Marriott launches its first co-branded credit card in Qatar (Image: Supplied by Marriott International)

Marriott launches its first co-branded credit card in Qatar

Cardholders can earn Marriott Bonvoy points on local and international spends as well as on their stays at more than 8,000 hotels around the world

Alpha Dhabi CEO - Hamad Al Ameri

Alpha Dhabi posts double digit growth for Q3 results

Alpha Dhabi said its diversified portfolio has been a major driver behind the growth in revenue

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange

UAE corporate tax

UAE: FTA notifies of new tax criteria for non-residents

The FTA’s new guidelines offer clarity for non-resident persons, who derive income in the UAE, or those who conduct business or part of their business in the UAE

Samah Ahmed of AIX Consultancy on how AIX is helping investors tap Dubai's vast opportunities

How AIX Consultancy is helping investors tap Dubai’s vast opportunities

From visa applications to licence renewals, AIX Consultancy offers a comprehensive suite of services that allow clients to focus on their core operations

DIEZ unveils Dhs500m venture fund to finance tech startups

DIEZ launches Dhs500m venture fund to finance tech startups

The fund will play a pivotal role in supporting startups, starting from the pre-seed stage, and extending to the Series B investment stage

Most GCC central banks hold interest rates unchanged

UAE, Qatar central banks hold interest rates, tracking US Fed move

GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf states’ currencies are pegged to the dollar

Türkiye may exclude banks from inflation-adjusted accounting

Türkiye may exclude banks from inflation-adjusted accounting, says minister

Türkish companies’ end-2023 balance sheets will be inflation-adjusted, with the practice expected to continue until 2026

CBUAE reveals new Dhs500 banknote

UAE central bank issues new Dhs500 polymer ‘eco-friendly’ banknote

The new Dhs500 note highlights the UAE’s cultural and tourism landmarks and ‘models’ of sustainability

israel crisis puts investors on edge

Israel crisis: Global investors on edge

Some investors also expect a widening crisis could prompt safe-haven buying of Treasuries

Emirates NBD to offer fractional bonds for individual investors -GettyImages-630846210

Dubai’s Emirates NBD third quarter profit rises 38%

Profit for the quarter was Dhs5.2bn, roughly in line with analysts’ median estimate of Dhs5.18bn

economy

Global business cycle transition and its impact on global economy

The US and China showed signs of growing somewhat faster in the third quarter after a pronounced slowdown in the first half of 2023

commercial bank of dubai

Commercial Bank of Dubai reports record net profit in third quarter results

The Commercial Bank delivered a record net profit of Dhs1.9bn for the first nine months of 2023

Carbon exchange ACX at ADGM goes live Image ADGM

Abu Dhabi: World’s first regulated carbon exchange, clearing house goes live

ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi’s global tech ecosystem

BlackRock

Abu Dhabi Crown Prince and BlackRock CEO discuss investment opportunities

The meeting discussed the array of opportunities available for global investors and international companies within the UAE

Democrance Expands Presence in Saudi Arabia Image Supplied

Global insurtech firm Democrance expands footprint in Saudi Arabia

Democrance helps insurers increase their digital sales and access new customer segments

Investcorp to float IPO on ADX Image: WAM

Investcorp Capital IPO: Firm announces intention to list and trade shares on ADX

The subscription will be open from November 2 to November 9

Ajay Banga, president of the World Bank Group - COP28

World Bank chief Ajay Banga warns of economic headwinds for global economy

Geopolitical tensions heightened by the Middle East crisis pose the biggest threat to the world economy

Invest AD and Blackstone launch Private debt fund Image -courtesy-WAM

Mubadala-owned Invest AD, Blackstone launch private debt fund

The SCA-regulated fund will offer local feeder access to Blackstone’s US and European private credit strategies

FUTURE INVESTMENT INITIATIVE

Future Investment Initiative 2023: Global summit in Riyadh gathers leaders amidst economic turbulence

Heads of state, CEOs, financiers, and policy experts, to discuss the challenges in light of rising global economic and geopolitical unrest

UAE jobs

What are global firms with presence in Israel doing?

As Israel and Gaza have erupted in violence, multinational companies operating in the country have had to scramble to protect their employees while continuing operations

FAB’s Q3 2023 profit surges by 48% on revenue boost

FAB’s Q3 2023 profit surges by 48% on revenue boost

The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022

UAE, Saudi Arabia lead MENA VC fundraising

UAE, Saudi Arabia lead MENA VC fundraising, says MAGNiTT

The fundraising in Q3 2033 contributed to $1.4bn raised through 286 transactions in the first nine months of the year

Visa unveils visa installament payment solution in GCC Image Getty Images

Visa unveils new payment installment solution for cardholders

Participating card issuers and acquirers in UAE, Saudi Arabia and Qatar will be able to offer cardholders flexible and transparent payment plans at merchant checkouts, both in-store and online

Egypt issues RMB3.5bn in 3-year panda bonds

Egypt sells RMB3.5bn in 3-year panda bonds in debut issue

The government has been looking to tap less conventional sources of finance since a foreign borrowing spree caused its repayment schedule to balloon

World Investment Forum 2023 begins in Abu Dhabi Image Supplied

Global leaders gather for World Investment Forum 2023 in Abu Dhabi

UN Secretary-General António Guterres, in a statement, urged forum participants to put the SDGs Stimulus Package into effect

israel crisis puts investors on edge

European shares rise on mining boost; investors eye Middle East conflict

The mining index rose 1.3 per cent as prices of base metals were lifted by hopes of stronger demand from China

UAE’s DP World issues $1.5bn green sukuk

UAE’s DP World raises $1.5bn with green sukuk

The proceeds from the sukuk issuance will be used to fund eligible green projects in line with the company’s recently published sustainable finance framework

Fluent Finance to develop stablecoin technologies in the UAE

Fluent Finance to develop stablecoin technologies in the UAE

The web3 company is piloting the Fluent Economic Bridge platform in Kenya and plans to develop a digital trade corridor with the UAE

IMF

Israel-Hamas conflict is ‘new cloud’ darkening economic outlook: IMF chief

The IMF and the World Bank, which are holding their annual annual meet in Morocco said the ongoing violence in Israel threatened to darken the already tepid global economic outlook