#finance

Insights: Careers with purpose in a world of change

Insights: Careers with purpose in a world of change

The right sort of education in banking and finance is going to become even more important for the GCC in a world of technology-driven automation and climate change, says the MD of MENA and Asia at The London Institute of Banking & Finance

UAE unveils National Investment Strategy Image DubaiMedia Office copy

UAE unveils National Investment Strategy 2031

The National Investment Strategy 2031 is more than a roadmap for FDI growth; it represents the UAE’s strategic intent to be a leader in emerging sectors and a magnet for top talent

Jamal Saleh - UBF DG on the potential of digital lending and financial inclusion

UAE Banking Federation’s Jamal Saleh on the potential of digital lending

Jamal Saleh, director general of the UAE Banks Federation (UBF), emphasises the need for a robust and inclusive digital lending ecosystem in the UAE to support economic growth and financial inclusion

ADGM reveals new brand -- path to forward image ADGM

Path to Forward: ADGM reveals its new brand

With more than 2,000 entities, including 231 financial services firms, ADGM remains the MENA region’s only financial centre applying English Common Law directly

VC investment in Q3 2024 image for illustrative purposes Getty Images

Americas dominates VC funding in Q3, as AI, defence-tech thrive

According to KPMG, VC investment and deals remained subdued in Q3, as many VC investors globally remained in a holding pattern given the current uncertainties still permeating the market

GQG Partners to invest $500m in Alpha Dhabi

GQG Partners to invest $500m in Alpha Dhabi

This substantial investment reflects GQG Partners’ confidence in both Alpha Dhabi and the ADX as a platform for high-quality, long-term investments

Bahrain (Image: Supplied by Qatar Airways)

Bahrain’s new domestic minimum top-up tax: What it means for multinationals

From investment impact to compliance obligations, FTI Consulting’s Nilesh Ashar explores how this tax positions Bahrain on the international tax landscape while offering strategic reliefs to boost the economy

HDI Global’s Willem van Wyk on transforming risk management

HDI Global’s Willem van Wyk on transforming risk management

The MD of HDI Global’s Dubai office, van Wyk discusses the critical role of innovation and tailored solutions in enhancing resilience across industries

UAE: Islamic treasury bonds attract Dhs7.20bn in bids at Oct auction

UAE: Islamic treasury bonds attract Dhs7.20bn in bids at auction

The Islamic T-sukuk issuance programme plays a pivotal role in enhancing the UAE’s financial markets by contributing to the development of a UAE dirham-denominated yield curve

ACCIONA secures green loan for GCC projects

ACCIONA secures EUR300m green loan to support GCC projects

The company has been involved in various infrastructure projects in the GCC, including metro extensions, desalination plants, and cultural museums

FAB announces robust results for Jan-sept 2024

Abu Dhabi: FAB reports Dhs12.9bn in net profit for Jan-Sept ’24

The bank’s total assets surged to Dhs1.2tn, reflecting a 5 per cent growth over last year

Kenya in talks for a $1.5bn commercial loan with UAE

The East African nation is seeking to diversify its sources of financing

Hoxton Wealth's Chris Ball

Hoxton Wealth’s Chris Ball on the company’s rebranding and ambitious goals

From pivoting its business model to embracing technology in wealth management, Hoxton Wealth has set a strong foundation for the future, says its founder and managing partner

Dubai Islamic Bank issues $500m AT1 sukuk at 5.25% profit rate

DIB issues $500m AT1 sukuk at 5.25% profit rate

The proceeds from the sukuk will be used to strengthen the bank’s Tier 1 capital base, which supports its lending activities and future growth strategies

Saudi's Cenomi Centers, GIB Capital unveil SAR1bn real estate fund

Saudi’s Cenomi Centers, GIB Capital unveil SAR1bn real estate fund

The fund aims to accelerate development in the Qassim region, including the facilitation of a land sale programme and development of the U Walk Qassim Mall

Rawabi Holding and World Wide Generation

Rawabi Holding, World Wide Generation new JV to drive sustainability

Rawabi will fast-track sustainability performance and financing especially in hard to abate sectors in Saudi Arabia and wider MENA region

Abu Dhabi tops global ranking of cities managing SWF capital

Abu Dhabi tops global ranking of cities managing SWF capital

Abu Dhabi’s dominance in the SWF sector is not only due to its sheer capital but also its strategic investments and diversification across industries

ADIA starts operations in India’s GIFT City office

Abu Dhabi fund ADIA boosts global presence with GIFT City office

The fund will undertake a phased transfer of certain existing Indian investments to its GIFT City subsidiary

Network International: Navigating the future of digital payments

Network International: Navigating the future of digital payments

Jamal Al Nassai, group managing director for Merchant Services at Network International shares his insights on the company’s strategic direction, innovative solutions for merchants, and the future of digital payments in the region

TAQA prices $1.75bn dual-tranche bond offering, includes green bond

TAQA prices $1.75bn dual-tranche bond offering, includes green bond

The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio

UAE insurance sector reports profits of Dhs2.5bn in 2023: CBUAE

UAE insurance sector reports Dhs2.5bn in profits in 2023: CBUAE

According to CBUAE, the insurance sector’s growth was driven by increased policy activity, investment returns, and a rising demand for coverage in key areas such as property and employment

Abu Dhabi’s non-oil economy grew 6.6% in Q2 2024

Abu Dhabi’s non-oil GDP surges by 6.6% in Q2 2024

The finance and insurance sector registered a record 13.4 per cent growth in Q2 2024, contributing 7.4 per cent to the GDP

Saudi's ROSHN secures $2.4bn syndicated loan to drive growth

Saudi’s ROSHN secures $2.4bn syndicated loan to drive growth

The credit facility is expected to provide ROSHN with the financial flexibility needed to pursue new opportunities and strengthen its position

RAKBANK, Magnati launch new merchant financing platform

RAKBANK, Magnati launch new merchant financing platform

In addition to loans, the platform offers a range of financial services, including invoice, POS and receivables financing, and insurance

Abu Dhabi, Dubai CDS drops; reflects fiscal resilience: CBUAE

Abu Dhabi, Dubai CDS drop; reflects fiscal resilience, says CBUAE

These developments reflect a robust economic landscape in the UAE, characterised by a solid banking sector and increasing investor confidence

Arada concludes $150m sukuk tap; 3.2 times oversubscribed

Arada successfully concludes $150m sukuk tap

The tap was priced at $102.54, yielding 7.35 per cent, a 15 basis points tightening from initial pricing thoughts

Arcapita, Dgpays consortium acquires majority stake in Mashreq's Neopay

Arcapita, Dgpays consortium acquires majority stake in Mashreq’s Neopay

Neopay, originally established as a strategic division within Mashreq, has expanded rapidly, becoming a key player in the UAE’s digital payments sector

UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances

UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances

The ministry’s efforts to strengthen the local currency bond market and diversify funding sources are crucial in fostering a stable financial landscape

Riyadh Air, Sutherland to develop digitally native financial operations

Riyadh Air, Sutherland to develop digitally native financial operations

This partnership supports Riyadh Air’s goal of becoming the world’s first fully digital airline as it prepares to expand to over 100 destinations by 2030

Botim Transforms Remittances with MENA’s First-Ever 'Send Now, Pay Later' Service

Botim unveils region’s first ‘Send Now, Pay Later’ remittance service

Catering primarily to the UAE’s large expatriate population, the SNPL feature offers financial flexibility, allowing users to send money abroad and pay in installments