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 …
Dubai International Financial Centre enacts amended data protection regulations
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has enacted amendments to the Data Protection Regulations.
COP28 needs to show action not words for business, finance leaders
Less talk and more action on decarbonising the energy system should be the main focus of world leaders at the next round of climate talks, speakers at the Reuters IMPACT conference said.
Dubai: DIFC amends data protection regulations
The amendments to the Data Protection Regulations address the means for better, safer and more ethical management of personal data processing and operations, DIFC said …
EDB launches $27m solar energy financing programme for SMEs in UAE
Emirates Development Bank, the state-owned lender focused on financing the UAE’s priority sectors, has launched a Dh100 million ($27.2 million) solar energy finance programme as part of the country’s …
UAE’s Masdar teams up with Africa50 to scale clean energy projects in the continent
Abu Dhabi clean energy company Masdar has partnered with Africa50, an investment platform, to identify and scale clean energy projects across the continent. Masdar has signed an initial agreement with …
COP28 presidency announces $4.5bn UAE finance initiative to unlock Africa’s clean energy potential
The landmark initiative unlocks vital capital from several UAE institutions, notably from Abu Dhabi Fund for Development (ADFD), Etihad Credit Insurance (ECI), Masdar, and AMEA Power …
Emirates Development Bank to allocate $27mln SME loans to boost solar energy initiatives
The UAE’s Emirates Development Bank (EDB) plans to allocate 100 million dirhams ($27 million) to solar energy initiatives, helping boost the adoption of green energy solutions. The state-owned …
National Bank of Fujairah Encourages Saving with New Max Saver Offer
Dubai – The National Bank of Fujairah (NBF) announced today a promotional offer on its Max Saver range of accounts, designed to encourage customers to build up and grow their savings.
COP28 President Al Jaber Pledges to Push for Action on Climate Finance [press release]
Designate, HE Dr. Sultan Al Jaber, announced today a UAE finance initiative that will provide US$4.5 billion to help unlock Africa’s clean energy potential. The announcement was made during a keynote address at the inaugural African Climate Summit in Nairobi,
Cop28 President Reveals $4.5Bn Uae Finance Initiative To Unlock Africa’s Clean Energy Potential
“This initiative builds on the UAE’s track record of commercially driven, innovative blended finance solutions that can be deployed to promote the adoption of clean energy in emerging and developing nations,” Al Jaber said.“This multi-stakeholder …
UAE pledges $4.5bn to finance Africa climate projects
Africa may need an almost tenfold increase in climate adaptation funding, to $100bn a year, to help it bolster its infrastructure and shield its agriculture from climate change, the Global Center on …