The investment deal between MGX and Binance utilised USD1, a World Liberty-issued stablecoin on the Binance blockchain
Cryptocurrency prices surged to a record high after his election win, but have fallen this year
The MENA non-oil importers are now expected to see real GDP growth of 3.4 per cent in 2025, versus an earlier forecast of 3.6 per cent
The stablecoin is intended for use across a wide range of applications, from individual consumer payments to advanced digital use cases such as AI and machine-to-machine transactions
The results come as FAB undergoes a restructuring aimed at strengthening its business in the Gulf and boosting shareholder return
A joint initiative concerning Syria has been announced by Saudi Arabia and Qatar
In an exclusive conversation, Suzan Kereere, president of Global Markets at PayPal, shares how the company’s new regional hub in Dubai fits into its global strategy
Bahrain’s financial situation have prompted S&P Global to downgrade its outlook
The whitepaper, titled ‘The Multi-Family Office Advantage’, was launched at a roundtable hosted by Lighthouse Canton in collaboration with the DIFC’s Family Wealth Centre
Saudi Arabia is gearing up for its first major sale of non-performing loans — a pivotal move signalling its commitment to global financial standards
ADX’s market capitalisation climbed by 3.2 per cent year-on-year to exceed Dhs2.93tn at the end of Q1 2025
Speaking at the 19th EFG Hermes One-on-One Investor Conference in Dubai, Awad said global investor sentiment had been shaken by rising uncertainty
Japan’s Nikkei sank 6.6 per cent to hit lows last seen in late 2023, while South Korea dropped 5 per cent
The new regulation clarifies when non-resident investors in QIFs and REITs are subject to corporate tax under the country’s tax law
By leveraging a proprietary AI-driven credit scoring model that incorporates alternative data, ADVA has successfully underwritten first-time borrowers
EY’s GCC Banking Sector Outlook predicts sustained growth, driven by resilient economies, transformation plans, and robust demand in 2025
The new currency note is made of polymer and features an innovative design and advanced security features
Khanna discusses how shifting geopolitical landscapes, rapid technological advancements like AI, and the urgent need for sustainable investing are reshaping investment strategies
The new offering complements Hubpay’s existing business solutions, including a digital business account that reduces standard account processing times to under 24 hours
The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday, maintaining the federal funds rate at 4.25 to 4.5 per cent
In line with the listing plans, EFG Holding will distribute shares in Valu, equivalent to a 20.488 per cent stake in the company, to its shareholders based on the book value of the shares
In 2024 the committee paid 68 per cent of the maximum bonus amount, which was not disclosed by the bank, lower than in the previous two years
To effectively manage and mitigate risks arising from climate and other factors, it is crucial for banks to modernise their systems, for now and the future
According to the latest GCC-Stat data, the total labour force in GCC countries reached 31.8 million, representing 54.2 per cent of the total population
The group will launch several mixed-use real estate projects in the UAE while remaining focused on the timely execution of projects in hand
The proceeds will be used in line with Aldar’s Green Finance Framework to refinance sustainability-accredited real estate within AIP’s portfolio
The entity, a leader in enterprise blockchain and crypto solutions, will be the first blockchain-enabled payments provider licensed by the DFSA
Noor Sweid, founder and managing partner of Global Ventures, discusses the MENA region’s entrepreneurial growth, the future of innovation and her book
The transaction aligns with Impact46’s investment strategy of supporting high-growth, early-stage companies
GCC investors will remain on the radar of large companies that aim to raise money outside of the traditional banking system or capital markets, especially when interest rates are high