The Indonesian bank’s share price rose on Thursday in trade despite denials from ADIB that it is in talks to acquire a 15 per cent stake
The company has appointed banks including HSBC and the securities units of Al Rajhi Bank and Saudi National Bank to advise on the debt sale
In light of weather-related damage caused to property and vehicles, it is important to understand the tools available to claim insurance
ADIB has denied that it’s in talks to buy a minority stake in Indonesia’s top Islamic lender
The introduction of the Taxpayer Charter is part of the FTA’s broader efforts to enhance taxpayer awareness about the UAE tax system
AI can support more seamless experiences with BaaS and embedded finance, such as faster and more accurate credit decisions and fraud detection
Addressing the Atlantic Council, Georgieva highlighted the pandemic’s lingering effects, including a staggering $3.3tn in global output losses since 2020, with vulnerable nations disproportionately impacted
The world’s biggest and best-known cryptocurrency is down 16.2 per cent from the year’s high of $73,794 on March 14
In ADX, five large direct deals were executed on 243.4 million shares, amounting to Dhs683.3m
The development bank has set an ambitious target of providing Dhs30bn in financing support to 13,500 companies by 2026
FAB has held early exploratory talks with owners of several Turkish banks
US gold futures settled 1.6 per cent higher to $2,345.4
Developed markets dominate the top 25, but emerging markets like the UAE and Saudi Arabia witness significant rises
Egypt received the initial $5bn payment from the UAE in its $24bn deal at Ras El Hekma peninsula west of Alexandria
The Eid Al Fitr holiday will start on Monday, April 8, 2024 (Ramadan 29, 1445 AH)
Gulf markets have been riding an IPO boom over the last two years on high oil prices and foreign institutional investor interest
Bullion has hit record highs in each session for over a week over data from the US economy
When it comes to expanding globally from a UAE base, the complexity of tax regulations across different jurisdictions can pose significant hurdles
Failure to comply with the tax deadlines could result in hefty fines
The Saudi Exchange played a pivotal role in facilitating more than SAR11.9bn ($3.2bn) raised through IPOs on the Main Market in 2023
Gold logged its best month since July 2020, at a 9 per cent increase, and a second straight quarterly rise
By focusing on critical areas, the ‘Future Fund Oman’ aims to revitalise the country’s economic pillars and propel sustainable growth
The IPO involved the offering of 24,549,600 shares, constituting 30 per cent of the company’s issued share capital
Investment Corporation of Dubai is said to consider listing ALEC
In a sign of how bullish investors were becoming most buying came from the creation of new long positions
Avanse, India’s second-largest NBFC in the education finance sector, provides hyper-personalised education financing solutions to students
The agreements mark a pivotal stride in advancing clean energy projects within Pakistan, aiming to address challenges associated with conventional energy sources and their financial burdens
The new tax regime clarifies that the headline 9 per cent corporate tax will be creditable against the emirate-level tax on foreign banks
A fresh round of scam messages were sent to residents in the UAE, impersonating the Central Bank of the UAE
In the absence of a well-structured will or trust, beneficiaries in the UAE could encounter several challenges