In January 2023, the UAE SWF completed the sale of 55% of Mubadala Health to G42 for $2.4 billion.
Dubai financial frenzy: Surge as investor accounts hit new record
A major uptick in investor accounts have been recorded on the Dubai Financial Market (DFM), helped by interest in the Dubai Taxi IPO …
Over 57,000 new investors flocked to DFM in 2023, driving 12.5% growth in new accounts
ABU DHABI: Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5% over the previous year, according to data released …
Dubai Financial Market records over 57,000 new investors in 2023
Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5 per cent over the previous year.
Over 57,000 new investors flocked to Dubai Financial Market in 2023, driving 12.5% growth in new accounts
Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5% over the previous year, according to data released by the …
New digital banking on the cards in UAE
Proshot Holding, a leading innovator in financial technology, has announced its ambitious plan to launch a cutting-edge digital banking platform in the UAE, …
UAE economic growth on solid track: Juwai IQI
The UAE will continue to attract more investment from global players and sophisticated investors amid economic growth stability and strong interest …
DFM sees Dhs67.5m direct deal on Al Ramz
The Dubai Financial Market (DFM … Tecom Group said on Monday it raised Dhs1.7 billion ($462.87 million) from investors for its initial public offering (IPO). The company announced its plan on June 8 …
J-Kom claims ‘Dubai Move’ aims to topple PM Anwar and his unity govt
“It is rumoured that the ‘Dubai Move’ was formulated with assignments given to … He also alleged that former prime ministers and former ministers of finance and their allies were involved in the …
Dubai robotics start-up Micropolis files for $37mln IPO in US
Dubai-based robotics start-up Micropolis has filed for an initial public offering (IPO) to raise around $37 million and intends to list its shares on the New York Stock Exchange (NYSE).
Dubai Financial Market sees $18.39mln direct deal on Al Ramz Corporation shares
DUBAI – The Dubai Financial Market (DFM) has witnessed the execution of a large direct deal on the shares of Al Ramz Corporation Investment and Development PJSC with a total value of AED67.5 million.
UAE insurance sector robust in Q3; total assets hit $35.8bn
The data shows that quarter-on-quarter performance remains equally positive, with assets rising 3.05% (AED 3.9 billion) to AED 127.7 billion between Q2 and Q3 of 2023. This sustained growth signifies …
Dubai’s property market is bracing for a slowdown
Just nine months after buying their first property in Dubai, Dina Habib and Karim Yusuf are already planning their next move within the city.The Egyptian couple, who spent …
Israel-Gaza war live: UAE calls for UN Security Council meeting on West Bank escalation
Latest from the Israel-Gaza war – in pictures …
Standard Bank and Mashreq conclude syndication facility deal for DBSA
Standard Bank, Africa’s largest bank, achieves a landmark by orchestrating a $255m syndication facility for Development Bank of Southern Africa in the UAE, diversifying funding sources and supporting …
Dubai fines brokerage $1.37m for failing to comply with regulatory requirements
The Dubai Financial Services Authority has imposed a fine of more than Dh5 million ($1.37 million) on brokerage RJ O’Brien Mena Capital for failing to comply with regulatory requirements. The fine was …
UAE issues new buy-now-pay-later rules
Acknowledging the global shifts in consumer financial trends and the increasing demand for “buy-now, pay-later” and similar credit products and services, the Central Bank of the UAE has announced the …