Dubai, UAE -- Dubai Taxi Company Monday announced its intention to proceed with an Initial Public Offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a statement on Monday, the company said that 624.750 million shares, each with a nominal value of...
Dubai Government reduces public debt by US$7.8bn
DUBAI, UAE - The Public Debt Management Office (PDMO) of the Government of Dubai's Department of Finance (DOF) announced a reduction of approximately US$7.8 billion (AED29 billion) in Dubai's public debt by the end of this year. The achievement has been realized within a year and a half since the...
12 Ajman banks sign pact with Department of Finance for easy payment plan
The Ajman’s Department of Finance has signed agreements with 12 local banks to offer an "easy payment plan", which allows installment payments for government service fees to be made through the "Ajman Pay" platform when paid using any credit cards of these banks. The participating banks include First Abu Dhabi...
Dubai announces projects worth $6.8 billion
They include urban development, health, and transport projects.
Dubai repays $500-million government bond certificates with interest
The government said the Fixed Rate Note was issued on June 22 in 2011, and reached maturity on the same date this year Issued under the Euro Medium Term Note Program, all the notes have been redeemed after they matured The government of Dubai has announced that it has...
