Lulu Group expected to announce plans to proceed with an IPO on the Abu Dhabi Securities Market (ADX) by early next week.
Project Aperta: UAE joins cross-border finance scheme as it looks to boost SME trade worldwide
The Central Bank of the UAE announced its collaboration on a significant initiative titled “Project Aperta” that aims to connect open finance infrastructures of multiple jurisdictions to advance the …
CBUAE advances cross-border open finance interoperability for businesses, financial institutions with project Aperta by BISIH
New project seeks to enable financial institutions and third-party providers to establish mutual trust across borders and exchange data within an end-to-end trusted environment …
Dubai Islamic Bank’s Access auto finance for people of determination
ACCESS Auto Finance rolls out with competitive financing rates and customised repayment plans to facilitate vehicle ownership for People of Determination and their family members, ensuring they have …
Meydan Free Zone and Bank of Baroda sign strategic MoU to enhance business opportunities
This collaboration represents a significant advancement in the sector and underscores the commitment of both organizations to empower small and medium enterprises (SMEs) and foster sustainable economi …
SAG Holdings Ltd (SAG) to Raise $8 Million in IPO
SAG Holdings Ltd (SAG) expects to raise $8 million in an IPO on Tuesday, October 22nd, IPO Scoop reports. The company will be issuing 1,000,000 shares at $8.00 per share. In the last twelve months, …
UAE’s top bank FAB beats third-quarter profit estimates
First Abu Dhabi Bank , the United Arab Emirates’ biggest lender by assets, beat third-quarter profit estimates on Friday, helped by factors such as “increased client activity”, which boosted revenue.
UAE’s top bank FAB beats third-quarter profit estimates
First Abu Dhabi Bank , the United Arab Emirates’ biggest lender by assets, beat third-quarter profit estimates on Friday, helped by factors such as “increased client activity”, which boosted revenue.
UAE’s biggest bank FAB posts Q3 profit at $1.2bln; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q3 2024 net profit of 4.46 billion dirhams ($1.2billion), 5% higher than in the year-ago period on higher revenue growth that offset a jump …
UAE’s biggest bank FAB posts Q3 profit at $1.2bln; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q3 2024 net profit of 4.46 billion dirhams ($1.2billion), 5% higher than in the year-ago period on higher revenue growth that offset a jump …
UAE announces TradeTech incubator as it supports logistics, AI and finance startups
The UAE will support startups developing advanced technology solutions for use in the trade sector after launching a new specialised incubator. Dr. Thani Al Zeyoudi, Minister of State for Foreign …
Dubai: Can dynamic pricing at Salik toll gates decongest roads?
Currently, the operator is charging a fixed a fee of Dh4 every time a vehicle passes any of the toll gates across the city …
Oman’s OQEP scores record IPO, LuLu tipped to launch next week
OQ Expoloration and Production, the Omani state oil E&P company, priced its IPO on Thursday at $1, the top of the opening range, in a deal that “came together very well”, despite escalating …
UAE stock markets close Thursday in red
Investors walk under a stock index board at the Dubai Financial Market in Dubai, United Arab Emirates, January 8, 2020. The main index of Dubai Financial Market (DFM) lost 26.63 points (0.59%) and …
Mohammad Al Gergawi: AMGFC24 cements UAE’s role as a global hub for partnerships, shaping the future
The UAE Government and the World Economic Forum (WEF) today concluded the Annual Meeting of the Global Future Councils 2024 (AMGFC24) that took place in Dubai from 15-17 October. The meeting gathered …
UAE interest rates drop: More Dubai property buyers opt for mortgage over cash
Mortgage buyers received a welcome boost in September with an interest rate drop of 0.5%, the first cut in rates in over 4 years …
Kenya in talks for a $1.5 bln commercial loan with UAE, finance minister says
Kenya is in discussions with the United Arab Emirates for a $1.5 billion commercial loan with an 8.25% interest rate and a seven-year tenor, Finance Minister John Mbadi said on Wednesday.