MENA IPOs in 2024. This was followed by Alef Education Consultancy with its listing on the Abu Dhabi Securities Exchange (ADX), which contributed 19.5 per cent of proceeds with th …
MENA region saw 14 IPOs valued at $2.64bln in Q2 2024
The UAE had two listings in Q2, Alef Education Consultancy LLC and Spinneys 1961 Holding Plc Kuwait saw first listing since 2019 with Beyout Investment Group (BIG) Holding Co. on the KSE Dubai, UAE – …
UAE national banks provided Dhs 49.5 billion in credit facilities to private sector in 5 months, up 4.5%
Credit facilities provided by the UAE national banks to the private sector reached Dhs49.5 billion during the first five months of 2024, raising the cumulative total to Dhs1.182 trillion at the end of …
UAE national banks provided $13.48bln in credit facilities to private sector in 5 months, a growth of 4.5%
National banks’ financing to the private sector increased on a monthly basis by 1.22 percent, or AED14.3 billion, while on an annual basis, it increased by 5.3 percent, or AED59.7 billion …
India’s SBI aims to sell its Yes Bank stake worth $2.2 bln by end-March, sources say
In a response to Reuters’ query, Yes Bank said it had “no comments to offer regarding (the) stake sale as these inquiries are speculative in nature.” RBI and Emirates NBD, Dubai’s biggest bank, did …
UAE economy continues robust growth across real estate, tourism, manufacturing: OPEC
Younis Haji Al Khoori, Undersecretary of the Ministry of Finance (MoF), said the UAE economy is projected to grow by 5.7% in 2024 despite prevailing global economic challenges, The Expo 2020 Dubai …
Abu Dhabi Wealth Fund ADQ Said to Eye Bank Audi’s Turkish Unit
No final decisions have been made and there’s no certainty that ADQ will ultimately buy the bank, the people said. Representatives for ADQ declined to comment. Bank Audi and Odeabank did not respond …
Explainer: UAE tightens anti-money laundering laws, forms new committees to fight financial crime
“These amendments are in line with the UAE’s ongoing efforts to develop its legislative and legal system, aiming to further strengthen the country’s legal framework in support of the authorities’ …
Bank of Bahrain and Kuwait partners with DP World Trade Finance to boost region’s trade
This strategic collaboration aims to maximise BBK’s global presence in Bahrain, Kuwait, UAE, India and Turkey, to offer trade finance solutions to businesses globally, reflecting the Bank’s commitment …
U.S. Sends Carrier, Missile Submarine to Middle East as Iran Tensions Grow
Washington is building up its capabilities in the region to deter Iran and defend Israel amid concerns of wider escalation.
UAE seeks solo trade agreements as intra-Gulf rivalry heats up
The United Arab Emirates (UAE), the Arab world’s second-largest economy, is increasingly pursuing independent bilateral trade agreements, bypassing the Gulf Cooperation Council (GCC), the Saudi Arabia …
10th P2P Financial Systems International Workshop coming to Dubai in association with VARA (P2PFISY 2024)
Dubai’s progressive stance … Previous editions have been hosted by prestigious institutions such as the Federal Reserve, Deutsche Bundesbank, Bank of Italy, and the European Central Bank, with …
‘You Have the Money, You Can Make the Rules’: A New Era of Middle East Wealth
It used to be one of the most profitable corners of the investment industry. Listen to the Big Take to find out why the dynamics in the region are shifting.
Nuvama Private launches Dubai branch to serve non-resident Indians
The private banking firm is opening new doors to growing Indian market opportunities for Indians living overseas.
Kuwait’s Warba Bank Lists USD 500 Mln Sukuk At Nasdaq Dubai
Methen DUBAI, Aug 12 (KUNA) — Kuwait’s Warba bank CEO, Shaheen Al-Ghanim, on Monday, rang the opening bell of the trading session at the nasdaq Dubai Stock Exchange, announcing the listing of green …
Al Fardan Exchange Leads AI Integration in Finance as Key Partner of Dubai AI & Web3 Festival
Al Fardan Exchange is pleased to announce its partnership with the Dubai AI & Web3 Festival 2024, following the signing of a Memorandum of Understanding (MoU) between both parties. This collaboration …
DMCC accounts for 15 per cent of FDI to Dubai
Dubai’s GDP exceedS Dh115 billion in the first quarter of 2024 with its economy growing at 3.2% compared to the same period in 2023 …