From pivoting its business model to embracing technology in wealth management, Hoxton Wealth has set a strong foundation for the future, says its founder and managing partner
The proceeds from the sukuk will be used to strengthen the bank’s Tier 1 capital base, which supports its lending activities and future growth strategies
The launch was announced at a gala event at the Museum of the Future, Dubai, on October 10, 2024.
The country’s core inflation slowed to an annual 25 per cent from 25.1 per cent in August
The lender reported a nine-month net profit of QAR12.7bn to September 30, up 7 per cent from the previous year
Rising geopolitical tensions in the region are having a dampener on the Gulf markets
Abu Dhabi’s dominance in the SWF sector is not only due to its sheer capital but also its strategic investments and diversification across industries
The budget maintains a balance between income and spending, with both revenues and expenditures approved at $19.6bn (Dhs71.5bn)
The fund will undertake a phased transfer of certain existing Indian investments to its GIFT City subsidiary
Jamal Al Nassai, group managing director for Merchant Services at Network International shares his insights on the company’s strategic direction, innovative solutions for merchants, and the future of digital payments in the region
The UAE’s new VAT updates will impact several sectors, with investment fund management and virtual assets receiving key exemptions
The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio
According to CBUAE, the insurance sector’s growth was driven by increased policy activity, investment returns, and a rising demand for coverage in key areas such as property and employment
The credit facility is expected to provide ROSHN with the financial flexibility needed to pursue new opportunities and strengthen its position
In addition to loans, the platform offers a range of financial services, including invoice, POS and receivables financing, and insurance
The catering firm is offering 9 billion shares, representing 40 per cent of the company’s total issued share capital
Taxable persons incorporated on or after June 1, 2023, with tax periods ending on or before February 29, 2024, now have until December 31 to fulfill their corporate tax obligations
These developments reflect a robust economic landscape in the UAE, characterised by a solid banking sector and increasing investor confidence
The DIFC has been luring global banks, asset and wealth managers, and hedge funds, and it is now seeing rising interest from South African entities
The tap was priced at $102.54, yielding 7.35 per cent, a 15 basis points tightening from initial pricing thoughts
The New York-based private equity firm received preliminary approval for a license to operate out of the Abu Dhabi Global Market
Neopay, originally established as a strategic division within Mashreq, has expanded rapidly, becoming a key player in the UAE’s digital payments sector
The IPO attracted six cornerstone investors, including Al-Hosn Investment Company, Bank Dhofar and Tanmia, which agreed to subscribe for shares worth as much as OMR156m
The Central Bank of Egypt is currently pursuing approval from the Financial Regulatory Authority and the Egyptian Stock Exchange
The ministry’s efforts to strengthen the local currency bond market and diversify funding sources are crucial in fostering a stable financial landscape
The $4bn increase shows progress but is well short of the trillions of dollars in additional resources needed annually to finance the clean energy transition
This partnership supports Riyadh Air’s goal of becoming the world’s first fully digital airline as it prepares to expand to over 100 destinations by 2030
The recommendation from the BIS was made prior to the US Federal Reserve’s first interest rate cut in four years
The new facilities will give the group the flexibility to time its return to the debt capital markets in line with its stated strategy to utilise bonds as the predominant long-term funding vehicle
The Asian expansion comes as the fund has been diversifying its investments from core European and US markets