Tag: ipo

According to the statistics centre, strong management of repercussions of COVID-19 outbreak reduced economic impact of global crisis on Dubai. Real estate, finance, manufacturing and the government …
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Dubai’s real gross domestic product shrank by 3.5% year-on-year in the first quarter, the government’s media office said in a statement on Tuesday, as the Middle East’s business and tourism hub feels …
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Dubai World has made a final $8.2bn payment to creditors, ending the most complicated and highest-profile restructuring to stem from the debt crisis that almost overwhelmed the Gulf emirate a decade …
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Dubai World announced today the repayment of the final tranche of debt to its original creditors, completing the refinancing program that commenced in 2010.
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Payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World Ltd …
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Like most federal laws, the ESR (Economic Substance Regulations) should apply equally to all the emirates, including free zones unless otherwise agreed upon. Free zones are exempted from UAE labour …
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The Indian billionaire founder of UAE-based Mulk Holdings has ruled out the possibility of an initial public offering (IPO) for the multinational conglomerate this year. However, Shaji Ul Mulk told …
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Dubai World made a final payment of $8.2 billion to creditors two years ahead of schedule, completing a debt restructuring that weighed on the emirate for almost a decade.The government-owned …
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Have you set up your company in line with the new UAE economic substance rules? If you have not yet, do it now – because if the looming deadline passes, which is today – June 30, be prepared to pay a …
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The banking sector in the UAE is facing a lot of pressure due to the unprecedented compression in net interest margins, slowdown in the economic activity, low oil prices and wo …
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Haj Saeed was a self-made businessman who progressed from being a seafarer and trader to a businessman and visionary community leader.
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His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has paid tribute to Emirati businessman Haj Saeed bin Ahmed Al Lootah, …
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Of all the digital technologies that are driving change in businesses, Artificial Intelligence (AI) is perhaps the most disruptive of all and has taken over the globe by storm. Currently, AI based …
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Sweid’s VC fund backs founders of innovative and disruptive companies tackling issues from health care inclusion to financial equity.The post How Global Venture’s Noor Sweid Is Changing the World …
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A British businessman must repay $430 million to an Emirates lender before he can be released from his decade in a Dubai prison, the bank said as it dismissed his claims that a restructuring agreement …
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Saudi Arabian stocks ended lower on Monday, hurt by losses in banking shares, while the indexes in Qatar and Dubai extended their retreat to a straight fourth day. Saudi Arabia’s benchmark index …
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Saudi power plant developer and operator ACWA Power expects to achieve its target of more than $10 billion in new investments this year, as the coronavirus pandemic had “minimal impact” on its …
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