The cryptocurrency has risen 16.3 per cent so far this year, on Monday touching its highest since December 27, 2021
The alternative investment firm listed Investcorp Capital on the Abu Dhabi exchange last year, defying a depressed market for IPOs
A dedicated specialist will conduct a comprehensive review of the applicants’ business followed by the joint steering committee’s review for inclusion in the initiative
The UAE consolidated its status as the preferred destination for investors due to its business-friendly regulations and efficient legal framework
The company attributed the growth to its highest-ever quarterly development sales of Dhs8.5bn in Q4, with full-year sales reaching a record Dhs27.9bn
The joint venture seeks to acquire minority stakes in private market investment managers with fee-paying AuM of less than $10bn
Savola’s board has approved the rights issue and the distribution of Almarai shares
The company appointed HSBC as the sole financial adviser, global coordinator and lead manager on the deal and Emirates NBD Capital as joint book runner and underwriter
The new office presents an opportunity for the company to explore new partnerships and investments
The UAE is ushering in a new era of regulatory oversight for virtual asset activities. We speak to Karm Legal Consultants about what this means for virtual asset service providers
Saudi Arabia has emerged as the largest insurance market in the GCC surpassing the UAE
Diversification into new sectors and strategic acquisitions fuelled growth, with preliminary net profit remaining strong at Dhs32.75bn
The waiver applies to all new and repeat issuers who make a relevant application to the financial regulator
Paytm’s stock plunged 36 per cent in the two days following the RBI’s move against its bank wiping $2bn off its market value
Net interest income in the fourth quarter increased by 17 per cent year-on-year to Dhs3.41bn
More than one-third of companies have plans to raise wages by up to 5 per cent
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Dubai lives up to its reputation as the ‘City of Gold’, hosting 72,500 millionaires, 212 of whom are centi-millionaires and 15 billionaires
Despite global dealmaking challenges in 2023 the Middle East will continue to be a global bright spot for transactions in the year ahead
Facilitated through the multi-CBDC platform ‘mBridge’, the transaction utilised central bank-mandated digital currencies for international fund transfers
The bank’s non-interest income reached Dhs3.1bn in 2023, up 13 per cent compared to the previous year
This trend encourages users to boldly express their budget constraints and rethink their spending habits
Bond investors are presented with the opportunity to lock in one of the highest yields in more than ten years
With the unveiling of Budget 2024 just round the corner, the NRI community hopes that the Tax Deducted at Source (TDS) process as well as the tax bracket is re-worked to provide relief
The fintech platform is currently in discussions with multiple UAE banks about rolling out its solutions
The Dubai-based lender proposed a dividend of 120 fils per share for last year, doubling the amount paid to shareholders in 2022
The regulator licenced and registered a record-breaking 117 firms during the 12 months. This reflected an increase of 25 per cent from the previous year.
The triple-tranche bond sale generated strong demand, with orders worth over $27bn
Abu Dhabi Islamic Bank is actively working on prioritising substantial investments in renewable energy, clean technology, and eco-friendly projects
The trading platform will be rebranded the Gulf Mercantile Exchange and expand in energy, metals and agricultural products as part of the deal