ABU DHABI, 6th November, 2024 (WAM) — Net international reserves of the UAE’s banking sector increased by 11.1%, or AED127.5 billion, during the first seven months of 2024, reaching AED1.273 trillion …
UAE’s banking sector net international reserves up 11% by end July-24
ABU DHABI: Net international reserves of the UAE’s banking sector increased by 11.1%, or AED127.5 billion, during the first seven months of 2024, reaching AED1.273 trillion at the end of July, …
UAE: Lulu IPO oversubscribed 25 times; shares priced at Dh2.04
The offering raised gross proceeds of Dh6.32 billion, making it the largest UAE IPO of 2024 to date. Stay up to date with the latest news. Follow KT on WhatsApp Channels. On Monday, Lulu Retail …
Lulu’s IPO raises AED6.32 billion, share price set at AED2.04
Lulu Retail Holdings PLC today announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).Lul …
LuLu Retail attracts $37bn of demand, Talabat to launch IPO as early as Monday
LuLu Retail breaks demand records, as international investors take 30% of the book, including Vanguard and GIC …
Will UAE dirham strengthen against global currencies after Trump win?
Donald Trump’s bodes well for the dollar and the UAE dirham which is pegged to the US currency as well local equity markets.On Wednesday, greenback soared nearly two per cent to hit four-month high …
UAE announces grace period for taxpayers
The UAE has offered a grace period to taxpayers to help them avoid fines and penalties resulting from tax records.
MENA IPO outlook remains cautiously optimistic in Q3 2024, with five IPOs raising $0.93bln
KSA dominated listing activity with three IPOs The third quarter saw the region’s first non-GCC listing this year in Egypt Dubai, UAE – According to the EY MENA IPO Eye Q3 2024 report, listings in the …
Why Dubai’s crypto future is female led
Dubai’s strategic focus on inclusivity has allowed women to step into critical roles, contributing to the global crypto economy …
UAE debt market registers 13.1% YoY growth, Fitch Ratings says
The growth in the country’s debt capital markets demonstrates its expanding financial landscape and its strategic role in the global Islamic finance market …
UAE’s Adnoc Agrees 15-Year LNG Supply Deal With Germany’s SEFE
(Bloomberg) — Abu Dhabi National Oil Co. agreed to sell liquefied natural gas to Germany’s SEFE for 15 years starting 2028, a deal that expands the United Arab Emirates’ efforts to become a key …
How much does it cost to raise a child in the UAE? Experts answer
From school costs, housing, and insurance, there’s a lot of factors to consider, experts told Arabian Business …
UAE’s FasterCapital launches global funding programme for EV startups
UAE-based FasterCapital unveiled a new initiative on supporting and funding electric vehicle (EV) startups worldwide. The initiative, part of FasterCapital’s Raise Capital programme, aims to empower …
Lulu Retail Boosts IPO Size to 30% Amid High Investor Demand
Dubai Lulu Retail Holdings, the prominent Middle Eastern retail chain, expanded its IPO on the Abu Dhabi Securities Exchange (ADX) from 25% to 30% due to substantial investor interest. This adjustment …
Dubai Financial Services Authority slaps $100,000 fine on firm for unauthorised and misleading financial promotions
The Dubai Financial Services Authority (DFSA) published on Tuesday a Decision Notice against Vedas International Marketing Management (Vedas Marketing) for unauthorised and deceptive financial …
UAE jobs: Salaries to see ‘decent increase’ in these roles in 2025
Apart from pay, other priorities for employees here are work-life balance, flexible work arrangements, living allowances and commute time …
UAE’s debt capital markets demonstrated robust growth with a 13.1% YoY increase: Fitch Ratings
DUBAI: Bashar Al Natoor, Managing Director & Global Head of Islamic Finance at Fitch Ratings, stated that the UAE’s debt capital markets (DCMs) have demonstrated robust growth with a 13.1 percent year …