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The United Arab Emirates’ green digitization vision The COVID-19 pandemic has revealed the need for sustainable digitization of the economy, and the UAE is accepting the challenge. 9490 Total views Expert Take The United Arab Emirates is the world’s sixth-largest oil producer and one of the richest countries in the world, with a gross domestic product per capita of above $43,000 as of 2019, according to the World Bank. As per its “Vision 2021,” Iis petroleum- and na...

  Unless the context otherwise requires, capitalised words and expressions used in this Announcement have the same meaning given to them in the announcement made by the Company earlier today in relation to the Issue.   Important Information This Announcement is an advertisement and does not constitute a prospectus relating to the Company and does not constitute, or form part of, any offer or invitation to sell or issue, or an invitation to purchase investments of...

Anghami will become the first Arab technology company to list on NASDAQ New York via a merger with Vistas Media Acquisition Company Inc. (NASDAQ: VMAC), a publicly traded special purpose

Reforms, new rules to spur rebound in UAE IPO action issacjohn@khaleejtimes.com Filed on February 28, 2021 Equity markets in the Mena region experienced high volatility and average daily trading values increased significantly across the main exchanges. (AFP) Several new initiatives were launched in UAE with aim of bolstering activity in years ahead After a fall of 40 per cent in initial public offering (IPO) issuances across the Middle East and North Africa region in 2020, the UAE i...

Authorities had reduced the cap to 5 per cent in March 2020 to contain the fluctuations triggered by the pandemic

SHARE Sharjah resident Karan Gurnani may have only been trading for a few years, but already hes accumulated a solid following of 870 investors who "copy" his trades on online trading platform eToro. The retail investor, who is in his mid-20s, learned about investing by reading books, annual reports and the financial statements of companies he is interested in. “Some great investors I like to learn from are Mohnish Pabrai, Joel Greenblatt, Guy Spier, Howard Marks, Warren Buffett, Ryan Cohen a...

UAE Cabinet raises daily decline limit in shares to 10% from February 28 Wam/Abu Dhabi Filed on February 24, 2021 The new cap means that share prices of each listed company can now drop by a maximum of 10 per cent, instead of five per cent. — File photo The development comes in implementation of a cabinet decision. Stocks listed on the UAE’s bourses will see their limit cap rising to 10 per cent from the current five per cent, effective February 28th, the Abu Dhabi and Dubai markets...

Sharjah Islamic Bank to pay 8% cash dividends as profits rise to Dh405.8 million in 2020 Staff Report Filed on February 20, 2021 Sharjah Islamic Bank achieved an increase in its operating profits, which amounted to Dh697.7 million, or 8.7 per cent up, compared to Dh642.1 million for the previous year before calculating the provisions for impairment. — Supplied photo Total customer deposits increased by 23 per cent to reach an amount of Dh33.6 billion compared to Dh27.3 billion at the ...

SHARE A new UAE Trust law passed late last year will support the development of the onshore wealth management sector in the country, a finance ministry official said. The Federal Law No. (19) of 2020 on trusts was enacted by President Sheikh Khalifa bin Zayed in September last year. “The decree-law regarding trusts was an important addition to the UAE’s advanced legislative structure,” Younis Haji Al Khouri, undersecretary of the Ministry of Finance, said. “[It] supports the wealth man...