The transaction achieved the largest price tightening by any UAE bank in the last five years for an additional tier 1 transaction
The Bombay Stock Exchange, which crashed 3,000 points on June 4, erased its entire 2024 gains in a single day on the back of poll results
The potential deal would make the fund the third-biggest shareholder in ChinaAMC, which manages more than $248m (RMB1.8tn) in assets
The MENA region, especially the Middle East, is making significant strides in financial technology, with embedded finance emerging as a game-changer
MENA countries have made significant progress in empowering women economically, politically, and socially, and considers women to be key partners in sustainable growth
The FTA said fines would begin to apply to those who do not comply with the requirements to submit Corporate Tax registration applications before the specified deadlines
The state investor posted a record-high net profit of Dhs60.8bn, buoyed by an increase of Dhs24.6bn from its transportation and banking businesses
The kingdom is turning to the debt market to find alternative funding sources to cover an anticipated fiscal shortfall of about $21bn this year
The investor meetings for the debt sale will take place beginning from May 28 and will be followed by a US dollar denominated senior unsecured Green Notes
The company priced its IPO at the top of the range, selling its shares at 500 fils apiece to raise KWD45m
The UAE’s exit from the FATF’s grey list can be seen as a crucial step, albeit not the sole factor, for fostering robust growth in trade and investment
Saudi Arabia‘s deadline for foreign firms to establish their regional headquarters in the kingdom went into effect earlier this year
The company priced its IPO at the top of the previously announced range, selling its shares at SAR37 per share apiece to raise SAR841m
The regulator said the probe was closely coordinated between the FSRA and the Dubai Financial Services Authority
The final details of the potential deal for Turkey’s fourth-biggest private bank are being hammered out after months of negotiations
The financial hub said the total number of operational entities jumped by 30 per cent to reach 1,950
This investment will help reduce carbon emissions and reliance on imported fuels, aligning with Japan’s domestic and international emission reduction targets
Bullion is known as an inflation hedge, but higher rates increase the opportunity cost of holding non-yielding gold
The first tranche subscription period is expected to run from May 28 to June 4, with the second tranche subscription period expected to end on June 5
Abdulaziz Al-Ghurair, UBF and Mashreq chairman, said UAE banks are leveraging technologies such as AI, blockchain, and data analytics
Among the major risks for businesses in 2024 are climate change, geopolitical instability, and employee burnout, emphasising the need for proactive measures and resilience to ensure business continuity
The wealth fund reported proceeds of Dhs99bn in 2023, which includes divestments of certain legacy assets and capital recycling
PIF saw its US-traded stock holdings plummet from $35bn at the end of 2023 to $18bn by March 31
Countries on the grey list undergo increased monitoring and must actively work with FATF to correct deficiencies
The ETF market will contribute to bolster “Abu Dhabi’s plan to diversify its economy and attract more investors to its financial centre
In 2023, Dubai welcomed 1,070 global greenfield FDI projects, surpassing second-placed Singapore by 142 per cent and third-placed London by 148 per cent
The holding firm has hired National Investments Company and EFG-Hermes UAE as joint bookrunners and global coordinators on the deal
The pricing of SAR57.5 per share implies a market valuation of around SAR13.3bn at listing
The company’s gross profit surged by more than 15 per cent YoY to reach Dhs336m in Q1 2024
The financial regulator registered a 50 per cent year-on-year increase in licence applications across all business models