The UAE was the top performer in terms of IPO value, generating $3.9 billion from four listings in the first nine months of 2023, Kuwait Financial Centre (Markaz) said in a new report released on …
Markaz: GCC IPOs raise USD 6.8 billion in 9M-2023 marking, with the UAE market leading the region in terms of IPO proceeds
Kuwait Financial Centre “Markaz” released its research report titled “Initial Public Offerings (IPO) in the GCC markets”, which raised total proceeds of USD 6.8 billion through 29 offerings during the …
AlHuda CIBE and Holy Book Finance collaborate to boost of Islamic Finance
The inherent sustainability and status as a superior financial alternative elevate the prominence of this phenomenon, attracting the professionals and researchers …
COP28 hosts signal intent to expand energy transition partnerships, reform climate finance, operationalise carbon markets
COP28 hosts signal intent to expand energy transition partnerships, reform climate finance, operationalise carbon markets; Euro Markets: Midday Update; Insurance mar …
How robust economic growth and reforms are attracting investors to GCC stocks
Proceeds from global initial public offerings surged by 46 per cent in the second quarter of 2023, with the Asia-Pacific region, led by mainland China, contributing about 68 per cent of the total.
UAE apex bank unit launches instant digital payments platform
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has announced the launch of Aani, an instant payment platform that aims to transform the landscape of digital payments in …
National Bank Of Fujairah Announces 17 UAE National Graduates From Its Management Trainee Programme
The young Emiratis successfully completed the 11th edition of the long-standing programme.
ADIB Named as the Best Bank in the UAE by Global Finance Awards 2023
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has been named the Best Bank in the UAE by Global Finance Magazine 2023. The bank was recognised also as the Best Islamic Bank …
Central Bank of UAE launches new 24/7 instant payments system
A subsidiary of the Central Bank of the UAE has launched a 24/7 instant payments system designed to transform the landscape of digital payments in the country. The central bank be …
UAE invests Dhs20.6b in Turkey until August
Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative foreign direct investment from the United Arab Emirates to Turkey …
Etisalat’s digital unit looks at M&A, possible IPO to fuel expansion
In its transition from a telecommunications company to a technology-driven one, Etisalat’s e& enterprise (formerly Etisalat Digital) is looking to expand its operations across several key markets, …
UAE emerges as a cybersecurity benchmark in Middle East region
The UAE ranks as the safest cybersecurity country in the region as the country has emerged as a cybersecurity benchmark in the region, boasting the lowest infection and blocked URL rates.
Finance House pioneers the launch of CBUAE Aani instant payments platform
Finance House LLC, a leading financial institution known for its commitment to innovation and leadership, proudly announces its latest achievement as one of the pioneering financial institutions to …
Dubizzle Cars promises the UAE’s easiest route to buying and selling vehicles
The experience of purchasing or saying farewell to a car has taken a smart new route courtesy of dubizzle Cars. With its new Value Added Services (VAS) offering, the popular platform has introduced a …
Banking In Minutes Made Possible With CBD’s Award-Winning Mobile Banking App- Your Gateway To Quick, Convenient, And Secure Banking
When it comes to banking, the Commercial Bank of Dubai (CBD) is at the forefront of delivering a seamless and efficient banking experience with its …
Dubai’s Gulf Navigation Q3 2023 net profit up 62%
Dubai-based ship operator Gulf Navigation Holding grew Q3 2023 net profit by 62% year-on-year (YoY) to 6.8 million dirhams ($1.86 million) and said the focus ahead will be on ramping up revenues.
UAE attracted $36bln FDI for renewable energy projects in 2022
UAE has successfully enticed a staggering $23 billion last year, up 10% over 2021, to be ranked 16th globally in FDI attraction …