The bank’s deposit base rose by 4 per cent between January and September to reach $226bn
Birkenstock is the fourth major company to launch a US IPO in the last four weeks
The 10-year notes, which were 5.6 times oversubscribed, carry a 4.87 per cent coupon rate and will mature in July 2033
Food security is one of the five priority sectors that the development bank supports to contribute to the country’s national development agenda
Big US investors such Texas Teachers’ Pension and California State Teachers’ Retirement System have cut exposure to Chinese equities
The fund is looking at opportunities in the private credit market, as banks become more cautious about lending due to rising financing costs
The budget estimates expenditures of Dhs64.1bn in 2024, up 1.6 per cent from estimates for 2023
Almost all the stocks on the index were in negative territory including blue-chip developer Emaar Properties
The proposed dividend payout is in line with the company’s previously announced dividend policy of distributing Dhs600m
The cards, the first of their kind in the kingdom, include a cashback credit card and prepaid card without annual fees
Banks in recent months have been tightening the amount of foreign currency clients can use in Egypt and on how much can they can charge to their credit cards while abroad
The school operator added 28,490 new students for the 2022/23 academic year, a 35.9 per cent year-on-year increase in enrolments
The global CEO and chairman explains how the company has emerged as an industry-leading digital remittance firm providing an expansive set of offerings
The Investment Corporation of Dubai is the principal investment arm of the emirate’s government
This development follows last week’s announcement by IHC that it had entered a definitive agreement to sell its stake in AGEL and ATL
The fintech firm said its expansion into Jordan is at an advanced preparation stage
Companies can contribute on behalf of their employees, which is expected to enhance employee retention
The Swiss bank is expanding its UAE presence as part of a push to tap family wealth and a growing pool of entrepreneurs
A look at the emerging trends and challenges in risk management for alternative investment fund managers
The transaction will be formalised after the clearance from the Turkish competition watchdog
The cloud allows banks to launch new products and services quickly and easily, such as mobile apps and digital wallets
The new CBUAE guidance related to the virtual assets sector is aimed at strengthening the supervisory and regulatory frameworks of the country’s central bank and other relevant bodies in line with global best practices
The emirate repaid Dhs20bn as part of its total financing from Abu Dhabi and the Central Bank of the UAE
Since 1975, SFD has funded more than 700 development projects worth $18.7bn in over 90 countries around the world
The offering marks EFG Hermes’ fifth IPO this year and is the latest in a series of transactions the investment bank has advised on in the GCC region
The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities
The logistics firm set the price range at SAR98 and SAR106 per share, implying a market capitalisation on listing of as much as SAR8.5bn
The partnerships seek to introduce members and investors to a range of services, promotional packages, and financing assistance programmes
As the first licensee of consumer finance in Egypt, Contact has played a pivotal role in growing the non-bank credit sector
The trading of the certificates on the Irish Stock Exchange was cancelled upon redemption of the certificates