The growth plan comes as Isbank marks its 100th anniversary and as Turkish authorities seek to stamp out soaring inflation with high interest rates
We profile some of the most iconic Indian business titans based in the Gulf, highlighting their journeys and achievements
The private bank has grown its assets under management to $116bn as at end-September 2023 from about $20bn in 2010
The milling is offering the shares in two tranches — to institutional investors and retail investors — between September 1-19
The dirham stable coin will be accessible globally and “fully backed” by liquid UAE-based reserves
The Bayesian, a 56-metre yacht flying the British flag, was carrying 10 crew members and 12 passengers when it sank off the coast of Sicily
Gold has gained nearly 22 per cent so far this year with geopolitical tensions and uncertainty created by the upcoming US elections
The shares were sold to the Endowment of Sheikh Sultan bin Mohammed bin Saqer Al Qasimi, the Sharjah Social Security Fund and Sharjah Islamic Bank
The sovereign wealth fund said it recorded more than OMR1.7bn in profit and contributed OMR800m to the state’s general budget
The perfume retailer is offering 7,500,000 shares to investors—equivalent to 30 per cent of the company’s paid-up capital
This collaboration marks Emirates NBD as the first bank in the UAE to integrate an independent ratings agency into its voluntary carbon market trading operations
Enthusiasm over a likely interest rate cut by the US Federal Reserve in September propelled bullion to an all-time high of $2,509.65 on August 16
SEDCO Capital’s new fund is expected to attract both local and international investors, offering them a vehicle to tap into the growing Saudi market
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Sectors such as clean energy, metals and minerals, transport and logistics, and digitalisation are expected to see significant funding as part of the kingdom’s economic diversification efforts
Both exchanges will explore cooperation on dual-listing, ETFs, mutual display of indices, and fixed-income products
Soliman’s resignation had been anticipated, with one government source saying Egypt’s political leadership wanted to introduce fresh faces into key positions, as part of a broader reshuffle
ADNOC Drilling is the largest drilling and integrated services company in the Middle East
The agreement is expected to strengthen cross-border market activity between the two markets
The financial hub issued 1,271 new licences in H1 2024, a 20.5 per cent increase compared to the corresponding period a year ago
Deliberations between ADQ and Bank Audi are reportedly ongoing, and no final decisions have been made
Eight out of the 14 MENA IPOs in Q2 2024 delivered positive returns by the end of June, with Miahona Company achieving the highest gain of 90.4 per cent
Adani Enterprises is looking to launch a $1bn share sale by mid-September, having shelved a record $2.5bn offer in the wake of Hindenburg’s first set of allegations
The takeover of the platform has the backing of co-founders and top shareholders Peter Hargreaves and Stephen Lansdown
This move is part of the UAE’s ongoing efforts to enhance its legal and regulatory framework in the fight against financial crimes
The ministry of finance said its inspections of the refineries uncovered 256 violations, eight for each refinery
The UAE is leading the charge in technological innovation and embracing the digital economy through forward-thinking digital asset regulation
Leading the pack is the Saudi Exchange (Tadawul), with a market value of $2.68tn, solidifying its position as the largest in the region
The newly formed global trading and trade facilitation company will cover trade finance, consulting, commodities exchange and trade insurance
Market watchers called worries of a recession in the US economy “not in line with economic fundamentals”