Emirates Global Aluminium (EGA), the Middle East’s biggest producer of the metal, may sell shares to the public as soon as the third quarter of 2023, according to the head of one of its biggest …
Payments platform Pine Labs announces UAE expansion
Pine Labs opened a new UAE office at Emaar Business Park, Sheikh Zayed Road, Dubai Payments platform Pine Labs announces UAE expansion digital economy, digital payments, financial technology, fintech, …
UAE rolls over $2bn loan, confirms Dar
The Abu Dhabi Fund for Development (ADFD) has rolled over a $2 billion deposit with the State Bank of Pakistan (SBP) that was payable over the next two months, Finance Minister Ishaq Dar confirmed on …
GCC a ‘bright spot’ for IPOs in 2022; $23bn proceeds
The total number of IPOs from the GCC jumped to 48 issuances in 2022 from 20 issuances in 2021, as per Kamco Invest analysis. Proceeds for 2022 from GCC issuers went up by 3.1x to $23.38 billion from …
UAE rolls over USD 2 billion loans to Pakistan
In a move that would create some much-needed room for Pakistan’s cramped fiscal space, the Abu Dhabi Fund for Development (ADFD) on Thursday rolled over their deposit of USD 2 billion with the State …
UAE Rolls Over $2 Billion Loan to Pakistan
Finance Minister Ishaq Dar announced on Wednesday that the Abu Dhabi Fund for Development (ADFD) has rolled over their deposit of $2 billion with the …
Dubai: UBS hires Credit Suisse bankers to target wealthy Indians
UBS in Dubai is hiring a group of private bankers from rival Credit Suisse Dubai: UBS hires Credit Suisse bankers to target wealthy Indians Credit Suisse, UBS Banking & Finance …
Dubai records over $1.79bln in realty transactions on Wednesday
The mortgages included 80 villas and apartments worth AED5.12 billion and 15 land plots valued at AED106.71 million, bringing the total realty transactions of today to over AED6.6 billion. Disclaimer: …
UAE fiscal balance to remain in surplus with oil at $75: Moody’s
Fiscal balances of the UAE and Qatar will remain in surplus under an average … “Higher hydrocarbon revenue will also provide ample financial resources to support economic diversification projects …
UAE participates in G20 Finance Track’s meeting
The G20 members, invited countries, and international organisations such as the International Finance Corporation (IFC) also attended the meeting …
UBS Dubai Taps Credit Suisse Bankers to Target Wealthy Indians
UBS Group AG in Dubai is hiring a group of private bankers from rival Credit Suisse Group AG as the Swiss lender continues to expand its Gulf business that caters to India’s wealthy diaspora.
Dubai real estate market records property deals worth AED1.7bn on Tuesday
The property deals on Tuesday included 517 sales transactions worth AED1.12 billion, 81 mortgage deals of AED538.23 million and 10 gift deals amounting to AED92.48 million Dubai real estate market …
UAE Central Bank releases new rules to stop money laundering
The UAE Central Bank has released new rules for licensed economic organizations, as well as banks, finance businesses, exchange houses and insurance …
GCCs IPO pipeline remains strong this year
The pipeline looks very strong as both governments and private companies are keen to sell equity while there is strong interest in the region …
UAE Ministry of Finance signs MoU with DFZC on exchange of information
Under this MoU, DFZC will provide the necessary tax information to the Ministry of Finance UAE Ministry of Finance signs MoU with DFZC on exchange of information Dubai, Dubai Free Zones Council, …
Fidelity Bank rewards outstanding agents in ‘Yenko Dubai’ promo
The largest privately-owned bank and pioneer of Agency Banking, Fidelity Bank Ghana has recently rewarded the winners of its maiden Agents promotion campaign dubbed Yenko Dubai.
Dubai Financial Market-listed companies dazzle the Big Apple in a roadshow
A two-day international roadshow, organised by DFM and Bank of America, witnessed 35 institutions conduct 82 meetings with the 10 Dubai companies Dubai Financial Market-listed companies dazzle the Big …