GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf states’ currencies are pegged to the dollar
Türkish companies’ end-2023 balance sheets will be inflation-adjusted, with the practice expected to continue until 2026
The new Dhs500 note highlights the UAE’s cultural and tourism landmarks and ‘models’ of sustainability
Some investors also expect a widening crisis could prompt safe-haven buying of Treasuries
Profit for the quarter was Dhs5.2bn, roughly in line with analysts’ median estimate of Dhs5.18bn
The US and China showed signs of growing somewhat faster in the third quarter after a pronounced slowdown in the first half of 2023
The Commercial Bank delivered a record net profit of Dhs1.9bn for the first nine months of 2023
ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi’s global tech ecosystem
The meeting discussed the array of opportunities available for global investors and international companies within the UAE
Democrance helps insurers increase their digital sales and access new customer segments
The subscription will be open from November 2 to November 9
Geopolitical tensions heightened by the Middle East crisis pose the biggest threat to the world economy
The SCA-regulated fund will offer local feeder access to Blackstone’s US and European private credit strategies
Heads of state, CEOs, financiers, and policy experts, to discuss the challenges in light of rising global economic and geopolitical unrest
As Israel and Gaza have erupted in violence, multinational companies operating in the country have had to scramble to protect their employees while continuing operations
The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022
The fundraising in Q3 2033 contributed to $1.4bn raised through 286 transactions in the first nine months of the year
Participating card issuers and acquirers in UAE, Saudi Arabia and Qatar will be able to offer cardholders flexible and transparent payment plans at merchant checkouts, both in-store and online
The government has been looking to tap less conventional sources of finance since a foreign borrowing spree caused its repayment schedule to balloon
UN Secretary-General António Guterres, in a statement, urged forum participants to put the SDGs Stimulus Package into effect
The mining index rose 1.3 per cent as prices of base metals were lifted by hopes of stronger demand from China
The proceeds from the sukuk issuance will be used to fund eligible green projects in line with the company’s recently published sustainable finance framework
The web3 company is piloting the Fluent Economic Bridge platform in Kenya and plans to develop a digital trade corridor with the UAE
The IMF and the World Bank, which are holding their annual annual meet in Morocco said the ongoing violence in Israel threatened to darken the already tepid global economic outlook
The bank’s deposit base rose by 4 per cent between January and September to reach $226bn
Birkenstock is the fourth major company to launch a US IPO in the last four weeks
The 10-year notes, which were 5.6 times oversubscribed, carry a 4.87 per cent coupon rate and will mature in July 2033
Food security is one of the five priority sectors that the development bank supports to contribute to the country’s national development agenda
Big US investors such Texas Teachers’ Pension and California State Teachers’ Retirement System have cut exposure to Chinese equities
The fund is looking at opportunities in the private credit market, as banks become more cautious about lending due to rising financing costs