By focusing on critical areas, the ‘Future Fund Oman’ aims to revitalise the country’s economic pillars and propel sustainable growth
The IPO involved the offering of 24,549,600 shares, constituting 30 per cent of the company’s issued share capital
Investment Corporation of Dubai is said to consider listing ALEC
In a sign of how bullish investors were becoming most buying came from the creation of new long positions
Avanse, India’s second-largest NBFC in the education finance sector, provides hyper-personalised education financing solutions to students
The agreements mark a pivotal stride in advancing clean energy projects within Pakistan, aiming to address challenges associated with conventional energy sources and their financial burdens
The new tax regime clarifies that the headline 9 per cent corporate tax will be creditable against the emirate-level tax on foreign banks
A fresh round of scam messages were sent to residents in the UAE, impersonating the Central Bank of the UAE
In the absence of a well-structured will or trust, beneficiaries in the UAE could encounter several challenges
Public-private partnerships exemplify such collaboration, with government support bolstering confidence among private investors and financial entities to co-invest in NbS projects
The bank has now raised its key one-week repo rate by 4,150 basis points from 8.5 per cent since last June
The newly created holding firm with assets worth $27bn (Dhs100bn) is set to go to the market “sometime next year”
LuLu’s potential IPO is poised to be among the most notable listings in the Gulf region this year
By the end of Thursday, Parkin’s share price soared to Dhs2.84, putting the company’s market capitalisation at Dhs8.5bn
Clients will have a wide choice of investment solutions across asset classes, including the investment management firm’s $256bn global alternatives platform
This robust financial footprint strengthens the UAE’s position as a significant global economic force
By April 2025, a revamped tax regime will take effect, stipulating that all foreign income and gains will become taxable after just four years of UK residence
The initiative is expected to tap into the growing interest from regional and global retail investors, and high net-worth individuals
The new warehouse in Saudi Arabia would service the Middle East, North and East Africa regions
One of Egypt’s biggest banking and investment firms has recorded that its net profit after tax and minority interest rose 39 per cent year-on-year
The funding comes after a year of significant growth for Moove that saw the company increase its annual recurring revenue to more than $115m
Total deposits of resident and non-resident customers with UAE banks rose by 13.5 per cent YoY to reach Dhs2.5tn
The guidelines require banks to report capital markets emissions, such as those tied to money raised for companies via bond or share issues
The GCC region is set to see more equity capital markets activity in 2024 as more companies are considering public listings amid a global slowdown
The IPO will offer 120,000,000 shares, representing 30 per cent of SMASCO’s total issued share capital
Dubai Investment Fund sold 749,700,000 shares, equivalent to 24.99 per cent of Parkin’s paid-up capital
The PIF currently ranks number five globally in terms of sovereign wealth funds by asset size
The emirate’s continued listing activity is being driven by the implementation of various initiatives such as the IPO accelerator programme
Financial institutions as well as academic institutions in the kingdom will shut for an extended period to mark Eid al Fitr
This investment aims to bolster the growth of the Venture Debt ecosystem in Saudi Arabia.