The bank has now raised its key one-week repo rate by 4,150 basis points from 8.5 per cent since last June
The newly created holding firm with assets worth $27bn (Dhs100bn) is set to go to the market “sometime next year”
LuLu’s potential IPO is poised to be among the most notable listings in the Gulf region this year
By the end of Thursday, Parkin’s share price soared to Dhs2.84, putting the company’s market capitalisation at Dhs8.5bn
Clients will have a wide choice of investment solutions across asset classes, including the investment management firm’s $256bn global alternatives platform
This robust financial footprint strengthens the UAE’s position as a significant global economic force
By April 2025, a revamped tax regime will take effect, stipulating that all foreign income and gains will become taxable after just four years of UK residence
The initiative is expected to tap into the growing interest from regional and global retail investors, and high net-worth individuals
The new warehouse in Saudi Arabia would service the Middle East, North and East Africa regions
One of Egypt’s biggest banking and investment firms has recorded that its net profit after tax and minority interest rose 39 per cent year-on-year
The funding comes after a year of significant growth for Moove that saw the company increase its annual recurring revenue to more than $115m
Total deposits of resident and non-resident customers with UAE banks rose by 13.5 per cent YoY to reach Dhs2.5tn
The guidelines require banks to report capital markets emissions, such as those tied to money raised for companies via bond or share issues
The GCC region is set to see more equity capital markets activity in 2024 as more companies are considering public listings amid a global slowdown
The IPO will offer 120,000,000 shares, representing 30 per cent of SMASCO’s total issued share capital
Dubai Investment Fund sold 749,700,000 shares, equivalent to 24.99 per cent of Parkin’s paid-up capital
The PIF currently ranks number five globally in terms of sovereign wealth funds by asset size
The emirate’s continued listing activity is being driven by the implementation of various initiatives such as the IPO accelerator programme
Financial institutions as well as academic institutions in the kingdom will shut for an extended period to mark Eid al Fitr
This investment aims to bolster the growth of the Venture Debt ecosystem in Saudi Arabia.
The devaluation was part of an $8bn financial support agreement that Egypt last week signed with the International Monetary Fund
The company increased the allocation of retail investor shares to 89,964,000 ordinary shares from 74,970,000 ordinary shares
Anthony Mark Patterson, who is seen as Shah’s closest accomplice, was in February sentenced to eight years in prison in Denmark’s first criminal cum-ex trial
The investment is for the ninth round of the Cheyne Real Estate Credit Holdings programme bringing ADIA’s total commitment to $831.3m
The world’s most valuable cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds
Moody’s on Thursday affirmed its CAA1 rating but changed its outlook on Egypt to positive citing significant official and bilateral support
Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets
Another important consideration regarding pension allocation and savings for retirement is that women face a higher probability of retiring early
Gold set a record peak of $2,194.99 for the fourth straight day on Friday after data signalled a cooling US labour market
Aramco’s shares were up about 1.7 per cent to SAR32.3 a share, slightly above their 2019 IPO price of SAR32