Catering has set the final price for its Initial Public Offering (IPO) at AED 1.18 per share. This decision comes as the company prepares to list its shares on the Abu Dhabi Securities Exchange, with …
Oman’s OQ Exploration and Production raises $2bln in IPO
The listing is part of a privatisation programme by state-owned energy group OQ, which is helping Oman – a small non-OPEC oil producer – to diversify its economy and cut its debt …
Soon in the UAE: Open a bank account, withdraw cash with a wave of the hand
Government, semi-government, and private sector entities in the UAE can easily access the ICP’s database to … with Dh100 being deducted from your bank account. Get Breaking News Alerts From Gulf …
IPO-Bound Waaree Energies To Expand Global Reach; Eyes EU, Middle East
Waaree Energies has 13.3 GW of solar module manufacturing capacity in India, and it plans to take it to 21 GW by 2027.
Alieus Hedge Fund Raises $5 Million in 30 Days, Sets New Record After Dubai Launch
Alieus Hedge Fund Raises $5 Million in 30 Days, Sets New Record After Dubai Launch – Global Investor Interest Sparks Competition for Stakes; Key USA Meetings Scheduled Alieus Hedge Fund …
Dubai’s Emirates NBD posts flat net profit for third quarter
The bank earlier this year said it is focusing on growing its non-funded income amid expectations of interest rate cuts this year …
A Guide to Property Ownership and Registration for Nigerian Investors in Dubai
A guide for Nigerian investors navigating the ownership, freehold possibilities, legalities, and purchasing procedure of Dubai properties.
UAE: ADNH catering raises Dh864 million in successful IPO on Abu Dhabi exchange
ADNH Catering plc, a leading food and support services provider in the UAE incorporated in the Abu Dhabi Global Market (ADGM), has successfully completed t..
Dubai and Doha feature in new city competitive tracker, praised for business environment
Dubai’s strong policies to build a safe environment for doing business and the promise of attractive returns, as well as global transport connectivity, helped boost its rating. Investment in …
Kenya in talks for a $1.5 billion commercial loan with UAE, finance minister says
A $1.5 billion loan that Kenya is discussing with the United Arab Emirates is a commercial one with an 8.25% interest rate and a seven-year tenor, Kenya’s Finance Minister John Mbadi said on Wednesday …
T.C. Ziraat Bankası A.Ş. (Ziraat Bank) expands its global presence with the opening of DIFC office
This move reflects the bank’s continued commitment to provide financial services to its customers in the UAE and beyond …
Abu Dhabi’s ADNH Catering sets final IPO price
The catering unit of Abu Dhabi National Hotels has set the final IPO offer price per share at 0.96 UAE dirhams ($0.26), at the top end of the range offered when subscription began earlier this month.
UAE’s Major Step Toward Innovation In Finance
WION UAE’s Major Step Toward Innovation In Finance Posted: 16 October 2024 | Last updated: 16 October 2024 In a big move for the cryptocurrency landscape in the UAE. The central bank of the United …
Home from abroad: how working abroad can make it easier to secure a mortgage
Tens of thousands of Irish people go abroad every year: many see it as a short-term plan to turbocharge their homebuying prospects …
UAE’s ADNH Catering confirms IPO price at Dh0.96/share, gross proceeds at Dh864m
UAE’s latest IPO offered 40%, and each of 3 tranches was oversubscribed Dubai: The UAE’s latest IPO, from ADNH Catering, has set the price at Dh0.96 a a share, which is at the higher end of the range …
Dubai International Financial Centre announces digital assets will and English-language notary service
Dubai International Freezone announces new will for digital assets and major new English-language notary services …
UAE Strengthens Anti-Money Laundering Framework: Key Updates and Amendments
The UAE has reinforced its commitment to combating financial crime with significant updates to its anti-money laundering (AML) legislation.