Sungarner Energies IPO subscription status was 26.35 times on day 2, receiving positive response from retail investors.
UAE: Want to get 35% discount on traffic fines, reduce black points? Here’s how
and through the mobile applications of banks in cooperation with five banks in the UAE. These include Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), First Abu Dhabi Bank (FAB), …
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing- sources
Swiggy had initially considered raising $800 million to $1 billion via the IPO, banking sources who worked on it in … one of the United Arab Emirates neighbouring Middle East trade hub Dubai, are …
UAE banks’ savings deposits hit AED268.6bn in June
The local currency, the UAE Dirham, accounted for the largest share of savings deposits, with about 81.6 percent UAE banks’ savings deposits hit AED268.6bn in June CBUAE, Central Bank of the UAE, UAE, …
Dubai luxury home prices soar by almost 50%, with Tokyo’s up 26%. Here’s where other cities stand
Dubai’s luxury home prices surged by nearly 50% in the year up until June, maintaining its top ranking for the eighth consecutive quarter, according to a new report by Knight Frank.
RIL to sell 8-10% more stake in Reliance Retail to prepare for IPO: Report
The additional stake sale is anticipated to span 12-15 months and will play a crucial role in the projected initial public offering (IPO) of Reliance’s retail operations.
AED268.6 billion in saving deposits held by UAE banks until end of June 2023
ABU DHABI, 24th August, 2023 (WAM) — Savings Deposits held by UAE banks, excluding interbank deposits, amounted to AED268.6 billion by the end of June 2023, according to the latest statistics from …
Financial, realty blue chips continue to drive UAE stock markets
The UAE stock markets Thursday continued to capitalise on improved investor sentiments, with blue-chip industrial, banking and real estate stocks leading the gainers in the capital’s bourse, with …
PlutoPad Presents: Rover Finance, A New Dawn In DeFi
ZEX MEDIA, Today marks a monumental day in the DeFi space as PlutoPad unveils its inaugural project, Rover Finance. This groundbreaking platform is poised to redefine how crypto-centric …
IATF2023 roadshow highlights investment avenues for UAE firms
The UAE is one of the main trade partners of Africa and the economic relations between the two sides have shown remarkable growth in the recent past.
Russia’s Top Miner Plans to Move Some Trading to Dubai
The company, the world’s biggest refined nickel producer and palladium miner, was incorporated under the name Greenwich Holdings Limited within Dubai’s financial district in December 2022 according to …
UAE Partners with Mastercard to Drive AI Adoption for Digital Advancement
The UAE’s commitment to advancing artificial intelligence (AI) received a significant boost as the Artificial Intelligence, Digital Economy, and Remote Work Applications Office joined forces with …
Dubai’s luxury home prices sizzle while Hong Kong’s fizzle amid supply glut, high interest rates: Knight Frank
Tokyo occupies second place and Manila is third in a quarterly ranking compiled by the property consultancy, while Hong Kong falls one spot to 35th on the list.
UAE savings: Now you can buy National Bonds directly from noqodi
Buying savings bonds in the UAE will be easier than ever, thanks to a partnership between two leading financial firms. National Bonds has signed an agreement with fintech firm noqodi to offer new …
Saudi Arabia’s Milling Company 3 picks HSBC to advise on 2024 IPO -sources
Saudi Arabia’s Milling Company 3 (MC3) has appointed HSBC to manage its planned initial public offering (IPO) next year, two sources familiar with the matter said.
UAE’s third auction of Islamic treasury bonds in 2023 oversubscribed 5.5 times
The third auction of the UAE’s dirham-denominated treasury sukuk for the year was oversubscribed by 5.5 times, receiving bids worth Dh6 billion ($1.63 billion), the Ministry of Finance said on …
UAE’s Burjeel Holdings in advanced stages to enter Saudi Arabia: CEO
Burjeel Holdings Group’s CEO John Sunil UAE-based hospital operator Burjeel Holdings Group’s outlook for the company is positive for the rema …