The refinancing of Dhs11bn has been secured through a syndicate of three banks – Mashreq Bank, Dubai Islamic Bank and Emirates NBD. The transactions will further strengthen its financial position, and …
Goldman Sachs funds Dubai’s Sunset Hospitality Group
Sunset Hospitality Group (SHG) has secured $35 million in funding from Goldman Sachs Asset Management. Founded in Dubai 10 years ago, SHG is present across nine countries worldwide and owns and …
UAE’s Emirates NBD opens two new branches in India in Delhi, Chennai
The move is part of the Dubai-based lender’s efforts to expand its global operations following CEPA UAE’s Emirates NBD opens two new branches in India in Delhi, Chennai banking business, banking …
Dubai real estate: $915m transactions recorded on Monday as property boom continues
The start of a new week didn’t slow down the booming Dubai real estate market as transactions continued to fly. Dubai real estate market recorded 643 sales transactions worth AED1.93bn ($525m), in …
Empower IPO set at $724m
Empower increased the share offering to 20% on investor demand Empower IPO set at $724m Dubai, Empower, Investment, IPO, IPO in Dubai Markets …
Dubai to Price Empower IPO at Top of Range, Raising $724 Million
Dubai is set to raise $724 million by pricing its latest initial public offering, Emirates Central Cooling Systems Corp., at the top end of the range.
I have Dh1,000 to spare every month: Here are 5 ways to grow your money
Image Credit: GN Dubai: If you have an extra Dh1,000 that you don’t need right away, you have options to grow it – provided you have a fund fully stocked for emergencies … can diversify your …
UAE-based Emirates NBD invests $100 mn more in India, opens 2 more branches
The bank does not have a captive development centre in India, but has contracted an IT services vendor here to help drive its global operations …
UAE consumer spending rises 20% as economy set for fastest expansion in a decade
Retail spending grew by 15 per cent annually in the nine-month period while non-retail spending rose 29 per cent over the same period, Majid Al Futtaim, the Middle East’s largest mall operator, said …
ICM.com adds IPO of 2nd largest premium education provider in the UAE, Taleem
Just one week after Empower opens its subscription to its IPO, 2nd largest premium education provider in the UAE, Taleem announces its intention to float on the Dubai Financial Market (DFM). Taaleem …
Dubai to host fintech summit in 2023
The Dubai FinTech Summit, scheduled for May 8 and 9, 2023, is expected to have a footfall of 5,000 global experts, thought leaders, and policymakers.
UAE: How to start a business in the free zone
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 …