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Parkin share price rises 35% on first day of trading

Parkin share price rises 35% on first day of trading
On DFM, Parkin's stock off to 35% surge in first few minutes of trading. UAE's first IPO of 2024 catches a lot of heavy retail investor for secondary buying

NMC Healthcare and DIB reach out-of-court settlement

NMC Healthcare and DIB reach out-of-court settlement
UAE hospital operator NMC Healthcare reaches out-of-court settlement with Dubai Islamic Bank.

Parkin raises Dh1.6 bn; IPO oversubscribed 165 times

Parkin raises Dh1.6 bn; IPO oversubscribed 165 times
Dubai: Parkin raises Dh1.6 billion; IPO oversubscribed 165 times

Parkin IPO price range set at Dh2-2.10 per share

Parkin IPO price range set at Dh2-2.10 per share
Dubai: Parkin IPO price range set at Dh2-2.10 per share; high interest from investors on day 1.

DIB discontinues 'Salary in Advance' facility

DIB discontinues 'Salary in Advance' facility
UAE: Top bank discontinues 'Salary in Advance' facility.

Salik shareholders reap benefits, share concerns

Salik shareholders reap benefits, share concerns
UAE: Salik shareholders reap benefits, share concerns.

Buna’s cross-border payment to enhance investments

Buna’s cross-border payment to enhance investments
Chinese, Indian, Pakistani currencies to join UAE-based cross-border payment system.

UAE, Saudi to lead GCC non-oil GDP growth

UAE, Saudi to lead GCC non-oil GDP growth
UAE, Saudi to lead GCC non-oil GDP growth: IMF

Dubai Taxi Company shares surge on DFM debut

Dubai Taxi Company shares surge on DFM debut
Dubai Taxi Company shares soar almost a fifth on market debut. Listing highlights Dubai’s successful diversification strategy.

Bank warns residents of suspicious messages

Bank warns residents of suspicious messages
Dubai: Bank warns residents of suspicious messages, unknown links.

Dubai to reduce public debt by Dh29 billion

Dubai to reduce public debt by Dh29 billion
Dubai government reduces public debt by Dh29 billion. Achievement comes within 16 months of the establishment of the Public Debt Management Office.

Supermarket franchisee Spinneys Dubai plans IPO in 2024

Supermarket franchisee Spinneys Dubai plans IPO in 2024
Spinneys Dubai's potential IPO, planned on the Dubai Financial Market, would add to the growing regional food retail sector.

Dubai, Hong Kong forge financial services partnership

Dubai, Hong Kong forge financial services partnership
Global cities Dubai and Hong Kong forge financial services partnership to activate economic corridor.

UAE-based Lulu to raise Dh10b ahead of IPO

UAE-based Lulu to raise Dh10b ahead of IPO
Lulu hypermarket chain is realigning its capital structure before a possible IPO listing in 2024.

Binance wins operational License in Dubai

Binance wins operational License in Dubai
Binance to offer crypto broker-dealer services in Dubai with new license.

UAE to set up money laundering prosecution offices

UAE to set up money laundering prosecution offices
UAE to establish dedicated money laundering prosecution offices. Move part of country's efforts to combat financial crimes.

UAE interest rate hikes nearly come to an end

UAE interest rate hikes nearly come to an end
UAE borrowers relieved as interest rate hikes nearly come to an end.

Emirates Gold Suspended from UAE accreditation and LBMA

Emirates Gold Suspended from UAE accreditation and LBMA
UAE suspends Emirates Gold refinery from its 'good delivery list'. London Bullion Market Association also stops the company’s affiliate membership

Sobha Realty launches $300m debut sukuk

Sobha Realty launches $300m debut sukuk
Sobha Realty expected to raise $300 million with debut sukuk - document. The five-year sukuk non-callable for three years launched at a yield of 8.75%

DFM adds 26,953 new investor account in H1 2023

DFM adds 26,953 new investor account in H1 2023
Brokerage companies at the Dubai Financial Market added 26,953 new investor accounts in the first half of 2023.

Dubai leads most Gulf markets higher; Qatar falls

Dubai leads most Gulf markets higher; Qatar falls
Most stock markets in the Gulf, including Dubai ended higher on Monday amid rising oil prices.

Emirates staff exempt from unemployment insurance sheme

Emirates staff exempt from unemployment insurance sheme
UAE job loss insurance: Exemption granted to Emirates Group employees. Airline spokesperson confirms it is voluntary for employees to sign up for unemployment insurance scheme

DMCC welcomes crypto-giant Bybit

DMCC welcomes crypto-giant Bybit
Bybit Joins DMCC as Ecosystem Partner to Accelerate Development and Mass Adoption of Crypto and Web3.

UAE banks rank second globally in customer trust

UAE banks rank second globally in customer trust
UAE ranks second globally in customer trust: UAE Banks Federation.

WellxMind offers free 24/7 mental health services

WellxMind offers free 24/7 mental health services
UAE: New initiative offers free 24/7 mental health services as part of insurance plans.
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