Arada will use the proceeds from the tap for general corporate purposes and to support the development of its existing projects
To mark the event, ADGM chairman Ahmed Jasim Al Zaabi took a special tour to meet the international and local entities located at the financial centre
The market capitalisation of stocks listed on ADX increased 59.7 per cent to Dhs2.2tn at end of Q3 from Dhs1.38tn during the same period in 2021
The bank’s loan portfolio grew to SAR189bn, marking an increase of 4 per cent during the third quarter
Virtuzone, in collaboration with Wio Bank, will offer entrepreneurs access to banking services through Wio’s SME-focused digital banking application, Wio Business
The agreement provides a framework for further co-operation between the two authorities on regulation, policy and trends in financial services and markets
The new private bank will cater to the needs of clients with investable assets of over $2m
Net profit increased 46.9 per cent year-on-year from $819.9m recorded during the same period last year
Gold was flat at $1,651.49 an ounce by 10.34am Shanghai time
Emirates Development Bank approved Dhs1.3bn towards financing mSMEs and Dhs3.1bn to fund industrial development and infrastructure projects
The initiative will allow new customers to open a bank account with DIB remotely and digitally through face-matching verification
The agreement will see DIFC and Global Start-up Studio Network organise in-person and virtual events for venture studios, and foster collaboration to develop purpose-built frameworks and tools for their use
Bullion is still trading near its lowest level in the month
The subscription period for the listing will open on October 21 and close on October 25
Bitcoin, the largest cryptocurrency by market value, fell as much as 3 per cent on Thursday in New York to $18,585
The company set the final offer price at $26.6 a share, raising $710m after a book-building process for institutional investors
Google will use Coinbase Prime for institutional crypto services, such as custody and reporting
Speculation about the Swiss lender’s health has rocked its shares this year
The bank’s board is expected to announce a new CEO shortly
EmaraTax will enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refunds
The new digital vault will enable the upload and secure storing of insurance contracts, title deeds, wills and financial certificates
The lender aims to offer a financing solution up to Dhs1.5m to support developing needs of businesses
Social development and benefits represent the largest proportion of the country’s federal budget 2023 at 39.3 per cent
Colombia is the fourth global market which IHC has expanded its investment activities into this year after the UK, India, and Turkey
Burjeel Holdings rose 20 per cent to almost Dhs2.4 in Abu Dhabi
Since peaking in March, gold prices have tumbled 18 per cent as the Federal Reserve’s rate hikes caused mass liquidation by financial investors
Book-building for Marafiq’s IPO opens on Sunday and lasts until October 14, followed by a retail offering from October 26-29
The bond was more than eight times oversubscribed, with orders exceeding $24bn
The new brandmark represents two human hands coming together, depicting a sense of security and protection for customers
The precious metal crossed the $1,700 mark this week