A top UAE official said the global stocktake to take place at Cop28 should be seen as a “moment of hope”.Speaking at the Middle East and North Africa climate week on Sunday, Majid Al Suwaidi called …
Oman’s OQ Gas Networks expected to price IPO at top of range
Oman’s OQ Gas Networks (OQGN), the pipeline business of state oil giant OQ, is expected to price its $771 million initial public offering (IPO) at the top of the marketed range, according to terms …
Dubai maintains top global ranking for attracting Greenfield FDI projects in H1 2023
Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 greenfield projects in H1 2023, as per Financial Times ‘fDi …
UAE participates in World Bank and IMF meetings in Marrakech
The United Arab Emirates, represented by the Ministry of Finance, announced its participation in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) taking …
UAE Tech Podcast: GIGA, Banking For the Gig Economy
Originally from Estonia but a long-term resident of Japan, and Japanese speaker, Raul Allikivi has successfully negotiated the regulatory climate in Tok …
The Third“Ethraa” Career Fair Set To Launch On October 9, Offering Over 800 Job Opportunities For UAE Nationals In The Financial Sector
In the presence of H.E. Khaled Mohamed Balama Governor of the Central Bank of the UAE (CBUAE) and Chairman of the Board of Directors of the Emira …
World Bank Revises UAE’s 2023 And 2024 Growth Forecast Upward
World Bank has revised the UAE’s GDP growth forecast for 2023 and 2024 on the back of strong growth in oil and non-oil sectors. The latest …
Doing Business in the UAE: A Guide to the Financial, Business, and Legal Considerations for Navigating the UAE’s Dynamic Market – Fourth Edition
This guide provides an overview of the principal legal issues for foreign investors considering doing business in the United Arab Emirates (the UAE). Formed on December 2, 1971, the UAE is a federal …
UAE Foreign Minister hosts UK’s David Lammy for green energy talks ahead of Cop28
The UK’s shadow foreign secretary David Lammy met the UAE’s Minister of Foreign Affairs Sheikh Abdullah bin Zayed to discuss bilateral relations. Co-operation between the UAE and Britain on renewable …
First Abu Dhabi Bank issues largest-ever USD Tier 2 bond from a UAE Bank
ABU DHABI – First Abu Dhabi Bank (FAB), UAE’s largest bank and one of the world’s largest and strongest financial institutions, successfully issued its inaugural USD Tier 2 capital securities on …
Dubai’s Emirates NBD rolls out wealth platform amid IPO boom
Emirates NBD, Dubai’s largest lender, has rolled out a digital wealth platform targeting stock market investors, as the initial public offering (IPO) boom continues in the UAE and the rest of the …
Dubai index tracks global shares higher
DUBAI: Dubai’s stock index closed higher on Friday, following global equities over hopes of a subdued US payrolls number later in the day, though Abu Dhabi shares bucked the trend. MSCI’s All-Country …
FAB issues largest-ever USD tier 2 bond from a UAE Bank
UAE’s largest bank and one of the world’s largest and strongest financial institutions, successfully issued its inaugural USD Tier 2 capital securities on Tuesday, September 26, 2023. The USD 1 …
Dubai’s Shuaa plans rights issue after key shareholder reduces stake
The funds will also be used to repay a bond due at the end of October Shuaa is seeking consent from bondholders to extend the payment deadline for the debt because the rights issue is unlikely to be …
UAE businesses start rupee settlements with Indian suppliers – and using up less of dollars
“More will adopt the Local Currency Settlement system, especially since India and UAE are large trading partners.” The mechanism will use existing banking systems and convert payments into either …
Student faces year in Dubai prison after ‘airport altercation’
A student faces being jailed in a UAE prison for a year after she was accused of “assaulting and insulting” staff while transiting through the airport in Dubai. But a charity representing her said she …
Luxury hotels operator FIVE Holdings plans UAE IPO in 2025
“Luxury hotels operator FIVE Holdings plans UAE IPO in 2025” was originally created and published by Hotel Management Network, a GlobalData owned brand.