With its global business setup ecosystem, the UAE has over 45 free zones that ensure an influx of international investors and entrepreneurs for specific industrial …
UAE’s Pyypl raises $20m to expand financial inclusion in Middle East and Africa
A diverse group of international investors and 10 existing investors participated in the funding round, Pyypl said on Monday, without disclosing the details of the investors. “We welcome our new …
Deloitte successfully advises Empower on its initial public offering on Dubai Financial Market
Deloitte successfully advised Emirates Central Cooling Systems Corporation (Empower) on its initial public offering on the Dubai Financial Market. Empow …
DIFC to hold mega global fintech summit in Dubai mid next year
Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC, while announced the launch of the summit on Sunday. “With fintech emerging as a positive disruptor for …
Dubai fire races up high-rise near world’s tallest building
DUBAI, United Arab Emirates (AP) — A fire broke out early Monday morning at a 35-story high-rise building in Dubai near the Burj Khalifa, the world’s tallest building. It wasn’t immediately clear if …
UAE, Egypt maximising their efforts to mitigate, adapt to risks of climate change
A car drives outside of the Sharm El Sheikh International Convention Centre before the COP27 climate summit opening in Egypt’s Red Sea resort of Sharm el-Sheikh, Egypt November 6, 2022. REUTERS/Thaier …
UAE credit card interest rate hikes bite
Dubai: UAE consumers feeling the pinch from the back-to-back interest rate hikes have one option before the next increase hits in December – settle some of the outstanding debt on their credit cards.
Dubai mortgage business growing
As the mortgage business proves to be successful in Dubai, additional banks are set to enter the market, mainly when the new property law comes into force, Khaleej Times reported Monday.
My Dubai Rent: Dh45,000 still gets you a slice of the high-rise life in this city district
I pay Dh45,000 a year over four cheques to live here. Last year, I was paying Dh38,000 but it went up a bit this year. It is OK though because I deal directly with the landlord so I did not have to …
Dubai Aerospace Enterprise announces financial results for the nine months
Cash flow from operating activities increased 20% to $956.6mln DUBAI – Dubai Aerospace Enterprise (DAE) Ltd today reported its financial results for the nine months ended September 30, 2022. Selected …
Top 10 biggest sovereign wealth funds in GCC
While China leads the list of the biggest sovereign wealth funds globally with over $1.22 trillion in assets, UAE tops the list in the GCC region Top 10 biggest sovereign wealth funds in GCC Abu Dhabi …
Dubai raises Empower’s IPO size to 20% on strong investor demand
The selling shareholders, Dubai Electricity and Water Authority and Emirates Power Investment, increased the size from the previous 15 per cent and will now together sell two billion shares, up from 1 …
Dubai’s Empower increases IPO offer size to 20% stake
Empower IPO will raise $724m after upping the offering following demand Dubai’s Empower increases IPO offer size to 20% stake DEWA, Empower, IPO, IPO in Dubai Markets …
Dubai Raises Empower IPO Size a Second Time on High Demand
Dubai increased the size of Emirates Central Cooling Systems Corp.’s initial public offering for a second time this week after drawing strong investor demand.
Announcement of increase in offer size in empower IPO from 15% to 20%
The IPO and the distribution of this announcement and other information … a regulatory authority of the Abu Dhabi Global Market (“ADGM”), and the Dubai Financial Services Authority, a regulatory …
UAE and IMF officials discuss economy and financial developments
UAE Ministry of Finance officials on Friday met a delegation from the International Monetary Fund, to discuss the country’s economy and financial performance. The progress made on the UAE-wide fiscal …
Ministry of Finance discusses UAE’s economic and financial developments with IMF Article IV Consultations’ Mission Chief
The meeting, which was held at the Ministry of Finance (MoF)’s headquarters in Abu Dhabi, comes as part of the IMF’s annual consultations to discuss the UAE’s economic and financial performance …