For the first time in the region, the innovative Mastercard Installments Program gives shoppers the flexibility to convert purchases into four installments with no fees and no interest …
Emirates NBD observes UAE Flag Day
Dubai, UAE: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, commemorated UAE Flag Day with staff ceremonies at its Deira headquarters and Meydan …
Dubai Financial Center regulator approves TON and XRP tokens
The Dubai Financial Services Authority (DFSA), the financial regulatory agency of the special economic zone, the Dubai International Financial Centre has recognized two new crypto tokens TonCoin (TON) …
Middle East alternative asset manager Investcorp sets IPO price range for vehicle
Investcorp said the vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange.
Investcorp Capital targets $403 million for IPO on Abu Dhabi exchange
Alternative investment firm Investcorp Capital is looking to raise up to $403 million from its initial public offering on the Abu Dhabi Securities … shares with a nominal value of about 1.84 UAE …
Investcorp Capital IPO: Company aims to raise $403 million through ADX listing
The ADX also hosted the largest Mena IPO in the second quarter, with Adnoc L&S raising $769.5 million. The Dubai International Financial Centre branch of Moelis & Company UK has been appointed as the …
S&P praises ongoing development of UAE’s banking sector
International credit rating agency Standard & Poor’s (S&P) praised the ongoing development of the UAE’s banking services sector. The coexistence of traditional and Neobanks has become more likely, …
DIFC Champions Dubai as a Global Crypto Hub with Approval of XRP Under its Virtual Assets Regime
today announced that the Dubai Financial Services Authority (DFSA) has approved the digital asset XRP for use within the Dubai International Financial Centre (DIFC). Licensed virtual asset firms …
Dubai firm fined $370,000 for financial service violations
The Dubai Financial Services Authority (DFSA) described FFA Private Bank’s approach towards assessing suspicious trading as “flawed” …
Al Ansari Financial Services announces Dh300 million maiden interim cash dividend
Al Ansari Financial Services PJSC, one of the leading integrated financial services groups in the UAE, on Thursday announced the approval of its first prop..
Dubai debtors who prove inability to pay could avoid imprisonment
Debtors in Dubai civil matters able to prove their inability to meet court-ordered payments are not subject to arrest warrants in most cases, the emirate’s highest judicial body has said. Creditors …
FFA Private Bank (Dubai) fined $370,000 for market abuse identification failures
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UAE considering investment worth $50 billion in India
The United Arab Emirates (UAE) is contemplating an investment of up to $50 billion in India, as part of a larger strategy to capitalize on the world’s fastest-growing major economy …
Middle East alternative asset manager Investcorp Capital sets IPO price range
IPO activity in the Gulf is picking up after the pace slowed from an exceptional 2022. Saudi Arabia and the UAE led new listings that year, raising nearly $22 billion – more than half the total for …
Investcorp Capital sets IPO price range
Nov 2 (Reuters) – Investcorp Capital plc on Thursday set the price range for its initial public offering (IPO) at between 1.90 per share United Arab Emirates dirhams and AED 2.30 per share implying an …
UAE tax for non-residents; Saudi wins FIFA World Cup bid; New fertility law – 5 trending stories to read today
FIVE Holdings will create up to 50 new staff millionaires following its IPO in 2025, the group’s founder Kabir Mulchandani has revealed. In an interview published in Arabian Business, Mulchandani said …
UAE ‘leading the way’ in sustainable finance globally, Minister of Economy says
In the face of heightened geopolitical tensions, climate change concerns, and trade barriers that have raised questions about the future of the global economic order, the UAE has demonstrated …