EFG Hermes helped raise $7.2 billion from 11 IPOs across Tadawul, ADX, DFM and Boursa Kuwait and $12.5 billion from six secondary offerings, Ali Khalpey, Head of ECM, told Zawya …
UAE’s global leadership reinforced by strong performance of its firms
The UAE continues to assert its global leadership through the outstanding performance of its companies in the Global 500 2025 research, an annual …
Millionaires in Dubai make everyone else feel poor
At a Tikki-themed bar in Dubai early last year, a man claiming to be a Scandinavian real estate millionaire ordered a round of tequila cocktails while yelling his formula for success in my ear (“fame, …
UAE gold reserves reach $6.7bn
The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) surged by 34.8 during the first 10 months of 2024 reaching AED24.464bn ($6.7bn) by the end of October 2024.
Ajman Bank achieves its highest annual profits in history at Dh440 million, with a growth of 213%
Ajman Bank on Wednesday that it delivered its highest annual profit before tax in its history of Dh440 million for 2024, with a growth of 213 per cent comp..
UAE issues limited edition silver coin to mark Central Bank’s 50th anniversary
The reverse of the coin features an illustration of the CBUAE building, along with the phrase “50 Years of the Central Bank of the UAE” on the upper and lower edges in Arabic and English, the years …
UAE Central Bank issues silver commemorative coins marking its Golden Jubilee
Staff Reporter In commemoration of the Central Bank of the United Arab Emirates (CBUAE) Golden Jubilee, the CBUAE has announced the issuance …
Oman’s Asyad Group plans to sell at least 20% of shipping unit via IPO
Oman’s state-owned logistics firm Asyad Group plans to offer investors shares in its shipping unit through an initial public offering (IPO), it said on Wednesday, as part of the Gulf country’s …
Ssangyong E&C wins $222.6 million deal in Dubai
Ssangyong Engineering & Construction said Wednesday it has won a 320 billion won ($222.6 million) deal to construct a premium office building in Dubai.
Mastercard, ruya collaborate to bring innovative digital products to UAE’s Islamic banking landscape
The bank will benefit from the services of Mastercard Advisors, which employs more than 3,000 consultants in 53 countries …
The world’s most valuable brands revealed, includes these UAE firms
The Global 500 report showed that the total value of the world’s 500 most valuable brands has grown by 10 per cent year-on-year …
UAE: How fintech startups make investing accessible to women, build financial literacy
A survey showed that women are increasingly interested in investing, with 62 per cent of respondents seeking more details on investment opportunities …
Dubai Police investigate $1.1bn of money-laundering cases
Dubai Police has addressed 500 money laundering cases over the past three years (2022–2024), reinforcing its role as a key player in the UAE Ministry of Interior’s efforts to counter organised and …
Davos 2025: UAE companies excel in Brand Finance’s Global 500 2025
ADNOC maintained its position as the most valuable brand in the UAE for the seventh consecutive year. Remarkably, ADNOC’s brand value increased by 25% compared to the previous year, reaching $18.9 …
S&P: $14.4 billion of Sukuk issuances in UAE in 2024
In 2024, the volume of Sukuk issued by UAE based issuers reached $14.4 billion, according to S&P Global Ratings.Speaking to the Emirates News Agency (WAM), Mohamed Damak, Managing Director and Global …
UAE: Ministry of Finance organises workshop to promote PPP projects
The workshop aimed to equip entities with the tools necessary to identify and evaluate eligible partnership projects, in line with the recently updated partnership manual issued by the ministry …
Dubai real estate: East & West Properties’ $680mn residences sell out in record time
Buyers from 25 countries have invested in the Dubai project, with the majority coming from Russia, UAE, Turkey, China, Hungary, Netherlands, Canada, India, Madagascar, and Iran …