The growth reflects Dubai’s continued attractiveness as a global real estate destination. Finance & Insurance Sector grows 2.7% Dubai’s financial and insurance sector, a significant contributor to the …
Emaar, CCL Pharma and other companies exploring IPO option at PSX
KARACHI: Emaar Pakistan, the subsidiary of Dubai-based Emaar Properties … (PSX), their key officials informed during a panel discussion held here in a day-long IPO Summit 2024 themed ‘Empowering the …
Dubai traffic to ease as RTA completes 14 road improvements, travel times slashed by 50%
Dubai road improvements will continue throughout 2024, revealed Abdulla Yousef Al Ali, CEO of Traffic and Roads Agency at RTA …
Emaar, CCL Pharma and other companies exploring IPO option
KARACHI: Emaar Pakistan, the subsidiary of Dubai-based Emaar Properties, Pakistan’s multinational pharma company CCL, FF Steel, Fast Cables and International Packaging Films are all at different …
UAE: Salik drives gains at Dubai Financial Market Friday
The Dubai Financial Market (DFM) climbed higher on Friday, driven by a surge in toll operator Salik (SALIK.DU).
Salik drives gains at Dubai Financial Market Friday
The Dubai Financial Market (DFM) climbed higher on Friday, driven by a surge in toll operator Salik (SALIK.DU). The main index (.DFMGI) rose 0.714%, fueled by a 5.180% jump in Salik shares after the …
Brookfield weighs investment in Dubai’s GEMS Education
Brookfield Asset Management Ltd. is in talks to invest in Dubai-based GEMS Education, one of the world’s largest private school operators, people familiar with the matter said.
Dubai Financial Market sees AED67.5 mn direct deal on Al Ramz Corporation shares
The Dubai Financial Market (DFM) has witnessed the execution of a large direct deal on the shares of Al Ramz Corporation Investment and Develo …
UAE: Ministry of Finance organises dispute resolution forum
The UAE Ministry of Finance today announced the convening of a forum titled ‘Towards Cooperative Dispute Resolution Environment’ in Dubai on Wednesday.
Saudi Arabia’s Tadawul to buy 32.6% stake in Dubai Mercantile Exchange
DUBAI, Jan 18 (Reuters) – Stock exchange owner and operator … $1.8 bln in Telangana state 12:34 PM UTC Dealscategory Exclusive: Reddit seeks to launch IPO in March 12:09 PM UTC Ukrainian maritime …
Saudis acquire 32.6% of Dubai’s commodities exchange to rebrand it Gulf Mercantile Exchange
DME, established in 2007 and headquartered in the UAE, is a leading international commodities exchange. It is regulated by the Dubai Financial Services Authority and cleared through CME Clearing, …
UAE issues new decree to regulate public-private sector partnerships
The Ministry of Finance has issued a new decree to regulate public-private partnerships in the UAE, aimed at boosting private sector investment in federal government projects.The Federal Decree-Law No …
New UAE law set to boost public-private sector partnerships
The UAE has introduced a new law to boost public and private sector partnerships in the country. The Ministry of Finance (MoF) announced the issuance of Federal Decree-Law No. 12 of 2023 on …
GCC Ipos Decline In 2023, UAE Leads Despite Drop: Markaz
UAE Dominates, But Sees Significant Downturn The United Arab … Muscat Securities Market (MSM) had two IPOs raising $973m (10% of the GCC total), including the largest Omani IPO of the year: OQ Gas …
UAE rolls over $2 billion debt
The second $1 billion UAE debt will mature on January 23. Last week, the finance ministry requested the UAE to further rollover the loan for a period of one year. The UAE has placed $3 billion with …
UAE banks’ investments at all-time-high by end of November
ABU DHABI: Bank investments in the UAE surpassed the AED620 billion mark by the end of November 2023, marking the highest level in their history, according to the latest statistics from the Central …
UAE Central Bank reports 8.6% growth in cash deposits in 12 months
ABU DHABI: The Central Bank of the United Arab Emirates (CBUAE) reported an increase in cash deposits to AED682.3 billion in November 2023, marking a YoY growth of 8.6 percent, or the equivalent of …