Dubai debut following an initial public offering that attracted $34bn in orders, underscoring the continued appetite for listings in the oil-rich Gulf. Empower, as the district cooling firm is known, …
Dubai-Based Emerging Markets Property Group, Owner Of Bayut And Dubizzle, Raises US$200 Million Ahead Of An IPO “In The Near Future”
Currently present in more than 50 cities, EMPG operates classified platforms across emerging markets, with a focus on the MENA and South East Asia regions.
UAE consumers can soon take up insurance complaints with Central Bank’s Ombudsman unit
UAE Central Bank confirms plans to set up insurance ombudsman unit for speedy resolution UAE consumers having concerns on their insurance policies could soon have a chance to take it up with a higher …
Hedge Fund LMR Joins Millennium, Schonfeld to Open in Dubai
Most Read from BloombergFTX’s Balance Sheet Was BadMusk Publicly Punishes Twitter Engineers Who Call Him Out OnlineWorld’s Biggest Crypto Fund Hits Record 42% Discount to Value of Bitcoin It HoldsFTX …
Dubai records over $490mln in realty transactions Tuesday
DUBAI – Dubai real estate market recorded 553 sales transactions worth AED1.43 billion, in addition to 107 mortgage deals of AED387.11 million, and 12 gift deals amounting to AED43.73 million on …
Spike in UAE mortgage rates: Homebuyers are running to refinance their UAE mortgages into cheaper, lower fixed rates
Post the fixed period, all mortgages become variable and follow the structure of 1M or 3M EIBOR + Bank margin, unless refinanced into fixed rates for another period of 1-5Y.
Revenue of UAE banks to soar to $25bn by 2030 on pivot to digitisation
The revenue of UAE banks is expected to surge by 52 per cent to about $25 billion by 2030, with digital transformation playing a key role in boosting operations and customer services, the chairman of …
Hedge Fund LMR Joins Millennium, ExodusPoint to Open in Dubai
Most Read from BloombergFTX’s Balance Sheet Was BadMusk Publicly Punishes Twitter Engineers Who Call Him Out OnlineChina Plans Property Rescue in Latest Surprise Policy ShiftBiden, Xi Chart Path to …
Empower shares surge on Dubai Financial Market debut
Shares of Emirates Central Cooling Systems Corporation, known as Empower, Dubai’s district cooling provider, surged as much as 9 per cent above the company’s listing price as it made its debut on the …
Dubai’s TECOM to pay $54.4mln interim cash dividend
The payout, which is equivalent to 4.0 fils per share, was approved during the company’s first general meeting since listing on the Dubai Financial Market (DFM) in July this year. It is in line with …
UAE Golden Visa announcement: Online quiz revealed to check eligibility in 2 minutes
The test will help users understand if they are eligible to receive a Golden Visa UAE Golden Visa announcement: Online quiz revealed to check eligibility in 2 minutes 10-year visa in UAE, Abu Dhabi …
Sheikh Khaled attends Abu Dhabi Finance Week opening ceremony
Sheikh Khaled bin Mohamed, member of the Abu Dhabi Executive Council and chairman of the Abu Dhabi Executive Office, attended the opening ceremony of Abu Dhabi Finance Week at the Emirates Palace …
Bayut And Dubizzle Owner EMPG Raises US$200 Million And Reveals IPO Plans
Emerging Markets Property Group (EMPG), the Dubai-based unicorn that owns property website Bayut and online classified platform dubizzle in the UAE, has raised US$200 million in a funding round, in a …
Amlak Finance announces third quarter 2022 financial results
Amlak Finance PJSC today announced its Q3 2022 financial results. Amlak reported a net profit of AED 390 million in the first 9 months of 2022 as compared to net profit of AED 1,084 million for the …
UAE: Man accused of taking Dh85,000 from woman swears on God he did not do so; case gets dismissed
A young woman had filed a lawsuit against a man accusing him of taking Dh85,000 from her in form of a loan after promising to marry …
Zomato UAE delivery service to shut down, staff to lose jobs
Zomato’s food ordering feature in the UAE is set to be discontinued from November 24, 2022.. Zomato UAE delivery service to shut down, staff to lose jobs. Application, Talabat, UAE, Zomato, Zomato UAE …
Dubai real estate: $490m of transactions on Monday
Week starts with $378m of property sales in Dubai Dubai real estate: $490m of transactions on Monday Real Estate …