Following the completion of the IPO, the Selling Shareholders will continue to hold of 68% and 12%, respectively of the Company’s issued share capital …
Alef Education increases IPO first tranche to 140 million shares on strong demand
Post-IPO, the selling shareholders will retain 68 per cent and 12 … subject to market conditions and obtaining relevant regulatory approvals in the UAE, including admission approval from the …
UAE participates in Eurasian Group Plenary on Combating Money Laundering and Financing of Terrorism
The United Arab Emirates participated in the 40th Plenary Session of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), a FATF-Style Regional Body, in Bishkek, …
Dubai Financial Services Authority, Securities and Futures Commission of Hong Kong co-host high-level roundtable on strengthening China-Middle East corridor
The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) of Hong Kong co-hosted today a high-level roundtable in Dubai. The meeting marked the continued …
Saudi Arabia sets new test for international interest with $13.1 bln Aramco sale
Saudi Arabia and its bankers will on Sunday morning start taking orders for as much as $13.1 billion worth of shares in its energy giant Aramco , in a major test of international investor interest in …
UAE announces midday outdoor work ban to start June 15, fines of up to $13,600 for breaking rules
The Ministry of Human Resources and Emiratisation (MoHRE) is set to begin implementing the Midday Break, prohibiting work under direct sunlight and in open-air areas across the UAE, between 12.30pm …
UAE tax authority stresses mandatory deadline for corporate tax registration
Khalid Ali Al Bustani, Director-General of the FTA, opened an awareness workshop in Dubai this week as part of a campaign on corporate tax compliance …
VIDEO: MENA’s IPO pipeline to remain ‘promising’ in 2024
Even though tensions in parts of the region could lead to a more cautious market, Saudi Arabia and the UAE will continue to drive the IPO momentum. Watch the Zawya video here.
World’s wealthy drawn to Dubai’s DIFC as tighter privacy brings security benefits – experts
However, the levels of scrutiny by DIFC’s registrar and regulator mean the privacy afforded to HNWIs would not impact the UAE’s removal from the Financial Action Task Force (FATF) grey list. At the …
‘African gold worth billions smuggled to UAE annually’
GOLD smuggling out of Africa, mainly to the United Arab Emirates, has surged over the last decade, with hundreds of tonnes worth tens of billions of dollars illegally leaving the continent every year, …
Dubai’s sovereign wealth fund ICD posts 68 per cent jump in 2023 profit
The Investment Corporation of Dubai, the government’s main investment arm, reported a 68 per cent increase in 2023 net profit this week, buoyed by its transportation, banking and financial services …
Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion
Saudi Arabia’s government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as $13.1 billion, a landmark deal to help fund Crown Prince Mohammed bin …
UAE stocks close Thursday on a positive note
UAE financial markets ended in the green Thursday as Abu Dhabi’s general index added 0.47% and Dubai’s main share index gained 0.28%.
UAE participates in GCC financial and economic cooperation committee meeting
During the meeting, the UAE’s proposal for targets and indicators of awareness programmes around the GCC Common Market was approved …
‘Money brings strength’: How astute financial planning helped this Indian expat follow her dreams
Yoga teacher Brinda Hora dedicates her life to teaching a philosophy and practice she deeply believes in. The Indian expat, 43, lives in Dubai and is now i..
Inside Dubai’s Booming Technology Sector: Seed Group CEO’s Take on How Global Startups Can Harness The Momentum
TechRound spoke to Seed Group’s CEO, Hisham Al Gurg on the growing and booming tech sector in Dubai and what it means for aspirational companies.
Dubai real estate: Home Loan vs. Mortgage – Which is a better property financing option? Experts weigh in
Dubai experts offer insights on key differences, pros, cons and financial considerations when choosing between home loans and mortgages for property purchases in the emirates booming real estate marke …