UAE investment tech sector ‘to grow 2.5 times by 2025’
The investment technology market in the UAE will increase by 145% by the end of 2025, reaching $313.5 million, said analysts of UnaFinancial, a global fintech group of companies. The […]
Abu Dhabi-based PureHealth announces intention to list on ADX
Healthcare giant PureHealth Holding has announced its intention to proceed with an initial public offering (IPO) and list its shares on the Abu Dhabi Securities Exchange (ADX). Trading on ADX […]
DEWA’s Q3 revenue jumps 10.2% on demand
Dubai Electricity and Water Authority (DEWA) has reported a 10.2 per cent increase in Q3 2023 revenues to Dhs9.4bn ($2.5bn), driven by higher demand for energy, water and cooling services […]
DFSA hits FFA Private Bank with $370,000 fine over system failures
Dubai financial regulator has fined FFA Private Bank (FFA) $373,842 (Dhs1.4m) for having inadequate systems and controls to identify, assess and report trading, which exhibited suspicions of market abuse between […]
Alpha Dhabi posts double digit growth for Q3 results
Alpha Dhabi Holding (Alpha Dhabi), one of the fastest-growing investment holding companies in the MENA region, listed on the Abu Dhabi Securities Exchange, announced its financial results for the period […]
Saudi Agricultural Exhibition witnesses signing of 16 agreements with investments exceeding $800mln
The activities of the day one of the 40th session of the Saudi Agricultural Exhibition, held under the patronage of Eng. Abdulrahman bin Abdulmohsen Al-Fadhli, the Minister of Environment, Water, […]
Bahrain’s GFH acquires Saudi food services and logistics company for $133mln
Bahrain’s GFH Financial Group has confirmed it will acquire a Saudi Arabian food services and logistics business for SAR 500 million ($133 million). In a statement to Dubai Financial Market […]
Abu Dhabi’s Invest AD launches Blackstone Private Debt Fund
Abu Dhabi Investment Company (Invest AD), a wholly owned subsidiary of Mubadala Investment Company, has launched the Invest AD Blackstone Private Debt Fund, an SCA-regulated fund, which will offer local […]
Sovereign wealth fund ADIA optimistic on equities, private credit after turbulent 2022
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) said it was optimistic about public equities for 2023 after last year’s market rout, driven by high inflation and rising interest rates, […]
DIFC unveils five-year innovation strategy for financial services
Dubai International Financial Centre (DIFC) and Refinitiv have revealed a five-year outlook for innovation in the financial services industry. Following the initial wave of innovation sparked during the pandemic, the […]