The government sold a 0.64 per cent stake in Aramco last month, with an additional 154 million shares available for stabilising manager Merrill Lynch
Five out of six billion-dollar funding rounds went to AI companies, Crunchbase data showed
Regular saving, prudent spending, and smart investing not only boost your retirement fund but also enhance your overall financial health
GCC companies and governments have rushed to tap debt markets since the start of the year to take advantage of recent falls in global interest rate
The banking group had QAR1.3tn in total assets in the six months ending June 30, a 5 per cent increase compared to the same period a year ago
The ETF offers investors access to a diversified portfolio of Shariah-compliant corporate and government sukuks across several global markets
Lunate has become the first Abu Dhabi-based fund manager and administrator of the UAE’s voluntary alternative EoSB scheme through the newly licensed Lunate EoSB Fund
Saudi Re plans to raise its capital by SAR267.3m ($71m) through this strategic subscription agreement with the kingdom’s sovereign fund
The fund sold a $1.25bn five-year portion at 80 basis points (bps) over US Treasuries and another $1.25bn 10-year tranche at 90 bps over the same benchmark
The company focuses on transporting LNG to the international market, and its fleet includes very large crude carriers and product and chemical tankers
The credit facility is part of JBIC’s GREEN lending programme and is partially supported by Japanese commercial banks
The first biomethane plant will have a capacity of up to 100 GWh and will feed Cepsa’s planned green hydrogen and biofuels facilities
The Islamic bank recently unveiled 2030 emissions reduction targets for six key portfolio sectors including home and auto finance
The new fund attracted 188 investors from Europe, the Americas, the Middle East and Asia
Under Vision 2030, Saudi Arabia has poured hundreds of billions of dollars through the fund into projects, including NEOM
Saudi Arabia emerged as the leading issuer, accounting for $3.98bn from five sukuk, while the UAE contributed the remaining $2.25bn
The Abu Dhabi office will be primarily focused on capital raising across AXA IM Alts’ private and alternative assets range
The service will enable Mashreq’s retail customers to make peer-to-peer global payments in select markets across Asia, Europe and the Americas
Exchange rates will be updated twice a month, allowing traders to stay abreast of the latest currency valuations, without delays
The investment will accelerate the Gulf Mercantile Exchange’s growth as a regional commodities leader well-positioned to capture global commodity demand
The company was part of a wider privatisation programme under Saudi Arabia’s Vision 2030 strategy aimed at diversifying the oil-dominated economy
With Oracle’s common data platform, Mashreq said it will also have the infrastructure needed for advanced analytics, compliance, and strategic decision-making
The debt is rated Aa2, the third-highest investment grade, by Moody’s and one step lower at AA- by Fitch Ratings
The PPP Manual and the Sandbox Conditions regulation are crucial steps in the UAE’s strategy to build the country’s business ecosystem
HSBC said its WorldTrader platform connects to 77 exchanges across 25 markets
Investors can subscribe to the ETF units, during the offering period, which runs until July 2
The index will provide a deeper understanding of the role and impact of family businesses on the economy and society
Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal
Investors should assess their portfolios, consider strategic adjustments to mitigate risks and capitalise on opportunities, advises the head of Strategy at Saxo Bank
National banks accounted for 90 per cent of the combined credit to the two sectors, while the remaining 10 per cent (Dhs84.3bn) came from foreign banks