Tag: ipo

UAE-based Udrive, the app-based pay-per-minute car rental service, has announced a $5 million Series B round of funding. Founded in 2017, the start-up said it has undergone one previous round of …
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To ensure the optimal application of federal laws and to strengthen the commitment of national institutions to international best practices, the Financial Restructuring Committee organised a workshop …
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Abu Dhabi-based Gulf Capital has announced that it has successfully closed a new long-term AED500 million ($136 million) syndicated revolving credit facility. The alternative asset management firm …
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Dubai Investments said in a filing to the Dubai Financial Market, where its shares are traded, on Sunday. Profit for the first quarter of 2018 included a gain of Dh333m attributed to the acquisition …
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Dubai – Mubasher: Dubai Investments Company (DIC) reported a 44% year-on-year drop in its profits for the first quarter of 2019. Net profits amounted to AED 202 million in Q1-19, compared to AED 361.9 …
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Sarwa is the first fintech to receive and graduate from the Dubai Financial Services Authority’s Fintech Innovation Testing License. The firm was founded in 2017 after being accepted in the DIFC …
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Dubai: Noor Bank has announced net profit of Dh217 million for the first quarter of 2019, an increase of 8 per cent over the same period last year and 220 per cent on the last quarter. The bank …
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According to the resolution, relevant government entities are tasked with preparing lists for fees and fines that can be paid in installments and submitting them to Dubai’s Department of Finance …
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DUBAI, 2nd May, 2019 (WAM) — More than ten finance and investment deals and partnerships have been struck between young Arab entrepreneurs and investors during the second Arab Youth Startup …
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Tristar, a subsidiary of Kuwaiti logistics firm Agility Public Warehousing, is headquartered in the United Arab Emirates and operates in 20 countries. Middle East logistics firm Tristar Group has …
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UAE Ministry of Finance signs a Memorandum of Understanding (MoU) with both; Abu Dhabi Global Market (ADGM) and the International Bank for Reconstruction and Development (IBRD) early today. UAE …
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(MENAFN – Khaleej Times) The third largest banking giant in the UAE with Dh423 billion in assets came into being on Wednesday following the merger of Abu Dhabi Commercial Bank, Union National Bank …
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Younis Al Khoori confirmed that the UAE is committed to participating in the realisation of economic development, financial sustainability and economic diversity through adopting new innovative …
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“Finance House is proud to be the first Financial Institution in the UAE to offer Loan Top-up facilities to customers through SMS,” added Al Amir Gamal. Finance House’s Digital Transformation strategy …
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Abu Dhabi Commercial Bank (ADCB) has merged with Union National Bank (UNB) and the merged entity has acquired Al Hilal Bank, forming the ADCB Group with effect from Wednesday. The ADCB Group, serving …
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LONDON. ADNOC is the Middle East’s most valuable brand, with its brand valued at US$8.9 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation …
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Dubai Financial Market (DFM) Company has announced a net profit of AED28.1 million ($7.65 million) for the first quarter of 2019, a 43 percent decrease compared to the year-earlier period. The company …
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