The Asian expansion comes as the fund has been diversifying its investments from core European and US markets
The investment follows the US Federal Reserve’s first interest rate cut in four years, which is expected to boost companies with balance sheet concerns
Catering primarily to the UAE’s large expatriate population, the SNPL feature offers financial flexibility, allowing users to send money abroad and pay in installments
The deal will help PJT Partners expand its presence in the Middle East, giving it access to a diverse client base
The Gulf region’s oil and gas exporters tend to follow the Fed’s lead on rate moves as most regional currencies are pegged to the US dollar
Trade finance solutions will enable businesses to move their goods faster and improve their working capital while enabling the flow of trade
On a quarter-on-quarter basis, liquid assets rose by 2 per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023
Saudi Arabia’s markets regulator approved AlBilad Investment Company’s request to offer “Albilad CSOP MSCI Hong Kong China Equity ETF
The move is part of the bank’s broader strategy to support the growth of domestic stocks and drive economic expansion in the UAE
The central bank directed the foreign bank to present the regulator’s action to its board of directors
ADX stated that the decision has been taken in accordance with Article No (14) of the Securities and Commodities Authority (SCA) Board of Directors’ Decision No (2/R) of 2001
The additional funding will further boost Paymob’s efforts to expand its regional footprint and reinforce its position as a leading payments provider in the region
The investment management firm said it has served clients in the Middle East for many years, but Abu Dhabi office would be its first in the region
The share buyback will be carried out through open-market purchases and financed by the lender’s retained earnings and excess cash
The airline had planned to go public this year, but it decided to wait until 2024 to showcase its strong financial performance
The event explored transformative innovations in capital markets and regulatory developments while highlighting investment prospects
Finstreet’s subsidiaries – Finstreet Global Market, Finstreet Global Clearing and Settlement, and Finstreet Capital – have received financial services permissions from ADGM’s FSRA
The construction and dredging services firm offered 1.15 billion shares in NMDC Energy, and the offering was 31.3 times oversubscribed
Standard Chartered is among banks that have been extending their foray into the crypto sector as more institutional investors adopt the asset class
The centre has launched a first-of-its-kind DIFC Funds Centre to support hedge fund spinouts, fund platforms as well as boutique wealth and asset management firms
The subscription period is expected to commence this month, with the listing anticipated in October
The UAE division’s CEO discusses the firm’s strategies for bolstering cross-border business and the importance of sustainable finance, ESG and digital transformation
The company has a robust presence in the Saudi flour market, and it is known for its premium FOOM brand, which holds the largest market share
From navigating market fluctuations to seizing new avenues for growth, AIX has demonstrated resilience and agility at every turn
Mozn is making waves in the global fintech landscape with its cutting-edge platform, FOCAL as the company showcases its latest innovations at the 24 Fintech event in Riyadh
The report highlights that the sharp decrease in deal-making and exits over the past two years has largely plateaued in the early part of 2024
The exchange reported a trading volume of approximately 450.7 million ETF units across 19,853 transactions during this period
Environmentally and socially linked projects now represent 20 per cent of TAEF’s $5.3bn loan portfolio, up from 18 per cent last year
Experts believe that popular sports can teach us many valuable lessons that can be successfully applied to fields such as trading
While the timing of a full-throttle M&A market recovery is not entirely clear, dealmaking activity in the GCC gathered steam in H1 2024