Saudi Arabia‘s deadline for foreign firms to establish their regional headquarters in the kingdom went into effect earlier this year
The company priced its IPO at the top of the previously announced range, selling its shares at SAR37 per share apiece to raise SAR841m
The regulator said the probe was closely coordinated between the FSRA and the Dubai Financial Services Authority
The final details of the potential deal for Turkey’s fourth-biggest private bank are being hammered out after months of negotiations
The financial hub said the total number of operational entities jumped by 30 per cent to reach 1,950
This investment will help reduce carbon emissions and reliance on imported fuels, aligning with Japan’s domestic and international emission reduction targets
Bullion is known as an inflation hedge, but higher rates increase the opportunity cost of holding non-yielding gold
The first tranche subscription period is expected to run from May 28 to June 4, with the second tranche subscription period expected to end on June 5
Abdulaziz Al-Ghurair, UBF and Mashreq chairman, said UAE banks are leveraging technologies such as AI, blockchain, and data analytics
Among the major risks for businesses in 2024 are climate change, geopolitical instability, and employee burnout, emphasising the need for proactive measures and resilience to ensure business continuity
The wealth fund reported proceeds of Dhs99bn in 2023, which includes divestments of certain legacy assets and capital recycling
PIF saw its US-traded stock holdings plummet from $35bn at the end of 2023 to $18bn by March 31
Countries on the grey list undergo increased monitoring and must actively work with FATF to correct deficiencies
The ETF market will contribute to bolster “Abu Dhabi’s plan to diversify its economy and attract more investors to its financial centre
In 2023, Dubai welcomed 1,070 global greenfield FDI projects, surpassing second-placed Singapore by 142 per cent and third-placed London by 148 per cent
The holding firm has hired National Investments Company and EFG-Hermes UAE as joint bookrunners and global coordinators on the deal
The pricing of SAR57.5 per share implies a market valuation of around SAR13.3bn at listing
The company’s gross profit surged by more than 15 per cent YoY to reach Dhs336m in Q1 2024
The financial regulator registered a 50 per cent year-on-year increase in licence applications across all business models
Parkin reported that total revenue grew by 8 per cent, with public parking revenues up 11 per cent
The approval comes as Mubadala agreed to let Fortress commit to keeping technology and data in the US
The airline carried 4.2 million passengers in the January-March period, while passenger revenue came in at Dhs966m
The UAE’s Parkin Company raised the highest proceeds in the region for the quarter at $0.4bn
The 10-year issuance marks Aldar’s second green sukuk, following its inaugural $500m sukuk issued in May last year
The company’s shares started trading at Dhs1.70, against its IPO price of Dhs1.53, the top end of the price range
A new ETF tracking Saudi equities was listed in Hong Kong last year, becoming the first product of its kind in Asia
Dubai ranks at the 21st position in the recently released 2024 World’s Wealthiest Cities report
According to a Mastercard report, Kuwaiti tourists spend an average of $3,390 per card in Paris, five times as much as their American counterparts
Retirement planning consists of anticipating future needs and factoring in potential healthcare costs while ensuring that the plan aligns with personal aspirations
The holding company reported a year-on-year revenue hike of 22.5 per cent in Q1 2024, reaching a record Dhs19.3bn