It recently acquired ten UK industrial assets for a combined purchase price of GBP56.7m
The new board will be headed by Helal Al Marri
The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years
The scope for criminalisation of returned cheques due to insufficient funds has been narrowed and confined to cases of bad faith and other cheque crimes
IsDB is now the largest supranational sukuk issuer on Nasdaq Dubai with a total value of $18.8bn through 13 issuances listed on the exchange since 2016
The company will be valued at $5.8bn and the stock will start trading in Abu Dhabi on October 27
Interest in the technology industry in the Middle East has increased the past few years
The bank reported a nine-month total income of Dhs17.3bn as compared to Dhs18.3bn in the previous year
ADNOC and OCI are offering 13.8 per cent of Fertiglobe in the IPO
The consortium, led by Washington-based EIG Global Energy Partners, may raise at least $4.5bn
The MoU was signed during the opening day of the Future Blockchain Summit at GITEX Global 2021
Loan terms tied to targets to reduce CO2 emissions, increase corporate governance and promote female participation
It includes a budget of Dhs58.931bn for 2022, of which 41.2 per cent will be allocated for the development and social benefits sector
YAP, which launched earlier this year, claims it is now “onboarding hundreds per day”
Among funds eyeing Turkish investments are Abu Dhabi Investment Authority (ADIA) and ADQ
Once finalised, UAE Exchange is expected to relaunch its branch network in the UAE
The total cost of the five stimulus packages announced by the emirate’s government since the start of the pandemic amounted to Dhs7.1bn, or 1.6 per cent of Dubai’s GDP
The EDB Business Banking app is free to open and has no minimum balance criteria
The new platform is available for both conventional and Shariah-compliant banking customers
The plan involves Algosaibi contributing 90 per cent of its assets to paying off debts, with the rest restructured in order to carry on operating
The $1.2bn IPO by ACWA Power International had initial demand amounting to several billion dollars
The guidance came into effect on Monday, September 13, with licensed financial institutions being given a month to demonstrate compliance
Chamber members’ exports and re-exports to the GCC countries during the first eight months of the year increased 16.4 per cent year-on-year to Dhs79.6bn
Khalid Farooq and Farhan Ali are at the helm of Resilience which provides a range of finance and IT services to several public and private sector businesses
Fund III raised capital commitments from leading pension plans, endowments, insurance plans, government institutions, family offices and private equity firms
While financial crimes may be complex and difficult to track, the Effiya Compliance suite ensures that risk assessment is conducted seamlessly, asserts Abhishek Gupta, managing director at Effiya Technologies
It follows the establishment of a task force led by the Abu Dhabi Department of Economic Development which coordinated its efforts with over 20 government entities
Its total revenue grew 3.4 per cent to Dhs2.644bn compared to Dhs2.557bn in H1 2020
Business setup and licence renewal fees have been reduced to Dhs1,000
Musk said Bitcoin mining is “shifting towards renewable energy” and his company will likely resume accepting it as payment for electric cars