Bond investors are presented with the opportunity to lock in one of the highest yields in more than ten years
The Dubai-based lender proposed a dividend of 120 fils per share for last year, doubling the amount paid to shareholders in 2022
The regulator licenced and registered a record-breaking 117 firms during the 12 months. This reflected an increase of 25 per cent from the previous year.
Abu Dhabi Islamic Bank is actively working on prioritising substantial investments in renewable energy, clean technology, and eco-friendly projects
The fund offers funding and investment solutions to various investor categories including private sector organisations, SMEs, foreign investors, and startups
The ranking revealed that Saudi’s Aramco retained its status as the most ‘valuable’ Middle Eastern brand in global ranking, followed by ADNOC and stc
Looking at the landscape, 2024 promises to sustain the momentum in the GCC region, with Saudi Arabia taking centre stage, says Gad
The company, which is listed on Riyadh’s Tadawul exchange and manages Saudi German Hospitals, will use the proceeds for general corporate purposes
The statistics authority said rental prices increased by 9 per cent in December 2023
The year ahead brings with it opportunities but uncertainties, highlighting the significance of investors staying vigilant to these evolving market trends
Mashreq is more committed than ever to lead the way in digital innovation, client experience, sustainability, and inclusive growth
GIP is the world’s largest independent infrastructure manager with more than $100bn in AUM and a strong reputation for driving operational improvements in its portfolio companies
The banking group had QAR1.23tn in total assets at the end of December, a 4 per cent increase, driven by growth in loans and advances
The order book for First Abu Dhabi Bank’s sukuk, which was 1.9 times oversubscribed, represented leading investors, including international fund managers, banks and supranationals
This initiative aligns with e& enterprise’s commitment to promoting green business models
The launch of the real-time index advances the Saudi Exchange’s goal to provide investors with enhanced benchmark opportunities to help support Saudi Vision 2030’s Financial Sector Development Program
Al Mazrouei also serves on the boards of Abu Dhabi Retirement Pensions & Benefit Fund and AafaQ Islamic Finance
The financial and insurance sector grew by 14.4 per cent YoY and the value-added by the industry surged to Dhs18.7bn
The newly established fund will hold stakes in entities including utility giant Dubai Electricity and Water Authority, toll operator Salik and Dubai Taxi Company
Embracing tools such as VAT Filing Reconciliation and Assistance and Accounts Payable Automation becomes crucial to ensure efficient, accurate tax operations and compliance
The bank’s commitment to sustainable finance is part of its Climb2Change global initiative
DFM will commence the pilot programme for institutional investors starting from December 4-8, with the offsetting period ending on January 10, 2024
The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme
Growth in the country’s payments space is being fueled by a surge in digital transactions and technological advancements such as GenAI
The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn
Employees who sign up can either receive financial benefits after the end of their employment contract or continue investing in the end-of-service scheme
The IPO pipeline will be driven by Saudi Arabia, where 27 companies have announced their intention to list on the Tadawul
The move to the new headquarters follows the approval of APICORP’s 2023-2028 business strategy, which includes a new brand identity
The agreed recommendations will now be socialised with national governments ahead of COP28, so the fund can be activated and capitalised
The new decisions reflect the significant role of free zones in the UAE’s economic diversification strategies