Dubai-based renewable energy developer AMEA Power has signed a $75 million equity funding from SoftBank Group Corp., a Japanese investment holding company. The company, which is eyeing an IPO, will …
Dubai Investments and E20 sign MoU for Agricultural Investment in Angola
The company brings a wealth of knowledge from various corners of the world, highlighting international expertise in the agricultural industry …
Aafaq Islamic Finance selects Network International as its payments partner for digital transformation
Network will provide end-to end card processing solutions to facilitate Aafaq’s transition to a digital-first approach, making financing fast, and convenient for its customers …
Dubai crypto regulator suspends BitOasis crypto exchange license
Dubai’s crypto regulator VARA said BitOasis hasn’t met “key conditions” within a certain timeframe for its operational license and subsequently suspended the firm’s license until it can meet the …
Dubai’s Sobha Realty expected to raise $300 million with debut sukuk — document
D ubai-based real estate developer Sobha Realty is set to raise $300 million through a debut sale of Islamic bonds, a bank document showed on Monday.
Mideast IPO markets take a breather
That number rises to 42 times for chemicals group Borouge’s $2 billion sale in May, 49 times for toll-road operator Salik’s $1 billion IPO in September, and 59 times for Saudi utility Marafiq’s $897 …
Dubai records over $599.2mln in realty transactions Monday
Dubai real estate market recorded 602 sales transactions worth AED1.86 billion, in addition to 104 mortgage deals of AED244.26 million, and 18 gift deals amounting to AED108.8 million on Monday, data …
Dubai Financial Market offers Indian entrepreneurs route to attract global investment
The Dubai Financial Market (DFM) became one of the most active markets globally for initial public offerings (IPOs) and listings in 2022.
US hedge fund opens office in Dubai International Financial Centre
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
Dubai logs over $871mln in realty transactions Thursday
DUBAI: Dubai’s real estate market recorded 669 sales transactions worth AED2.91 billion on Thursday, in addition to 134 mortgage deals totalling AED268.19 million, and 89 gift deals amounting to …
Dubai International Chamber Appoints Three New Members To Board Of Directors
Appointment of prominent business leaders Omar Channawi, Yasser Abdul Malak, and Khalil Yassine will contribute to the chamber’s strategic priori …
UAE is employing AI in various fields to accelerate digital transformation: Omar Al Olama
Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Director-General of the Prime Minister’s Office and Chairman of the UAE Council …
UAE is employing AI in various fields to accelerate digital transformation, says minister
The UAE embraces artificial intelligence (AI) solutions and tools across various sectors, with the objective of accelerating the digital transformation pro..
UAE resident arrested for posting offensive video on social media
He was also charged with publishing a content that inconsistent with the media content standards and insults the Emirati society …
Starling Properties: Navigating Dubai’s real estate market for optimal investments
With their expertise and unwavering dedication, Starling Properties is committed to helping you achieve your investment goals and thrive in Dubai’s ever-thriving …
Qatar joins Gulf IPO spree as post-World Cup economic plans advance
The IPO comes amid ongoing moves nurturing Qatar’s financial markets ecosystem. In May 2023, the QIA announced that it will invest $275 million to establish a market-making initiative intended to …
Some Middle Eastern firms pushing IPO plans to 2024, Bank of America says
Several Middle Eastern companies are planning initial public offerings (IPOs) in 2024 instead of this year, a senior Bank of America executive said, amid worries of a global recession.