The move will direct funds to Europe’s biggest carmaker to foot the staggering cost of electrification and software development
The largest digital token has shed more than 6 per cent so far this week
Global sukuk issuance in the first half of 2022 raised $100.9bn, marginally lower than $104.2bn in H1 2021
Central banks globally are set to keep raising interest rates to fight inflation, weighing on non-yielding assets like gold
Bitcoin dropped as much as 0.8 per cent to $19,591 on Sunday and was little changed as of 7.50am in New York
The value of financing approvals during 2021 amounted to more than Dhs2.6m
The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region
Bullion ended Monday little changed after tumbling to the lowest level in a month
Via this partnership, Virtuzone seeks to advance the use of cryptocurrencies and blockchain technologies in the country
The lending service will be available for UAE-based SMEs and startups operating in one of EDB’s five priority sectors, which are manufacturing, healthcare, food security, advanced technology and infrastructure
Numerous strategists have flagged $20,000 as a key point for Bitcoin
Bullion is heading for a fifth monthly decline, the longest such stretch in four years
Spot gold slipped 0.2 per cent to $1,755.35 an ounce as of 9.04am in Singapore, paring the weekly gain to 0.5 per cent
Investors will be able to access multiple investment themes focused on innovation and long-term growth
Higher rates weigh on the non-interest bearing precious metal
The bank joins more than 50 global peers who are members of the United for Wildlife Financial Taskforce, which is dedicated to stopping illicit financial flows associated with illegal wildlife trade
The banking sector was the leading contributor, with 17 banks accounting for 69 per cent of total assets
National Bonds has designed a mobile app and website to make the programme easy to use and more accessible
Fiscal second-quarter sales increased 7.6 per cent to $1.1bn
The largest crypto was little changed at $21,330 as of 7.40am in London on Monday
Higher rates weigh on non-interest bearing bullion
The value of the trade exchange between Egypt and the UAE increased to about $1.2bn during the first quarter of 2022, an increase of 1.4 per cent over the same period in 2021
The importance of effective enterprise risk management has never been more crucial for senior finance executives, says Stephen McNally, CMA, CPA, chair of Institute of Management Accountants’ global board of directors for the 2021-2022 fiscal year
Cryptocurrencies have been battered this year as the Fed hiked rates amid elevated inflation readings
The transition finance facility aims to support Lafarge Emirates Cement with their latest project, a waste heat recovery system that supports the company’s journey to net zero by 2050
Bullion is hovering near a two-week low after the US dollar and bond yields rose Wednesday
The bank is looking for fintechs, digital experience startups and emerging technology players operating to support its immersion into the virtual world
The acquisition is part of the previously announced $1.4bn investment by Apollo into Aldar’s transformational growth initiatives
The group announced that net profit before tax rose by 8 per cent YoY in Q2 2022 to EGP623m.
The wealth fund is boosting its investments in equities as Saudi Arabia’s income from oil almost doubled in the second quarter