ECG2.0-Fund2 anticipates exiting its industrial services platform through an initial public offering (IPO) targeted within two years
The deal will see Mashreq retain a minority stake in NeoPay, a payment solutions provider that offers a range of services, including point-of-sale terminals
The fee updates follow a series of consultations with the ADGM business community in 2023, focusing on expanding the jurisdiction and improving the ease of doing business
The volume of shares traded during 2024 exceeded 142 billion shares; 90.16 billion shares traded on the ADX and 51.85 billion shares on DFM
The operations involved multiple entities, including Dubai Police’s Anti-Money Laundering Unit, the UAE Financial Intelligence Unit, Dubai Customs, and the International Cooperation Department at the UAE Ministry of Justice
The Velana International Airport expansion includes the addition of up to 26 aircraft gates and a new terminal building for international flights
Located in Rosemount, Minnesota, Spectro Alloys is a leading producer of secondary foundry alloys with an annual production capacity of approximately 110,000 tonnes of aluminium ingots
Egypt, grappling with high inflation and shortages of foreign currency, agreed to the $8bn, 46-month facility in March
The CBUAE’s economic review concludes that the UAE’s economy is on a steady growth trajectory, with strong contributions from both the oil and non-oil sectors
As a result of this increased demand, AD Ports Group has expanded its banking pool from nine to 18 financial institutions
The blue bond, priced at a 5.25 per cent coupon rate for a five-year term, will directly contribute to advancing two critical United Nations Sustainable Development Goals
Saudi Arabia, the region’s biggest economy, cut its repurchase agreement (repo) rate and reverse repo rate by 25 bps each to 5 per cent and 4.5 per cent, respectively
The decision is expected to influence lending rates and liquidity conditions across the country
The new e-commerce VAT refund system builds upon the success of the FTA’s fully digital VAT refund system, which was first introduced over two years ago
The UAE’s payments sector is undergoing a rapid transformation, spurred by government initiatives, fintech innovations, and a shift from cash to digital transactions
Money20/20 Middle East aims to become the largest fintech event in the region, featuring a diverse lineup of keynote speakers, panel discussions and networking opportunities
The service is tailored for corporate and institutional clients, providing top-tier security by storing private keys in onshore UAE hardware security modules
The strategic partnership will exclusively focus on portfolio senior fund financing to private equity funds, supporting growing demand for liquidity and capital solutions within private markets
Through the Angel Investor Support Package, Hub71 is positioning Abu Dhabi as a global leader in technology and innovation
Dubbed ‘AE Coin’, the cryptocurrency is positioning itself as a stablecoin that is fully backed by reserves held within the UAE
Whether you’re a retailer looking to improve the checkout experience, or a service provider aiming to simplify payments, Apple’s latest solution removes barriers to adoption
As GCC family businesses transition to second and third generations, seamless leadership changes are essential for business continuity
The company’s shares opened at Dhs1.70, higher than the price at which Germany’s Delivery Hero sold 4.7 billion shares last month
Golub, which had more than $70bn of capital under management as of October 1, has received preliminary approval for a licence to operate out of the Abu Dhabi Global Market
The UAE will impose a minimum top-up tax of 15 per cent on large multinational companies operating in the country from next month
The $63bn assets management firm will join other global asset managers and hedge funds in setting up in the ADGM
The event will provide opportunities for networking, thought leadership, and collaboration on the future of finance
By supporting the financial services sector through targeted exemptions, the UAE continues to build on its strategy of becoming a top-tier financial hub
The partnership will unlock up to $10bn in financing for Saudi Vision 2030 projects, boosting cooperation and commercial collaboration between the two nations
With its decarbonisation strategy, DIFC is aiming to boost its role as leading player in sustainable finance, setting ambitious benchmarks for decarbonisation in financial centres worldwide