US Federal Reserve chairman Jerome Powell on Wednesday said “there was a growing sense of confidence” the central bank could cut rates in September
The boards of two lenders have approved the proposal and the Central Bank of Kuwait was notified of their plans
The total trading value on the DFM rose by 4 per cent, to Dhs48bn, in the first half of 2024
The company, which has witnessed substantial growth since its inception, serves over 188,000 retailers across 17 Egyptian cities
The funds will be distributed in the UAE by locally licenced promoters, including onshore conventional and Shariah-compliant consumer banks
Since June last year, the central bank has hiked rates to 50 per cent and it pledged to remain vigilant to inflation risks
A significant percentage of UAE consumers indicated they would consider switching payment providers if they lost access to airport lounges
Tony Hallside, CEO of STP Partners, a full-service DIFC-based prime broker, discusses the firm’s innovative prime brokerage services, strategic successes, and future plans in the dynamic financial landscape
DTC said its taxi segment benefited from higher tariffs, and an increased number of dedicated airport taxis, in the reporting period
The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn
Trade analysts have rated Tesla’s stock a “hold” with a median price target of $212.50
This multi-year agreement with Hamilton represents a significant milestone for CFI, aligning it with one of the biggest names in motorsport
Several banks in the region are reportedly considering acquisitions in Turkiye, Egypt, and India to diversify business models and enhance profitability
Findings from Edelman Smithfield’s UAE Investor Pulse Survey 2024, show that 67 per cent of respondents agreed that having two distinct exchanges benefits the UAE capital markets
The PIF has a sprawling portfolio of investments ranging from date farms to multinational conglomerates
In its Q2 2024 financial results, ADCB reported significant growth driven by increased net interest and non-interest income
Investor demand was strong, with the order book peaking at $4.6bn, representing an oversubscription rate of 4.6 times
During Asian trading hours, LSEG said its news services were experiencing a global technical issue that prevented news from being published on its platform
Over the next six to 12 months, Citi expects gold to rise $2,700-$3,000 per ounce and silver to climb $38 per ounce
GII, with over $4.5bn in assets under management, marks this investment as the second collaboration with Brookfield this year
St. James’s Place’s (SJP) head of Asia and Middle East Investment Advisory offers a strategic perspective on investments, the importance of diversification and the firm’s foray into Dubai
Under the deal, the CBUAE and NBE will also collaborate on payment platform services and electronic switches
Amongst the most held stocks, Q2 saw a significant shift in the rankings, with NVIDIA rising to become the second-most popular stock on the eToro platform, behind only Tesla
The agreement aims to provide a slew of benefits tailored for global companies seeking to relocate to the kingdom
Empowering teenagers with the skills and knowledge of personal finance can contribute to a more financially secure future
Private credit lenders have recently seen revived competition for financing from banks, which are the traditional lenders for leveraged buyouts
The UAE’s biggest lender by assets categorically denied that it is evaluating any possible offer for a stake in Yes Bank
Entities within the centre are required to implement proportionate arrangements to support effective whistleblowing by May 31, 2025
The new listings bring the Southeast Asia nation’s total value of issuances listed on the exchange to $24.1bn
Enhancing the investment acumen of the next generation will serve a grander purpose – it will support the stability and sustainability of the region’s capital markets