Megha Merani

4 days ago | agbi.com | Megha Merani

Health Creative Commons/Wikimedia Commons/Kishore Vishwanath Appeal denied in Baroda caseShetty personally liable for millionsInvestigations into NMC continueBR Shetty has lost his bid to appeal against a $33 million judgment by the Dubai International Financial Centre Courts in a case linked to the collapse of the company he founded, NMC Health.

4 days ago | agbi.com | Megha Merani

Markets John Wreford/SOPA Images/Sipa USA via Reuters Aim to attract prospective IPOs Dubai targeting Chinese securities US-China tariff war benefits Gulf The Dubai International Financial Centre is stepping up efforts to attract Chinese securities firms and corporates hoping to raise funds through initial public offerings, positioning itself as an alternative jurisdiction to Hong Kong and New York. Set up in 2004, the DIFC provides a platform for financial institutions with a legal and...

1 week ago | agbi.com | Megha Merani

Leisure & Hospitality Wynn UAE resort due in 2027 US projects on pause Stock upgraded to ‘buy’ Wynn Resorts has said its $5 billion integrated resort in the UAE is progressing on schedule, even as the Las Vegas casino operator delays hundreds of millions of dollars in other projects due to rising construction costs linked to new Trump tariffs.` While gambling remains prohibited under UAE federal law, the 47-storey resort on Al Marjan Island in the small emirate of Ras Al Khaimah remains on...

1 week ago | agbi.com | Megha Merani

Markets Tabby IPO could be next yearKitopi’s further outWorries about international investorsFintech company Tabby and cloud kitchen operator Kitopi are preparing to go public. However they have warned about potentially limited share allocations to international investors and Gulf economic risks linked to oil prices being at a four-year low.

2 weeks ago | agbi.com | Megha Merani

Gaming Jon Bilous/Alamy via Reuters MoU to help ‘innovate gaming’US state home to Atlantic City casinosUAE sector could be worth $8.5bnThe US state of New Jersey, home to Atlantic City’s casino resorts, signed a landmark agreement this week with the UAE’s gaming regulator.