The fintech platform is currently in discussions with multiple UAE banks about rolling out its solutions
The Dubai-based lender proposed a dividend of 120 fils per share for last year, doubling the amount paid to shareholders in 2022
The regulator licenced and registered a record-breaking 117 firms during the 12 months. This reflected an increase of 25 per cent from the previous year.
The triple-tranche bond sale generated strong demand, with orders worth over $27bn
Abu Dhabi Islamic Bank is actively working on prioritising substantial investments in renewable energy, clean technology, and eco-friendly projects
The trading platform will be rebranded the Gulf Mercantile Exchange and expand in energy, metals and agricultural products as part of the deal
The new brand identity combines ‘Emirates’ and ‘7’ and is inspired by the UAE’s unity and future-facing strategy
The fund offers funding and investment solutions to various investor categories including private sector organisations, SMEs, foreign investors, and startups
The bank will provide services for both corporate and institutional clients, including financing and working capital solutions
Aramco’s venture capital programme supports the development of disruptive new technologies and creates diversification opportunities for Aramco while paving the way for collaborations with innovative startups
The fund is chaired by Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince and Chairman of The Executive Council of Dubai
The ranking revealed that Saudi’s Aramco retained its status as the most ‘valuable’ Middle Eastern brand in global ranking, followed by ADNOC and stc
Mohammed bin Rashid Al Maktoum Global Initiatives has inked a new agreement with WFP to implement sustainable food projects and deliver food aid
Looking at the landscape, 2024 promises to sustain the momentum in the GCC region, with Saudi Arabia taking centre stage, says Gad
When operational, the licence will enable the company to provide spot services and spot-pairs services to qualified retail clients
The company, which is listed on Riyadh’s Tadawul exchange and manages Saudi German Hospitals, will use the proceeds for general corporate purposes
The total value of bonds listed on Nasdaq Dubai by the lender, comprising the issuances by Hong Kong and Dubai branches, now stands at $2.45bn
The statistics authority said rental prices increased by 9 per cent in December 2023
Abeer operates about 50 health-care facilities including hospitals, pharmacies and clinics in Saudi Arabia and the GCC region
The year ahead brings with it opportunities but uncertainties, highlighting the significance of investors staying vigilant to these evolving market trends
GIP is the world’s largest independent infrastructure manager with more than $100bn in AUM and a strong reputation for driving operational improvements in its portfolio companies
The company will offer six million shares, or 30 per cent of its issued share capital, on the Saudi Exchange
The banking group had QAR1.23tn in total assets at the end of December, a 4 per cent increase, driven by growth in loans and advances
The order book for First Abu Dhabi Bank’s sukuk, which was 1.9 times oversubscribed, represented leading investors, including international fund managers, banks and supranationals
The Sultanate plans to issue sustainable finance instruments whose proceeds will be used to fund and re-finance renewable energy projects
The all-in-one digital platform aims to significantly reduce the cost of doing business for SMES by providing them with a wide range of exclusive offers and discounts
The regulator approved 11 applications, including from BlackRock, despite warnings from some officials and investor advocates that the products carried risks
As financial services become more sophisticated, so do the fraudulent techniques used by scammers. But this is where tokenisation can make a difference
The kingdom’s venture capital market was boosted by the government’s focus on innovation, a dedicated unicorn project, and investments from sovereign funds
The listings include Mubadala’s debut green bond and the fund’s inaugural dirham-denominated bond