Browsing Tag

Busniess

11 posts
UAE GDP to grow 4.3% in 2024

UAE GDP to grow 4.3% in 2024.

The UAE has experienced substantial economic growth. Government policies, investment levels, changes in global economic conditions, and a variety of other factors can all have an impact on GDP growth. It's also worth mentioning that economic forecasts are frequently subject to adjustment when new data becomes available, and actual results may differ from expectations.
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Al Ansari IPO: UAE money exchange may raise as much as $210m

Dubai’s Al Ansari Exchange has completed its first public offering (IPO), generating Dh773 million.

The UAE money and exchange company Al Ansari Financial Services may raise up to Dh773 million ($210 million) via the sale of a 10% interest in an initial public offering. According to the firm, it is selling 750 million shares and has set the offer share price range at between Dh1 and Dh1.03 per share, implying a market capitalisation of between Dh7.5 billion ($2.04 billion) and Dh7.73 billion ($2.10 billion) at listing.
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