The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year
At the start of the year, it was valued at $4.1bn
MidChains is expected to launch trading operations in 2020, subject to FSRA approval
DFM had announced the temporary closure of the premises on March 16 in the wake of the Covid-19 pandemic
The fund will provide in-kind services including marketing and advertising support across platforms of Motivate’s leading titles
Little more than $1 trillion of deals have been announced this year, making for the slowest first half since 2012
The listings consist of a 10-year issuance of $1bn and two issuances of $750m each
The new law will cement the centre’s position as well as enhance its data protection practices
There is a total of $71.09bn sukuk now listed on the exchange
The payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World
SMBC Nikko’s overseas operations earned $143m before taxes in the year ended March
The stockpile climbed by about SAR3bn ($800m) to reach $445bn
The KSE 100 index, which dropped after news of the attack, gained 0.1 per cent at 11.40am in Karachi
Sheikh Mohammed and Sheikh Hamdan paid tribute to the founder of the world’s first Islamic bank
The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets
The bank is offering the Skywards Infinite Card, Etihad Guest Premium Credit Card, and the free for life Cashback Plus Visa Signature Credit Card and RTA Credit Card to healthcare professionals
The combined bank would have total assets of about $210bn, making it the third largest in the region behind Qatar National Bank and First Abu Dhabi Bank
Regional governments are stepping up efforts to transition to sustainable building practices
The kingdom unveiled a second $13.3bn stimulus package to protect lenders against an expected drop in profits and rise in bad loans
The programme will support and train 1,300 women entrepreneurs through a series of virtual training sessions
The latest listing raises the total value of sukuk listed in Dubai to $69.29bn
These will be perpetual contracts that are automatically rolled over at the close of the trading day if an open position still exists
This year, Oman trimmed its budget expenditure and announced liquidity support in an effort to provide some relief from the Covid-19 shock
The $232bn fund is looking at India, China and Southeast Asia for potential investments
UAE-based Finance House offers the Al Rabeh Guarantee service to support local businesses
Mubadala may also dispose of some residential buildings in the United Arab Emirates’ capital
More than 140,000 eligible customers have already benefited from the TESS liquidity facility
The investment firm could raise more than $3bn through a five-year loan
Gross domestic product is expected to shrink the most in two decades this year
The sukuk was nearly 4.5 times subscribed with a profit rate of 2.95 per cent per annum