Jamal Al Nassai, group managing director for Merchant Services at Network International shares his insights on the company’s strategic direction, innovative solutions for merchants, and the future of digital payments in the region
The UAE’s new VAT updates will impact several sectors, with investment fund management and virtual assets receiving key exemptions
The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio
According to CBUAE, the insurance sector’s growth was driven by increased policy activity, investment returns, and a rising demand for coverage in key areas such as property and employment
The credit facility is expected to provide ROSHN with the financial flexibility needed to pursue new opportunities and strengthen its position
In addition to loans, the platform offers a range of financial services, including invoice, POS and receivables financing, and insurance
The catering firm is offering 9 billion shares, representing 40 per cent of the company’s total issued share capital
Taxable persons incorporated on or after June 1, 2023, with tax periods ending on or before February 29, 2024, now have until December 31 to fulfill their corporate tax obligations
These developments reflect a robust economic landscape in the UAE, characterised by a solid banking sector and increasing investor confidence
The DIFC has been luring global banks, asset and wealth managers, and hedge funds, and it is now seeing rising interest from South African entities
The tap was priced at $102.54, yielding 7.35 per cent, a 15 basis points tightening from initial pricing thoughts
The New York-based private equity firm received preliminary approval for a license to operate out of the Abu Dhabi Global Market
Neopay, originally established as a strategic division within Mashreq, has expanded rapidly, becoming a key player in the UAE’s digital payments sector
The IPO attracted six cornerstone investors, including Al-Hosn Investment Company, Bank Dhofar and Tanmia, which agreed to subscribe for shares worth as much as OMR156m
The Central Bank of Egypt is currently pursuing approval from the Financial Regulatory Authority and the Egyptian Stock Exchange
The ministry’s efforts to strengthen the local currency bond market and diversify funding sources are crucial in fostering a stable financial landscape
The $4bn increase shows progress but is well short of the trillions of dollars in additional resources needed annually to finance the clean energy transition
This partnership supports Riyadh Air’s goal of becoming the world’s first fully digital airline as it prepares to expand to over 100 destinations by 2030
The recommendation from the BIS was made prior to the US Federal Reserve’s first interest rate cut in four years
The new facilities will give the group the flexibility to time its return to the debt capital markets in line with its stated strategy to utilise bonds as the predominant long-term funding vehicle
The Asian expansion comes as the fund has been diversifying its investments from core European and US markets
The investment follows the US Federal Reserve’s first interest rate cut in four years, which is expected to boost companies with balance sheet concerns
Catering primarily to the UAE’s large expatriate population, the SNPL feature offers financial flexibility, allowing users to send money abroad and pay in installments
The deal will help PJT Partners expand its presence in the Middle East, giving it access to a diverse client base
The Gulf region’s oil and gas exporters tend to follow the Fed’s lead on rate moves as most regional currencies are pegged to the US dollar
Trade finance solutions will enable businesses to move their goods faster and improve their working capital while enabling the flow of trade
On a quarter-on-quarter basis, liquid assets rose by 2 per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023
Saudi Arabia’s markets regulator approved AlBilad Investment Company’s request to offer “Albilad CSOP MSCI Hong Kong China Equity ETF
The move is part of the bank’s broader strategy to support the growth of domestic stocks and drive economic expansion in the UAE
The central bank directed the foreign bank to present the regulator’s action to its board of directors