Money Souk

11/03/2024

Ramadan Kareem to all celebrants. Parkin's IPO rapidly oversubscribed, ADQ prepares Etihad Airways for IPO with top advisors, Burjeel and Yahsat profits increase, Deyaar and Yahsat announce dividends, UAE gold prices surge, major investment firms expand to Abu Dhabi, and Dubai real estate transactions just keep on growing. Dive in for more:

Ramadan Kareem to all celebrants. Parkin's IPO rapidly oversubscribed, ADQ prepares Etihad Airways for IPO with top advisors, Burjeel and Yahsat profits increase, Deyaar and Yahsat announce dividends, UAE gold prices surge, major investment firms expand to Abu Dhabi, and Dubai real estate transactio...

04/03/2024

IPOs planned for Etihad Airways and Parkin, while Emirates Insurance, IHC, and Dubai Taxi report significant profit increases, Morgan Stanley and Microsoft expand UAE operations, ADNOC and Agthia Group make strategic acquisitions, and Emaar Properties launches AED 96b in projects.

IPOs planned for Etihad Airways and Parkin, while Emirates Insurance, IHC, and Dubai Taxi report significant profit increases, Morgan Stanley and Microsoft expand UAE operations, ADNOC and Agthia Group make strategic acquisitions, and Emaar Properties launches AED 96b in projects.

27/02/2024

UAE exits money laundering grey list, Fly Dubai's profit soars 75%, FAB predicts 4% GDP growth, Turkey halts AED 31.2b sukuk with UAE, FedEx to open AED 1.28b Dubai hub and ADQ announces AED 128.45b Ras El-Hekmat city project.

19/02/2024

Investcorp plans an IPO, Pure Health and Invictus profits plummet while Burjeel Holdings and Rak Properties' surge, Eshraq Investments swings to loss, TAQA's income more than doubles, and RedBird IMI's acquires All3Media for AED 5.33b.

Investcorp plans an IPO, Pure Health and Invictus profits plummet while Burjeel Holdings and Rak Properties' surge, Eshraq Investments swings to loss, TAQA's income more than doubles, and RedBird IMI's acquires All3Media for AED 5.33b.

12/02/2024

Dubai achieves its AED 2t non-oil foreign trade target a year early, IHC announces a AED 32.75b net profit, Emaar Properties' net profits jump 70%, Multiply Group's profits drop 98%, Abu Dhabi eyes AED 80.66b Egyptian land, and an AED 9b Chinese private equity firm launches in the UAE.

Dubai achieves its AED 2t non-oil foreign trade target a year early, IHC announces a AED 32.75b net profit, Emaar Properties' net profits jump 70%, Multiply Group's profits drop 98%, Abu Dhabi eyes AED 80.66b Egyptian land deal, and a AED 9b Chinese private equity firm launches in the UAE.

08/02/2024

UAE's economy to see 5.7% growth in 2024, Lulu's IPO aims for AED 3.68b, Mashreq Bank's net profit jumps 130%, FAB's profit reaches AED 16.4b, ADIA plans up to AED 18.4b investment in India, and Eisler Capital considers Dubai for new office.

08/02/2024

https://twitter.com/benphillips76/status/1752283367251296750

31/01/2024

Dubai's property market slows down, NBF reports a 113% net profit increase, Ghitha Holding sees an 87% drop, Dubai initiates a financing program for retirees, ADNOC and OMV near a joint venture with AED 73.5b turnover, and Danube Properties begins its AED 3b Bayz101 project:

Dubai's property market slows down, NBF reports a 113% net profit increase, Ghitha Holding sees an 87% drop, Dubai initiates a financing program for retirees, ADNOC and OMV near a joint venture with AED 73.5b turnover, and Danube Properties begins its AED 3b Bayz101 project.

22/01/2024

UAE’s Pure Health acquires UK's largest private hospital operator for AED 4.41 billion, Sharjah Islamic Bank posts a record 31% increase in 2023 net profits, Tumodo raises AED 128.6m in a pre-seed funding round, and RAK Properties sells-out first batch of units at Quattro Del Mar.

12/01/2024

Sheikh Mohammed plans to fund an AED 205.7b Dubai social agenda, Abu Dhabi to launch first Shariah-compliant India ETF, FAB and UAE agency sukuks (Sharia-compliant bonds) oversubscribe, ADQ eyes a bid for Dubai's largest office tower, and questions arise over IHC Abu Dhabi's asset valuation in its AED 99.17b 2PointZero spinoff.....

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Sheikh Mohammed plans to fund an AED 205.7b Dubai social agenda, Abu Dhabi to launch first Shariah-compliant India ETF, FAB and UAE agency sukuks oversubscribe, ADQ eyes a bid for Dubai's largest office tower, and questions arise over IHC Abu Dhabi's asset valuation in its AED 99.17b 2PointZero spin...

22/12/2023

PureHealth shares soar 69%, Bayanat and Yahsat to merge into an AED 15b aerospace powerhouse, FSRA to curb crypto transaction anonymity, Mashreq Bank shareholders approve AED 9.17b Sukuk Program and the luxury Armani Residential and Ritz-Carlton Residences launch.