#finance

Tony Hallside, CEO of STP Partners

SME story: How STP Partners leverages tech in its financial solutions

Tony Hallside, CEO of STP Partners, a full-service DIFC-based prime broker, discusses the firm’s innovative prime brokerage services, strategic successes, and future plans in the dynamic financial landscape

First Abu Dhabi Bank (FAB) reports robust performance in H1 2024 GettyImages

FAB posts record H1 profit of Dhs8.4bn amid strong revenue growth

The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn

84% of UAE investors likely to invest in future IPO offerings. For illustrative purposes

IPO appeal: 84% of UAE investors likely to invest in future offerings

Findings from Edelman Smithfield’s UAE Investor Pulse Survey 2024, show that 67 per cent of respondents agreed that having two distinct exchanges benefits the UAE capital markets

Masdar Raises USD1 Billion Through Second Green Bond to Fund New Global Renewables Projects

Masdar raises $1bn through second green bond issuance

Investor demand was strong, with the order book peaking at $4.6bn, representing an oversubscription rate of 4.6 times

‘Prioritise the fundamentals when investing', says SJP's Martin Hennecke

‘Prioritise the fundamentals when investing’, says SJP’s Martin Hennecke

St. James’s Place’s (SJP) head of Asia and Middle East Investment Advisory offers a strategic perspective on investments, the importance of diversification and the firm’s foray into Dubai

FAB refutes reports of $5bn Yes Bank stake as “unfounded”

‘Unfounded’: FAB dismisses reports of Yes Bank stake purchase

The UAE’s biggest lender by assets categorically denied that it is evaluating any possible offer for a stake in Yes Bank

ADGM unveils whistleblowing framework Image ADGM

ADGM’s new ‘whistleblowing’ framework to enhance market integrity

Entities within the centre are required to implement proportionate arrangements to support effective whistleblowing by May 31, 2025

How financial education can empower the future workforce

How financial education can empower the region’s future workforce

Enhancing the investment acumen of the next generation will serve a grander purpose – it will support the stability and sustainability of the region’s capital markets

Abu Dhabi: ADX lists Lunate's Chimera JP Global Sukuk ETF

Lunate’s Chimera J.P. Morgan Global Sukuk ETF lists on ADX

The ETF offers investors access to a diversified portfolio of Shariah-compliant corporate and government sukuks across several global markets

Investment firm Ardian raises $3.2bn for sixth co-investment fund

Investment firm Ardian raises $3.2bn for sixth co-investment fund

The new fund attracted 188 investors from Europe, the Americas, the Middle East and Asia

Saudi Arabia’s PIF swings to $36.8bn profit in 2023

Saudi Arabia’s wealth fund PIF swings to $36.8bn profit in 2023

Under Vision 2030, Saudi Arabia has poured hundreds of billions of dollars through the fund into projects, including NEOM

MENA sukuk sector rises in H1 2024 driven by ESG and sovereign issuances according to Bloomberg LP Image GettyImages

MENA sukuk market flourishes in H1, fuelled by ESG, sovereign issuances

Saudi Arabia emerged as the leading issuer, accounting for $3.98bn from five sukuk, while the UAE contributed the remaining $2.25bn

Fourth Milling Company plans to list 30% stake in IPO

Saudi Arabia’s Fourth Milling Company plans to list 30% stake in IPO, CMA says

The company was part of a wider privatisation programme under Saudi Arabia’s Vision 2030 strategy aimed at diversifying the oil-dominated economy

Abu Dhabi launches first-of-its-kind Family Business Index

Abu Dhabi launches first-of-its-kind Family Business Index

The index will provide a deeper understanding of the role and impact of family businesses on the economy and society

Evaluating the current tech rally: Is it time to reconsider your investment strategy?

Evaluating the current tech rally: Is it time to reconsider your investment strategy?

Investors should assess their portfolios, consider strategic adjustments to mitigate risks and capitalise on opportunities, advises the head of Strategy at Saxo Bank

Bahrain attracts recordbreaking FDI flows in 2023 Getty-Images-1471641887

Bahrain attracted record FDI inflows of $6.8bn in 2023

The top countries contributing to Bahrain’s FDI stocks as part of a diverse portfolio include Kuwait, Saudi Arabia and the UAE

UAE-MoF-announces-key-projects-toboost-competitiveness Photo-courtesy-WAM-MoF

UAE Ministry of Finance unveils key new projects to boost competitiveness

These projects, led by the Ministry of Finance, are part of the UAE’s comprehensive strategy to future-proof its economy and reinforce its status as a leading global financial hub

Abu Dhabi Government lists $5bn bonds on local exchange

Abu Dhabi Government lists $5.3bn bonds on local exchange

The stock exchange said that the listing will be in three tranches, starting on June 21

National Bank of Egypt secures $1bn syndicated loan

National Bank of Egypt secures $1bn syndicated loan

The proceeds from the facility will be used for general corporate funding purposes and trade finance requirements of NBE, providing essential support to its operations and growth

DIFC-based Aditum and scb partner on first of its kind fund structure -Image-WAM-DIFC

Aditum, SCB partner on new fund structure; 4 funds launched, 10 approved

This launch marks a major milestone as the first fund structure to be made available to UAE investors under the new UAE regulatory regime for public funds

Edmond de Rothschild

Edmond de Rothschild to open Saudi office and launch debt platform

The platform could help Saudi Arabia with its vast Vision 2030 plan

Emirates NBD and Citi partner to offer 24 7 USD cross broder payments _GettyImages-910730068-1-e1690091225134

Citi, Emirates NBD to launch round-the-clock USD cross-border payments

The service, initially available in Emirates NBD’s branches in the UAE and Saudi Arabia, aims to eliminate payment flow barriers caused by different weekend schedules

QATAR VC firm Rasmal ventures launches debut fund GettyImages-520283407-e1714712344221

Qatar’s Rasmal Ventures launches $100m debut VC fund

While sector-agnostic, the fund will have a strategic focus on climate and energy tech, fintech, supply chain logistics, B2B SaaS and AI

Zand Bank, MANTRA partner to streamline real-world asset tokenisation

The digital bank and MANTRA will develop frameworks for RWA tokenisation that comply with regulations set by the Dubai’s VARA

Middle East: Assets under management surge 13%, rising to $2.3tn, according to A BCG study

Middle East: Assets under management surge 13%, rising to $2.3tn in 2023

According to the Boston Consulting Group report, globally in 2023, assets under management rose by 12 pr cent to nearly $120tn

Central Bank of UAE launches multi-CBDC platform for cross-border payments

Central Bank of UAE launches multi-CBDC platform for cross-border payments

The mBridge platform is an initiative under the CBUAE’s Financial Infrastructure Transformation programme that seeks to accelerate the digital transformation of the UAE’s financial services sector

Mashreq shores up capital with tightly priced $500m bond deal Mashreq -Image-WAM

Mashreq shores up capital with tightly priced $500m bond deal

The transaction achieved the largest price tightening by any UAE bank in the last five years for an additional tier 1 transaction

Meet women in MENA financial services sector

How MENA’s financial services sector is empowering women

MENA countries have made significant progress in empowering women economically, politically, and socially, and considers women to be key partners in sustainable growth

UAE

UAE economy grew 4.3% in fourth quarter of 2023

Financial and insurance activities, transportation and storage, real estate and construction sectors were among the top growth sectors

Here’s why an online MBA is advantageous for business leaders

Here’s why an online MBA is advantageous for business leaders

Courses in an online MBA are designed to be accessed from anywhere in the world, providing access to a global network of faculty and peers