PIFSS had a record investment profit of $7.3bn in the three months through June
The “incremental” funding will be used to support working capital needs
There were 190 FDI projects announced in the emirate in H1 2020, around 50 per cent of them being greenfield initiatives
Fixed income and gold have emerged as attractive asset classes for regional sovereigns, finds the Invesco Global Sovereign Asset Management study
The first six months saw $72bn of bond issuance from the region
The consortium formally withdrew its interest because of the prolonged process and current challenges
The fund held $112bn in assets at the end of March last year
Investors must keep a lookout for stocks with game-changing potential, which inevitably will tap into 5G and enable future growth prospects, opines entrepreneur and investor Shailesh Dash
The bank had asserted in March that no employees would be made redundant as a result of the Covid-19 pandemic
The DFM attracted 1,718 new investors during the first half of the year
In February last year, the British bank received approvals from Saudi Arabia’s financial regulator to open a branch in the kingdom
An official within the government added that the “issue is fundamentally not for discussion”
The capital raised by the sukuk will be used for general corporate and growth purposes including refinancing debt
Investing requires a long-term approach to yield better results, opines entrepreneur and investor Shailesh Dash in his new series
As Covid-enforced social distancing measures became commonplace, Bahrainis turned increasingly online to conduct financial services
The key for investors is to find the asset mix that not only improves their returns, but more-so their decision-making process
It covers the payment of instalments and interests over the period from January 1 to December 31, 2020
The company is building a managed marketplace for users to search, transact, and finance residential real estate
The Central Bank of the UAE has said that the support provided to non-profit organisations is expected to increase in 2020
DFM had announced the temporary closure of the premises on March 16 in the wake of the Covid-19 pandemic
There is a total of $71.09bn sukuk now listed on the exchange
The payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World
The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets
The latest listing raises the total value of sukuk listed in Dubai to $69.29bn
UAE-based Finance House offers the Al Rabeh Guarantee service to support local businesses
More than 140,000 eligible customers have already benefited from the TESS liquidity facility
The offering will comprise of 27,180,000 ordinary shares
It contributed 9.9 per cent to Dubai’s GDP in 2018
The top five destination countries for remittances were India, Pakistan, Philippines, Egypt and the US
Wealth managers need to adopt sophisticated tools such as robo-advisors to stay relevant and offer the best service to their clients, says IT firm Comarch