for climate talks in Brussels
The two reaffirmed their commitment to facilitate the “highest possible ambition” for the COP28 climate conference scheduled to be held in Dubai …
DIFC mobilises action on climate finance in the run up to COP28
Dubai International Financial Centre (DIFC), a leading global financial centre, is building momentum on the critical role of finance in addressing global sustainability challenges ahead of COP28 at …
Digital Payments: Mastercard, Dapi to Bring A2A Payment Capabilities to UAE
Dapi, a UAE-based fintech company, part of Hub71’s global tech ecosystem, is thrilled to announce a partnership with tech company Mastercard.
UAE central bank’s balance sheet hit all-time-high in March-end
In its budget report for March 2023, the apex bank said that its balance sheet grew by 5.3% on a monthly basis …
Will IPO momentum continue in Gulf markets in the second half?
The number of IPOs in the Middle East and North Africa region reached 51 in 2022, raising $22 billion, a 179% increase from 2021 rates. Latest data from | The Eastern Herald …
Mohammed bin Rashid chairs UAE Cabinet, approves UAE National Sports Strategy 2031
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of H.H. Sheikh …