Its operating profit of Dhs707.3m for Q1-Q3 2020 plummeted from Dhs862.3m during the same period last year
Starting November 8, newly listed stocks will be allowed to rise or fall 30 per cent on their first three days of trading
Gulf Business speaks to Ludovic Pernot, head of Private Banking Middle East at LLB, on the Covid crisis and plans ahead
The Nasdaq Dubai Growth Market will be operational by early 2021
The company has opened an office in Abu Dhabi’s Hub71 and Dubai’s DIFC FinTech Hive
Third quarter net profit rose 4 per cent sequentially
Investing in payment digitisation will drive financial inclusion, economic growth and wellbeing in today’s new reality
The stock fell as much as 10 per cent to trade at EGP60.10 pounds before paring the decline to 7.2 per cent at close
Sawaeed Holding is the fourth ADX listing in 2020
The new banknote will be put into circulation on October 25, 2020, as an official legal banknote
The overall value of economic support provided by the emirate in 2020 has risen to Dhs6.8bn
Digital money will have to co-exist with cash and other forms of tender
The bond has been rated Baa3 by Moody’s and BBB by Fitch
Prizes include access to Finastra’s FusionStore app marketplace
Total income for the first nine months of 2020 amounted to Dhs18.27bn
First Abu Dhabi Bank will own 10 per cent of the digital bank
The UAE, US and Israel also established a $3bn Abraham Fund to help stimulate private sector-led investments across the region
BCG predicts GCC’s payment revenue pool will expand by 1.1 per cent annually
Over half of ADIB card sales are taking place on the platform
New projects worth over Dhs80bn are either ongoing or envisaged for completion over the next five years
CFOs need to remain flexible and adapt quickly to a changing environment
This move came after the central bank met the market needs for liquidity over the previous months
Gold has had a solid run higher throughout 2020
DIFC introduced a new data protection law, that aims to enhance its current regime around data, security and privacy best practices
Choosing a life insurance product is a valuable investment for your future
Essential food items, medical care, education and financial services will be exempt from the planned levy
The fund will invest in tech startups across sectors including fintech, healthtech and edutech
The new equity futures platform is slated to launch on October 18
The new bank will have total assets of more than $220bn, creating the Gulf region’s third-largest lender
The three projects were selected from among over 150 projects participating in a special programme launched by District 2071