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 …
AQU converts Sharjah Ruler’s works into audio books using AI
Al Qasimia University (AQU) revealed that it has converted the works of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, Founder of the University, …
UAE’s latest IPO – Investcorp Capital – opens, price range at Dh1.9-Dh2.3 a share
Global asset management company expects dividend payout of Dh411.7m-Dh422m Dubai: The UAE’s IPO market is again hitting its strides after summer, with that of Investcorp Capital opening. The price range for the offer is Dh1.9 to Dh2.30 a share, which works …
UAE President Sheikh Mohamed directs medical treatment for Palestinian children
UAE President Sheikh Mohamed bin Zayed Al Nahyan has directed the provision of medical treatment at UAE hospitals for 1,000 Palestinian children accompanied by their families from the Gaza Strip. This comes as part of the UAE’s efforts to extend …
UAE: More Indian universities, CBSE office coming to the country, says minister
Delhi-Abu Dhabi will start operations in January, more top universities and colleges coming to the UAE and the opening of the Central Board of Secondary Education (CBSE) office are being planned, a minister said.
UAE: Gold prices steady after Fed leaves rates unchanged
Gold prices in the UAE were steady at the opening of the markets on Thursday. As per Dubai Jewellery Group data, the 24K was trading at Dh240.5 per gram at 9 am local on Thursday morning, remaining unchanged from last night’s close. However, prices are up by Dh1 per gram when compared to Wednesday’s opening market rates.
Dharmendra Pradhan, UAE Education Minister Ink Agreement To Strengthen Educational Collaboration
During a meeting with his UAE counterpart, Dharmendra Pradhan said that India and UAE can work together to build a knowledge bridge to cement civilizational connect between the two countries.
Dubai Puts Casino Plans on Backburner as Abu Dhabi Pushes Ahead
The emirates of Abu Dhabi and Ras Al Khaimah have emerged as frontrunners to introduce casinos before their neighbor Dubai, after the glitzier city-state put any immediate plans to allow gambling on the backburner,
Dubai Islamic Bank’s income grows 47% to $3.95bn for first nine months
Bank’s balance sheet crosses the AED300 billion-milestone for the first time, reaching AED313 billion ($85.23 billion) up 9% YTD
Dubai resident to cycle from Saudi to UAE to break world record, raise funds for cancer treatment
A Dubai resident is making final preparations before embarking on a gruelling 600km journey from Saudi Arabia to the UAE to establish a new Guinness World Record for cycling and raise Dh1 million funds for cancer treatment.
UAE: Buy phones, mobile plans at world’s first unmanned telecom store
Masood M. Sharif Mahmood, chief executive officer of the telecom arm of e&, said ‘EASE’ is a self-service store in Dubai at Al Kifaf. The store features an interactive robot that answers queries.
Solar mini-grids offer clean-power hope to rural Africa
Working as a nurse in her rural Nigerian village, Andat Datau faced more than her share of challenges.Off-grid for years, her Sabon Gida village relied on diesel generators or lamps and, like millions …
UAE-Based Detectiome Launches Revonco, A Multi-Cancer Early Detection Test Powered By Artificial Intelligence, Specifically Designed For The Middle Eastern Population
Detectiome, which is a part of in5, an enabling platform for entrepreneurs to incubate and grow their businesses in Dubai, noted that the launch of Revonco marks a significant step towards harnessing …
FTA issues guide for non-resident persons for corporate tax purposes
The Federal Tax Authority (FTA) has clarified the criteria for determining Non-Residents subject to Corporate Tax in the UAE; the instances that require registration of a Non-Resident for Corporate …
FinTech Magazine’s Top 10 fintech hubs across the globe
We rank our Top 10 fintech hubs across the globe, from tech haven San Francisco to South America, Asia and Europe. See our Top 10 …