The Kuwaiti stock exchange plans to introduce a central counterparty service for the cash market by the end of the year
These packages were introduced to ease the financial burden on businesses in the emirate during the Covid-19 pandemic
The passenger service will connect 11 cities and locations in the UAE and is expected to carry over 36.5 million passengers annually by 2030
Deliberations are ongoing and no final decision has yet been taken
The initial public offering’s price range has been set at SAR58-63
The agreement will facilitate inter-exchange trading and put in place procedures for dual listings in the UAE and Kuwait
Reported revenue was down 2 per cent to $49.6bn, impacted by lower global interest rates and a decrease in revenue in markets and securities services
A non fungible token is a scarce, verifiable, secure asset with proof-of-ownership at its core
In a first for a full-service digital asset bank in the UAE, it received a nod from the Abu Dhabi Global Market Financial Services Regulatory Authority
The funds will help PDG strengthen its presence in Japan, India, Singapore, China and Indonesia
Through the partnership, noon payments will offer SMEs extra support with zero setup costs, reduced monthly fees and access to advanced gateway features
Investors should avoid growth stocks or companies with a high valuation
The largest cryptocurrency dropped as low as $36,831 on Tuesday morning
GCC banks are paving the way for a promising year
What investors can look forward to this year
The bank reported its income grew by 3.5 per cent to $2.44bn
Supply chain disruptions, government stimulus and adverse weather have all contributed to market tightness last year
Lex Mundi’s Global M&A Trends Report 2022 predicts as much, if not more, deal activity in both public and private mergers and acquisitions this year
The key to a strong relationship with investors is offering them best-in-class support, explains the company’s CEO and chairman Bal Krishen
Last year, the financial centre also recorded its highest ever annual revenue and operating profit
Digital banks have taken off with the spread of finance technology in Middle East
The Saudi cabinet approved a licence for D360 bank on Tuesday
Mastercard has partnered with Payment International Enterprise to launch Flooss across Bahrain and the region
The issuance was oversubscribed by more than 2.5 times
It follows Israel and the UAE normalising relations in 2020
The region’s M&A deal volumes for FY 2021 were up 58 per cent from 2020
Looking to invest in crypto assets? Talal Tabbaa advises starting small, paying attention to trends and adopting a long-term outlook
Mubadala Capital manages over $10bn of assets in third-party managed funds across its Brazil, private equity, public equities and venture capital businesses
The deal will see Apollo take a direct minority stake in Aldar Investment Properties at its net asset value
Several trends emerged over last year