Abu Dhabi investment firm Lunate’s program will allow companies to transfer mandatory workers savings into six investment funds, a move that’s expected to benefit the country’s expat population.
Saudi Arabia’s Tabby taps banks for IPO – Bloomberg
Saudi-based buy-now-pay-later app Tabby is working with banks for an IPO, Bloomberg reported. The fintech unicorn is working with HSBC Holdings Plc, JPMorgan Chase & Co. and Morgan Stanley on the deal …
MENA IPOs raised $12.6bn last year, more growth expected in 2025
According to the EY MENA IPO Eye Q4 2024 report, MENA markets saw a total of 54 initial public offerings (IPOs) in 2024, raising $12.6bn in total. When compared to 2023, last year recorded a 12.5 per …
Saudi Arabian Unicorn Tabby Taps HSBC, JPMorgan, Morgan Stanley for IPO
Saudi Arabia-based Tabby, one of the Middle East’s first fintech unicorns, has hired banks to help prepare for an eventual initial public offering, according to people familiar with the matter.
Insights: Dubai’s role in driving financial evolution
The ECN technology is poised to be a game changer in the region, enabling the introduction of new financial instruments on the platform.
UAE continues AED bond issuances to strengthen local debt market
Younis Haji AlKhoori, Under-Secretary of the Ministry of Finance, said that the Ministry of Finance is continuing its plans for bond issuances in UAE dirham to develop the local debt market by …
UAE eyes quantum computing for financial services
Middle East financial firms are investing heavily in quantum computing, with one of the world’s top quantum research centres in Abu Dhabi …
Grant Thornton UAE opens in Sharjah
Grant Thornton UAE, one of the leading financial services companies, has announced the opening of its new office in Sharjah, in a step that represents a significant milestone in the company’s growth …
Ninth Arab Fiscal Forum focuses on enhancing public finance resilience
The Ninth Arab Fiscal Forum, jointly organised by the Ministry of Finance, the Arab Monetary Fund and the International Monetary Fund, kicked off on Monday …
MENA region recorded 54 IPOs raising $12.6b during 2024
Oman reported its largest IPO to date in Q4 with OQ Exploration & Production raising US$2.0b Saudi Arabia continued to dominate listings with 17 IPOs in Q4 2024 Dubai, UAE – According to the EY MENA …
Dubai welcomed 18.7m tourists last year, Sheikh Hamdan lauds ‘exceptional growth’
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, said that Duba …
Ministry of Finance participates in WGS 2025 with dynamic agenda
The Ministry of Finance is set to participate in the World Governments Summit (WGS) 2025, which will take place from 11th to 13th February in Dubai under the theme “Shaping Future Governments.”As part …
Standard Chartered Advises Against Buying Crypto Dip, Shiba Inu Partners with UAE Government And More: This Week In Crypto
The past week in the world of finance was marked by significant developments in the cryptocurrency sector. From warnings against buying the dip in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and …
Ministry of Finance announces issuance of a cabinet decision on the introduction of top-up tax for multinational enterprises
Abu Dhabi, UAE – The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details …
DIFC launches Dubai Financial Experts Program to develop next generation of national leaders in financial services
The Dubai International Financial Centre (DIFC), has launched the Dubai Financial Experts Program. The initiative aims to develop the next generation of Emirati leaders who will drive innovation …
Dubai: Eviction notices push some tenants to buy their own homes
Nearly 30 per cent of those who took mortgages last year in Dubai decided to become homeowners after receiving rental eviction notices from their landlords..
Ministry of Finance announces issuance of cabinet decision on introduction of top-up tax for multinational enterprises
ABU DHABI, 8th February, 2025 (WAM) — The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, …