The overseas office brings the bank closer to the front lines of its sustainable development work in the Middle East and Africa
The firm expects to pay the second and final dividend for 2023 in May 2024, subject to board’s recommendation and shareholders’ approval
Investments in fintech is further accelerating the ongoing pace of fintech innovation globally and in Dubai
The notification from CBUAE comes after the US Federal Reserve announced that it is maintaining its key policy rate unchanged
The deal implies an equity value of Dhs623m for the Abu Dhabi-based printing, commercial printing and last-mile delivery business
The banking sector is playing a crucial role in combating climate change by providing green financing and supporting climate initiatives
The facility was structured as a combination of revolving credit facilities and term financing facilities
The bond will be listed on the London Stock Exchange and Nasdaq Dubai
These indices will serve as reference points for various investment products, aiding institutional investors in monitoring the performance of market segments
The institutional investor tranche represents 40 per cent of the offering while the retail portion accounts for 30 per cent
The transaction marks the financial technology firm’s third issuance this year, and the sixth concluded in partnership with EFG Hermes to date
The country’s banks continue to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape
Digit9 can handle more than 300 transactions per second across a network of over 2,000 global partners
It has been structured to provide comprehensive multi-asset class investment solutions for a diverse clientele
The financial hub said a total of 102 asset managers, comprising investment firms and hedge funds, have set up shop in the city
The asset manager is seeding the first strategy within its Mubadala Capital Solutions unit with $2.7bn from its balance sheet
The regional office will be led by Firas Mallah, managing director and head of the Middle East
The increase in losses is forcing banks to leverage cutting-edge technologies to detect and analyse fraudulent transactions
The group reported a 6.6 per cent increase in first-half profit, despite the currency headwind in Egypt
The shareholders are offering 24 million shares in the cargo firm, equivalent to 30 per cent of the paid-up capital post-listing
The kingdom continues to be under-represented in the portfolios of emerging markets investors despite being the sixth index in the MSCI EM Index
The investment will initially focus on providing financing for technology and software companies
The landmark securitisation programme makes EMRC the first refinance mortgage company to securitise portfolios for mortgage companies in the Egyptian market.
The company is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares
Experts share why the two Asian economies hold immense potential for global investors
The accelerator programme is accepting applications from September 6 to October 10 this year
The order book was nearly 10 times oversubscribed at the time of issuance in April, with investors placing total orders of more than $15bn
The initiative will allocate Dhs100m to bolster the adoption of green energy solutions with a focus on solar energy initiatives
The drop in value for the Indian currency came against a sharp rise in US dollar value as the American greenback rose to the highest levels in six months
The corporate banking portfolio grew by 5 per cent YoY to $4.3bn while its net interest income rose by 10 per cent to $45.9m