Sha2labaz, a redemption product by valU, will help shoppers receive cash reimbursements for purchases they make at Mall of Egypt and City Centre Almaza
Imperial Avenue, a 45-floor residential tower, is Shapoorji Pallonji’s flagship real estate project in the UAE
Facial recognition is just one of many technologies being trialed by retailers, banks and payments firms to eliminate cash and reduce fraud
Berkshire’s now betting on Citigroup as new management takes over
The inaugural issuance was 6.3 times oversubscribed
The turmoil is a good time for investors to rebalance their portfolios
Mubadala invested Dhs125bn in 2021 in high-growth sectors including technology, life sciences and consumer goods
The Finance Ministry expects the economy to grow 5.6 per cent in 2022, in line with IMF predictions
The agreement underscores growing economic ties between the two countries and will drive investor interest in Greece
Rashid Ali bin Obood Al-Falasi has been appointed as the chief executive officer of the debt management office
The base rate suggests the general stance of the Central Bank’s monetary policy
Crypto assets have all been weighed down as the Federal Reserve and other global central banks raise interest rates
The bank saw operating profit rise by 59 per cent in the region, with operating profit for a single quarter crossing $300m for the first time in nearly a decade
The agreement signed between ADDED and FAB, ADCB, CBD and ADIB will help credit card holders pay the charges for ADDED’s services in installments
The new licence recognises Century Financial as a trading broker of OTC derivatives and currencies in the spot market
Iman offers a halal book-now-pay-later solution to retailers
Kuwait Investment Authority’s Enertech Holding Co. and Pakistan Kuwait Investment Company have applied for a digital bank license and proposed a hydrogen plant and two smart cities
The new listing brings the total value of Sukuk listed in Dubai to $77.5bn
The company’s total consolidated revenue surged by 7 per cent to total Dhs78.6m in Q1 of 2022 compared to Dhs73.4m during the first quarter of last year
The WGC report revealed net buying by central banks more than doubled from the previous quarter, adding over 84t to official gold reserves during Q1 2022
The lender’s quarterly group net profit, equalling Dhs5.1bn, rose 107 per cent year-on-year from Dhs2.5bn recorded in Q1 2021
The bank’s total income reached Dhs3.01bn, recording growth of 6 per cent year-on-year compared to Dhs2.84bn achieved in Q1 2021
Americana operates restaurants for brands including Baskin Robbins, Costa Coffee and TGI Fridays as well as KFC and Pizza Hut, according to its website
The bank’s operating income for Q1 2022 reached Dhs412.8m, up 14.6 per cent compared to compared to Dhs360.2m recorded during a year-earlier period
The merged company would benefit from cross-selling opportunities via increased geographic footprint and via capitalising on larger underwriting capacity
The agtech company will use the funds for its global and regional expansion plans, including the expansion of its fresh produce business in the GCC
ADCB reported that its Hayyak onboarding app registered a record number of around 57,000 new customers in a single quarter
The country posted a budget surplus of $545m in the first two months of this year
The funding will cover the construction of up to 453 villas and 133 townhouses as part of the Phase 1 development of Jubail Island
The company processed $640bn in payments in 2021