The UAE ranked second after the US for greenfield foreign direct investment last year, as project announcements in the Emirates rose by 28 per cent, bolstering its position as a worldwide FDI hub …
Gulf IPOs raised $10.1bn in 2023 after 55% slump
Markaz’s report stated that the UAE led the region in terms of IPO proceeds during 2023 … Muscat Securities Market (MSM): $973m Dubai Financial Market: $500m Qatar: $193 Although, there were only …
UAE FDI was second highest in the world last year
Greenfield announcements on foreign direct investment (FDI) in the UAE rose to the second highest in the world after the US, a report showed on Wednesday. The UAE’s FDI greenfield announcements rose …
Dubai records over $490mn real estate transactions on Tuesday
Tuesday’s property deals included 525 sales transactions worth AED1.54 billion, 127 mortgage deals of AED226.51 million, and 19 gift deals amounting to AED89.9 million …
Dubai’s plan for economic growth
Astute observers will have noticed that the Dubai Financial Markets General Index in the UAE is up almost 30 percent in the past 12 months, with volumes rising by nearly a quarter. For comparison, the …
UAE likely to rollover $2 bn loan to Pakistan
The United Arab Emirates (UAE) is expected to roll over a $2 billion loan to Pakistan for one year.Caretaker Prime Minister Anwaar-ul-Haq Kakar wrote a letter to the UAE President Sheikh Mohammed bin …
Dubai realty transactions top $419m on January 16
Dubai real estate market recorded 525 sales transactions worth AED1.54 billion ($419 million), in addition to 127 mortgage deals of AED226.51 million, and 19 gift deals amounting to AED89.9 million on …
GCC IPOs raise USD 10.1 billion during FY 2023, a decline of 55% YOY
Kuwait Financial Centre “Markaz” released its research report titled “Initial Public Offerings (IPO) in the GCC markets”. During the year of 2023, Initi …
UAE: Adnoc, etisalat by e& and Emirates brand value increases by $3.75bln in 2024
In a list of 500 global entities, the three UAE entities saw their ranking improving in 2024. Adnoc was ranked 128th in 2024 as compared to 138th last year, Etisalat by e& improving its position to …
UAE dominates GCC IPO market with $5.5bln proceeds in 2023: Markaz
The UAE led the Gulf Cooperation Council (GCC) in IPO proceeds, securing $5.5 billion from seven flotations in 2023, according to Kuwait Financial Centre (Markaz).
GCC IPOs raise $10.1bln through 45 offerings in 2023, says report
The GCC region has raised a total of $10.1 billion in Initial Public Offerings (IPO) proceeds through 45 offerings during FY 2023, thus marking a year-on-year decline of 55% by value compared to the …
UAE: Adnoc, etisalat by e& and Emirates brand value increases by $3.75 billion in 2024
Energy giant Abu Dhabi National Oil Company (Adnoc), telecom major etisalat by e& and Dubai’s flagship carrier Emirates are the three most valuable brands in the UAE in 2024, according to brand …
UAE Central Bank balance sheet touches $182bln mark by end of November 2023
ABU DHABI: The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch the AED670 billion mark at the end of November 2023, marking a significant surge in its financial …
Cash smuggling to Dubai shows UAE’s importance as money laundering destination
Authorities in the United Kingdom convicted two more conspirators involved in a cash-smuggling operation between Britain and the UAE. They were booked as first-class travelers with generous luggage …
GCC IPOs raise $10bn via 45 offerings in 2023, says report
Abu Dhabi Securities Exchange (ADX) witnessed the highest proceeds in the UAE with $4.9 billion followed by offerings that were listed on the Dubai Financial Market (DFM) which raised a total of $0.5 …
UAE Central Bank Balance Sheet touches AED670 billion mark by end of November 2023
The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch the AED670 billion mark at the end of November 2023, marking a significant surge in its financial strength.
Dubai property prices could rise 5-10% this year -DAMAC CEO
Dubai’s real estate market could see price increases of 5-10% this year, the head of one of the city’s biggest developers, DAMAC Properties, said on Tuesday, adding he did not expect a correction in …