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United Arab Emirates
Markets
UAE: Second auction of T-Bonds sees bids worth AED 9.7 bn
Oversubscription by 6.5x
Technology
Sheikh Mohammed bin Rashid unveils opening date of Expo City Dubai
The City is an ideal destination for residence, business, education
Economy
UAE: Half of companies considering pay raises for employees
68% of companies are currently reviewing annual salary budget
Banking & Finance
UAE Ministry of Finance announces second auction of federal treasury bonds
The auction is part of the AED 9 billion T-Bonds issuance program for 2022
Markets
UAE’s NCHT allows foreigners to own 49% of its shares
Eligibility includes any natural or legal person, whether a UAE citizen or not
Technology
Dubai tops Middle East in Digital Cities Index
It also ranked second globally in the 'Digital Skills' sub-indicator
Real Estate
Dubai registers huge real estate transactions in 5 months
Over 30K transactions from January through May
Banking & Finance
Mega investors opt for Dubai lured by favorable financial future
Inflation, geopolitical tensions impacted HNWI's spending patterns
Logistics
UAE makes major announcement regarding Indian wheat exports
Halt on all items
Health
DoH partners with French Sanofi in four strategic healthcare areas
Key activities include launching a clinical research project
Markets
Dubai’s Salik turns into a joint stock company ahead of potential IPO
As per the law, Dubai’s government owns all of the company's shares
Markets
Tecom set price range for IPO at 2.46 to 2.67 dirhams per share
Subscription for 625 million shares began today on DFM
United Arab Emirates
Sheikh Mohammed bin Rashid offers Arab students a very special gift
The move aims to enrich, improve the library's reading material
Real Estate
Dubai’s luxury real estate market maintains growth in May
Market maintained growth of 1.1 percent to reach 80.6 points
Economy
42% of customers in UAE refuse to compromise quality over price
This is likely to reflect a higher average income across the country
Technology
Crypto scammers face five years of jail, hefty fines in UAE
Fines could go up to AED 500,000
Banking & Finance
“First Abu Dhabi” announces completion of legal merger of Audi- Egypt assets
Full integration of the bank's operations and systems in Q4 2022
Markets
UAE’s Borouge included in FTSE Global Equity Index Series
Joining marks major recognition of Borouge
Logistics
Dubai Chamber member exports surge to $23.1 bn in May
Exports grew 15.8% YOY to reach AED 104.3 billion between January, May
Markets
DFM launches new equity futures on stocks of DEWA, GFH
This is part of DFM’s strategy to diversify investment opportunities
Banking & Finance
Beltone takeover bid: UAE’s Chimera offers acquisition above WM Consulting price
Chimera's offer is about 10% higher than its Egyptian competitor’s
Technology
First UAE-based burger restaurant to step into the Metaverse
Pickl reveals first glimpse of its meta restaurant
Markets
RTA plans first meetings with investors ahead of anticipated Salik listing
Listing may take place as early as September
Real Estate
Abu Dhabi’s real estate transactions reach 8.6 bn dirhams in Q1
Mortgage transactions represented 55% of home sales volumes
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