Company Insights Dubai Financial Market (DFM) Markets Dubai Financial Market (DFM) News Economy Dubai’s ‘continuous growth’ lifts education market Dubai’s primary and secondary education sector is thriving, according to an industry expert, providing opportunities for landlords, operators and international investors. At the start of this academic year the number of students from kindergarten to twelfth grade, known as K-12, enrolled in the emirate’s 216 private schools stood at 326,000 – a 4.5 percent increase […] April 12, 2023 Logistics Agility targets rapid growth as it hails ‘huge potential’ of Saudi market Kuwaiti logistics firm Agility sees huge potential in Saudi Arabia and is “taking every measure” to boost its investments in the kingdom. The company, which has reported earnings of KD68 million ($221 million) for 2022, a year-on-year increase of 180.7 percent, believes Saudi Arabia “definitely” offers the biggest market potential in the GCC. Agility’s revenues […] April 11, 2023 Banking & Finance Dubai utility provider approves $1.3bn dividend payout Shareholders of state-owned utility provider Dubai Electricity and Water Authority (Dewa) have approved the payment of total dividends of AED4.77 billion ($1.30 billion) as of April 20, 2023. The 12-month dividend yield for shareholders stands at 6.3 percent, considering the IPO price of AED2.48 per share, state-run WAM news agency reported Shareholders must be on […] April 11, 2023 Markets Al Ansari raises $210m in IPO as order book nears $3.5bn UAE-based remittance and foreign exchange house Al Ansari Financial Services has raised AED773 million ($210.5 million) in its initial public offering (IPO) after setting the offering price at AED 1.03 per share. The order book stood at more than AED12.7 billion ($3.46 billion), meaning it was 22 times oversubscribed. Dubai-based Shariah-compliant savings scheme provider National […] March 27, 2023 Banking & Finance GCC lenders can withstand US contagion risk GCC lenders are well equipped to withstand the current crisis in the world’s banking sector, according to experts from ratings agency S&P Global. The turbulence in the industry over the last seven days – which has seen the high-profile collapse of Silicon Valley Bank (SVB) and Signature Bank in the US, and the bailout of […] March 17, 2023 Markets UAE exchange house Al Ansari seeks to raise over $210m in IPO UAE-based remittance and foreign exchange house Al Ansari Financial Services is seeking to raise up to AED772.5 million ($210.4 million) by listing on the Dubai Financial Market (DFM). Al Ansari, which announced an intention to float 10 percent of the company last week, will price its shares between AED1 and AED1.03, implying a valuation of […] March 17, 2023 EXCLUSIVE Banking & Finance BNY Mellon reports 245% rise in net flows into GCC equities BNY Mellon clients’ net investments in GCC shares rocketed by 245 percent from 2019 through to the end of 2022, America’s oldest bank told AGBI. Over this three-year period, the bank’s clients have poured $1.2 billion into Gulf equities, “outpacing emerging developed markets and the Eurozone significantly”. The New York-headquartered bank did not supply yearly […] March 13, 2023 Banking & Finance Al Ansari to float 10% stake on Dubai stock market Al Ansari Financial Services has revealed plans to float 10 percent of the company on the Dubai Financial Market. The exchange house is making 750 million shares available through the initial public offering, each valued at one fil, with the subscription period running from March 16 to 24. The listing is scheduled to go live […] March 9, 2023 Opinion Markets Regional IPOs, the ‘cannibal’ factor and irrational exuberance The listing of Adnoc Gas for $50 billion reveals the strength of regional IPOs in the Gulf March 3, 2023 Markets Profits of 123 Emirates-listed companies at $52bn in 2022 The net earnings of 123 UAE-listed companies reached AED191 billion ($52 billion) in 2022, indicating their strong financial position and healthy revenue growth. The net profits of listed firms increased by 60 percent, or AED72 billion, last year, according to a state-owned Emirates News Agency (WAM) report. Out of the total earnings, nearly 77 companies […] February 20, 2023 Posts navigation Previous 1 … 14 15 16 … 19 Next
Economy Dubai’s ‘continuous growth’ lifts education market Dubai’s primary and secondary education sector is thriving, according to an industry expert, providing opportunities for landlords, operators and international investors. At the start of this academic year the number of students from kindergarten to twelfth grade, known as K-12, enrolled in the emirate’s 216 private schools stood at 326,000 – a 4.5 percent increase […] April 12, 2023
Logistics Agility targets rapid growth as it hails ‘huge potential’ of Saudi market Kuwaiti logistics firm Agility sees huge potential in Saudi Arabia and is “taking every measure” to boost its investments in the kingdom. The company, which has reported earnings of KD68 million ($221 million) for 2022, a year-on-year increase of 180.7 percent, believes Saudi Arabia “definitely” offers the biggest market potential in the GCC. Agility’s revenues […] April 11, 2023
Banking & Finance Dubai utility provider approves $1.3bn dividend payout Shareholders of state-owned utility provider Dubai Electricity and Water Authority (Dewa) have approved the payment of total dividends of AED4.77 billion ($1.30 billion) as of April 20, 2023. The 12-month dividend yield for shareholders stands at 6.3 percent, considering the IPO price of AED2.48 per share, state-run WAM news agency reported Shareholders must be on […] April 11, 2023
Markets Al Ansari raises $210m in IPO as order book nears $3.5bn UAE-based remittance and foreign exchange house Al Ansari Financial Services has raised AED773 million ($210.5 million) in its initial public offering (IPO) after setting the offering price at AED 1.03 per share. The order book stood at more than AED12.7 billion ($3.46 billion), meaning it was 22 times oversubscribed. Dubai-based Shariah-compliant savings scheme provider National […] March 27, 2023
Banking & Finance GCC lenders can withstand US contagion risk GCC lenders are well equipped to withstand the current crisis in the world’s banking sector, according to experts from ratings agency S&P Global. The turbulence in the industry over the last seven days – which has seen the high-profile collapse of Silicon Valley Bank (SVB) and Signature Bank in the US, and the bailout of […] March 17, 2023
Markets UAE exchange house Al Ansari seeks to raise over $210m in IPO UAE-based remittance and foreign exchange house Al Ansari Financial Services is seeking to raise up to AED772.5 million ($210.4 million) by listing on the Dubai Financial Market (DFM). Al Ansari, which announced an intention to float 10 percent of the company last week, will price its shares between AED1 and AED1.03, implying a valuation of […] March 17, 2023
EXCLUSIVE Banking & Finance BNY Mellon reports 245% rise in net flows into GCC equities BNY Mellon clients’ net investments in GCC shares rocketed by 245 percent from 2019 through to the end of 2022, America’s oldest bank told AGBI. Over this three-year period, the bank’s clients have poured $1.2 billion into Gulf equities, “outpacing emerging developed markets and the Eurozone significantly”. The New York-headquartered bank did not supply yearly […] March 13, 2023
Banking & Finance Al Ansari to float 10% stake on Dubai stock market Al Ansari Financial Services has revealed plans to float 10 percent of the company on the Dubai Financial Market. The exchange house is making 750 million shares available through the initial public offering, each valued at one fil, with the subscription period running from March 16 to 24. The listing is scheduled to go live […] March 9, 2023
Opinion Markets Regional IPOs, the ‘cannibal’ factor and irrational exuberance The listing of Adnoc Gas for $50 billion reveals the strength of regional IPOs in the Gulf March 3, 2023
Markets Profits of 123 Emirates-listed companies at $52bn in 2022 The net earnings of 123 UAE-listed companies reached AED191 billion ($52 billion) in 2022, indicating their strong financial position and healthy revenue growth. The net profits of listed firms increased by 60 percent, or AED72 billion, last year, according to a state-owned Emirates News Agency (WAM) report. Out of the total earnings, nearly 77 companies […] February 20, 2023
