Bayzat will use the fund, secured with Mohammed Bin Rashid Innovation Fund’s guarantee, to expand and strengthen its technical development team
Secura International, headquartered in Abu Dhabi, offers investment and wealth solutions to high-net worth markets in the Middle East, Asia and Africa
The growth in the profit was driven by the continued strong performance of the group’s manufacturing, contracting and services segment
ADNIC reported that gross written premiums increased by 20.9 per cent to Dhs3.23bn in H1 2022, compared to Dhs2.67bn for the same period in 2021
Domestic deals were the major contributor of merger and acquisition activity in the region, representing 48 per cent of the total deal volume in H1 2022
The new requirements ensure the development of regulatory frameworks, leaving little or no room for manipulation or illegal practices
The holding company’s revenue grew by 121 percent to Dhs21.93bn in the first six months of 2022
According to the World Gold Council, an analysis of gold futures positioning also suggests that gold could rebound in the near term
Public spending included Dhs28.7bn spent on employee compensation payments compared to Dhs24.6bn in the same reporting period in 2021
The new centre, which is scheduled to be launched on September 1, will provide a full range of services and accreditation to businesses and advisors who meet DIFC’s standards
The official reserves stood at QAR153.890bn by the end of July, a considerable rise over last year’s reserves of QAR4.775bn
The company will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals
EDB mobilised Dhs351m in capital in H1 2022 to support SMEs via its credit guarantee scheme
Financial businesses should use a platform to manage their data to keep up with the technological advancements they are currently, or gradually planning on, implementing
Meta may sell $8bn to $10bn of debt depending on demand, with proceeds used for general corporate purposes
Once listed, Burjeel is considering a dividend payout ratio of 40 per cent to 70 per cent of net income from 2023 depending on its investment requirements at the time
The UAE-based money-exchange firm held initial talks with potential advisers about the Dubai listing that may happen in the first quarter of 2023
The UAE considers Egypt a partner in the effort to counter anti-money laundering and terrorism financing
In uncertain times, riskier assets are less desirable, and safe haven instruments gain value
TradingView has a growing base of social traders, with around 30 million users and over one million paid subscribers around the world
These guidelines follow CBUAE’s recently introduced AML/ CFT guidance for licensed financial institutions on risks related to payments
CBUAE stated that gross credit grew by 2.6 per cent, rising from Dhs1.817tn at the end of April to Dhs1.865tn at the end of May
The company’s total assets grew by 3 per cent year-on-year during 2022 to reach $8.26bn
Companies added 2,349 new accounts in July and 2,850 accounts in June
The new guidelines state that licensed financial institutions should have compliance programmes in place to mitigate payment-related risks
Franklin Templeton’s investment professionals across asset classes focus on the second half of the year and share where income-seeking investors may find opportunities
The bank’s half-year net profit was driven by broad-based growth in net interest income, card fees and trading income underpinned by the economy’s recovery
The company’s total consolidated revenue reached Dhs163.8m in H1 2022 compared to Dhs136.6m during H1 2021
The bank reported double-digit income growth in the UAE, Pakistan, and Ghana, with Pakistan delivering its highest-ever half-yearly operating profit
The bank’s total income was Dhs12.5bn, up 31 per cent YoY, including a Dhs3.1bn net gain on the sale of a majority stake in Magnati