The executive order mandates the delivery of a comprehensive plan for the fund’s establishment within 90 days
The Saudi Exchange granted conditional approval on December 8, 2024, for the listing of Umm Al Qura’s shares on Tadawul’s Main Market
Six other draft laws were jointly issued by the councils
Ajman Bank’s strong performance in 2024 is highlighted by its total operating income of Dhs1.5bn and net operating income of Dhs736m
The firm has appointed SNB Capital as the lead manager, financial adviser, bookrunner and underwriter for the IPO
The decision follows the US Fed’s latest move to hold rates steady, signalling a cautious approach toward further tightening amid evolving economic conditions
The offering was four times oversubscribed with strong demand from a range of global investors
The brokerage is offering 49.94 million shares, representing 20 per cent of the company’s total issued share capital
Asyad Shipping transports LNG, crude oil, and other products and counts BP, Shell and trading firm Trafigura among its customers and partners
The report anticipates moderate growth in global FDI in 2025, driven by improved financing conditions and an increase in mergers and acquisitions
Trump promised a “brand new day of American strength” at a rally on Sunday, January 19.
Payment service providers need to rethink their business model and take advantage of their customer relationships to offer more diversified services that meet the changing needs of consumers and businesses
We look at how companies can navigate the compliance landscape in the Middle East
The group includes TOM Katılım Bankası – Türkiye’s first licensed digital retail bank; TOM Pay Elektronik Para ve Ödeme Hizmetleri and TOM Finansman
Crypto Tower will offer 150,000 square feet of leasable space including nine office floors and dedicated floors for blockchain incubators, VC and investment firms, and AI innovation
The Canadian platform has identified the Middle East as a key growth market and plans to open an office in Abu Dhabi in 2025
The changes would need the approval of Syria’s new governing authority, though the process is unclear at this stage
The board proposed a cash dividend of 37 per cent of the nominal share value (QAR0.37 per share).
The investment is expected to boost the growth of the local reinsurance sector and improve coverage for commercial activities for insurance firms and companies in general
From updated Salik toll prices and reinstated alcohol taxes to rising insurance premiums and new EV charging tariffs, here’s a breakdown of key price hikes to watch for this year
B2B BNPL transaction volumes are expected to hit $25-30tn by 2030, according to the ADL report
The DAMAC Group assets will be available on MANTRA Chain in early 2025, exclusively through the blockchain platform
The success of this hybrid issuance underscores the growing investor confidence in its ability to deliver on its transformational growth strategy
The German lender outbid other international candidates for the soured loans, but it is not yet clear how much it will pay for the loan book
The transfer of the shares will be completed upon obtaining the necessary approval from the regulatory authorities
New tax regimes in the GCC nations will unleash a new era of growth and economic resilience for the region
The country has been using net foreign assets to help prop up its currency since as long ago as September 2021
The kingdom sold $5bn, $3bn and $4bn in tenors of three, six and 10 years, respectively, and the total order book reached around $37bn
Zand Bank (Zand) has announced a strategic collaboration with Klickl International (Klickl), a Web3 open…
The Shariah-compliant financing structure forms part of PIF’s continued objective of diversifying its funding sources