The ban is effective immediately and will last until September 22
The central bank’s foreign assets increased 0.4 per cent year-on-year
The transaction is the first combined equity and exchangeable bond offering in the GCC
Plans have already been approved to expand the size of the Innovation Hub four-fold to cover 315,000 sq ft
EFG Hermes agreed to buy a stake in FIM Partners in 2017
The investment values Zeta at $1.45bn
Driving real value from a merger or an acquisition lies within the integration and orchestration of the IT estate
Older generations are also becoming more exposed to technology solutions that commoditise product offerings
The transaction will be structured as a capital increase that will raise the paid-in capital of the bank to EGP5bn
DAFZA signed an agreement with the SCA to support the regulation, offering, issuance, listing and trading of crypto assets within the freezone
Dubai SME will provide a package of incentives for those who obtain financing via the new platform called Dubai Next
The cryptocurrency is now down around 40 per cent from its record of almost $65,000 set in April
Al-Khatib will be responsible for Citi’s regulated business in Saudi Arabia
The funding will be used initially on developing the company’s service offerings
Hatch & Boost is an Abu Dhabi-based venture builder dedicated to hatching startup ideas and boosting them into scalable ventures in the Middle East
The fuel retailer will now be among nine UAE-listed companies to be part of the index
The Dubai Financial Market General Index jumped 0.8 per cent as Emaar advanced as much as 2.8 per cent
The bond issuance which saw demand from local and international investors was six times oversubscribed
They will be listed on the exchange’s Second Market in Q2 2021
Al-Emadi was named finance minister a day after Sheikh Tamim bin Hamad Al Thani took over leadership of the country in June 2013
For 2020, Mubadala said its total comprehensive income rose to Dhs72bn
The platform is expected to help Mashreq respond more efficiently to the funding needs of local businesses and address capital diversification too
GCC states have the discretion to zero rate and exempt certain categories of supplies and Oman has used this discretion
ADNOC is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to $10bn
The new minister, Faisal Alibrahim, had been vice minister of economy and planning since 2018
Its revenue increased 3.3 per cent to Dhs1.33bn
Net proceeds from the sale of the notes will be used to repay outstanding debt
Public revenue was OMR1.82bn at the end of March
Banks and FI’s are in a position to play a key role in accelerating the transition to a low carbon economy
GDP growth in the GCC countries will slowly recover from last year’s sharp recession