Malek Al Malek, Chairman of TECOM Group, said: “Since our successful IPO in July 2022, TECOM Group continued to … surpassing expectations at the time of our listing, has benefitted from Dubai’s …
First Abu Dhabi Bank says not currently evaluating offer for Standard Chartered
First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, said on Friday it was not currently evaluating an offer for Britain’s Standard Chartered. News of the potential offer first came …
Adnoc Natural Gas, LNG IPO Seen as ‘Highly Feasible’ Amid Broader Expansion Plans
Abu Dhabi National Oil Co. (Adnoc) is advancing plans to launch an initial public offering (IPO) that would combine the United Arab Emirates’ (UAE) …
Ajman Bank Net Profit Climbs 40% To Dh162.1 Million In 2022
The bank attributed the growth in annual profit to positive economic conditions in the UAE offering a favourable environment for businesses to thrive and grow. The Ajman-based lender reported total …
Dubai: Latest edition of New Age Finance & Accounting Summit to host leaders from region’s most influential companies
The Middle East finance industry is changing at a faster pace than ever before as it moves towards digital-first solutions. With the advent of 2023, the industry is all set to welcome the most dynamic …
2022 Financial Cards and Payments in the United Arab Emirates Market Report: Five-year Forecasts to Assess How the Market is Predicted to Develop
Dublin, Feb. 09, 2023 (GLOBE NEWSWIRE) — The “Financial Cards and Payments in the United Arab Emirates” report has been added to ResearchAndMarkets.com’s offering. The Financial Cards and Payments in …
Hong Kong and UAE to explore new collaboration opportunities
Hong Kong and the UAE have decided to explore new collaboration opportunities with a key focus on finance, technology and sustainability. A delegation of business leaders from the Hong Kong Special …
Multi-manager hedge funds offer big returns but at high cost
Multi-manager hedge funds charge expense fees about triple the size of traditional peers, a Barclays note to clients shows, in a sign of just how much of a price tag such funds can demand because of …
Dubai Islamic Bank to raise $1 bln with sustainable sukuk
A view of a branch of Dubai Islamic Bank branch along Khalid Bin Al-Waleed Road in Dubai May 30, 2010. REUTERS/Mosab Omar/File Photo DUBAI, Feb 9 (Reuters) – Dubai Islamic Bank (DISB.DU), the biggest …
Standard Chartered shares jump on reports UAE bank reconsidering takeover bid
First Abu Dhabi Bank could be reconsidering a takeover offer for the London-listed banking giant worth up to 35 billion dollars, reports said.
Dubai enacts new rules for ultra-wealthy and family businesses operations
Dubai International Financial Centre has finalised regulations to enable more family-owned businesses to start operating from its Global Family Business and Private Wealth Centre which opens next …
UAE: Scammers more interested in personal data than bank details
For UAE consumers, it is not the bank data, but the disclosure of their personal data shared online that puts them at a greater risk when it comes to fraudsters and scammers. Cybersecurity experts …
Emirates Islamic is first bank in the UAE to issue a Dirham Sukuk
Emirates Islamic has announced the successful pricing of its inaugural AED 1 billion dirham-denominated sukuk, the first such dirham sukuk issuance by a UAE bank. Emirates Islamic, the Islamic …
Dubai’s DEWA reports 22% rise in consolidated net profit for 2022
Read: Dubai’s DEWA raises $6.1bn in EMEA’s biggest IPO since 2019 Further, DEWA’s subsidiary, Empower listed on the DFM in November, 2022, floating 20 per cent of its issued share capital.
DEWA reports net profit of $3bn and increases 2022 dividend pay-out by 60%
noted Al Tayer Select annual highlights In April 2022, DEWA was listed as a public company on the Dubai Financial Market. This was the largest IPO in the UAE and the largest utility IPO globally since …
Dubai: Gold prices open steady in early trade
Globally, gold prices edged higher on Thursday, as the dollar steadied. Spot gold was up 0.22 per cent at $1,879.58 per ounce, as of 9.35 am UAE time. The US Federal Reserve offic …
Why Dubai residents are buying property to save money
In January last year, he took out a mortgage to purchase the two-bedroom apartment he was renting in Dubai Silicon Oasis. He paid Dh550,000 ($149,761) for the property, which he had previously rented …