Business

  Will private sector enterprises provide UAE's next wave of IPOs? The UAE capital markets are experiencing a surge in the number of IPOs ready to launch, alongside a noticeable increase in median valuations. However, there's been a pattern where the enthusiasm in the primary markets hasn't always been reflected in the secondary market performance, indicating a potential disconnect. This issue is more pronounced in some private sector IPOs, even though the UAE's privatization initiatives haven't faced similar problems. Despite the growing role of market makers, issuers are exploring new strategies to maintain sufficient liquidity in the secondary market. This challenge isn't unique to the UAE; European markets have also encountered periods of low trading volumes, often resulting in more favorable valuations, as they struggle to match the extraordinary returns seen in the U.S. tech sector. For long-term investors, these lower valuations present a valuable opp...

  Dubai's current real estate market presents lucrative opportunities for investors, primarily due to a possible shortage of larger residential units. As Dubai enjoys economic stability and rapid population growth, the demand for spacious properties, such as three-bedroom apartments, townhouses, and villas, is on the rise. One clear sign of this trend is the significant increase in the number of schools in Dubai, growing from 17 to 220 since 2005. This surge indicates that more families are choosing to make Dubai their home, thereby increasing the need for larger residences. Recent data from the Knowledge and Human Development Authority (KHDA) show record high student enrollments in private schools, further emphasizing the demand for family-friendly properties. However, the supply of larger units may not be keeping up with this growing demand. Many new developments in Dubai continue to focus on smaller units, which are often seen as offering higher short-term returns on inves...

                 UAE Capital Markets Forge Partnership with HKSE The Hong Kong Stock Exchange (HKSE) has officially recognized the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) as part of its list of recognized marketplaces. This strategic move opens new opportunities for UAE-based companies to pursue secondary listings on one of Asia's premier financial markets. This development follows the inclusion of the Saudi Exchange (Tadawul) in 2023, underscoring the growing financial connections between the Middle East and Asia. Saudi Arabia led the Gulf region in initial public offerings (IPOs) in the first half of 2024, raising over $2 billion from 19 offerings, accounting for approximately 60% of the region's total IPO proceeds. Andrew Tarbuck, partner and head of capital markets at Al Tamimi & Co, a Dubai-based law firm, believes this development provides UAE-listed companies with "cleare...

Top Accounting ERP software solutions for UAE Users For entrepreneurs and companies operating in the UAE, selecting the right accounting ERP software is paramount for efficient financial management. Zoho Books Zoho Books offers user-friendly features for invoicing, expense tracking, and reporting, tailored to meet the diverse needs of UAE businesses. It’s particularly known for its ease of use and affordability, making it an excellent choice for small to medium-sized enterprises. Odoo With its customizable nature, Odoo allows businesses to adapt their ERP system to suit specific requirements, whether it’s invoicing, billing, or reconciliation. This flexibility makes it ideal for UAE enterprises that have unique needs and processes, offering modules that grow with your business. QuickBooks Online QuickBooks Online provides robust accounting capabilities accessible from anywhere, enabling seamless handling of invoicing, expense tracking, and tax calculations. Its cloud-based n...

Tips for First-Time Property Investors in Dubai, UAE Buying your first home in Dubai is an exciting endeavor's, but it comes with its own unique set of considerations. To help you navigate the real estate market in the UAE, we’ve gathered advice from seasoned professionals who understand the intricacies of buying property in Dubai. Here are their top 10 tips for first-time property investors in Dubai: 1. Understand Dubai’s Real Estate Landscape Familiarize yourself with Dubai’s real estate market, including trends, regulations, and popular neighborhood's. Each area offers its own distinct lifestyle and amenities, so research thoroughly to find the right fit for your needs. 2. Secure Financing Early Before you start your property search, get pre-approved for a mortgage or secure financing. This will give you a clear understanding of your budget and strengthen your position as a serious buyer in the competitive Dubai market. 3. Consider Freehold vs. Leasehold Properties...

The UAE Announces   New Competition Law The UAE has introduced a new competition law aimed at prohibiting firms from offering 'very low' prices with a monopolistic intent to drive out competitors. This legislation stipulates that economic activities should adhere to market principles without adversely affecting trade, development, or consumer interests. The law aims to promote equitable competition, prevent monopolistic practices, and safeguard consumer rights. The new law, Federal Decree-Law No. 36 of 2023 on competition regulation, was unveiled during a media briefing. This law governs mergers and acquisitions within the domestic market, ensuring they do not negatively impact competition. Key Objectives and Provisions: Promote Fair Competition:   The law ensures economic activities are conducted fairly, preventing monopolistic practices and protecting consumer interests Monitor Mergers and Acquisitions:   Economic concentration, d...