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Tag: ipo

Posted on 10/04/2024

Toncoin (TON) flips Cardano as Telegram founder considers IPO

Telegram-linked Toncoin (TON) recorded massive surges in value recently, with prices pushing to new all-time highs on 9 April. The upside saw it surpassing Cardano (ADA) to rank 9th by market …

Posted on 10/04/2024

DFM announces new edition of Capital Market Summit in May

Following the success of the inaugural MENA IPO Summit last year, Dubai Financial Market (DFM) is set to return with a bigger and more promising edition …

Posted on 10/04/2024

UAE: Gold prices continue upward trend, jumps to new all-time high

Prices also edged higher as investors were waiting for the US Federal Reserve’s policy meeting minutes and key inflation data cues …

Posted on 10/04/2024

Diment secures Initial Approval from Dubai’s Virtual Asset Regulatory Authority (VARA)

Diment VA Exchange Services DMCC is pleased to announce its Initial Approval from the Virtual Asset Regulatory Authority of Dubai – VARA. This Initial Approval marks a significant milestone for Diment …

Posted on 10/04/2024

Crypto.com Dubai Entity Obtains Full Operational Approval from Virtual Assets Regulatory Authority (VARA)

Crypto.com announced recently that its Dubai entity, CRO DAX Middle East FZE, received full operational approval from Dubai’s VARA.

Posted on 10/04/2024

Dubai real estate: How UAE ‘FATF grey list’ boost is driving investments and affordable property is set to boom

Allsopp & Allsopp said a preference for more affordable properties goes hand-in-hand with the increase in finance buyers vs cash buyers. As expected, coming off the FATF “grey list” drove investments …

Posted on 09/04/2024

Is Dubai Real Estate a Better Investment Than Stocks

Many investors wonder whether Dubai real estate or stocks offer better returns in 2024. Both provide upside potential …

Posted on 09/04/2024

Eid Al Fitr 2024: Dubai Ruler, Sheikh Hamdan and Maktoum wish people in the UAE

The Shawwal crescent was sighted on Tuesday in the UAE, igniting a nationwide festive atmosphere for Eid Al Fitr celebrations preparations. Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime …

Posted on 09/04/2024

The ADX advantage: Agility’s IPO marks a milestone for global aspirations

We look at how Agility’s proposed IPO on the ADX leverages the UAE’s vision to become a leading global hub for finance and logistics. The ADX advantage: Agility’s IPO marks a milestone for global …

Posted on 09/04/2024

Multi-strategy hedge funds in Hong Kong and Singapore are booming. Here’s why they’re tapping the Middle East to get to the next level.

New launches and long-time players in Singapore and Hong Kong are looking westward as they expand.

Posted on 09/04/2024

China and Gulf states changing face of development finance in Africa

As major investors displacing the traditional Western powers, China and the GCC are precipitating a reconfiguration away from the North-South flow of development resources.

Posted on 09/04/2024

7 UAE banks make it to Forbes’ ‘most valuable’ list for Middle East

Seven banks from the UAE, with a market value of $128.7 billion, have made it to Forbes Middle East’s ‘30 Most Valuable Banks’. The First Abu Dhabi Bank..

Posted on 09/04/2024

Dubai Police arrest 494 for phone banking fraud

Dubai Police has arrested 494 people involved in 406 phone fraud cases over the past year, the force has said. Phone calls, emails, SMS and social media links were used by fraudsters to gain access to …

Posted on 09/04/2024

Biggest Gulf bank QNB first-quarter net profit rises 7%

Qatar National Bank (QNB) reported a 7% rise in first-quarter net profit, the Gulf’s biggest bank by assets said in a statement on Monday.

Posted on 08/04/2024

UAE’s Lunate and Saudi Arabia’s Olayan buy 49% stake in Dubai tower ICD Brookfield Place

Abu Dhabi-based global alternative investment management company Lunate and Saudi conglomerate Olayan Financing Company have agreed to acquire a 49 per cent stake in Dubai’s ICD Brookfield Place. Upon …

Posted on 08/04/2024

DeFi Technologies Inc. Subsidiary, Valour Inc., Launches Trading Desk in UAE to Expand ETP Listings and Presence in the Middle East

DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company and the first and only publicly traded company that bridges the gap …

Posted on 08/04/2024

Dubai Police arrests 494 individuals involved in phone fraud targeting bank customers

The fraudsters utilised various deceptive methods, including phone calls, emails, SMS, and social media links, to trick victims and access their savings and bank accounts. Dubai Police seized …

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