UAE-based fintech Comfi has secured a $5 million debt facility from an Abu Dhabi-based private family office.[1] Read More: UAE’s Fintech Maalexi Secures $3 Million in Pre-Series A This …
Japan’s Mitsui to build ammonia plant in UAE, starting production in 2027
to finance the development of the project, it said in a statement. Mitsui’s partners are TA’ZIZ, which is owned by ADNOC, Fertiglobe, and South Korea’s GS Energy. The plant, located in Al Ruwais in …
United Arab Emirates launches 10-year bond sale, document shows
Acting through the Ministry of Finance, UAE has set initial price guidance for the debt sale at about 90 basis points over U.S. Treasuries, the document said …
Reem Finance signs with Network International to accelerate digital transformation
Collaboration fosters innovation and growth in the UAE financial services sector …
CEOs Advisory Council of UAE Banks Federation reviews plans, initiatives
The CEOs Advisory Council of the UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its second regular meeting of 2024 under the chairmanship of Abdulaziz …
Nuvei Secures Retail Services Category II License From UAE Central Bank
Canadian fintech company Nuvei Corp. (NVEI, NVEI.TO) announced Tuesday that it has secured an in-principle approval for a Retail …
UAE central bank adjusts inflation forecast for 2024
In Dubai, headline inflation moderated to 3.4 per cent in Q1 2024, below the global average, according to the Central bank of the UAE …
Dubai real estate: Major new player enters property market with massive AED2.6bn project pipeline
The developer has already acquired over 623,000 square feet of land in prime areas of Dubai as it ramps up its local pipeline. It said the strategic land bank will allow “swift adaptation to market …
UAE will need 150 new schools by 2030 – investors are ready to put up the funds
Why GEMS stake sale to Brookfield is such a big deal for UAE education sector Dubai, Cairo top Saudis’ destinations over school break UAE’s Gulf Islamic Investments sells Amity School complex for $50 …
Dubai drops out of top 10 most expensive cities for ultra wealthy
Dubai is no longer among the top 10 most expensive cities globally for the ultra wealthy, as its cost of living remains competitive compared to major global cities, a report has found. The city ranked …
Verition Fund Management Portfolio: A Deep Dive into a Diversified $10.47 Billion Hedge Fund
Verition is a multi-strategy hedge fund with an AUM of $10.47 billion … The fund, besides its New York and Connecticut offices, has bases in London, Dubai, Hong Kong, and Singapore. ・Verition is a …
Minister Zeyoudi to Lead Largest Ever UAE Delegation to SelectUSA
finance and logistics. The Emirati Minister’s visit will reinforce the robust economic relationship between the UAE and the US, which has flourished, with bilateral trade reaching $31.4 billion in …
UAE financial markets witness successful IPOs enhance investment attractiveness
In recent months, the financial markets in the UAE have experienced the successful initial public offerings (IPOs) of three new companies: Alef Educa …
Saudi milling company Arabian Mills plans to list 30% stake in IPO, CMA says
DUBAI, June 24 (Reuters) – Saudi Arabia’s Arabian Mills for … Saudi regulator CMA said it had approved the firm’s public listing application, adding Arabian Mills would publish the IPO prospectus …
Saudi milling company Arabian Mills plans to list 30% stake in IPO, CMA says
DUBAI, June 24 (Reuters) – Saudi Arabia’s Arabian Mills for … Saudi regulator CMA said it had approved the firm’s public listing application, adding Arabian Mills would publish the IPO prospectus …
OYO Expands to Open Its First Luxury Hotel in Dubai Ahead of IPO Plans
India is the biggest source country for Dubai tourism. The country ranked on top in terms of the number of passengers with a total of 11.9 million visitors to Dubai in 2023, followed by Saudi Arabia …
Dubai-listed Spinneys opens first Saudi store, four more planned this year
Dubai-listed Spinneys has announced the opening of its first Saudi store, with four more due to open in the kingdom this year, with 12 stores expected in the kingdom by 2028. Spinneys, which completed …