The bank’s strategy involved direct and indirect financing of 1,350 SMEs across priority sectors
Including the employee tranche, retail investors will represent 9.2 per cent of the deal
ADGM’s hackathon is seeing participants explore innovative ideas around themes of ESG, embedded finance and decentralised finance
Demand for call options that give the right to buy the cryptocurrency in the future has climbed this month as Bitcoin’s spot price rallied
US inflation-adjusted consumer spending declined in February
The FTSE ADX 15 Index will include 15 of the largest and most liquid companies listed on the Abu Dhabi Securities Exchange
Corporates will be able to trade and finance carbon credits like conventional financial assets
The coin has added 15 per cent over the past week
Muscat Clearing and Depository finalised measures to open up the market
Bitcoin is well above its 50-day moving average, which currently sits around $41,085
Regional and global M&A activity witnessed strong growth last year
The online portal, which guides users through the complex process of finding the right broker, features objective broker and trading platform evaluations
In 2021, Multiply Group acquired stakes in UAE-based assets and international high growth firms such as Firefly, Savage X Fenty, Getty images and Viola
The investment has been made through its subsidiary Alpha Dhabi Partners Holding
The group’s revenues crossed the EGP6 billion mark for the first time
The Emirates NBD Etihad Guest Visa Credit Cards are available as Elevate and Inspire variants
The price range is set between Dhs2.25 and Dhs2.48 per share, implying a market capitalisation of between Dhs112.5bn and Dhs124bn
The fund will invest in companies developing emerging technologies or improving existing ones in key sectors
Discussions are ongoing, but no advisers have been hired
The fund claims to be the largest venture debt fund in the GCC
Riad Salameh is also under investigation in France and Switzerland
Nahdi’s IPO is the largest listing in the kingdom since Saudi Aramco raised almost $30bn in 2019
The International Monetary Fund estimates Bahrain needs oil prices of around $107 a barrel to balance its budget
The bank’s shareholders also elected a new board of directors
ADGM’s FSRA has published a paper proposing wide-ranging amendments covering virtual assets, securities, derivatives, commodities and benchmarks
Speaking to Gulf Business, Amir Nagammy, Wizz Financial co-founder and group chairman delves into the company’s expansion plans and the disruption within the payments space
Shuaa joins existing investors Riyad Capital and UK comparison website GoCompare
Clients are increasingly seeking the advice of asset managers who possess a rich knowledge of local and regional market dynamics
Investors continue to seek a store of value amid the uncertainty
The kingdom’s real GDP grew by 6.7 per cent in the fourth quarter of 2021