Dubai Islamic Bank (DIB), the biggest Islamic lender in the UAE, posted a full-year 2024 net profit of 8.16 billion dirhams ($2.2 billion), up more than 16% from a year ago. Total income for the year …
BNPL Fintech Tabby Prepares for Eventual IPO with Bank Hires
Tabby, a UAE-based buy now, pay later (BNPL) player, has reportedly hired banks to prepare for an eventual initial public offering (IPO).
UAE’s Ministry of Finance organises 3 panel discussions at WGS 2025
The UAE’s Ministry of Finance (MoF) organised two high-level panel discussions on the opening day of the World Government Summit (WGS) 2025, taking place from 11th to 13th February in Dubai.The …
UAE retail investors upbeat amid economic growth, tech boom
A recent eToro survey reveals UAE retail investors’ confidence in economic growth and tech advancements, with significant interest in real estate, technology, and global investment opportunities for …
Alieus Hedge Fund Reaches USD 30 Million in Assets Under Management (AUM)
Alieus Hedge Fund is pleased to announce that it now manages approximately $30 million in Assets Under Management (AUM). This milestone reflects the firm’s strong growth, investor confidence, and …
54 IPOs raised $12.6bn in 2024 in MENA region, shows report
The Middle East and North Africa (MENA) region saw a notable surge in initial public offerings (IPOs) in 2024, with 54 listings raising a total of $12.6bn, according to the EY MENA IPO Eye Q4 2024 …
The 2025 E-Invoicing Rollout in the UAE
The UAE government has taken steps to move towards a fully digitized tax system by adopting E-Invoices. The E-invoicing process will be mandatory …
UAE to unlock employee savings for investment
Abu Dhabi investment firm Lunate’s program will allow companies to transfer mandatory workers savings into six investment funds, a move that’s expected to benefit the country’s expat population.
Saudi Arabia’s Tabby taps banks for IPO – Bloomberg
Saudi-based buy-now-pay-later app Tabby is working with banks for an IPO, Bloomberg reported. The fintech unicorn is working with HSBC Holdings Plc, JPMorgan Chase & Co. and Morgan Stanley on the deal …
MENA IPOs raised $12.6bn last year, more growth expected in 2025
According to the EY MENA IPO Eye Q4 2024 report, MENA markets saw a total of 54 initial public offerings (IPOs) in 2024, raising $12.6bn in total. When compared to 2023, last year recorded a 12.5 per …
Saudi Arabian Unicorn Tabby Taps HSBC, JPMorgan, Morgan Stanley for IPO
Saudi Arabia-based Tabby, one of the Middle East’s first fintech unicorns, has hired banks to help prepare for an eventual initial public offering, according to people familiar with the matter.
Insights: Dubai’s role in driving financial evolution
The ECN technology is poised to be a game changer in the region, enabling the introduction of new financial instruments on the platform.
UAE continues AED bond issuances to strengthen local debt market
Younis Haji AlKhoori, Under-Secretary of the Ministry of Finance, said that the Ministry of Finance is continuing its plans for bond issuances in UAE dirham to develop the local debt market by …
UAE eyes quantum computing for financial services
Middle East financial firms are investing heavily in quantum computing, with one of the world’s top quantum research centres in Abu Dhabi …
Grant Thornton UAE opens in Sharjah
Grant Thornton UAE, one of the leading financial services companies, has announced the opening of its new office in Sharjah, in a step that represents a significant milestone in the company’s growth …
Ninth Arab Fiscal Forum focuses on enhancing public finance resilience
The Ninth Arab Fiscal Forum, jointly organised by the Ministry of Finance, the Arab Monetary Fund and the International Monetary Fund, kicked off on Monday …
MENA region recorded 54 IPOs raising $12.6b during 2024
Oman reported its largest IPO to date in Q4 with OQ Exploration & Production raising US$2.0b Saudi Arabia continued to dominate listings with 17 IPOs in Q4 2024 Dubai, UAE – According to the EY MENA …