The establishment of digital asset and virtual asset regulatory frameworks has placed Abu Dhabi, on the map as a regional and global virtual assets trading centre
The new programme will support and encourage UAE citizens with various specialisations to enter into the financial and accounting sectors
Abu Dhabi’s non-oil GDP grew to Dhs273bn, contributing more than 50 per cent to the emirate’s real GDP
ADX has witnessed strong year-to-date growth in the ETF market’s trading activity with around 12,500 trades of 243 million units
The transaction marked the largest issue size in international capital markets by a GCC bank since February 2022
The awards celebrated stalwarts and companies from across the region’s business landscape
The Public Investment Fund is in talks with Singapore’s GIC Pte to jointly fund up to 800bn won ($591m) ahead of Kakao Entertainment’s initial public offering due next year
Details on the size of the fund and the projects to support are still not decided and it’s likely several weeks before the vehicle takes off
The developed indices provide various market participants with investable and tradeable benchmarks for the DFM equity market
The OPEC member recorded the highest non-oil revenue in seven years, up 38.5 per cent to KD2.4bn
The partnerships with ADIB and RAKBANK will focus on providing ADGM-registered and licensed businesses with preferential banking services
The initiative aims to support investor participation for upcoming listings
Year-to-date growth in the turnover of ADX’s ETF market was supported by more than 11,400 trades of 227 million units
Empower is Dubai’s fourth privatisation in recent months
The fund now manages over OMR16bn of assets in 40 countries and has achieved an annual average return of 10.3 per cent
Listings in the Middle East have seen strong investor interest
First Abu Dhabi Bank has structured green financing for the development of renewable energy projects, the construction of energy efficient buildings and infrastructure development for sustainable water management
Its cost-to-income ratio stood at 77 per cent in the third quarter of the year, decreasing from 90 in Q2 2022
The offering comes almost a year after the stock exchange went public in a $1bn initial public offering
This marks Investcorp’s fourth healthcare investment in India and its first in the dental industry in the country
It includes a formal framework for both entities to provide SMEs with access to trade financing
Upon listing, Empower will become the world’s largest district cooling services provider on a stock exchange
The asset manager has been expanding holdings from the US to Asia as it seeks to reach assets of about $100bn
Continued momentum in direct and indirect acquisitions were the main drivers behind the growth rate over the previous year’s quarter, with IHC’s total assets increasing to Dhs198.8bn
While securing a bank loan that suits individual needs can be time-consuming and often unsuccessful, banking as a service may be the solution
Investing in green stocks can be a great way to protect your portfolio from market volatility
The global food production industry is increasingly turning to green financing as a way of mitigating its impact on the planet
The fund will mainly focus on buyouts of firms in or close to the region that spans the Chinese cities of Hong Kong and Macau
The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time
The company’s market capitalisation at listing is expected to be between $3.56bn and $3.62bn