The banking sector was the leading contributor, with 17 banks accounting for 69 per cent of total assets
The importance of effective enterprise risk management has never been more crucial for senior finance executives, says Stephen McNally, CMA, CPA, chair of Institute of Management Accountants’ global board of directors for the 2021-2022 fiscal year
The transition finance facility aims to support Lafarge Emirates Cement with their latest project, a waste heat recovery system that supports the company’s journey to net zero by 2050
The group announced that net profit before tax rose by 8 per cent YoY in Q2 2022 to EGP623m.
Bayzat will use the fund, secured with Mohammed Bin Rashid Innovation Fund’s guarantee, to expand and strengthen its technical development team
Secura International, headquartered in Abu Dhabi, offers investment and wealth solutions to high-net worth markets in the Middle East, Asia and Africa
The growth in the profit was driven by the continued strong performance of the group’s manufacturing, contracting and services segment
Financial businesses should use a platform to manage their data to keep up with the technological advancements they are currently, or gradually planning on, implementing
The UAE considers Egypt a partner in the effort to counter anti-money laundering and terrorism financing
Key findings of the latest Invesco Global Sovereign Asset Management Study based on the views of 139 chief investment officers, heads of asset classes and senior portfolio strategists
Bitcoin is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000
Increasing numbers of fintech institutions are outsourcing their digital banking strategies
“We will look to the right time to apply such taxes” – Finance Minister Ali Al Kuwari
The A/B loan structure will help support APICORP’s less developed member countries and encourage private sector participation
Fintechs, startups and financial institutions can now plug and play into NymCard’s modern BaaS infrastructure to issue their own Mastercard cards
More than 1,000 attendees, including fintech startups, investment firms, banks and service providers, are expected to attend DIFC FinTech Week on June 28 and 29
The collaboration will offer advanced new technologies so businesses, governments and SMEs can move from cash-based payments to a seamless ecosystem
EFG Hermes Holding’s sell-side revenues grew by 61 per cent y-o-y to EGP494m supported by revenues from the investment banking and brokerage divisions
The deal was structured, financed and arranged exclusively by Standard Chartered
OPay customers from countries such as Egypt, Nigeria, Ethiopia and the UAE will benefit from Mastercard’s virtual payment solution linked to their ewallet
Imperial Avenue, a 45-floor residential tower, is Shapoorji Pallonji’s flagship real estate project in the UAE
The Finance Ministry expects the economy to grow 5.6 per cent in 2022, in line with IMF predictions
Rashid Ali bin Obood Al-Falasi has been appointed as the chief executive officer of the debt management office
Iman offers a halal book-now-pay-later solution to retailers
Kuwait Investment Authority’s Enertech Holding Co. and Pakistan Kuwait Investment Company have applied for a digital bank license and proposed a hydrogen plant and two smart cities
The Nigerian banking group aims to combine assets in renewables, ports and industrial parks and offer them to investors through initial public offerings
Kraken has received a Financial Services Permission license to operate a regulated virtual asset exchange platform in ADGM
This licence marks the first time the DFSA has authorised a firm to provide account information services and payment initiation services activities
Total bank deposits increased by 1.5 per cent, rising from Dhs1,966.8bn at the end of November 2021 to Dhs1,996.5bn at the end of December 2021
Investcorp’s new platform will enable investments in critical infrastructure companies and projects across North America