Gurugram based unicorn Policybazaar’s valuation is likely to surge significantly with Abu Dhabi based investment firm ADQ set to invest $70 million in the online insurance aggregator platform business …
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UAE’s Hope probe sends back first image of the Red Planet after entering the orbit
The UAE’s “Hope” probe sent back its first image of Mars, the national space agency said Sunday, days after the spacecraft successfully entered the Red Planet’s orbit. The picture “captured the …
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Sales Executive, Receptionists top hires in UAE
Receptionist (19%), and Sales Manager (17%) emerged as the top roles that UAE employers are hiring for in the coming quarter in a survey conducted recently by Bayt.com, the Middle East’s top job site, …
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IPO price for Saudi Alkhorayef Water set at $19.20 per share
Investment bank Saudi Fransi Capital said Sunday that the final offer price for the initial public offering (IPO) of Alkhorayef Water & Power Technologies Company (AWTC) is 72 Saudi riyals ($19.20) …
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Central Bank’s total assets up 6.6% to Dhs470.5 billion in December
The total assets of the Central Bank of the United Arab Emirates grew 6.6 per cent to Dhs470.5 billion by the end of December 2020, CBUAE latest statistics have showed.
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Fund Managers Deny ‘Baseless’ Claims In $2B Tax Fraud Suit
Two former employees of a British hedge fund at the center of action brought by Denmark’s tax authority against dozens of financial professionals have hit back at “baseless” allegations that they took …
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Why the UAE could emerge as the preferred destination for Indian investments
Indian government takes decision to reclassify the UAE, making it more attractive for foreign portfolio investors …
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UAE trust law creates ‘hugely important tool’ for wealth sector
Investors ‘have a new structure in which to hold their assets efficiently and with full legal recognition’ #pinsentmasons #trusts #uae …
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How Mars mission success could send ‘Brand UAE’ stratospheric
The UAE’s Hope Probe on Tuesday completed a complex manoeuvre – the most critical part of the mission – that saw the spacecraft rapidly reducing its speed from 121,000km/h to 18,000km/h to enter Mars’ …
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UAE catapults into a new era of innovation, conquest of space
The UAE became first Arab country and fifth in the world to reach the Mars after the Hope Probe successfully entered the Red Planet’s orbit on Tuesday. Dr Raja Al Gurg, President of the Dubai Business …
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Saudi IPO market set for bumper year boosted by lockdown savings
Saudi Arabia’s stock market is set for another bumper year of stock market listings with several sizeable initial public offerings (IPO) in the pipeline as investors look to allocate a pile of cash …
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Cental Bank of UAE fines an exchange house Dh504,000
The exchange house was found with weak anti-money laundering compliance framework Abu Dhabi: The Central Bank of the UAE (CBUAE) recently imposed a financial sanction on an exchange house operating in …
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Goldman Bankers Join Saudi Media Group With Global Ambitions
Saudi Research & Marketing Group hired two bankers from Goldman Sachs Group Inc. in the Gulf as one of the Middle East’s biggest media companies shakes up its senior ranks and looks to bolster its …
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CIMIC shares drop as Middle East joint venture rated zero value
Australias biggest construction company, CIMIC, has given zero value to its Middle East business but says it still remains in talks with potential acquirers interested in buying out its stake while a …
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UAE Businessman’s Israeli Soccer Dream in Flux After Audit
An Emirati businessman’s proposed deal to become part-owner of an Israeli soccer club is hanging in the balance after the league raised questions about his net worth and investments.
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Kentech sets sight on IPO after deal to buy SNC-Lavalin’s oil and gas business
Dubai-based services company aims to seek public listing once integration of Canadian contractor’s oil and gas unit is complete …
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Kentech sets sights on IPO after deal to buy SNC-Lavalin’s oil and gas business
Dubai-based services company aims to seek public listing once integration of Canadian contractor’s oil and gas unit is complete …
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