The UAE Central Bank reduced its benchmark interest rate by 25 basis points, following the US Federal Reserve’s move on Thursday to cut rates to improve business conditions as inflationary pressures …
Dubai named top city in Middle East and North Africa for second year running
Dubai has been ranked the top city in the Middle East and North Africa for a second consecutive year in a new report judging cities across the world. The emirate came fifth best in the world, with …
UAE: Amlak Finance logs $14.4mln profits in Q3-24
The revenues from financing and investing business increased by 14% year-on-year (YoY) to AED 103 million in Q3-24 from AED 90 million …
NBK named market leader in digital payment acceptance at the Mastercard EDGE Forum 2024 in Dubai
National Bank of Kuwait (NBK) received the “Market Leader in Digital Payment Acceptance” Award at the Mastercard EDGE Forum 2024 in Dubai.
Emirates Development Bank and Commercial Bank International empower SMEs through credit guarantee partnership
Dubai, United Arab Emirates: In a move to significantly boost financial inclusion and empower SMEs, Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of economic development …
UAE-built RABDAN FA-400 to get MANSUP Surface-to-Surface Missile launcher
This comes after Abu Dhabi Ship Building signed a strategic partnership with Brazilian smart weapons company SIATT …
UAE Central Bank announces M-Bills auction on Nov.11
The Central Bank of the UAE (CBUAE) on Thursday announced an auction of Monetary Bills (M-Bills) on 11th November. According to CBUAE data, the auction …
How to gather the down payment to buy your first UAE property
Many UAE residents aim to climb the property ladder but, while a plethora of finance plans are available, saving for the down payment can be challenging. It is worth exploring all options, including …
Lulu generates demand for $37 billion, becomes largest IPO in UAE this year
The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date. Lulu Retail’s shares …
UAE’s banking sector net international reserves up 11% to AED1.273 trillion by end July-24
ABU DHABI, 6th November, 2024 (WAM) — Net international reserves of the UAE’s banking sector increased by 11.1%, or AED127.5 billion, during the first seven months of 2024, reaching AED1.273 trillion …
UAE’s banking sector net international reserves up 11% by end July-24
ABU DHABI: Net international reserves of the UAE’s banking sector increased by 11.1%, or AED127.5 billion, during the first seven months of 2024, reaching AED1.273 trillion at the end of July, …
UAE: Lulu IPO oversubscribed 25 times; shares priced at Dh2.04
The offering raised gross proceeds of Dh6.32 billion, making it the largest UAE IPO of 2024 to date. Stay up to date with the latest news. Follow KT on WhatsApp Channels. On Monday, Lulu Retail …
Lulu’s IPO raises AED6.32 billion, share price set at AED2.04
Lulu Retail Holdings PLC today announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).Lul …
LuLu Retail attracts $37bn of demand, Talabat to launch IPO as early as Monday
LuLu Retail breaks demand records, as international investors take 30% of the book, including Vanguard and GIC …
Will UAE dirham strengthen against global currencies after Trump win?
Donald Trump’s bodes well for the dollar and the UAE dirham which is pegged to the US currency as well local equity markets.On Wednesday, greenback soared nearly two per cent to hit four-month high …
UAE announces grace period for taxpayers
The UAE has offered a grace period to taxpayers to help them avoid fines and penalties resulting from tax records.
MENA IPO outlook remains cautiously optimistic in Q3 2024, with five IPOs raising $0.93bln
KSA dominated listing activity with three IPOs The third quarter saw the region’s first non-GCC listing this year in Egypt Dubai, UAE – According to the EY MENA IPO Eye Q3 2024 report, listings in the …