Featured Islamic FinanceAl Ansari upsizes IPO on strong investor demandIFM CorrespondentMarch 29, 2023March 29, 2023 by IFM CorrespondentMarch 29, 2023March 29, 2023 Al Ansari Exchange was founded primarily to address the foreign exchange and remittance demands of its business partners and consumers... Read more
Aviation FeaturedAmid impressive network growth, Air Arabia witnesses record net profitIFM CorrespondentFebruary 16, 2023February 16, 2023 by IFM CorrespondentFebruary 16, 2023February 16, 2023 Air Arabia said their FY'22 net profit was AED 1.2 billion, up 70% from the previous year... Read more
Featured Wealth ManagementAbu Dhabi Investment Authority reveals reason behind good returnsWebAdminNovember 4, 2022November 3, 2022 by WebAdminNovember 4, 2022November 3, 2022 Abu Dhabi Investment Authority said it gave front-line managers more freedom as part of a larger plan to streamline internal processes... Read more
Banking and Finance Magazine‘ETF in nascent stage in ME’IFM CorrespondentJune 15, 2022June 16, 2022 by IFM CorrespondentJune 15, 2022June 16, 2022 Chimera Capital announced in August that its Chimera S&P UAE Shariah ETF surpassed AED 100 million.... Read more
Industry MagazineOverseas investors drive Dubai property marketIFM CorrespondentJune 15, 2022June 16, 2022 by IFM CorrespondentJune 15, 2022June 16, 2022 First-time buyers, District 2020 also leads demand for residential properties in the UAE.... Read more
Aviation FeaturedUAE budget airlines ought to reclaim Gulf skiesIFM CorrespondentApril 22, 2022 by IFM CorrespondentApril 22, 2022 Air Arabia recently stated that it will resume direct flights from Sharjah to four different cities — Taif, Al Jouf, Gassim, and Hail.... Read more
Energy FeaturedAbu Dhabi Solar firm Sweihan raises $70 mn via green bondsIFM CorrespondentJanuary 17, 2022 by IFM CorrespondentJanuary 17, 2022 The senior secured bonds have set a coupon of 3.625%... Read more
Featured Real EstateAbu Dhabi property rent shows a drop of 3.4% in the third quarter of 2021IFM CorrespondentNovember 1, 2021November 1, 2021 by IFM CorrespondentNovember 1, 2021November 1, 2021 This is the biggest drop in property rent since the UAE real estate market registered a 4.3 % quarterly jump in the second quarter of 2021... Read more
Featured HealthcareMubadala health buys 60% stake in UEMedicalsWebAdminJune 17, 2021 by WebAdminJune 17, 2021 The stake has been acquired from Jadawa Investment and United Eastern Group (UEG) and marked the company’s entry into the Saudi Arabia market... Read more
Featured Islamic FinanceADIB launches digital platform for corporates in Iraq to meet growing business demandsWebAdminMay 20, 2021 by WebAdminMay 20, 2021 The bank wants to strengthen its presence in the Iraqi market by launching its digital platform titled ADIB Direct... Read more