Its total assets reached Dhs39.1bn compared to Dhs39.9bn at 2020 year-end and Dhs43.3bn as at March 31, 2020
Biodiversity and climate change are deeply connected by the simple fact that our economy relies on natural capital
The financing is the first riyal-denominated credit facility to receive green financing accreditation
The company could be valued at about $7bn including debt in the listing
Emirates NBD Capital led 24 transactions in Q1 2021 raising over $18bn
Operating expenses of Dhs1.061bn decreased 20 per cent year-on-year and 1 per cent sequentially
The Canadian fund is also looking to work closely with lenders in the region
Citigroup ultimately plans to exit retail-banking operations in Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam
The company raised $6m in seed funding at the start of this year
CoinMENA is a fully-regulated, onshore, and Sharia-compliant crypto assets exchange
Automating the trade financing platform will enable banks to benefit in numerous ways, according to global IT firm Comarch
The acquisition will make FAB one of Egypt’s largest foreign banks by assets with pro-forma total assets of over $8.5bn
DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange
The Contour blockchain platform enabled end-to-end digitisation of the documentation required to import flat carbon steel
Banks can draw on the facility to provide new loans and financing
The bank’s operating profit dipped 12 per cent y-o-y to Dhs319m
The highest ranked Arabs originating from Kuwait in Gulf Business’ annual Arab power list
Net profit for the three months ended March 31, 2021, amounted to Dhs164.2m, compared to Dhs153.7m for the corresponding period last year
As economies remain volatile, investing smartly can help anyone achieve financial freedom, according to AIX Investment Group
The move is part of an ongoing review of the company’s strategy by its chief executive officer
The cabinet approved a draft law that will allow overseas investors to own up to 100 per cent of listed companies
Having a pension solution ensures that the employer sets aside a defined amount on a periodic basis for end of service benefits, opines Reena Vivek, senior executive officer, Zurich Workplace Solution
Tristar’s IPO was slated to be the second listing in three years on the Dubai Financial Market
Banks will have until the end of 2023 to implement the changes
The highest ranked Arabs originating from Qatar in Gulf Business’ annual Arab power list
The token rose as much as 4.3 per cent to $62,531
The highest ranking entries originating from the UAE in Gulf Business’ annual Arab power list 2021
The company had planned an IPO in 2018 or 2019 but it was pulled after then-US President Donald Trump imposed tariffs on aluminum imports from the UAE
The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list
Emirates will offer discounted fares for attendees of the Sharjah Entrepreneurship Festival and to startups relocating to the UAE through Sheraa’s initiatives