Nasdaq Dubai has welcomed the listing of a US$1.5 billion Green Sukuk by DP World, a leading provider of global end-to-end supply chain solutions. The dually listed Sukuk issuance proceeds will be …
UAE sustainable finance working group launches the ‘Principles for the effective management of climate-related financial risks’
The Principles were developed by the UAE Sustainable Finance Working Group (SFWG) and are a declaration of common understanding among the group members on the minimum standards for the management of …
Dubai Islamic Bank advocates for climate action at COP28 as an Associate Pathway partner
Dubai Islamic Bank (DIB) will participate in COP28 with a greenled strategy, emphasizing its pledge to sustainability and climate action …
UPDATE 1-Dubai to offer 25% of taxi operator in IPO, testing market appetite
DUBAI, Nov 13 (Reuters) – Dubai plans to offer 25% of shares in its taxi business through an initial public offering (IPO), the company said in a statement on Monday, the latest public share sale as part of a broader privatisation programme of state assets.
Dubai to offer 25% stake in taxi business in planned IPO
DUBAI, Nov 13 (Reuters) – Dubai plans to offer 25% of shares in its taxi business through an initial public offering (IPO), the company said in a statement on Monday, as part of a broader privatisation programme of state assets. Dubai Taxi Company …
Dubai Taxi IPO: When to buy shares, rates – Everything we know so far
Aside from Dubai Taxi’s IPO announcement, recent IPO announcements in the UAE include Investcorp Capital Plc, which raised $451 million and Phoenix Group, a cryptocurrency mining hardware retailer, …
UBA Take Over Dubai-Based Stallion Group’s Assets Over N156 Billion Debt, Lists Kuda, Opay, Others
The United Bank for Africa has taken over the assets of a Dubai-based Stallion Group over an N156 billion judgment debt by a Federal High Court in Lagos.
Mastercard collaborates with Dubai Islamic Bank to introduce cross-border payment services
The collaboration leverages Mastercard Cross-Border Services to enable the bank to provide real-time remittances through its digital channels across more than 40 countries worldwide …
Dubai Taxi IPO: Shares, prices, dividends, who can buy; all your questions answered
A law announced on Sunday recognises the transport solutions provider as a public joint-stock company with financial and administrative independence …
Lawsuit Alleges ByBit, Several Execs Used Fraudulent Scheme To Withdraw Nearly $1B From FTX Before Collapse
The defendants were able to withdraw a whopping $953 million after allegedly pressuring FTX employees to speed up their requests and while regular customers faced delays.
Dubai Taxi IPO: 25% stake to list on Dubai Financial Market
Based on a statement by Dubai Taxi Company, 624,750,000 shares each with a nominal value of Dhs0.04 will be made available in the offering …
Explainer: How corporate tax is reshaping the UAE economy and the SME sector
This year has been a pivotal year for the UAE, as the country ushers in a new era with the introduction of corporate tax …
EY ESG MENA Bank Tracker: Nearly three-quarters of top MENA banks have introduced ESG strategies
Inaugural EY ESG MENA Bank Tracker shows nearly 75% of MENA banks analyzed have introduced ESG strategies into their operations …
Dubai FinTech Summit set to bring together over 8,000 global leaders to drive future of finance
As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2% CAGR to $949bln from 2022 to 2030 …
How UAE residents can take part in COP28 this year
In the next couple of weeks, the UAE will host over 70,000 delegates, including heads of state, civic and world leaders, environmental experts and advocates, for COP28 or the 28th meeting of the …
Dubai Taxi Company: Sheikh Mohammed issues law; IPO on the cards
Sheikh Hamdan issued Executive Council Resolution No (92) of 2023 forming the Board of Directors of Dubai Taxi Company …
Dubai Taxi to launch IPO as Sheikh Mohammed issues new law
Dubai Taxi will sell shares through an initial public offering (IPO) after it was converted into a public joint stock company by the Government of …