Dubai Holding, which is seeking to IPO its subsidiary Dubai Residential REIT, has increased the size of the offering to 15% of the entity’s capital from the previous 12.5% on the back of strong demand …
Dubai Holding increases Residential REIT IPO to 15% of issued unit capital
Dubai Holding, the investment firm owned by the emirate’s ruler, said on Monday it will raise the size of residential REIT’s initial public offering to 15% of issued unit capital, up from the earlier …
Jaywan: UAE’s new domestic card payment scheme; all your questions answered
In today’s fast-paced digital economy, seamless, secure, and cost-effective payment solutions are essential for both consumers and businesses. The way we pay for goods and services is evolving rapidly …
Dubai Holding announces increase in size of initial public offering of Dubai Residential REIT
The size of the Offering has been increased to 1,950,000,000 Units from the previously announced 1,625,000,000 Units …
Government of Dubai to Accept Crypto Payments for Fees
Dubai Finance (DOF) has signed a Memorandum of Understanding (MoU) with Crypto.com, a global cryptocurrency trading platform.
UAE’s Islamic finance strategy set to boost global sukuk market
The UAE’s ambitious plan to expand its Islamic finance sector by 2031 is set to propel the industry to new heights, reinforcing the country’s position as a global leader in sukuk issuance and Islamic …
Will your UAE bank balance automatically go to your family after you?
You need a registered UAE will to give family access to your assets without undue delays It’s a common assumption that if something happens to you, your bank account in the UAE will …
Ajman Bank and Azimut (DIFC) Limited sign distribution agreement
Ajman, UAE – Ajman Bank has signed a distribution agreement with Azimut (DIFC) Limited, a subsidiary of the global asset management firm Azimut Group, to expand the range of investment solutions …
Dubai property buyers become more picky despite thriving market, experts say
Many Dubai property investors are getting more selective about where to put their money, experts have said. The Covid-19 pandemic instigated a boom that has eased off with buyers now thinking …
Deal signed to strengthen UAE’s position as a global financial hub
In the presence of Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive …
Dubai Government Human Resources Department and ESCP Business School sign strategic partnership agreement with Emirates NBD
The memorandum of understanding (MoU) was signed during the Dubai Fintech Summit by Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group and His Excellency Abdulla Ali …
UAE and US agree on path for Abu Dhabi to buy most advanced AI chips, Trump says
U.S. President Donald Trump said on Friday the United Arab Emirates and the United States have agreed to create a path for the Gulf country to buy some of the most advanced artificial intelligence …
UAE’s Bank of Sharjah and Apex Investment added to MSCI Global Small Cap Index
Five Saudi companies also added to, and three deleted, from the widely followed index after its semi-annual review …
Chinese investment bank CICC opens branch in Dubai’s DIFC
CICC is positioning the new Dubai branch as a two-way investment banking gateway between China and the Gulf region …
Trump strikes ‘historic’ deal with UAE to build biggest AI campus outside US
The United Arab Emirates and the United States have signed an agreement for the Gulf country to build the largest artificial intelligence campus outside the United States, a type of deal that …
Wio Bank PJSC announces new Chairman and Board appointments
These appointments will help to further accelerate Wio Bank’s growth trajectory, whilst ensuring the bank continues to drive long-term value for its stakeholders, and contribute meaningfully to the UA …
US close to letting UAE import millions of Nvidia’s AI chips, sources say
The U.S. has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia’s most advanced AI chips per year, starting in 2025, two sources familiar with the situation …