The bank’s ownership in the Egyptian unit has risen to 52.607 per cent
The bank is tracking the development of banks and fintechs to ensure their readiness to launch open banking services in Q1 2023
The Abu Dhabi Global Market-based joint venture aims to collectively deploy up to Dhs9bn over the next five years
In addition to banking services, Wio Bank will provide experts and mentors to support startups in Flat6Labs Ignite’s programme
The partnership will allow customers to open a National Bonds account or top up an existing account at any one of Lulu Exchange branches in the UAE
The investment firm’s 2023 Global Investment Outlook offers insights on the opportunities and challenges for investors in the year ahead
Apart from getting a good broker, keeping track of market research, news and alerts can help you identify new trading opportunities and understand the market
AECB provides credit reports by collecting and analysing data on the credit histories of individuals and businesses, including cheque issuances and clearances and utility payments
The Luberef IPO marks the firm’s eighth private equity exit, and at SAR5bn the offering brings Jadwa’s aggregate private equity distributions to clients to SAR11bn
Akshay Sardana, VP of Strategy and International Development at The Continental Group, offers insights on these trends
Dubai Chamber of Commerce plans to increase the number of economic sectors and activities represented by business groups to 100 by March 2023
The programme will feature a series of sessions to raise awareness of the corporate tax law amongst the business community and its implications for the national economy
The streamlining and automating of revenue collection will help government entities to better plan and forecast as well as focus on their core business and services
The guidelines will support licensed financial institutions effectively implement their statutory obligations related to anti-money laundering and combatting the financing of terrorism
The cumulative balance of credit provided by national banks to trade and industry sectors reached Dhs720.8bn at the end of August
The UAE has accelerated its growth this year with key strategies, strong initiatives and a future-first approach
Phoenix Group is listed on the Tel Aviv stock exchange, with a market value of $2.85bn
The US Federal Reserve raised its key interest rate by 50 basis points
The Japanese firm has received in-principle approvals from the Monetary Authority of Singapore and Dubai Financial Services Authority to set up a branch in the Middle East
The bank shall use the proceeds for general corporate purposes
Under the credit guarantee scheme, EDB will guarantee up to 50 per cent of the finance facility extended to SMEs by ADCB
The lender has also expanded the responsibility of existing senior management team members
Americana and Luberef IPOs take the proceeds of Gulf listings this year to over $20bn
Goldman’s net revenues in wealth management were $1.6bn in the third quarter
S&P Global Ratings expects stronger economic growth in core Islamic finance countries and will boost industry assets about 10 per cent during 2022–2023
Revenues are now set to reach SAR1.13tn, slightly more than projected earlier
DIFC’s fintech accelerator programme has attracted more than 3,000 applications from all over the world
This step further enhances the Saudi Exchange’s appeal as an investment destination for investors and issuers, regionally and internationally
Luberef becomes the latest billion-dollar plus IPO in the Gulf
Remittances to the developing countries of the MENA region are estimated to have grown 2.5 per cent in 2022 to $63bn, compared to a 10.5 per cent growth last year