Dubai, UAE: In line with the focus of boosting SMEs and the national economy, Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region reports a 34% increase …
RAKBANK cooperates with UnionPay to drive contactless mobile payments in UAE
RAKBANK and UnionPay International have announced their cooperation to drive contactless mobile payments in UAE. RAKBANK has enabled all …
The Central Bank of the UAE teams up with the Bank for International Settlements and the COP28 Presidency
The Central Bank of the UAE (CBUAE), the Bank for International Settlements (BIS), the Emirates Institute of Finance (EIF) and the COP28 Presidency have launched the COP28 UAE TechSprint, a global …
Forgotten your bank card? Here’s how to withdraw cash in Dubai anyway
The easiest ways to get your cash in Dubai, even when you’ve forgotten your bank card. Just use your phone for a quick cash withdrawal …
UAE secondhand car prices see some slowing down after 3-year hot streak
Bank offers show EMI payments kicks in two to three months after the deal is signed. Going forward, this will be critical to sustaining demand, with another round or two of rate hikes from the US …
Security scare: Saudi ‘cop’ lands unannounced at UAE prez hotel
A man who identified himself as a police officer from Saudi Arabia caused a security scare on Saturday when he appeared unannounced at the Taj Mansingh hotel to meet the President of UAE, Sheikh …
UAE boosts trade with Iran after eased restrictions: report
Trade between Iran and the United Arab Emirates has surged as Abu Dhabi eased restrictions on business activity between the two neighbors, business people and officials say.
UPDATE 3-Oil and gas driller ADES Holding begins marketing IPO to institutional investors
By Hadeel Al Sayegh DUBAI, Sept 10 (Reuters) – Oil and gas driller ADES Holding, backed by Saudi Arabia’s sovereign wealth fund, began marketing its initial public offering on Sunday, seeking 12.50 …
Saudi PIF-backed ADES Holding seeks to raise SAR4.6bn from IPO
PIF-backed ADES Holding is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares.
Oil and gas driller ADES Holding begins marketing IPO to institutional investors
Oil and gas driller ADES Holding, backed by Saudi Arabia’s sovereign wealth fund, began marketing its initial public offering on Sunday, seeking 12.50 riyals ($3.33) to 13.50 riyals a share.
Rover Finance Raises $350K in Less Than 5 Minutes on PlutoPad
Dubai, UAE, 9th September 2023, ZEX MEDIA, Rover Finance, a revolutionary payment management protocol, designed to cater to the unique needs of crypto native businesses, raises $350K in less than 5 …
UAE debt capital market to hit $300bn by 2030: Fitch
UAE debt capital market (DCM) maturity is rising and will hit $300bn by 2030, according to Fitch Ratings. The DCM crossed $250bn by end of H1 this year and is growing apace, said the financial …
UAE discusses export controls, trade of potential dual-use products with joint EU, UK, US delegation
The discussion, held during the delegation’s visit to the Gulf country early this week, advances talks held on the issue in February this year …
Philippines, UAE seek to advance trade, investment relations
It said the two trade ministers discussed exploring possible investments and cooperation in areas like renewable energy, research and development, and skills development …
Saudi Arabian auto rental firm Lumi prices IPO at top of range
DUBAI, Sept 8 (Reuters) – Saudi Arabia’s Lumi on Friday set the price of its initial public offering (IPO) at the top of a range announced last week, reflecting strong appetite for Saudi flotations …
Watch: DFM-listed school operator Taaleem starts talks on a possible entry into Saudi Arabia
Talks for possible Riyadh locations are on, as Taaleem scripts a new round of growth “We currently have ample funding to fulfil the promises outlined in our IPO prospectus,” says Williamson. Image …
UAE-based Fintech MyZoi Raises $14 Million to Bolster Financial Inclusion
Zoi, an innovative fintech focused on financial inclusion and financial literacy for the underbanked, has raised USD 14 million from SC Ventures and SBI Holdings, as it obtains two regulatory licenses …