Salaries and subsidies in the 2020-21 fiscal year accounted for 73 per cent of spending
Other tokens like Binance Coin, Cardano, XRP and Dogecoin are also rallying
The board always includes the finance and oil ministers, as well as the central bank governor and finance ministry undersecretary
Investment in solar projects was up 9 per cent to a record $78.9bn in the first half
Participating universities will be announced over the coming months
Since 2015, the PIF’s assets under management have risen to $430bn from about $150bn
The funding will be used to expand tabby’s product portfolio and launch in new markets
Via the programme, the authority will grant eligible not-for-profit organisations and social enterprises funding of up to Dhs200,000
The programme is run by the Abu Dhabi Housing Authority
The declines put Bitcoin back in the top end of a $30,000 to $40,000 trading range
PwC based its results after deducting tax and social security obligations
It follows the establishment of a task force led by the Abu Dhabi Department of Economic Development which coordinated its efforts with over 20 government entities
The improved credit outlook prompted the bank to pay an interim dividend of 7 cents a share
The cryptocurrency has, this week, risen back above its 50- and 100-day moving averages
The price of Brent crude averaged over $73 a barrel in June
Its total revenue grew 3.4 per cent to Dhs2.644bn compared to Dhs2.557bn in H1 2020
Total income declined 9 per cent year-on-year to Dhs11.54bn
The fund projects Bahrain’s economy will grow 3.3 per cent this year
Bitcoin remains some $27,000 off its mid-April high of almost $65,000
Business setup and licence renewal fees have been reduced to Dhs1,000
In this exclusive interview, Raghu Malhotra, president of Mastercard Middle East and Africa speaks of the importance of financial inclusion, of leveraging key technologies and offers advice to leaders on handling a crisis
Musk said Bitcoin mining is “shifting towards renewable energy” and his company will likely resume accepting it as payment for electric cars
Narratives that had propelled Bitcoin to a mid-April record of almost $65,000 are now being questioned
McLaren, controlled by Bahrain’s Mumtalakat, has been hit by the pandemic
EGA is the Middle East’s biggest aluminium producer and is equally owned by Mubadala and Investment Corporation of Dubai
For the private or state investor, there are three ways to make a deeper ESG impact
The fund has vowed to invest more in Asia and the US as it pursues growth and diversification after years of substantial investment in Europe
Abraaj, which was headed by financier Arif Naqvi, went into liquidation in 2018
Mubadala sold 975.9 million Yahsat shares, representing a 40 per cent stake, for Dhs2.75 each
Launched in 2017, Speero is a digital platform for automotive after-sales