Total deposits of resident and non-resident customers with UAE banks rose by 13.5 per cent YoY to reach Dhs2.5tn
The guidelines require banks to report capital markets emissions, such as those tied to money raised for companies via bond or share issues
The GCC region is set to see more equity capital markets activity in 2024 as more companies are considering public listings amid a global slowdown
The IPO will offer 120,000,000 shares, representing 30 per cent of SMASCO’s total issued share capital
Dubai Investment Fund sold 749,700,000 shares, equivalent to 24.99 per cent of Parkin’s paid-up capital
The PIF currently ranks number five globally in terms of sovereign wealth funds by asset size
The emirate’s continued listing activity is being driven by the implementation of various initiatives such as the IPO accelerator programme
Financial institutions as well as academic institutions in the kingdom will shut for an extended period to mark Eid al Fitr
This investment aims to bolster the growth of the Venture Debt ecosystem in Saudi Arabia.
The devaluation was part of an $8bn financial support agreement that Egypt last week signed with the International Monetary Fund
The company increased the allocation of retail investor shares to 89,964,000 ordinary shares from 74,970,000 ordinary shares
Anthony Mark Patterson, who is seen as Shah’s closest accomplice, was in February sentenced to eight years in prison in Denmark’s first criminal cum-ex trial
The investment is for the ninth round of the Cheyne Real Estate Credit Holdings programme bringing ADIA’s total commitment to $831.3m
The world’s most valuable cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds
Moody’s on Thursday affirmed its CAA1 rating but changed its outlook on Egypt to positive citing significant official and bilateral support
Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets
Another important consideration regarding pension allocation and savings for retirement is that women face a higher probability of retiring early
Gold set a record peak of $2,194.99 for the fourth straight day on Friday after data signalled a cooling US labour market
Aramco’s shares were up about 1.7 per cent to SAR32.3 a share, slightly above their 2019 IPO price of SAR32
Financial literacy empowers women to cultivate a habit of regular savings and investing, and it starts with keeping track of expenses and budgeting
Foreign banks that violate the law face a stiff penalty of not more than Dhs500,000
A total of 102 asset managers, comprising investment firms and hedge funds, who manage 141 funds have set up shop in Abu Dhabi
The new MoU reaffirms the UAE’s commitment to tackling financial crime through enhanced cooperation, training and innovation in combating these evolving threats
We explore how private markets can boost your retirement portfolio
The agreement aims to expand cooperation between the two parties and enable new and promising investment opportunities in Bahrain
We sat down for a chat with Deloitte on the sidelines of LEAP 2024 to know about their focus areas for the year ahead
The fundraising had the participation of Sanabil Investment, a unit of Public Investment Fund, venture capital firm STV, and Salla’s existing shareholders
The cryptocurrency has gained 50 per cent this year amid a surge in inflows into US-listed bitcoin funds
The company will offer around 25 per cent stake, in the emirate’s first privatisation deal this year, giving it an overall valuation of up to Dhs6.3bn
The cryptocurrency has gained 50 per cent this year and most of the rise come in the last few weeks where trading volume has surged for US-listed bitcoin funds