The proceeds of the loan are being used to purchase buses from Germany for the kingdom’s public transport network
The IPO could happen next year, depending on how quickly the company recovers from the impact of the coronavirus outbreak
The platform provides access to stock exchanges in the US, UK and Hong Kong
Jiaozi Fintech Dreamworks and DIFC will collaborate on key sectors such as blockchain, artificial intelligence, big data and cloud computing
Majority of UAE investors said they were optimistic about the global economy
An official within the government added that the “issue is fundamentally not for discussion”
The bank’s total income worth Dhs6.8bn for the first half of 2020 also fell 2 per cent from Dhs6.98bn in H1 2019
The perpetual bond is callable after six years and pays a coupon of 6.125 per cent
New structure reduces fees and provides an alternative for local financial institutions traditionally reliant on international brokers
The Central Bank and UAE-based banks confirmed that they do not request such information from consumers
Mastercard expands its Accelerate programme, making it easier for cryptocurrency and crypto card partners to join
Kuwait raised $8bn in March 2017 in its first sale of international bonds
Net interest income worth Dhs9.3bn improved 36 per cent year-on-year in H1 2020
Al-Futtaim Group will be extending this feature to its retail stores, other brands and business units across the UAE by the end of 2020
Regional fintech startups hold tremendous room for growth
The restructure follows the appointment of Abdulhamid Saeed as governor in April
The exchange in the capital of the United Arab Emirates is close to setting up a central clearing house
The capital raised by the sukuk will be used for general corporate and growth purposes including refinancing debt
Investing requires a long-term approach to yield better results, opines entrepreneur and investor Shailesh Dash in his new series
As Covid-enforced social distancing measures became commonplace, Bahrainis turned increasingly online to conduct financial services
The stock exchange is planning to complete its own share sale within the next 24 months
The key for investors is to find the asset mix that not only improves their returns, but more-so their decision-making process
It covers the payment of instalments and interests over the period from January 1 to December 31, 2020
These offers include a reduction on the profit rate and pricing discounts on some of the bank’s financial products
The stimulus package aims to support small and medium enterprises and a number of strategic sectors
These four financial moves can help tide you through challenging times
There are more than 70 listed banks in the six-nation Gulf Cooperation Council
The Central Bank of the UAE has said that the support provided to non-profit organisations is expected to increase in 2020
The directive had introduced new measures for employees and businesses related to their workforce
With regional businesses now allowed to return back to offices, how are they handling the transition?