Investcorp confirmed the purchase in a stock market filing
With the pandemic upending the business landscape, what are the trends that we should look out for?
Total income of Dhs23.2bn improved 4 per cent year-on-year
Al Rostamani will takes over from Andre Sayegh
The price of Brent crude is still below what most of the region’s economies need to balance their budgets
Customers can browse, assess and invest in Investcorp’s investment offerings
The relations between Israel and the UAE will have omnipresent long-term benefits through their similarities
Ahmed Alkholifey is being replaced by Fahad Al-Mubarak, who was central bank governor from 2011 to 2016
Amidst the many challenges of 2020, Lulu Financial Group is determined to advance its objective of financial inclusion through technology and collaborative partnerships
PIF aims to grow its assets under management to over $1.07 trillion by the end of 2025
In December 2020, Finablr agreed to sell off its business to an Israeli-UAE consortium for $1
At launch, CoinMENA’s platform will be available to residents of Bahrain, the UAE, Saudi Arabia, Kuwait and Oman
The Kuwait Banking Association said in June that there would be no distribution of dividends to shareholders for 2020
Open banking offers potential for better customer experience and additional revenue streams
The proceeds will help strengthen Bank Audi group’s capitalisation and financial resilience
The Gulf Arab kingdom is selling benchmark-size seven-year debt, 12-year securities and/or notes maturing in 30 years
The wealth fund holds stakes in some of the world’s top companies
Bank plans to quadruple wealth clients in five years
The UAE, Egypt and Saudi Arabia accounted for 68 per cent of the total deals disclosed in 2020
Digitisation is underway and accelerating in the Middle East – but what are the key technologies being deployed?
The fund is reshaping its structure to focus on four business platforms: UAE investments, disruptive investments, direct investments and real estate and infrastructure
First Abu Dhabi Bank opened books on a $500m five-year sukuk
The relocation plan is expected to be completed in three phases by October this year
The 26 stocks recommended over the past five months have seen stellar returns, states entrepreneur and investor Shailesh Dash, who shares his market perspective in this monthly column
The country last year announced it would impose a 5 per cent VAT in an effort to bolster the economy
Investors have pushed risk assets including stocks to sky-high valuations on expectations that widespread vaccine distribution in 2021 will reignite economic growth
As societies adopt more digital payment tools, it is important to bring along the 25 million locally who are still living in cash mode
The option to postpone installments is to be offered to all customers residing in the kingdom, whether individuals or companies
Oman’s central bank also said banking sector in the sultanate was “comfortably placed”
Centre Lane plans to use the capital to expand its private-credit and special-opportunities platforms and to increase capital commitment