“Al Ansari Financial Services” sets the price range between 1 – 1.03 dirhams per share

The launch of the company’s public offering in the Dubai market..today Dubai – Al Arabiya.net Published in: March 16, 2023: 08:56 AM GST Last updated: Mar 16, 2023: 12:20 PM GST Al Ansari Financial Services Company announced, in a statement today, Thursday, that it has set the price range for the public offering on the … Read more

Al Ansari Exchange intends to double its distribution to 600 million dirhams prior to the offering

It is expected that the company will be listed in Dubai in the first quarter of this year Dubai – Al Arabiya.net Published in: Mar 02, 2023: 12:20 PM GST Last updated: Mar 02, 2023: 12:59 PM GST Al Ansari Financial Services plans to double its 2023 dividends ahead of its potential initial public offering, … Read more

Emirates NBD profits rise 40% to 13 billion…

(MENAFN– Al-Bayan) Emirates NBD’s profits for the year 2022 jumped 40%, to reach 13 billion dirhams. Profit for the fourth quarter was exceptionally strong at AED 3.9 billion, up 94% compared to the same period in the previous year. 2022 was a record year in terms of performance, especially in terms of retail loans and … Read more

The profits of the Emirati “Bayanat” group rose 28% in the fourth quarter, to 55.4 million dirhams

The profits of Bayanat Group in Abu Dhabi increased by 28% in the fourth quarter of last year, compared to the same period of the previous year, to reach 55.4 million dirhams. The group achieved annual profits amounting to 202 million dirhams, an increase rate of 110%, due to the improvement in the financial performance … Read more

E-logistics: A second fundraiser of 7.5 million dirhams for the start-up Cathedis

5 MDH were raised from Afrimobility, AKWA Group’s Venture Capital fund. Cathedis, a Moroccan start-up specializing in delivery and e-logistics, announces that it has completed a new financing cycle: a “pre-series A” fundraising of 5 million dirhams from Afrimobility, a Venture Capital from AKWA Group, and a bridge of 2.5 MDH granted by CDG Invest, … Read more

The real estate sector in Dubai exceeds half a trillion dirhams in 2022

Dubai (Union) His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, affirmed that the exceptional growth of the real estate sector in the emirate reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE … Read more

Advertising investments reached 653 million dirhams in 2022

Advertising investments in Morocco experienced a moderate increase of 0.1% for a total amount of 653 million dirhams compared to December 2021. This increase is attributable to growth in display advertising investments, which increased by 10.7%. On the other hand, radio and the press recorded a drop of 7.7% and 9.7% respectively. Digital meanwhile maintained … Read more

Emirates NBD offers one billion dirhams of 3-year bonds

like Emirates NBD Bank, Bonds worth one billion dirhams for 3 years. The bank indicated that these bonds witnessed strong demand, as requests amounted to more than 1.65 billion dirhams, which allowed the bank to reduce the interest rate to an additional 83 points on federal treasury bonds. He explained that regional investors accounted for … Read more

“Alpha Abu Dhabi” and “Mubadala” establish a project worth 9 billion dirhams

Abu Dhabi (Al Ittihad) Alpha Abu Dhabi Holding Company and Mubadala Investment Company “Mubadala” announced the establishment of a joint venture to invest in private credit opportunities, amounting to 9 billion dirhams over the next five years, and to benefit from the long-term strategic partnership of “Mubadala” with Apollo, which is one of the largest … Read more

CT: +3.04 billion dirhams in FEC loans contracted in 2021 | Conso news

A total of 3.04 billion dirhams (MMDH) in loans was contracted by local authorities (CT) from the Municipal Equipment Fund (FEC) in 2021, according to the Budget Department, under the Ministry of the Economy. and Finance. “In 2021, the Credit Committee held 10 meetings to decide on loans for a total amount of 3.04 billion … Read more