As the authority providing VA oversight across Dubai with the exception of DIFC, VARA facilitates VA-associated economic stability, investor protection, and jurisdictional resilience
Aramco has allocated $300m in additional funds to Wa’ed Ventures
Both entities will leverage their core competencies to drive economic growth, diversification and industrial transformation
Former governor, Dr Fahd Al-Mubarak, takes on the role of adviser at the royal court
Inflation and interest rate forecasts will remain crucial in 2023
The central banks of Saudi Arabia and Bahrain also increased their interest rates after the US Federal Reserve raised its target interest rate
DFM welcomed 167,332 new investors, bringing its investor base to over one million
The lender reported revenue worth Dhs6.8bn in 2022, up 23 per cent year-on-year
The platform will address metaverse policy development and legislation on open data, digital identity and company law frameworks in the metaverse
The lender’s board of directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing total cash dividends for the year to 35 fils
Saving deposits increased during the first 11 months of 2022 by 1.98 per cent, compared to about Dhs241.82bn at the end of 2021
Global Partners Property Fund I focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal
Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK
The lender reported a 36 per cent growth in total income, equalling Dhs32.5bn
The exchange reported a 78 per cent increase in the volume of gold contracts traded on the exchange compared to previous year
The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021
The bank reported Dhs14bn in total income for 2022, registering a 20 per cent year-on-year rise
Qatar Investment Authority becomes the Swiss bank’s second largest shareholder just behind the Saudi National Bank
Fintech accounted for 61 per cent of total funding between 2018 and 2022
The consultancy will list shares on Tadawul’s Nomu-Parallel Market
The Federal Tax Authority said the early registration is open from January to May for certain categories of companies operating in the UAE
The bond proceeds will be allocated according to the specific criteria defined in the SDG Bond Framework focusing on food security, healthcare, infrastructure, education, employment, and renewable energy
In 2023, we will continue to focus on expanding our influence to become the largest ecosystem of financial services, technology and innovation in the region
Abdulmohsin Al Omran, founder and CEO, The Family Office, gives Gulf Business the lowdown
Continuous innovation, segment focus, digital excellence and sustainable future are the core tenets of our 2025 growth strategy
A listing of the company this year would follow a boom for IPOs in the region that started in 2022 and fetched almost $23bn
Tech giant Amazon regained top spot from Apple to become the world’s most valuable brand
The lender aims to invest in the country’s rural infrastructure, including microfinance institutions
The lender’s operating income increased 24 per cent to reach $9.6bn
The Central Bank of UAE revealed that the total Islamic bank investments touched Dhs102bn by the end of last October