Eight out of the 14 MENA IPOs in Q2 2024 delivered positive returns by the end of June, with Miahona Company achieving the highest gain of 90.4 per cent
Adani Enterprises is looking to launch a $1bn share sale by mid-September, having shelved a record $2.5bn offer in the wake of Hindenburg’s first set of allegations
The takeover of the platform has the backing of co-founders and top shareholders Peter Hargreaves and Stephen Lansdown
This move is part of the UAE’s ongoing efforts to enhance its legal and regulatory framework in the fight against financial crimes
The ministry of finance said its inspections of the refineries uncovered 256 violations, eight for each refinery
The UAE is leading the charge in technological innovation and embracing the digital economy through forward-thinking digital asset regulation
Leading the pack is the Saudi Exchange (Tadawul), with a market value of $2.68tn, solidifying its position as the largest in the region
The newly formed global trading and trade facilitation company will cover trade finance, consulting, commodities exchange and trade insurance
Market watchers called worries of a recession in the US economy “not in line with economic fundamentals”
The partnership seeks to advance cross-border trading between the exchanges and expand investment opportunities
Currently available in Egypt and Kuwait, and soon to be launched in the UAE, EFG Hermes ONE grants users access to 35 global markets through OLT
Siobhan Byron, EVP Universal Banking at Finastra, highlights the role of open ecosystems, cloud, SaaS, and AI in accelerating innovation
The holding firm’s financial position is backed by its total assets of Dhs362.9bn as of June 30
Hargreaves Lansdown said talks with the consortium “remain ongoing”
All three major indexes registered their biggest three-day percentage declines since June 2022
The scale of losses on Japan’s Nikkei had not been seen since the global financial crisis
Crypto markets have benefited this year after the US regulators approved an exchange-traded fund
The combination of bearish and bullish factors for gold may end up having the effect of keeping the price in a relatively narrow range for the rest of the year
Insurers face significant challenges related to climate change, impacting both value creation and emissions reporting
With a focus on innovation, user experience and financial inclusion, neobanks are rapidly gaining traction and challenging traditional banking models
Jayesh Patel says that the belief that neobanks struggle with profitability is a misconception while noting that digital banks can be profitable with a defined business objectives
State investors accounted for 54 per cent of the $96bn deployed by sovereign funds – the highest rate since 2009
The central bank imposed the hefty fine after an examination found deficiencies in the bank’s AML/CFT policies and procedures
A manufacturing report spooked investors, sparking broad risk-off moves across markets
24 Fintech is closely aligned with Saudi Arabia’s Vision 2030 which positions the industry as a crucial element in achieving economic transformation
PIF signed the MoUs with key Chinese financial institutions, including the Agricultural Bank of China and Bank of China
Despite a decrease in total gains to Dhs2bn, attributed to the de-recognition of PureHealth in 2023 and the adoption of corporate tax in the UAE, the group’s overall net profit remained strong
Tam Finans operates through a network of 39 branches and has more than 40 per cent of the Turkish micro-leasing market
The policy decision follows the US Federal Reserve’s announcement to keep interest rates unchanged
The investment will pave the way for the payments firm’s expansion into the UAE, Middle East and Africa