The first biomethane plant will have a capacity of up to 100 GWh and will feed Cepsa’s planned green hydrogen and biofuels facilities
The Islamic bank recently unveiled 2030 emissions reduction targets for six key portfolio sectors including home and auto finance
The new fund attracted 188 investors from Europe, the Americas, the Middle East and Asia
Under Vision 2030, Saudi Arabia has poured hundreds of billions of dollars through the fund into projects, including NEOM
Saudi Arabia emerged as the leading issuer, accounting for $3.98bn from five sukuk, while the UAE contributed the remaining $2.25bn
The Abu Dhabi office will be primarily focused on capital raising across AXA IM Alts’ private and alternative assets range
The service will enable Mashreq’s retail customers to make peer-to-peer global payments in select markets across Asia, Europe and the Americas
Exchange rates will be updated twice a month, allowing traders to stay abreast of the latest currency valuations, without delays
The investment will accelerate the Gulf Mercantile Exchange’s growth as a regional commodities leader well-positioned to capture global commodity demand
The company was part of a wider privatisation programme under Saudi Arabia’s Vision 2030 strategy aimed at diversifying the oil-dominated economy
With Oracle’s common data platform, Mashreq said it will also have the infrastructure needed for advanced analytics, compliance, and strategic decision-making
The debt is rated Aa2, the third-highest investment grade, by Moody’s and one step lower at AA- by Fitch Ratings
The PPP Manual and the Sandbox Conditions regulation are crucial steps in the UAE’s strategy to build the country’s business ecosystem
HSBC said its WorldTrader platform connects to 77 exchanges across 25 markets
Investors can subscribe to the ETF units, during the offering period, which runs until July 2
The index will provide a deeper understanding of the role and impact of family businesses on the economy and society
Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal
Investors should assess their portfolios, consider strategic adjustments to mitigate risks and capitalise on opportunities, advises the head of Strategy at Saxo Bank
National banks accounted for 90 per cent of the combined credit to the two sectors, while the remaining 10 per cent (Dhs84.3bn) came from foreign banks
The conglomerate said the rationale behind the buyback is driven by its robust financial standing, characterised by significant cash flow and a strong balance sheet
The top countries contributing to Bahrain’s FDI stocks as part of a diverse portfolio include Kuwait, Saudi Arabia and the UAE
These projects, led by the Ministry of Finance, are part of the UAE’s comprehensive strategy to future-proof its economy and reinforce its status as a leading global financial hub
The report shows a significant increase in HNWI migrations, highlighting a growing trend of millionaires seeking stability and opportunity in favourable jurisdictions
By leveraging Payrails’ platform, Careem can route payments along the most strategic paths, driving higher payment conversions and simplifying the checkout experience for its customers
The stock exchange said that the listing will be in three tranches, starting on June 21
Through the ETF, investors in China will be able to trade Saudi stocks including Saudi Aramco and Saudi National Bank
The proceeds from the facility will be used for general corporate funding purposes and trade finance requirements of NBE, providing essential support to its operations and growth
This launch marks a major milestone as the first fund structure to be made available to UAE investors under the new UAE regulatory regime for public funds
The tech giant said its new solution will enable it to bring flexible payments to more users, in more places across the globe
The money-management firm oversees $275bn for more than 150,000 clients including individuals and institutions