Saudi Arabia’s Lumi, one of the largest auto rental firms in the kingdom, said on Wednesday that it could raise up to 1.089 billion riyals ($290 million) after a price range was set for its initial …
Saudi: Clifford Chance plays key advisory role in Tawal’s $1.4bln finance deal
According to Clifford Chance, this funding, to be provided by a club of UAE and Non-UAE based Islamic financial institutions, will be used to acquire three prime telecommunications tower asset …
Over 2.5mln deals worth $37.16bln conducted on Dubai’s DFM in eight months
DUBAI – In the first eight months of the year, 29 brokerage firms listed on Dubai Financial Market (DFM) conducted over 2.57 million deals on 80 billion shares worth AED 136.4 billion.
Dubai Financial Market sees $37.1bn of shares traded this year
Dubai Financial Market has seen shares worth AED136.4bn ($37.1bn) traded so far this year. In the first eight months of the year, 29 brokerage firms listed on the DFM exchange conducted more than …
UAE shares mixed ahead of US jobs data; oil extends gains
Stock markets in the United Arab Emirates were mixed on Friday, with Dubai’s benchmark index rising ahead of U.S. jobs data as investors expect the figures will sway the Federal Reserve to pause rate …
Dubai rents only going up, ‘bad news’ for tenants as UAE population booms
As more residents adopt a long-term perspective on living in Dubai, homeownership will likely increase. This is in addition to favourable mortgages and policies by Dubai Land Department, as well as …
UAE economy to grow 3.9% next year: forecast
The financial analyst forecasts the UAE’s gross domestic product (GDP) will grow 3.5 percent in 2023, rising to 3.9 percent in 2024.
Dubai plans DIFC law changes
Dubai International Financial Centre proposes new laws as it aims to keep in line with international best practice …
Corporate TAX: UAE Aligning Its Strategies With Global Trends
Experts argue that the new corporate tax regime reaffirms UAE’s commitment to meeting international standards for transparency and preventing harmful tax practices …
Corporate spend management leader Pluto to offer cards to employees of UAE businesses across the entire GCC and Egypt
The financial products on its platform are provided by its regulated partners in the region …
ICEBERG Financial Announces Expansion in the Mena Region, Ready to Embark on a New Journey from Dubai
ICEBERG Financial, a globally recognized investment consultancy firm, is thrilled to announce its recent expansion in the Middle East and North Africa (MENA) region. As a part of the company’s …
DIFC: Spanish finance giant Alantra opens Dubai office
Alantra, the independent global mid-market financial services firm headquartered in Spain, has opened a new office in Dubai International Financial Centre (DIFC). The firm will provide investment …
UAE Minister of State For Financial Affairs Mohamed Al Hussaini explores collaboration in financial services with UK Trade Envoy
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met with Gareth Johnson MP, UK Trade Envoy to the UAE, at the Ministry of Finance’s Dubai office, and discussed with him boosting …
Emaar plans a hike in dividends in 2023, no IPO for noon: Mohamed Alabbar
He added that “noon Minutes”, a fast e-commerce delivery service, and “noon Food”, a food delivery service, have gained significant traction in Dubai, Abu Dhabi, Sharjah, and Saudi Arabia since their …
Mohamed Al Hussaini explores collaboration in financial services with UK trade envoy to the UAE
UK Trade Envoy to the UAE, at the Ministry of Finance’s Dubai office. They discussed boosting collaboration in financial services. Both parties highlighted the rooted diplomatic relationship between …
Emiratis shine in UAE’s thriving banking sector
The UAE is renowned for its vibrant economy and flourishing banking sector, which is considered the cornerstone of its financial stability. Over the past few decades, the UAE has experienced …
UAE Nationals grab more opportunities at Commercial Bank of Dubai
Commercial Bank of Dubai (CBD) aims to attract and develop UAE Nationals at all levels to create a talent pipeline for the future, says its senior official. Sultan Al Mahmood, Chief Human Resources …