ABU DHABI, 24th March, 2023 (WAM) — Al Ansari Financial Services today announced that following the approval from the Securities and Exchange …
Dubai International Financial Center
Edmond de Rothschild Group strengthens its investment and long-term commitment to the region with the opening of an advisory office – Edmond de Rothschild (Middle East) Ltd – in Dubai …
Al Ansari boosts stake allocated to retail investors in IPO
Following the offering, the selling shareholder will continue to hold a stake of 90%. The IPO subscription period remains unchanged. The UAE Retail Offer closed on March 23 and the qualified investor …
UAE: Al Ansari Increases IPO Size For Retail Investors
Al Ansari Financial Services on Friday announced that it has increased the number of UAE retail shares in its initial public offering (ipo) – raisin …
UAE emphasises significance of impact investing in achieving sustainable development goals
The UAE has emphasised the significance of impact investing in achieving sustainable development goals and promoting the G20 roadmap for sustainable finance. This was highlighted as the UAE …
Dubai real estate market records AED1.8bn worth of transactions on Thursday
The Dubai real estate market recorded AED1.8 billion worth of transactions on Thursday, March 23. Yesterday’s property deals included sales transactions worth AED1.44 billion, 94 mortgage deals of …
UAE’s central bank to launch CBDC soon
Central Bank of United Arab Emirates (CBUAE) is close to releasing its central bank digital currency (CBDC), called the digital dirham. It’s believed that the currency will support domestic and …
Al Ansari IPO: UAE money exchange increases number of shares on offer for retail investors
Al Ansari Financial Services, the UAE money and exchange company, has increased the number of shares allocated to retail investors in its initial public offering due to “strong demand”. The retail …
Dubai’s Al Ansari Financial Services raises IPO size for retail investors to 7.5%
Dubai remittance company retains overall IPO size at 10% Dubai: Al Ansari Financial Services has increased the size of the retail component of its IPO to 7.5 per cent from 5 per cent, given the scale …
Profit of four largest UAE banks to grow in 2023 amid lower provisions and higher interest
Profitability of the four largest banks in the UAE will continue to grow this year amid rising interest rates and the reversal of pandemic-related provisions charges as the Arab world’s second-largest …
Opportunities and Challenges in Capital Markets of Dubai
We’ll start with a brief overview of the Dubai financial market and its history. Then, we’ll look at the different types of investments you can make in Dubai and the risks and benefits associated with …
UAE Central Bank starts implementing Digital Dirham strategy
The UAE Central Bank has begun implementing its digital currency strategy, Digital Dirham, as it prepares the country’s infrastructure for the future of finance. It signed an agreement with Abu …
UAE Central Bank Digital Currency strategy launched
Following several successful CBDC initiatives including Project “Aber” with the Saudi Central Bank in 2020, which confirmed the possibility of using a digital currency issued by two central banks to …
UAE-India Investor Summit held in Srinagar
Srinagar/IBNS: A UAE-India Investor Summit took place in Srinagar city on March 19. Entrepreneurs from various emirates held meetings with representatives of the Jammu and Kashmir government, …
UAE-based financial sector reaffirms its commitment to spearhead sustainability goals ahead of COP28
Dubai, UAE – As global efforts to tackle climate change continue to gather momentum, pressure is mounting on the Middle East finance sector to play i …
UAE Participates In The GCC Common Market Committee Meetings
RIYADH,23rd March, 2023 (WAM) –The Ministry of Finance (MoF) of the United Arab Emirates participated in the GCC Common Market Committee meetings, held from March 19th to 21st at the headquarters of …
UAE Central Bank announces launch of ‘The Digital Dirham’ strategy
The Central Bank of the UAE (CBUAE) will be implementing its Central Bank Digital Currency (CBDC) strategy titled ‘The Digital Dirham’. In a joint signing ceremony with G42 Cloud and R3, CBUAE has …