More than one-third of companies have plans to raise wages by up to 5 per cent
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Dubai lives up to its reputation as the ‘City of Gold’, hosting 72,500 millionaires, 212 of whom are centi-millionaires and 15 billionaires
Despite global dealmaking challenges in 2023 the Middle East will continue to be a global bright spot for transactions in the year ahead
Facilitated through the multi-CBDC platform ‘mBridge’, the transaction utilised central bank-mandated digital currencies for international fund transfers
The bank’s non-interest income reached Dhs3.1bn in 2023, up 13 per cent compared to the previous year
This trend encourages users to boldly express their budget constraints and rethink their spending habits
Bond investors are presented with the opportunity to lock in one of the highest yields in more than ten years
With the unveiling of Budget 2024 just round the corner, the NRI community hopes that the Tax Deducted at Source (TDS) process as well as the tax bracket is re-worked to provide relief
The fintech platform is currently in discussions with multiple UAE banks about rolling out its solutions
The Dubai-based lender proposed a dividend of 120 fils per share for last year, doubling the amount paid to shareholders in 2022
The regulator licenced and registered a record-breaking 117 firms during the 12 months. This reflected an increase of 25 per cent from the previous year.
The triple-tranche bond sale generated strong demand, with orders worth over $27bn
Abu Dhabi Islamic Bank is actively working on prioritising substantial investments in renewable energy, clean technology, and eco-friendly projects
The trading platform will be rebranded the Gulf Mercantile Exchange and expand in energy, metals and agricultural products as part of the deal
The new brand identity combines ‘Emirates’ and ‘7’ and is inspired by the UAE’s unity and future-facing strategy
The fund offers funding and investment solutions to various investor categories including private sector organisations, SMEs, foreign investors, and startups
The bank will provide services for both corporate and institutional clients, including financing and working capital solutions
Aramco’s venture capital programme supports the development of disruptive new technologies and creates diversification opportunities for Aramco while paving the way for collaborations with innovative startups
The fund is chaired by Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince and Chairman of The Executive Council of Dubai
The ranking revealed that Saudi’s Aramco retained its status as the most ‘valuable’ Middle Eastern brand in global ranking, followed by ADNOC and stc
Mohammed bin Rashid Al Maktoum Global Initiatives has inked a new agreement with WFP to implement sustainable food projects and deliver food aid
Looking at the landscape, 2024 promises to sustain the momentum in the GCC region, with Saudi Arabia taking centre stage, says Gad
When operational, the licence will enable the company to provide spot services and spot-pairs services to qualified retail clients
The company, which is listed on Riyadh’s Tadawul exchange and manages Saudi German Hospitals, will use the proceeds for general corporate purposes
The total value of bonds listed on Nasdaq Dubai by the lender, comprising the issuances by Hong Kong and Dubai branches, now stands at $2.45bn
The statistics authority said rental prices increased by 9 per cent in December 2023
Abeer operates about 50 health-care facilities including hospitals, pharmacies and clinics in Saudi Arabia and the GCC region
The year ahead brings with it opportunities but uncertainties, highlighting the significance of investors staying vigilant to these evolving market trends
GIP is the world’s largest independent infrastructure manager with more than $100bn in AUM and a strong reputation for driving operational improvements in its portfolio companies