Al Ansari Financial Services, the UAE money and exchange company, may raise as much as Dh773 million ($210 million) from the sale of a 10 per cent stake in an initial public offering. The company is …
Al Ansari announces IPO price range starting at Dhs1, subscription begins today
Al Ansari Financial Services on Thursday announced the offer price range per share and the start of the subscription period for its Initial Public Offering (IPO) on the Dubai Financial Market (DFM).
UAE Ministry of Finance announces results of preliminary state-level Government Finance Statistics for Q4-2022
Image Credit: Shutterstock Dubai: The UAE Ministry of Finance (MoF) announced today the results of the preliminary government finance statistics report for Q4-2022. The results for the fourth quarter …
Abu Dhabi Islamic Bank named ‘Best Islamic Bank in the UAE’ by EMEA Finance
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been recognized as the “Best Islamic Bank in the UAE” by EMEA Finance Abu Dhabi Islamic Bank (ADIB), a leading financial institution …
UAE exchange house Al Ansari seeks up to $210 million in IPO
DUBAI, March 16 (Reuters) – UAE-based exchange house Al Ansari … 2023 Aerospace & Defensecategory Boeing issues upbeat jet finance outlook amid market turbulence, article with image March 15, 2023 …
UAE’s Al Ansari sets IPO price, shares valued between AED1 and AED1.3
“The UAE’s global ranking as a tourist, commerce, talent and finance hub has steadfastly climbed over the years, thanks to government efforts and business-friendly policies, fuelling the growth and …
Dubai Police warn residents against sharing OTP, bank details with fraudsters
Dubai Police has warned the public to be vigilant against fraudsters impersonating government or banks in phone scams aimed at obtaining financial information. Officials emphasised that no government …
Dubai’s Al Ansari exchange sets IPO price range at Dh1-Dh1.03
Dubai family business to float 10% as UAE private entities take to stock markets Dubai: Al Ansari Financial Services has set a price range of Dh1-Dh1.03 for its IPO opening for subscription today …
Dubai’s Al Ansari Financial Services sets IPO price range at Dh1-Dh1.03
Dubai family business to float 10% as UAE private entities take to stock markets (From left) Mohammad Bitar, Deputy CEO, Al Ansari Financial Services, Rashed Al Ansari, CEO, Al Ansari Financial …
Central banks of UAE, India boost collaboration with MoU
The central banks of the UAE and India have signed a memorandum of understanding (MoU) in Abu Dhabi on March 15. The Central bank of the UAE and Reserve Bank of India will collaborate on various …
Most Gulf markets gain as fears about rapid Fed hikes, bank crisis ease
Most stock markets in the Gulf rebounded in early trade on Wednesday as concerns of a banking crisis eased, while U.S. inflation data came in line with expectations, improving the odds of a smaller …
UAE to invest $30 billion in South Korea over the next few years
South Korean FDI in the UAE totalled $2.2 billion up until the beginning of 2021, reflecting a 73 per cent growth compared to the beginning of 2013. These investments are mostly concentrated in …
UAE’s Fujairah needs to step up investments for new bunker fuels -execs
DUBAI, March 15 – UAE’s Fujairah must step up investments for storage and supply of new alternative fuels as these markets are still lacking traction at the world’s third-largest bunkering hub despite …
Dubai Police warn public against sharing OTP or bank details
The Dubai Police warned the public to be vigilant against fraudsters impersonating government or banks in phone scams aimed at obtaining financial information. The Force emphasised that no government …
Sheikh Maktoum and JPMorgan Chase president discuss bank’s expansion plans
Sheikh Maktoum bin Mohammed, Deputy Prime Minister, Minister of Finance and Deputy Ruler of Dubai, and the president and chief operating officer of JPMorgan Chase discussed plans to extend the reach …
Central banks of UAE and India join forces to boost financial products
Last month, the UAE Central Bank announced a programme to accelerate the digital transformation in the financial services sector, with initiatives spanning open finance and a new digital currency. The …
RBI, UAE central bank sign pact to enhance cooperation
Mumbai, Mar 15 (PTI) The RBI and the UAE central bank on Wednesday signed an agreement to enhance cooperation in various areas, including exploring interoperability of Central Bank Digital Currencies …