Global law firm Clifford Chance has acted as international issuer’s counsel to Middle East alternative asset manager Investcorp Capital on its initial public offering (IPO) and listing on the Abu …
Dubai real estate sector sees $2.75bn of transactions this week
Dubai real estate and properties transactions were valued at AED10.1bn ($2.75bn) this week, according to Dubai Land Department data. In the week ending January 12 there were 2,910 transactions.
Middle East’s economic woes to drive interest in ‘stablecoins’ in 2024
Experts say the crypto industry has a bright year ahead in the Middle East and North Africa, one of the world’s fastest-growing markets for decentralized finance.
UAE cancels First Insurance licence
The Central Bank of the UAE cancelled the licence of First Insurance Brokers Company (First Insurance), an insurance company operating in the country and struck its name off the Register, pursuant to …
Dubai education provider Taaleem profit surges after enrolments jump 26.6%
Taaleem secured five new government partnership schools; Enrolments grow to 35,715 students; Operating revenue up 11.5% YoY to $70.44 million …
UAE: Central Bank cancels licence of company for failure to comply with requirements
The Central Bank of the UAE has cancelled the licence of an insurance company for its failure to comply with necessary …
UAE Central Bank cancels licence of First Insurance Brokers Company
The UAE’s Central Bank (CBUAE) has cancelled the licence of First Insurance Brokers Company, an insurer operating in the UAE, and struck its name from the register for failing to comply with an …
Saudi Arabia’s Avalon Pharma sets IPO price range
Saudi-based Middle East Pharmaceutical Industries Company, known as Avalon Pharma, has set the price for its planned initial public offering (IPO) at 78 to 82 Saudi riyals ($20.80-21.87), it said on …
BRICS’ India and UAE forge a $3b pact – What it means
Marking a significant milestone in global diplomacy, India and the United Arab Emirates (UAE) have recently inked a groundbreaking $3 billion agreement. This monumental development is not just about …
Dubai real estate: Apartment rents to rise further on revised RERA rates, says report
The real estate cycle in Dubai is expected to enter a new phase, with a resurging apartment market and more tempered growth in the villa market …
Emirates Islamic becomes first Islamic bank in the UAE to launch a digital wealth offering and equity trading on its mobile banking App – EI
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of a Shariah-compliant digital wealth and equit …
UAE investors wake to the launch of equity trading on Emirates Islamic bank mobile app
EI announced that customers using the Digital Wealth platform will be able to trade in stocks with zero commissions from January 1 until March 31, 2024.
RERA and Zand Digital Bank join forces to manage Dubai’s real estate escrow accounts
The MoU authorises Zand Digital Bank to oversee real estate development escrow accounts and provide associated services in Dubai. Image: Shutterstock The Real Estate Regulatory Agency (RERA), the …
Dubai Investments announces first flagship mixed-use development in Africa
Dubai, UAE: Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM), has marked a significant entry into the African markets with the announcement of its first …
Joe Webster: Shipping cars to Dubai from US can sometimes make financial sense for car buyers
Webster, a seasoned specialist, guides A1 Auto Transport to the forefront of the car transport sector with expertise and excellence …
Dubai Investments launches mixed-use development in Angola
Dubai Investments said in a statement to the Dubai Financial Market on Wednesday. The project site will include three kilometres of coastline and a two-kilometre sandy beach. Dubai Investments …
UAE President participates in Vibrant Gujarat Global Summit in India
and business and finance professionals from around the world. Speaking at the summit, His Highness thanked the Indian Prime Minister for the invitation and congratulated him on the summit’s 20th …