Too soon to panic? EFG Holding Group CEO urges calm over US tariffs

Speaking at the 19th EFG Hermes One-on-One Investor Conference in Dubai, Awad said global investor sentiment had been shaken by rising uncertainty

Stocks plummet in Asia as fallout from Trump tariffs deepens

Japan’s Nikkei sank 6.6 per cent to hit lows last seen in late 2023, while South Korea dropped 5 per cent

UAE issues cabinet decision on non-resident nexus for corporate tax law

UAE issues rule on non-residents’ nexus for corporate tax purposes

The new regulation clarifies when non-resident investors in QIFs and REITs are subject to corporate tax under the country’s tax law

2PointZero's Maseera acquires Egypt’s ADVA platform

2PointZero’s Maseera acquires Egyptian fintech platform ADVA

By leveraging a proprietary AI-driven credit scoring model that incorporates alternative data, ADVA has successfully underwritten first-time borrowers

GCC banking sector poised for robust growth in 2025 predicts report Image Getty Images for illustrative purposes

GCC banks ride wave of economic diversification, poised for robust year

EY’s GCC Banking Sector Outlook predicts sustained growth, driven by resilient economies, transformation plans, and robust demand in 2025

CBUAE unveils new Dhs100 note image CBUAE

UAE unveils new Dhs100 note ahead of Eid Al Fitr

The new currency note is made of polymer and features an innovative design and advanced security features

Ranjit Khanna Bank of Singapore

Navigating super trends: Bank of Singapore’s Ranjit Khanna on AI, geopolitics and Asia’s rise

Khanna discusses how shifting geopolitical landscapes, rapid technological advancements like AI, and the urgent need for sustainable investing are reshaping investment strategies

Hubpay launches new solution, expands into UAE’s $1.2bn payroll market

Hubpay expands into UAE’s $1.2bn payroll market with new solution

The new offering complements Hubpay’s existing business solutions, including a digital business account that reduces standard account processing times to under 24 hours

UAE Central Bank keeps base rate at 4.40% following US Fed move

UAE Central Bank keeps base rate at 4.40% following US Fed move

The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday, maintaining the federal funds rate at 4.25 to 4.5 per cent

EFG Holding to list Valu on EGX Image- EFG Holding

EFG Holding announces plans to list Valu on Egyptian Exchange

In line with the listing plans, EFG Holding will distribute shares in Valu, equivalent to a 20.488 per cent stake in the company, to its shareholders based on the book value of the shares

Citigroup reduces bonuses paid in 2024 for regulatory fixes

In 2024 the committee paid 68 per cent of the maximum bonus amount, which was not disclosed by the bank, lower than in the previous two years

George Tataru s a lead solutions consultant, Treasury & Capital Markets at Finastra on Insights: Banking on sustainability, mitigating risks

Insights: Banking on sustainability, mitigating risks

To effectively manage and mitigate risks arising from climate and other factors, it is crucial for banks to modernise their systems, for now and the future

GCC-Stat data on worker remittances in 2023 GettyImages

GCC worker remittances dip to $131.5bn in 2023, shows latest GCC-Stat data

According to the latest GCC-Stat data, the total labour force in GCC countries reached 31.8 million, representing 54.2 per cent of the total population

Khalid Bin Kalban, VC & CEO, Dubai Investments

Dubai Investments posts 21% rise in 2024 profit

The group will launch several mixed-use real estate projects in the UAE while remaining focused on the timely execution of projects in hand

Aldar Investment raises $500m through an oversubscribed green sukuk

Aldar Investment raises $500m through an oversubscribed green sukuk

The proceeds will be used in line with Aldar’s Green Finance Framework to refinance sustainability-accredited real estate within AIP’s portfolio

Crypto payments outfit Ripple secures key Dubai licence

The entity, a leader in enterprise blockchain and crypto solutions, will be the first blockchain-enabled payments provider licensed by the DFSA

Global Ventures' Noor Sweid on Coming of Age and the region's startup landscape

Global Ventures’ Noor Sweid on Coming of Age and the region’s startup landscape

Noor Sweid, founder and managing partner of Global Ventures, discusses the MENA region’s entrepreneurial growth, the future of innovation and her book

Saudi Arabia: Impact46 completes SAR918m stake sale in Rasan

Saudi Arabia: Impact46 completes SAR918m stake sale in Rasan

The transaction aligns with Impact46’s investment strategy of supporting high-growth, early-stage companies

Private financing increasingly prominent among GCC issuers shares S&P Global Ratings Dr Mohamed Damak

Private financing increasingly prominent among GCC issuers: S&P Global Ratings

GCC investors will remain on the radar of large companies that aim to raise money outside of the traditional banking system or capital markets, especially when interest rates are high

Alpha Data Debuts on ADX Image supplied

Alpha Data debuts on ADX, raises Dhs600m from IPO

Upon listing, Alpha Data’s market capitalisation stood at approximately Dhs1.5bn, reinforcing its strong position in the UAE’s technology sector

New family banking solution to promote smart spending

New family banking solution to promote smart spending

Families can also access tailored financial products such as instalment plans and lending solutions, making it easier to manage expenses and plan for the future

Private equity rebound gains momentum amid challenges, shows report

Private equity rebound gains momentum amid challenges, shows report

Rising costs, intensified competition for deals, and mounting pressure on management fees are creating a more challenging operating environment, shows the latest Bain & Company’s report

Derayah Financial debuts on Saudi Exchange after $400m IPO

Derayah Financial debuts on Saudi Exchange after $400m IPO

Derayah’s listing aligns with Saudi Arabia’s broader efforts to deepen its capital markets as part of the Financial Sector Development Program under Vision 2030

J. Safra Sarasin Group to acquire majority stake in Saxo Bank

J. Safra Sarasin Group to acquire majority stake in Saxo Bank

Saxo Bank will continue to operate as a standalone entity, with its founder and CEO, Kim Fournais, retaining his leadership role and a 28 per cent stake

Comera's Harish Parameswaran on how next-gen platforms are redefining customer experience

Comera’s Harish Parameswaran on how next-gen platforms are redefining customer experience

The VP of Comera Financial Holding shares insights on how Comera is shaping the future of digital connectivity and why localisation remains key to meeting the region’s unique needs

Ras Al Khaimah raises $1bn in sukuk offering amid strong investor demand

Ras Al Khaimah raises $1bn in sukuk offering amid strong investor demand

The sukuk was issued under the sukuk programme by RAK Capital, a special purpose vehicle affiliated with the government of Ras Al Khaimah

Julius Baer's Kunal Sumaya on Dubai's rise as an investment haven for NRIs

Julius Baer’s Kunal Sumaya on Dubai’s rise as an investment haven for NRIs

The Head of Global NRI at Julius Baer discusses the key trends shaping wealth management for non-resident Indians, Dubai’s attractiveness for high-net-worth individuals, and the evolving needs of the next generation of investors

JP Morgan identifies top considerations for investors in 2024

Deem Finance lands $400m J.P. Morgan deal to fuel UAE lending

The financial services provider, which forms part of the UAE’s Gargash Group, will receive up to $400m through a revolving facility

The arab energy fund and hartree partners set up climate tech investment platform image for illustrative purposes GettyImages

The Arab Energy Fund, Hartree Partners set up $120m climate tech investment platform

The UK-incorporated platform will invest in venture capital (VC) stage companies developing physical and digital decarbonisation technologies

The Arab Energy Fund raises $650m in oversubscribed bond issuance

The Arab Energy Fund raises $650m in oversubscribed bond issuance

Strong investor demand allowed The Arab Energy Fund to increase the issuance from an initial $500m to $650m, with final book orders exceeding $935m