The Public Investment Fund has stepped up deal-making in a bid to become the world’s biggest manager of sovereign capital
The US has long been the top source for outflows, with other major countries including the United Arab Emirates, Saudi Arabia, Switzerland, Germany and Russia
Total income for the first quarter at Dh6.88bn remains fairly unchanged from Dh6.87bn in the preceding quarter
The order does not include those Emirati employees who have resigned or breached job duties that require letting them go
Technology and digitisation of businesses is no longer ‘nice to have’, but is a necessity in a business capacity as well as for personal banking and trading
In the first quarter of this year, 62 venture capital funds raised a total of $21bn in the US
From April to June 2020, retailers of all types based in Gate Avenue, Gate Village and Gate District will not be required to pay basic rent
ADCB is owed $963m by Abu Dhabi healthcare group NMC, which has now been placed under administration
Saudi Arabia is offering the 40-year tranche at about 5.15 per cent
The listing, scheduled for April 19, has been postponed until further notice
As much as $505,000 has been allocated to projects in the UAE, which is expected to reach around 13,720 people
The company has no plans to cut capital expenditure in response to the coronavirus infection
Clients can access the new digital feature from the safety of their homes or offices to submit an export collections request
Emirates Islamic is the first Dubai-based financial institution to contribute to the fund launched by the Islamic Affairs and Charitable Activities Department
The fund last month built an 8.2 per cent stake in cruise operator Carnival Corp. after shares slumped due to the fallout of the coronavirus pandemic
Small and micro businesses make up more than 90 per cent of worldwide businesses, contributing 50 to 60 per cent of global employment
Certain fees have been waived and extensions have been granted for some of the processes
By law, 10 per cent of state revenue is annually transferred into the Future Generations Fund, which invests abroad and has adequate liquidity to meet any requirement
Dubai Islamic Bank is in talks with NMC’s other main creditors and advisers to ascertain the hospital operator’s financial position
Saeed replaces Mubarak Rashed Khamis Al Mansoori who occupied the post since 2014
Placing the company in administration would create “considerable downsides” on the community, country, the company and its creditors, said Belhoul
Banks, having recognised the need for the integration between finance and technology, have had to re-assess their digital strategies and collaboration with third-party service providers to stay relevant
ADCB had total assets of Dhs405bn at the end of last year
The lender, the third largest in the UAE, is also participating in a package of financial incentives
Central banks around the world have unveiled emergency stimulus packages
Kuwait was downgraded one level to AA-, with S&P maintaining a stable outlook
A number of executives have exited Deutsche Bank’s Middle East operations in recent times
The move comes despite the economic impact of the Covid-19 pandemic
Fintech has grown in momentum and usage and unsurprisingly, global trends reflect the same
Banks must also provide disposable latex gloves to its customers using the ATM machines