Alef Education Holding plc, an award-winning AI-powered learning solutions provider based in Abu Dhabi, has wrapped up its initial public offering (IPO) on the Main Market of the Abu Dhabi Securities …
PNB plans to expand its overseas footprint, to open representative office in Dubai
State-owned Punjab National Bank plans to open a representative office in Dubai, as part of its plan to expand its global footprint. The bank has got the board of directors’ approval for opening a …
Ajman Bank to support Ajman University’s Scholarship Endowment Fund
To provide high-quality educational opportunities for UAE nationals and enhance their leading role in the economic growth of the UAE …
David & Goliath Farms upbeat on unlocking a greener, more prosperous future in UAE
UAE Banks Federation revealed the remarkable success of the banking and financial sector in developing sustainable banking solutions in line with the UAE’s strategy to reduce emissions and achieve …
UAE’s Alef Education sets IPO final price; market cap on listing seen at $2.57bln
The UAE’s Alef Education, which is floating 20% of its share capital in an initial public offering (IPO), has set the final offer price at the top of the indicative range at 1.35 dirhams ($0.37) per …
Dubai-listed Ascana rebrands to Sukoon Takaful after stake sale
An important milestone to the company, the move is akin to the legal name rebrand conducted by its parent company, Sukoon Insurance, the takaful insurer said in a filing with the Dubai Financial …
Saudi Arabia set to raise $11.2 billion selling Aramco shares at lower end of expectations
Saudi Arabia is poised to raise more than $11.2 billion selling shares in oil giant Aramco to help fund its spending plans, after pricing the stock at the lower end of expectations, the company said …
Pound vs Euro: UAE money transfers – time it right in June, save big on remittances
“If you concern yourself with exchange rates when you’re about to head off abroad on holiday, know that changes to the currency’s value have wider ramifications beyond the price you’ll pay overseas,” …
Dubai’s most influential real estate broker named
Dubai real estate market recorded 386 sales transactions worth Dhs1.2 billion, in addition to 84 mortgage deals of Dhs151.32 million, and 62 gift deals amounting to Dhs48.92 million on Wednesday, data …
UAE may roll over another $1b loan
There is a possibility that the United Arab Emirates (UAE) will roll over another $1 billion loan to Pakistan. In January, a $2 billion loan had already been rolled over for one year.According to …
Finance World Magazine reveals pioneers excelling in accounting and audit services in UAE
Corporate Finance, and Technology Advisory. Excellence in Global Financial Integration for NRIs: “Bank of Baroda”, the only Indian bank in the UAE with full-fledged banking operations, is recognised …
UAE could roll over $1bln loan to Pakistan – report
citing unnamed sources from the country’s Ministry of Finance. The $350 billion South Asian economy has been facing a challenging payment crisis in recent months. In January, the UAE agreed to lend $1 …
UAE savings: How to save over AED5,000 using the viral ‘100 envelopes’ TikTok challenge
adding that as UAE is also largely a “cashless society,” ensuring the right amount of cash every day can be “cumbersome.” “I know I would struggle as I rarely carry cash. The cost of taking out cash …
Scammers caught transmitting fake mobile network in Dubai
Authorities in Dubai have warned the public to be vigilant when clicking links, after they arrested a gang that set up a fake telecoms network to defraud people. The three-member Chinese gang, who …
Dubai Govt Employees to Receive Early Salary for Eid Al-Adha
Dubai government employees will receive their June salaries earlier than usual to prepare for Eid Al Adha 2024. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, issued a …
More UAE, India businesses to do cross-border settlements in rupee and dirham to save on dollar cost
More sectors will benefit from INR-AED Dr. Sahitya Chaturvedi is Head of Finance at Dubai headquartered Ajmal Group as well as being the secretary-general of the Indian Business & Professional Council …
UAE records strong financial performance in 2023 and approves financial accountability law
The UAE Ministry of Finance released its consolidated financial performance statement on Wednesday, revealing key figures for the federal government’ …