The grey-list exit will increase the international community’s confidence in the country’s financial services sector
The issuance marks the first real estate benchmark US dollar-denominated sukuk from the MENA region in 2024
The project is expected to create significant job opportunities, attract further foreign investment, and contribute to the North African country’s tourism and economic growth potential
An exit from the grey list marks a swift turnaround for the UAE, which was initially added to the list of jurisdictions under increased monitoring in March 2022
India, Argentina, China, Russia, Malaysia and South Africa registered the largest increases, signalling potential growing challenges in debt repayments
in5 has incubated about 900 startups since its inception, and its tech-focused vertical is currently home to 270 active startups
The framework would be a process that is governed and regulated and a catalyst for increasing the free float of listed companies
Investor meetings are scheduled to start from February 20 and will be followed by a benchmark-sized US dollar-denominated unsecured Sukuk offering
Saudi Arabia’s Minister of Investment, Khalid Al-Falih shared these milestones at the third Saudi Capital Market Forum in Riyadh on February 19
Sovereign funds in the GCC region are key to their respective governments’ national development plans and contribute to deploying national wealth in strategic sectors of interest
The financial hub said 1,451 new companies commenced operations in the centre last year, the highest number of new registrations in 20 years
Yves Bruggisser, equity partner and Head of Zone Middle East Pictet Wealth Management tells us that the UAE is at the heart of a networking hub that attracts innovation and ambition
Three customers depositing at least Dhs500,000 into their current or savings accounts have the opportunity to win Dhs1m each
The group’s balance sheet remains resilient with Dhs140.4bn in assets and a strong cash position of Dhs20.2bn
The platform currently links 108 out of 120 Arab banks signed up, with a target of 160 by the end of 2024
The cryptocurrency has risen 16.3 per cent so far this year, on Monday touching its highest since December 27, 2021
The alternative investment firm listed Investcorp Capital on the Abu Dhabi exchange last year, defying a depressed market for IPOs
A dedicated specialist will conduct a comprehensive review of the applicants’ business followed by the joint steering committee’s review for inclusion in the initiative
The UAE consolidated its status as the preferred destination for investors due to its business-friendly regulations and efficient legal framework
The company attributed the growth to its highest-ever quarterly development sales of Dhs8.5bn in Q4, with full-year sales reaching a record Dhs27.9bn
The joint venture seeks to acquire minority stakes in private market investment managers with fee-paying AuM of less than $10bn
Savola’s board has approved the rights issue and the distribution of Almarai shares
The company appointed HSBC as the sole financial adviser, global coordinator and lead manager on the deal and Emirates NBD Capital as joint book runner and underwriter
The new office presents an opportunity for the company to explore new partnerships and investments
The UAE is ushering in a new era of regulatory oversight for virtual asset activities. We speak to Karm Legal Consultants about what this means for virtual asset service providers
Saudi Arabia has emerged as the largest insurance market in the GCC surpassing the UAE
Diversification into new sectors and strategic acquisitions fuelled growth, with preliminary net profit remaining strong at Dhs32.75bn
The waiver applies to all new and repeat issuers who make a relevant application to the financial regulator
Paytm’s stock plunged 36 per cent in the two days following the RBI’s move against its bank wiping $2bn off its market value
Net interest income in the fourth quarter increased by 17 per cent year-on-year to Dhs3.41bn