IPO boom underscores Dubai’s status as thriving hub for capital markets: DIFC Authority CEO

IPO boom underscores Dubai’s status as thriving hub for capital markets: DIFC Authority CEO
As illustrated in the Regional Outlook for Banking and Capital Markets 2024 report, regional IPO growth is expected to come in three phases. Firstly, through the continued privatisation of state-related entities, followed by listings by family-owned companies and latterly, FinTech and tech-enabled

DIFC publishes report on regional outlook for banking, capital markets

DIFC publishes report on regional outlook for banking, capital markets
Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region, has published a “Regional Outlook for Banking and Capital Markets” report in partnership with LSEG Data & Analytics.The report focuses on how regional IPO growth is expected to come in three phases

UAE a gateway for Chinese companies to expand into GCC, African markets: Under-Secretary for Financial Services and Treasury in Hong Kong

UAE a gateway for Chinese companies to expand into GCC, African markets: Under-Secretary for Financial Services and Treasury in Hong Kong
Joseph Chan, Under-Secretary for Financial Services and the Treasury at the Government of the Hong Kong Special Administrative Region, highlighted the ongoing efforts to strengthen relations with the UAE, to help pave the way for the expansion of Chinese companies into the markets of the Gulf Coope

SCA announces Eid Al Fitr holiday for financial markets

SCA announces Eid Al Fitr holiday for financial markets
The Securities and Commodities Authority (SCA) announced that the Eid Al Fitr holiday in the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will start from Monday, the 29th of Ramadan 1445 AH (April 8, 2024), until the 3rd of Shawwal 1445 AH.SCA added in today's circular that

Financial markets to close for Eid Al-Adha holiday from June 15 to 18

Financial markets to close for Eid Al-Adha holiday from June 15 to 18
The Securities and Commodities Authority (SCA) announced today that financial markets will be closed for Eid Al-Adha from Saturday, 15th June, to Tuesday, 18th June.In a statement, the authority added that trading will resume on Wednesday, 19th June. The statement noted that the Dubai Gold and Comm