The licence would have allowed the crypto exchange firm to manage a collective investment fund
The bank’s commitment to sustainable finance is part of its Climb2Change global initiative
The waiver applies to all new and repeat issuers who make a relevant application to the Dubai Financial Services Authority
In addition to the commitment, the CBUAE highlighted the solutions of the COP28 UAE TechSprint – a global initiative launched by the central bank
In a statement to be announced at COP28, the World Bank and regional peers, said the window of opportunity to secure a liveable planet was “rapidly closing”
The broadcaster plans to use the proceeds to repay debt, enhance its financial flexibility and invest in new content for Shahid
Based on the final offer price, the company’s market capitalisation upon listing is expected to be approximately Dhs4.6bn
The deal is the first export credit agency financing by the sovereign fund and will help finance exports from Korea to Saudi Arabia
The bank had set up a legal entity in ADGM in 2021, but has had a physical presence in the UAE for more than a decade
DFM will commence the pilot programme for institutional investors starting from December 4-8, with the offsetting period ending on January 10, 2024
The banking and transportation divisions’ respective contributions to the wealth fund’s profit soared by Dhs8.2bn and Dhs7.7bn
The market regulator invited participants in the capital market as well as relevant and interested persons to participate in a 30-day public consultation
The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme
Zhao, who was born in China and moved to Canada at the age of 12, pleaded guilty in a Seattle court on Tuesday afternoon
The country’s financial markets possess significant potential and flexibility, combined with its continuous commitment to innovation and development
The banking group’s net profit after tax and minority interest rose by 24 per cent to reach EGP395m
Growth in the country’s payments space is being fueled by a surge in digital transactions and technological advancements such as GenAI
The subscription period will open on Tuesday, November 21
The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn
The group’s assets edged up by 3.3 per cent to reach Dhs235.6bn, compared to Dhs228bn a year earlier
The investment group acquired a 9 per cent equity stake in the digital bank earlier this year
Employees who sign up can either receive financial benefits after the end of their employment contract or continue investing in the end-of-service scheme
The SPAC raised Dhs1.1bn of growth capital, including Dhs734m from the previously announced PIPE transaction
The IPO pipeline will be driven by Saudi Arabia, where 27 companies have announced their intention to list on the Tadawul
Neobanks have reset the paradigm for the traditional banking industry in terms of customer experience, product innovation and pricing
The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs
The agreed recommendations will now be socialised with national governments ahead of COP28, so the fund can be activated and capitalised
The new decisions reflect the significant role of free zones in the UAE’s economic diversification strategies
Masdar will partner with ADGM to host the forum as part of the special edition of Abu Dhabi Sustainability Week at COP28
The financial watchdog said the fine follows and is connected to the prohibition that was imposed on the lender in May 2021