DUBAI: Makhtar Diop, Managing Director of the International Finance Corporation (IFC), stated that the Washington-based organisation had provided over US$2.3 billion in financing to UAE-based …
Pimco Opens Office in Dubai as Asset Managers Flock to Region
Pacific Investment Management Co. opened a Dubai office, becoming the latest major fund manager to deepen its presence in the Middle East.
PIMCO opens Dubai office as asset managers flock to region
Pacific Investment Management Co. opened a Dubai office, becoming the latest major fund manager to deepen its presence in the Middle East. The Newport Beach, California-based firm, which manages …
IFC provided over $2.3 billion in financing to UAE-based multinational companies by end of 2024
Makhtar Diop, Managing Director of the International Finance Corporation (IFC), stated that the Washington-based organisation had provided over US$2.3 billion in financing to UAE-based multinational …
UAE in top 10 countries with most AI companies; how Golden Visas and investment will unlock $91bn GDP boost
Dmitry Kaminskiy, General Partner of Deep Knowledge Group said: “The UAE’s ranking among the top 10 countries for AI companies per capita demonstrates how targeted investments are creating an …
Dubai Islamic Bank total income grows 15.9% to $6.36bn in 2024
Pre-tax profit up 27% to $2.45 billion; Customer deposits up almost 12% to $67.8 billion; NPF ratio improves 140bps to $2.48 billion …
MENA’s most valuable fintech Tabby raises $160mn pre-IPO round
The Dubai-based company has nearly doubled its annualised transaction volumes to over $10 billion since its last funding round in October 2023 while growing profitability …
New Dubai smart index puts pressure on landlords ‘to improve maintenance and overall quality’: Experts
Landlords across Dubai are bracing for potential financial pressure as the emirate implements a new artificial intelligence-driven star-rating system for buildings, with owners of older properties …
UAE’s top Islamic lender DIB posts 16% rise in FY 2024 net profit
Dubai Islamic Bank (DIB), the biggest Islamic lender in the UAE, posted a full-year 2024 net profit of 8.16 billion dirhams ($2.2 billion), up more than 16% from a year ago. Total income for the year …
BNPL Fintech Tabby Prepares for Eventual IPO with Bank Hires
Tabby, a UAE-based buy now, pay later (BNPL) player, has reportedly hired banks to prepare for an eventual initial public offering (IPO).
UAE’s Ministry of Finance organises 3 panel discussions at WGS 2025
The UAE’s Ministry of Finance (MoF) organised two high-level panel discussions on the opening day of the World Government Summit (WGS) 2025, taking place from 11th to 13th February in Dubai.The …
UAE retail investors upbeat amid economic growth, tech boom
A recent eToro survey reveals UAE retail investors’ confidence in economic growth and tech advancements, with significant interest in real estate, technology, and global investment opportunities for …
Alieus Hedge Fund Reaches USD 30 Million in Assets Under Management (AUM)
Alieus Hedge Fund is pleased to announce that it now manages approximately $30 million in Assets Under Management (AUM). This milestone reflects the firm’s strong growth, investor confidence, and …
54 IPOs raised $12.6bn in 2024 in MENA region, shows report
The Middle East and North Africa (MENA) region saw a notable surge in initial public offerings (IPOs) in 2024, with 54 listings raising a total of $12.6bn, according to the EY MENA IPO Eye Q4 2024 …
The 2025 E-Invoicing Rollout in the UAE
The UAE government has taken steps to move towards a fully digitized tax system by adopting E-Invoices. The E-invoicing process will be mandatory …
UAE to unlock employee savings for investment
Abu Dhabi investment firm Lunate’s program will allow companies to transfer mandatory workers savings into six investment funds, a move that’s expected to benefit the country’s expat population.
Saudi Arabia’s Tabby taps banks for IPO – Bloomberg
Saudi-based buy-now-pay-later app Tabby is working with banks for an IPO, Bloomberg reported. The fintech unicorn is working with HSBC Holdings Plc, JPMorgan Chase & Co. and Morgan Stanley on the deal …