In celebration of the UAE s 53rd National Day, Mbank, the UAE’s leading digital bank, is thrilled to announce the launch of Jaywan Cards, the UAE s first National Debit Card, through its groundbreakin …
Delivery Hero Middle East Unit Prepares for IPO of the Year in the Emirates
Talabat Holding, one of the largest food delivery companies in the Middle East, is set to raise about $2 billion in the United Arab Emirates’ largest initial public offering (IPO) this year after its …
UAE price hikes: 3 things that may cost more for residents in 2025
With 2025 just a few weeks away, it could be a good time to revisit budgets for the next year. If you live in Dubai or you regularly drive to the emirate f..
UAE waives 1,277 citizens’ debt worth Dhs401 million
The Nationals Defaulted Debts Settlement Fund (NDDSF) announced the exemption of 1,277 citizens from their debts with a total value of Dhs401,791,000, …
Talabat raises $2bn from biggest Gulf IPO this year
Talabat Holding, the Middle Eastern unit of Germany’s food delivery platform Delivery Hero, has raised Dh7.5 billion ($2.04 billion) through its initial public offering, setting the price at the top of the range for the biggest public float in the Gulf this year.
Amanat hires SNB Capital for education business IPO
Amanat Holdings, a Dubai-listed investment company, has appointed SNB Capital to manage the proposed sale of a 30 percent stake in its education business through an initial public offering (IPO) in Saudi Arabia next year.
‘Die in Dubai’ to dodge Labour’s pension tax raid, rich told
Pensioners could shield their grieving families from Rachel Reeves’s inheritance tax raid by moving to Dubai, experts have suggested. Around 10,000 Britons already move there each year, benefitting …
Republic Bank Plc relaunches “Tap, Win and Fly to Dubai” promo
The “Tap, Win, and Fly to Dubai” with Republic Bank promotion is open to all Republic Bank Ghana VISA Credit Cardholders and the General Public. The promotion is being run in collaboration with the …
Dubai real estate: Discovery Dunes looks to attract wealthy investors as residential sales passed $32.7bn in Q3
According to global real estate leader, CBRE, Dubai reached AED120bn ($32.7bn) in residential sales in Q3, marking an increase of over 30 per cent compared to the same period last year.
Reem Finance taps Temenos to set up new digital bank in UAE
Reem Finance has partnered with software provider Temenos to launch its new digital community bank in the UAE. This initiative is part of Reem Finance’s strategy to drive digital transformation and …
UAE: Talabat increases IPO size to 20% due to strong investor demand
Based on the unchanged price range for the sale of its shares of Dh1.50 to Dh1.60, the revised IPO size is expected to rake range between Dh7 billion and Dh7.5 …
UAE, Jordan boost economic ties
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, met on Friday with Dr Abdelhakim Shibli, Minister of Finance of the Hashemite Kingdom …
Reem Finance taps Temenos to power a digital community bank in the UAE
Reem Finance, a corporate and retail finance specialist licensed and regulated by the UAE Central Bank, has selected Temenos to power a new digital community bank in the United Arab Emirates.
Talabat raises $2bn in Dubai IPO as Gulf flotations shine
Abu Dhabi’s state energy company floated its fuel distribution unit in 2017, raising about $850mn. Dubai’s state utility company raised $6.1bn in 2022, and state parking group Parkin raised $429mn …
Delivery Hero’s Talabat Prices IPO at Top End of Range; Values Firm at $10.1 Billion
Delivery Hero’s Talabat priced its Dubai initial public offering at the top end of the previously announced range, implying a market value of around $10 billion.
Dubai Islamic Bank donates $1.36mln to Faraj Fund to support insolvent inmates
This support enabled the release of 85 financially insolvent inmates and convicts from penal and correctional institutions across the UAE …
Delivery Hero’s Talabat sets Dubai IPO price at top end, to raise $2 bln
Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering in the United Arab Emirates, after its parent …