CEO says record-breaking demand for IPO, which was 130 times oversubscribed, reflects strength of DTC’s investment proposition as Dubai’s largest mobility company …
Dubai Taxi Company shares soar almost a fifth on market debut
Dubai Taxi Company (DTC) shares soared as they listed on the Dubai Financial Market on Thursday, rising 19.459 per cent during the day to close at …
How to open a personal bank account in UAE
Landed a new job and planning to move to the UAE? Renting a house or buying one? For all these reasons and more, it is vital to have a personal bank account in the UAE. The benefits of holding a …
UAE issues new law for e-commerce businesses
The law protects consumer interests and regulates refund and exchange of goods; here are the 10 highlights of newly developed law …
Dubai Taxi Company jumps 19% on debut trade on DFM
Dubai Taxi Company shares jumped nearly 19% to 2.20 UAE dirhams ($0.60) at the start of trading in its debut on the Dubai Financial Market on Thursday before sinking to AED 2.14 within the half hour, …
Century Financial joins hands with the University of Dubai and PRME to launch a personal finance guide for the Blue-Collar Workforce
Also announces various other initiatives at COP 28’s Expo City Green Zone highlighting financial literacy and Green Learning …
UAE’s FAB to provide $135bn in green finance by 2030
FAB is expanding its target to include transition financing projects and early-stage innovative climate solutions such as green hydrogen.
Hedge fund trader extradited over $1.7 billion tax fraud accusation
A Dubai-based British hedge fund trader sought by Danish authorities for allegedly orchestrating a $1.7 billion tax fraud …
Hedge Fund Trader Shah Extradited to Denmark a Year After Arrest
Sanjay Shah, a hedge-fund trader accused of defrauding the Danish state of $1.3 billion in the Cum-Ex trading scam, will be handed over to Denmark to face criminal charges just over a year after he …
UPDATE 4-UAE extradites British hedge fund trader to Denmark
By Hadeel Al Sayegh and Jacob Gronholt-Pedersen DUBAI/COPENHAGEN, Dec 6 (Reuters) – The United Arab Emirates has extradited British hedge fund trader Sanjay Shah to Denmark, where he is accused of …
How to invest in Dubai real estate from India: The ultimate guide
With present economic uncertainty in India and the absence of investment incentives, specially in the real estate industry, investors in the country are seeking other opportunities that promise …
UAE: Abu Dhabi’s Purehealth IPO Fully Subscribed On Opening Day
The much-anticipated Abu Dhabi-based PureHealth Holding’s initial public offering (IPO) saw robust interest on the first day of the subscription per …
PureHealth IPO fully subscribed on first day
Abu Dhabi: PureHealth Holding PJSC (Public Joint Stock Company under incorporation; the “Company”), the largest healthcare platform in the Middle East, has confirmed robust interest in its Initial …
UAE banks pledge $270 bln in green finance at COP28 climate talks
Banks in the United Arab Emirates on Monday pledged to mobilise 1 trillion dirhams, or around $270 billion, in green finance, the chair of the country’s banking federation told the COP28 climate talks …
UAE’s e& secures Dhs366m loan for green projects
Group said the loan will be used to finance or refinance eligible sustainable development projects, including renewable energy.
RAKBANK to contribute to the UAE banking sector’s 2030 pledge of AED 1trln sustainable finance at COP28
Raheel Ahmed, Group CEO of RAKBANK, said “We are proud to be a valuable contributor to UBF’s 2030 sustainable finance vision. In line with this special occasion, RAKBANK is announcing ambitious plans …
UAE’s retail investors made 2023 the ‘Year for IPOs’
As year’s second biggest UAE IPO – PureHealth – opens, investors keep eye on LuLu in ’24 DFM is up for its second best year since 2013, with IPOs from Dubai Taxi, Al Ansari Financial Services lighting …