#finance
Yango Ventures aims to provide startups with resources to accelerate their growth while strengthening the tech ecosystem in emerging markets
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
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
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
Families can also access tailored financial products such as instalment plans and lending solutions, making it easier to manage expenses and plan for the future
Rising costs, intensified competition for deals, and mounting pressure on management fees are creating a more challenging operating environment, shows the latest Bain & Company’s report
Saxo Bank will continue to operate as a standalone entity, with its founder and CEO, Kim Fournais, retaining his leadership role and a 28 per cent stake
The VP of Comera Financial Holding shares insights on how Comera is shaping the future of digital connectivity and why localisation remains key to meeting the region’s unique needs
The sukuk was issued under the sukuk programme by RAK Capital, a special purpose vehicle affiliated with the government of Ras Al Khaimah
The YouGov survey also highlights that 68 per cent of UAE residents feel secure about their current financial situation.
The UK-incorporated platform will invest in venture capital (VC) stage companies developing physical and digital decarbonisation technologies
Strong investor demand allowed The Arab Energy Fund to increase the issuance from an initial $500m to $650m, with final book orders exceeding $935m
The funds are managed by FAB Asset Management, one of the largest MENA-focused asset managers with over 20 years of regional expertise
The SCA has announced a series of financial penalties against those companies since the beginning of January
With a modernised trading system, expanded product offerings, and advanced technology infrastructure, ADX Group is poised to become a central player in the global financial marketplace
The new Saudi Riyal symbol is inspired by Arabic calligraphy and aligns with the kingdom’s Vision 2030
Customers can send up to Dhs150,000 per transaction and Dhs450,000 monthly
DIFC is set to open a new Funds Centre in 2025, offering dedicated space for investment managers to raise capital and expand their operations
The forum included four key panel discussions covering budget preparation, the integration of modern technologies in financial planning, public-private partnerships, and international tax policies
Since its last funding round in October 2023, Tabby has nearly doubled its annualised transaction volume to over $10bn while maintaining profitability
Mashreq’s seasoned in-country teams combine deep local expertise with global capabilities to deliver sophisticated corporate and investment banking solutions
Digital-first solutions and advanced technologies are quickly becoming the norm, meeting the evolving needs of modern traders
Technology disruption, post-globalisation and shifting profit pools will drive dealmaking in the year ahead as interest rates and regulatory challenges are likely to recede, revealed the Bain & Company report
The executive order mandates the delivery of a comprehensive plan for the fund’s establishment within 90 days
Ajman Bank’s strong performance in 2024 is highlighted by its total operating income of Dhs1.5bn and net operating income of Dhs736m
The decision follows the US Fed’s latest move to hold rates steady, signalling a cautious approach toward further tightening amid evolving economic conditions
The acquisition of a stake in a premium gas pipeline infrastructure asset marks significant investment by Lunate in energy infrastructure and strengthens its real assets portfolio